2 Bed Flat, Single Let, London, NW7 2QN, £300,000

Watford Way, Mill Hill, London, NW7 2QN - 7 months ago

Leasehold

BTL

ROI: 4%

~63 m²

+1 photos

ValuationUndervalued

Sold Prices	£260K - £568.5K
Sold Prices/m²	£3K/m² - £7.7K/m²

Square Metres	~62.70 m²
Price/m²	£4.8K/m²
Value Estimate	£339,625£339,625
BMV	13%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£21,200£21,200
Total Cash In	£96,200£96,200

Cash Out
Rent Range	£1,517 - £3,000£1,517 - £3,000
Rent Estimate	£1,600
Running Costs/mo	£1,278£1,278
Cashflow/mo	£323£323
Cashflow/yr	£3,870£3,870
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

44 sold prices from £260K to £568.5K, average is £350K. £3K/m² to £7.7K/m², average is £5.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£510K	08/23	0.11 mi	4, Tithe Close, London, Greater London NW7 2QD	£7,712	66	2	Flat
£295K	12/20	0.32 mi	40, Rowlands Close, London, Greater London NW7 2DN	£4,836	61	2	Flat
£344K	03/21	0.32 mi	68, Rowlands Close, London, Greater London NW7 2DN	£5,733	60	2	Flat
£344K	01/21	0.32 mi	61, Rowlands Close, London, Greater London NW7 2DN	£5,642	61	2	Flat
£295K	08/23	0.32 mi	41, Rowlands Close, London, Greater London NW7 2DN	£5,000	59	2	Flat
£360K	08/21	0.32 mi	29, Wheatley Close, London, Greater London NW4 4LG	£5,784	62	2	Flat
£318K	11/21	0.32 mi	38, Wheatley Close, London, Greater London NW4 4LG	£5,091	62	2	Flat
£322.5K	01/23	0.35 mi	101, Wheatley Close, London, Greater London NW4 4LF	£4,542	71	2	Flat
£435K	11/21	0.37 mi	1, Bloomsbury Close, London, Greater London NW7 2DT	£7,373	59	2	Flat
£385K	06/21	0.43 mi	Flat 23, Page Court, Page Street, London, Greater London NW7 2DY	-	-	2	Flat
£310K	10/23	0.47 mi	Flat 11, Buckingham Court, Watford Way, London, Greater London NW4 4TD	-	-	2	Flat
£375K	06/21	0.52 mi	32, Wilshaw Close, London, Greater London NW4 4TU	£3,000	125	2	Flat
£360K	11/22	0.53 mi	15, Wilshaw Close, London, Greater London NW4 4TU	£5,373	67	2	Flat
£365K	09/23	0.53 mi	Flat 14, Holland Court, Page Street, London, Greater London NW7 2DJ	-	-	2	Flat
£390K	04/23	0.53 mi	Flat 1, Sunrise View, The Rise, London, Greater London NW7 2LL	-	-	2	Flat
£350K	02/21	0.6 mi	4c, Sunningfields Crescent, London, Greater London NW4 4RD	£5,147	68	2	Flat
£430K	03/23	0.69 mi	52a, Sunny Gardens Road, London, Greater London NW4 1RY	£6,324	68	2	Flat
£290K	08/23	0.7 mi	Flat 17, Curie Gardens, Pasteur Close, London, Greater London NW9 5JF	-	-	2	Flat
