3 Bed Terraced House, Refurb/BRRR, London, NW2 2HY, £1,500,000

Watt House, London NW2 2HY - 1 views - 7 months ago

Refurb/BRRR
~174 m²
+20 photos

ValuationOvervalued

Sold Prices£500K - £6.5M
Sold Prices/m²£6.1K/m² - £18.7K/m²

 

 

Square Metres

~174 m²
Price/m²£8.6K/m²

Value Estimate

£1,407,781

 

 

End Value (After Refurb)

£1,889,710

Uplift in Value

+26%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£375,000

Stamp Duty & Legal Fees

£169,950

Refurb Costs

£92,133

Bridging Loan Interest

£39,375

Total Cash In

£678,208

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£1,889,710

Agent Fees (1%)

£18,897

Bridging Loan

£1,125,000

Bridging Loan Interest

£39,375

Flip Profit

£67,605

Local Sold Prices

50 sold prices from £500K to £6.5M, average is £832.5K. £6.1K/m² to £18.7K/m², average is £8.1K/m².

PriceDateDistanceAddressBeds 
£850K06/230.07 mi22, Prospect Road, London, Greater London NW2 2JU3
£830K06/210.08 mi26, Ridge Road, London, Greater London NW2 2QS3
£635K07/230.08 mi30, Ridge Road, London, Greater London NW2 2QS3
£820K02/210.09 mi32, Crewys Road, London, Greater London NW2 2AA3
£785K03/210.12 mi3, Madoc Close, London, Greater London NW2 2BG3
£950K05/240.12 mi13, Pattison Road, London, Greater London NW2 2HL3
£2.1M01/230.14 mi21, Lyndale Avenue, London, Greater London NW2 2QB3
£1.8M11/220.19 mi53, Llanvanor Road, London, Greater London NW2 2AR3
£990K06/230.21 mi103, Crewys Road, London, Greater London NW2 2AU3
£900K03/240.21 mi66, Crewys Road, London, Greater London NW2 2AD3
£590K05/240.23 mi8, Cloister Road, London, Greater London NW2 2NP3
£500K08/210.23 mi40, Cloister Road, London, Greater London NW2 2NP3
£1.7M02/210.26 mi15, Rosecroft Avenue, London, Greater London NW3 7QA3
£797K06/210.28 mi34, Garth Road, London, Greater London NW2 2NJ3
£6.4M01/220.29 mi12, Ferncroft Avenue, London, Greater London NW3 7PH3
£910K03/210.3 mi41, Nant Road, London, Greater London NW2 2AL3
£6.5M10/230.34 mi31, Ferncroft Avenue, London, Greater London NW3 7PG3
£2.4M03/230.38 mi35, Hollycroft Avenue, London, Greater London NW3 7QJ3
£835K11/230.39 mi91, Greenfield Gardens, London, Greater London NW2 1HU3
£825K03/210.39 mi71, Greenfield Gardens, London, Greater London NW2 1HU3
£900K06/210.39 mi73, Greenfield Gardens, London, Greater London NW2 1HU3
£1.1M08/220.41 mi50, Greenfield Gardens, London, Greater London NW2 1HX3
£815K02/220.44 mi48, Greenfield Gardens, London, Greater London NW2 1HX3
£1.0M09/220.47 mi4, Purley Avenue, London, Greater London NW2 1SJ3
£1.2M02/240.49 mi44, Ingham Road, London, Greater London NW6 1DE3
£1.2M09/210.54 mi22, Rose Joan Mews, London, Greater London NW6 1DQ3
£1.1M03/230.55 mi3, Sanderstead Avenue, London, Greater London NW2 1SE3
£500K12/230.55 mi68, Galsworthy Road, London, Greater London NW2 2SH3
£600K05/230.55 mi22, Galsworthy Road, London, Greater London NW2 2SB3
£1.6M04/210.57 mi80, Agamemnon Road, London, Greater London NW6 1EH3
£650K04/210.58 mi3, Pentland Close, London, Greater London NW11 8SP3
£680K11/200.59 mi16, Cheviot Gardens, London, Greater London NW2 1QH3
£1.8M11/220.59 mi34, Ulysses Road, London, Greater London NW6 1EE3
£680K06/210.6 mi109, Cheviot Gardens, London, Greater London NW2 1QD3
£650K01/230.61 mi62, Cheviot Gardens, London, Greater London NW2 1QE3
£725K01/230.64 mi63, Cumbrian Gardens, London, Greater London NW2 1ED3
£2.2M11/200.64 mi33, Achilles Road, London, Greater London NW6 1DZ3
£1.3M05/230.65 mi14, Berridge Mews, London, Greater London NW6 1RF3
£2.9M05/220.66 mi27a, Redington Road, London, Greater London NW3 7QY3
£608K08/230.66 mi214, The Vale, London, Greater London NW11 8SR3
£1.1M03/230.7 mi1, Orestes Mews, London, Greater London NW6 1AP3
£660K08/220.71 mi12, Compton Close, London, Greater London NW11 8SX3
£645K05/210.72 mi33, Cleveland Gardens, London, Greater London NW2 1EA3
£670K10/220.73 mi133, Cumbrian Gardens, London, Greater London NW2 1EJ3
£700K06/240.73 mi135, Cumbrian Gardens, London, Greater London NW2 1EJ3
£615K08/230.74 mi61, Westcroft Close, London, Greater London NW2 2RR3
£625K11/230.75 mi10, Grampian Gardens, London, Greater London NW2 1JG3
£625K11/230.75 mi8, Chiltern Gardens, London, Greater London NW2 1PX3
£595K04/240.77 mi55, Cleveland Gardens, London, Greater London NW2 1DX3
£3.5M02/240.77 mi14, Windmill Hill, London, Greater London NW3 6RT3

