3 Bed Flat, Single Let, London, NW2 1NS £410,000

Pennine Drive, Cricklewood, London, NW2 1NS - 5 views - a year ago

Under Offer

Leasehold

BTL

ROI: 3%

~93 m²

ValuationUndervalued

Sold Prices	£250K - £2.0M
Sold Prices/m²	£3.7K/m² - £19.2K/m²

Square Metres	~93 m²
Price/m²	£4.4K/m²
Value Estimate	£504,300£504,300
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£102,500£102,500
Stamp Duty & Legal Fees	£21,500£21,500
Total Cash In	£124,000£124,000

Cash Out
Rent Range	£657 - £7,000£657 - £7,000
Rent Estimate	£2,063
Running Costs/mo	£1,714£1,714
Cashflow/mo	£349£349
Cashflow/yr	£4,190£4,190
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

46 sold prices from £250K to £2.0M, average is £555K. £3.7K/m² to £19.2K/m², average is £6.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£690K	10/24	0.1 mi	63, Cotswold Gardens, Cricklewood, London NW2 1QT	£19,167	36	3	Flat
£750K	02/25	0.25 mi	83, Flat 1, The Vale, Childs Hill, London NW11 8TJ	£8,427	89	3	Flat
£750K	02/25	0.25 mi	Flat 1, 83, The Vale, Childs Hill, London NW11 8TJ	-	-	3	Flat
£375K	04/23	0.27 mi	124, Hendon Way, London, Greater London NW2 2NG	£3,676	102	3	Flat
£345K	04/25	0.35 mi	63a, Claremont Road, Cricklewood, London NW2 1AG	£4,207	82	3	Flat
£587.5K	12/24	0.37 mi	40, Flat 2, Wessex Gardens, Golders Green, London NW11 9RR	£5,595	105	3	Flat
£587.5K	12/24	0.37 mi	Flat 2, 40, Wessex Gardens, Golders Green, London NW11 9RR	£5,595	105	3	Flat
£395K	09/23	0.48 mi	Flat 5, Avenue Court, Farm Avenue, London, Greater London NW2 2PT	-	-	3	Flat
£600K	12/22	0.53 mi	Flat 1, Kimber House, Lyndale Avenue, London, Greater London NW2 2QD	-	-	3	Flat
£640K	07/25	0.55 mi	Flat 3, 50, Crewys Road, Cricklewood, London NW2 2AA	-	-	3	Flat
£530K	05/25	0.6 mi	Flat 3, Golders Court, Woodstock Road, Golders Green, London NW11 8QG	£6,463	82	3	Flat
£530K	05/25	0.6 mi	Flat 3, Golders Court, Woodstock Road, Golders Green, London NW11 8QG	-	-	3	Flat
£510K	09/21	0.61 mi	Flat 11, Golders Court, Woodstock Road, London, Greater London NW11 8QG	-	-	3	Flat
£490K	06/23	0.61 mi	Flat 16, Golders Court, Woodstock Road, London, Greater London NW11 8QG	-	-	3	Flat
£495K	10/22	0.62 mi	Flat 20, Golders Court, Woodstock Road, London, Greater London NW11 8QG	-	-	3	Flat
£500K	09/23	0.62 mi	Flat 18, Orchard Mead House, Finchley Road, London, Greater London NW11 8DJ	-	-	3	Flat
£670K	10/24	0.67 mi	1, Flat 2, Helenslea Avenue, Golders Green, London NW11 8NE	-	-	3	Flat
£480K	11/24	0.69 mi	20b, Golders Way, Golders Green, London NW11 8JY	£4,848	99	3	Flat
£550K	02/25	0.71 mi	21a, Golders Green Road, Golders Green, London NW11 8DY	£7,856	70	3	Flat
£550K	02/25	0.71 mi	21a, Golders Green Road, Golders Green, London NW11 8DY	-	-	3	Flat
£425K	10/23	0.72 mi	22a, Langton Road, London, Greater London NW2 6QA	£5,313	80	3	Flat
£585K	07/21	0.72 mi	Flat 62, Moreland Court, Finchley Road, London, Greater London NW2 2TN	-	-	3	Flat
£460K	03/25	0.72 mi	67a, Temple Road, London NW2 6PN	£5,679	81	3	Flat
£400K	01/24	0.73 mi	Flat 51, Moreland Court, Finchley Road, London, Greater London NW2 2PL	-	-	3	Flat
£525K	06/21	0.74 mi	Flat 48, Wendover Court, Finchley Road, London, Greater London NW2 2PH	-	-	3	Flat
£765K	06/23	0.76 mi	Flat 15, Vernon Court, Hendon Way, London, Greater London NW2 2PD	-	-	3	Flat
£375K	11/23	0.77 mi	11a, Ivy Road, London, Greater London NW2 6SU	-	-	3	Flat
£445K	08/23	0.78 mi	Flat 108, Ashford Court, Ashford Road, London, Greater London NW2 6BS	-	-	3	Flat
£410K	03/25	0.81 mi	81a, Mora Road, London NW2 6TB	£5,395	76	3	Flat
£528K	05/21	0.81 mi	24b, Ebbsfleet Road, London, Greater London NW2 3NA	-	-	3	Flat
£590K	06/23	0.85 mi	Flat 49, Windsor Court, Golders Green Road, London, Greater London NW11 9PR	-	-	3	Flat
£512K	06/21	0.86 mi	2b, Skardu Road, London, Greater London NW2 3ER	-	-	3	Flat
£560K	01/25	0.88 mi	1, Nicholas Court, Finchley Road, London NW11 7EY	£7,467	75	3	Flat
£250K	07/23	0.88 mi	Flat 4, Aneurin Bevan Court, Coles Green Road, London, Greater London NW2 6EE	-	-	3	Flat
£635K	09/24	0.88 mi	18, Flat 2, St Johns Road, Golders Green, London NW11 0PG	£9,071	70	3	Flat
£1.2M	03/23	0.89 mi	Ground Floor Flat, 25, Menelik Road, London, Greater London NW2 3RJ	-	-	3	Flat
£850K	06/21	0.9 mi	Flat 12, West Heath Court, North End Road, London, Greater London NW11 7RE	-	-	3	Flat
£760K	01/24	0.91 mi	10, Flat B, Platt's Lane, London NW3 7NR	-	-	3	Flat
£475K	05/23	0.92 mi	First Floor Flat, 129, Olive Road, London, Greater London NW2 6UT	-	-	3	Flat
£675K	06/25	0.94 mi	Flat B, 5, Somali Road, London NW2 3RN	-	-	3	Flat
£675K	06/25	0.94 mi	Flat B, 5, Somali Road, London NW2 3RN	£15,698	43	3	Flat
£880K	01/25	0.94 mi	Flat 1, 987 Regal House, Finchley Road, London NW11 7GZ	£8,224	107	3	Flat
£2.0M	06/25	0.97 mi	Flat B, 36, Hollycroft Avenue, London NW3 7QN	-	-	3	Flat
£2.0M	06/25	0.97 mi	Flat B, 36, Hollycroft Avenue, London NW3 7QN	-	-	3	Flat
£795K	11/23	0.98 mi	Kenmare Mansions, Flat 1, Gondar Gardens, London NW6 1ET	£8,457	94	3	Flat
£760K	12/21	0.99 mi	Flat 3, Lawn Mansions, Gondar Gardens, London, Greater London NW6 1ER	-	-	3	Flat