£340K	12/20	0.72 mi	3, Storksmead Road, Edgware, Greater London HA8 0JW	£4,146	82	2	Flat
£568.5K	11/23	0.78 mi	5, Woodland Way, London, Greater London NW7 2JP	£7,383	77	2	Flat
£390K	09/22	0.8 mi	12a, Milespit Hill, London, Greater London NW7 2PL	£6,500	60	2	Flat
£455K	02/21	0.8 mi	69, Sunny Gardens Road, London, Greater London NW4 1SJ	-	-	2	Flat
£345K	04/21	0.81 mi	1a, Angus Gardens, London, Greater London NW9 5LG	£6,422	54	2	Flat
£285K	06/21	0.85 mi	303, Watling Avenue, Edgware, Greater London HA8 0ND	£5,377	53	2	Flat
£275.5K	10/21	0.85 mi	293, Watling Avenue, Edgware, Greater London HA8 0ND	£4,373	63	2	Flat
£335K	06/21	0.87 mi	9a, Selborne Gardens, London, Greater London NW4 4SH	£6,204	54	2	Flat
£260K	03/21	0.94 mi	43a, Colindale Avenue, London, Greater London NW9 5EP	£5,417	48	2	Flat
£400K	09/21	0.95 mi	Flat 3, Ashburnham Court, Daws Lane, London, Greater London NW7 4SH	-	-	2	Flat
£350K	12/20	0.95 mi	Flat 3, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£335K	12/20	0.95 mi	Flat 1, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£335K	12/20	0.95 mi	Flat 1, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£350K	01/21	0.95 mi	Flat 8, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£320K	12/20	0.95 mi	Flat 9, Claydon House, Holders Hill Road, London, Greater London NW4 1LS	-	-	2	Flat
£390K	01/21	0.95 mi	Flat 32, Claydon House, Holders Hill Road, London, Greater London NW4 1LS	-	-	2	Flat
£345K	10/23	0.95 mi	Flat 26, Claydon House, Holders Hill Road, London, Greater London NW4 1LS	-	-	2	Flat
£375K	03/21	0.95 mi	Flat 33, Claydon House, Holders Hill Road, London, Greater London NW4 1LS	-	-	2	Flat
£382K	01/21	0.96 mi	10a, Langley Park, London, Greater London NW7 2AA	£6,714	57	2	Flat
£407.5K	02/21	0.96 mi	Flat 3, Pembroke Hall, Mulberry Close, London, Greater London NW4 1QW	-	-	2	Flat
£390K	03/21	0.97 mi	Flat 4, Thurlby Croft, Mulberry Close, London, Greater London NW4 1QP	-	-	2	Flat
£340K	04/23	0.97 mi	Flat 22, Golderton, Prince Of Wales Close, London, Greater London NW4 4QZ	-	-	2	Flat
£356.3K	06/21	0.97 mi	Flat 1, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£434K	08/23	0.98 mi	Flat 1, Byron Court, Byron Road, London, Greater London NW7 4AG	-	-	2	Flat
£325K	12/20	0.99 mi	Flat 21, Golderton, Prince Of Wales Close, London, Greater London NW4 4QZ	-	-	2	Flat
£350K	01/21	0.99 mi	Flat 8, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat

Local Rents

48 rents from £1.5K/mo to £3K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,400	09/24	0.02 mi	-	2	Flat
£1,650	10/24	0.03 mi	-	2	Flat
£1,550	01/25	0.03 mi	-	2	Flat
£1,900	06/24	0.05 mi	Gilda Court, Watford Way, Mill Hill	2	Flat
£1,600	07/24	0.05 mi	Gilda Court, Watford Way, London	2	Flat
£1,750	08/24	0.09 mi	-	2	Flat
£1,750	07/24	0.09 mi	London, London, NW4	2	Flat
£2,200	04/25	0.1 mi	-	2	Flat
£2,100	09/24	0.15 mi	Hall Lane, London, NW4	2	Flat
£2,250	11/24	0.15 mi	-	2	Flat
£3,000	11/24	0.17 mi	-	2	Flat
£2,350	02/25	0.17 mi	-	2	Flat
£1,700	04/25	0.18 mi	-	2	Flat
£2,350	08/24	0.2 mi	Coxwell Boulevard, Mill Hill, London, NW9	2	Flat
£2,400	03/25	0.22 mi	-	2	Flat
£2,350	08/24	0.22 mi	Coxwell Boulevard, Colindale, NW9	2	Flat
£2,350	08/24	0.22 mi	Coxwell Boulevard, London, NW9	2	Flat
£1,950	06/24	0.22 mi	Burnham Close, Mill Hill, London, NW7	2	House
£1,850	07/24	0.23 mi	Burnham Close, Mill Hill, London, Greater London, NW7	2	Semi-Detached House
£1,850	06/24	0.24 mi	Aylesham Close, MIll Hill, NW7	2	Terraced House
£2,000	06/24	0.25 mi	Ruby Way, Colindale, London, NW9	2	Flat
£2,350	07/24	0.26 mi	Coxwell Boulevard, London	2	Flat
£2,350	07/24	0.29 mi	Colenso Drive, Mill Hill, NW7	2	Terraced House
£1,650	08/24	0.3 mi	Wheatley Close, Hendon	2	Flat
£1,850	06/24	0.3 mi	Tingwall Court, 3 Bressay Drive, Mill Hill, London, NW7	2	Flat
£1,700	07/24	0.31 mi	Shetland Court, Bressay Drive, Mill Hill, NW7	2	Flat
£1,600	06/24	0.31 mi	Rowlands Close, Mill Hill	2	Flat
£2,250	10/24	0.31 mi	-	2	Flat
£1,750	04/25	0.32 mi	-	2	Flat
£1,750	03/25	0.32 mi	-	2	Flat
£2,400	07/24	0.32 mi	Brancaster Drive, Mill Hill	2	Semi-Detached House
£1,850	06/24	0.33 mi	Rowlands Close, Mill Hill, NW7	2	Terraced House
£1,900	07/24	0.33 mi	Colenso Drive, London, NW7	2	Terraced House
£1,850	06/24	0.33 mi	Rowlands Close, Mill Hill, NW7	2	Terraced House
£1,700	08/24	0.34 mi	Wheatley Close, Hendon, London, NW4	2	Flat
£1,850	06/24	0.34 mi	-	2	Flat
£1,850	06/24	0.34 mi	Bader Court, London, NW9	2	Flat
£1,850	06/24	0.34 mi	Bader Court, London, NW9	2	Flat
£1,950	07/24	0.35 mi	Cara House, 48 Capitol Road, London, NW9	2	Flat
£1,625	09/24	0.35 mi	Bader Court, 2 Runway Close, NW9	2	Flat
£1,950	06/24	0.35 mi	Colenso Drive, Mill Hill, NW7	2	Terraced House
£1,600	06/24	0.35 mi	Wheatley Close, Hendon, London, NW4	2	Flat
£1,950	07/24	0.35 mi	Watford Way, London	2	Flat
£1,800	07/24	0.36 mi	Hilltop Gardens, London, NW4 1JE	2	Flat
£2,200	10/24	0.37 mi	-	2	Bungalow
£1,517	06/24	0.37 mi	Bloomsbury Close, Mill Hill NW7	2	Flat
£1,900	01/25	0.37 mi	-	2	Flat
£1,800	07/24	0.38 mi	Bloomsbury Close, Mill Hill, NW7	2	Flat

Local Area Statistics

Population in NW7	25,13125,131
Population in London	4,771,9214,771,921
Town centre distance	7.61 miles away7.61 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.73 miles away0.73 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+15%+15%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+5%+5%

Property History

Price changed to £300,000

February 12, 2025

Listed for £330,000

September 25, 2024

Floor Plans

Description

Spacious 2 bedroom ground floor flat +
Purpose-built block +
2 good-sized double bedrooms +
Half-bay fronted reception room +
Separate well-equipped kitchen +
Close to transport links +

This spacious 2 bedroom ground floor flat is located in Gilda Court, a purpose built development in Mill Hill. Nearby the property are amenities on Mill Hill Broadway and in Hendon.

The property is moments from bus stops which provide regular routes into Central London and out towards the North. Brent Cross Shopping Centre is also within easy reach.

Please use the reference CHPK1301352 when contacting Foxtons.

Agent Details

Foxtons, North Finchley

020 3909 9684

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.

4 Bed House, Single Let, London, NW4 4TJ

£735,000

4 views • 7 months ago • 129 m²

4 Bed House, Single Let, London, NW4 4TJ

£735,000

3 months ago • 129 m²

2 Bed Flat, Single Let, London, NW7 3JN

£450,000

6 months ago • 75 m²

Sold STC

3 Bed House, Single Let, London, NW7 2QD

£750,000

2 views • 6 months ago • 112 m²

2 Bed Flat, Single Let, London, NW7 2QN, £300,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

Similar Properties

4 Bed House, Single Let, London, NW4 4TJ

4 Bed House, Single Let, London, NW4 4TJ

2 Bed Flat, Single Let, London, NW7 3JN

3 Bed House, Single Let, London, NW7 2QD

Cashflows

Local Sold Prices

Local Rents