Local Rents

49 rents from £2K/mo to £8K/mo, average is £3.3K/mo.

RentDateDistanceAddressBeds 
£2,92506/240.05 miWest Heath Road, Hampstead, London, NW33
£3,50009/240.07 mi-3
£3,85006/240.07 miProspect Road, London, NW23
£3,50007/240.07 miProspect Road, London, NW23
£3,50008/240.07 miProspect Road, Childs Hill, London, NW2 2JU3
£2,60006/240.07 miPortman Heights, West Heath Road, Hampstead NW33
£3,44508/240.09 miFinchley Road, Swiss Cottage, NW33
£3,50008/240.09 miSt Johns Court Finchley Road London NW33
£5,63306/240.1 miFinchley Road, Hampstead, NW33
£4,00003/250.11 mi-3
£2,57808/240.14 miMoreland Court, Church Walk, London, NW2 2TP3
£7,58306/240.17 miLexington Place Golders Hill NW23
£5,52506/240.17 miWest Heath Road, Hampstead, London, NW33
£2,60007/240.18 miWendover Court, Finchley Road, London, NW23
£7,58306/240.18 miFinchley Road, Golders Green3
£7,58306/240.19 miLexington Place, Golders Green, London NW113
£2,30004/250.23 mi-3
£3,01206/240.24 miLlanvanor Road, London, NW2 2AP3
£2,60002/250.24 mi-3
£2,36204/250.26 mi-3
£2,80006/240.27 miLyndale, London, NW23
£2,00009/240.27 miGranville Road, Childs Hill, NW23
£2,75006/240.28 miCloister Road, London, NW23
£2,90001/250.28 mi-3
£2,75006/240.28 miCloister Road, London, Greater London, NW2 2NP3
£2,38307/240.29 miNant Court, Granville Road, London, NW2 2LB3
£2,38308/240.29 miNant Court, Granville Road, London, NW2 2LB3
£4,32001/250.29 mi-3
£3,60004/250.29 mi-3
£2,75006/240.3 miFinchley Road, Golders Green NW113
£3,46707/240.31 miKidderpore Avenue, Hampstead, NW33
£2,75006/240.31 mi-3
£2,75006/240.33 miFINCHLEY ROAD, London, NW113
£2,75206/240.33 miFinchley Road, Golders Green, NW113
£2,75006/240.33 miFinchley Road, London, NW113
£7,80006/240.39 miChapman House3
£6,00006/240.39 miMaynard House, 8C Kidderpore Avenue, London, NW33
£5,00007/240.39 miCaulfield House, 1 Penrose Gardens, NW33
£2,65003/250.4 mi-3
£5,85006/240.4 miWestfield, Kidderpore Avenue, Hampstead, London NW33
£2,80006/240.4 miSunflower Court, London3
£3,10008/240.4 miWestfield, Kidderpore Avenue, NW33
£3,25008/240.4 miWestfield, Kidderpore Avenue, NW33
£3,35807/240.41 miWestfield Apartments, Kidderpore Avenue, Hampstead, NW33
£3,25008/240.41 miWestfield, Kidderpore Avenue, Hampstead, NW33
£7,99506/240.41 miWestfield, Kidderpore Avenue, London, NW33
£3,25008/240.41 miKidderpore Avenue, Hampstead, London, NW33
£3,65007/240.41 miKidderpore Avenue, London3
£3,65007/240.41 miKidderpore Avenue, Hampstead3

Local Area Statistics

Population in NW2

67,393

Population in London

4,771,921

Town centre distance

4.59 miles away

Nearest school

0.10 miles away

Nearest train station

0.70 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Buyer's market

Capital growth (5yrs)

+17%

Property History

Listed for £1,500,000

September 17, 2024

Floor Plans

Description

This former keeper's residence in Hampstead, north London, has been sensitively transformed into a three-bedroom house, with a back-to-brick renovation that has earned it a 10-year New Build Guarantee. With the original frontage built in 1921, the new house behind unfolds across three storeys, with the entire ground floor given over to a series of immaculately presented open-plan living spaces that open out to a private patio. A similarly refined finish is used in each of the bedrooms, two of which have access to private balconies. The western part of Hampstead Heath lies a short walk to the east, with its tennis courts, lido and year-round swimming ponds just beyond.

The Tour

The yellow and red London stock brick façade of this early 20th-century building epitomises the era’s approach to robust industrial design. It originally served as the keeper's cottage to the adjoining electrical switchboard and was built in 1921. An impressive Dutch gable roof sits centrally, directly above a driveway tucked behind a secure gate. The house's entrance lies here, tucked away on the down-lit paved driveway.

The hallway lies beyond, with a wood-burning stove and Mandarin Stone floor tiles. Underfloor heating begins here and continues ... There is plenty of storage space for coats and shoes, as well as a handy WC. The flexible living and dining room has triple glazing and a bright white palette, with an air conditioning that allows for an optimal atmosphere.

The kitchen has been fantastically appointed with Schmidt cabinetry, AEG appliances and a Quooker hot tap. An expansive quartz-topped island faces out towards Crittall-style doors and glazing, with engineered-oak parquet echoing the Corten-effect finish of the cabinets.

On the first floor the main bedroom has built-in wardrobes, a curved balcony terrace and an en suite with a walk-in shower. There is also another bedroom and family bathroom with a porcelain bath. Stairs lead to the second floor, which has a dramatic pitched roofline, skylights and a balcony that floods the space with light. Another room, framed by the building's original beams, would make for a great yoga studio or study.

Environmentally conscious interventions were added during the renovation process, including an air-source heat pump and solar panels.

Outdoor Space

The house has three distinct outdoor spaces to enjoy. First is a private driveway with CCTV that guides towards a rear patio space, leads past a soaring metal structure to an area with parking space for two cars, as well as an EV charging point.

Just off the first-floor bedroom is a curved terrace with space for a table and chairs, making it a lovely spot to sit and watch the sunset. A second balcony lies above is sheltered by the adjoining wall and would be a great spot for pots and planters.

The Area

The house is fantastically close to Hampstead Heath and the village-like delights that make Hampstead one of the most sought-after locations in London. Hampstead High Street offers a host of boutiques, cafés and eateries, including Jin Kichi, Oddono’s gelati, Ginger and White, Gail’s and the famous Hampstead Crêperie.

There are several atmospheric pubs nearby, including The Horseshoe, The Flask and The Holly Bush, while the open expanse of Hampstead Heath is just minutes away. In addition to elevated views of the city from Parliament Hill, there are tennis courts, a café and Kenwood House, a wonderful 17th-century country house and gallery. There are many cultural spots nearby from the excellent Camden Arts Centre to the Kiln Theatre in Kilburn.

Many of London’s best independent schools are within a short walk of the house, including The Hall, St Antony’s, South Hampstead, St Christopher’s, Trevor Roberts and Sarum Hall.

Golders Green Underground Station (Northern Line) is 16 minutes from the house. Hampstead Heath and Finchley Road and Frognal Overground are both around a 25-minute walk away.

Council Tax Band: D

Agent Details

The Modern House, London

020 3834 8558

Next Steps?

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