Local Rents

50 rents from £657/mo to £7K/mo, average is £2.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,100	07/25	0.01 mi	Pennine Mansions, Pennine Drive, Cricklewood, NW2	3	Flat
£2,100	09/25	0.03 mi	Pennine Drive, London	3	Flat
£2,750	09/25	0.05 mi	Cumbrian Gardens, London, NW2	3	Semi-Detached House
£3,000	07/25	0.06 mi	Cumbrian Gardens, London, NW2	3	Semi-Detached House
£3,000	08/25	0.06 mi	-	3	Semi-Detached House
£2,550	01/25	0.08 mi	-	3	Flat
£2,300	12/24	0.08 mi	-	3	Flat
£2,500	11/25	0.09 mi	Cheviot Gardens, London, NW2	3	Semi-Detached House
£2,500	11/25	0.09 mi	-	3	Semi-Detached House
£2,000	06/24	0.09 mi	Cheviot Gardens, Cricklewood, NW2	3	Detached House
£3,000	11/25	0.09 mi	Cheviot Gardens, Cricklewood	3	Semi-Detached House
£2,998	11/25	0.09 mi	Cheviot Gardens, Golders Green Estate	3	Semi-Detached House
£2,200	01/25	0.11 mi	-	3	Flat
£2,100	08/25	0.11 mi	Pennine Mansions, Pennine Drive, London, NW2	3	Flat
£2,000	06/24	0.13 mi	Cheviot Gate, London, NW2	3	Detached House
£3,200	02/25	0.13 mi	-	3	Semi-Detached House
£3,200	08/25	0.13 mi	-	3	Semi-Detached House
£2,200	06/24	0.14 mi	Pennine Drive, London, NW2	3	Flat
£2,650	06/24	0.14 mi	Cheviot Gardens, London, NW2	3	Semi-Detached House
£2,650	07/24	0.14 mi	Cheviot Gardens, London, NW2	3	Semi-Detached House
£2,650	07/24	0.14 mi	-	3	Semi-Detached House
£2,648	08/24	0.14 mi	Cheviot Gardens, Golders Green Estate	3	House
£2,700	08/25	0.15 mi	Greenfield Gardens, London, Greater London, NW2	3	Flat
£2,700	07/24	0.16 mi	Cumbrian Gardens, London, NW2	3	Flat
£2,700	08/24	0.16 mi	-	3	Flat
£2,700	06/25	0.16 mi	-	3	Flat
£6,500	12/24	0.16 mi	-	3	Flat
£4,500	09/25	0.16 mi	-	3	Flat
£3,250	11/25	0.17 mi	Cheviot Gardens, London	3	Semi-Detached House
£6,000	02/24	0.18 mi	-	3	Flat
£7,000	02/24	0.18 mi	-	3	Detached House
£6,000	03/25	0.18 mi	-	3	Detached House
£2,550	05/25	0.2 mi	Pentland Close, London, NW11	3	Semi-Detached House
£3,200	09/25	0.22 mi	The Vale, London, NW11	3	Detached House
£2,297	06/24	0.23 mi	Hendon Way, London, NW2	3	Flat
£2,817	07/24	0.24 mi	Greenfield Gardens, Cricklewood, London, NW2 1HX	3	House
£3,000	08/25	0.25 mi	-	3	Flat
£3,000	06/25	0.25 mi	Hendon Way, London, NW2	3	Semi-Detached House
£2,750	12/24	0.26 mi	-	3	Flat
£2,300	06/24	0.26 mi	The Vale, Golders Green	3	Flat
£3,195	09/25	0.26 mi	The Vale London NW11	3	House
£3,750	09/25	0.26 mi	Wayside, Golders Green, NW11	3	Detached House
£2,500	07/25	0.26 mi	-	3	Bungalow
£3,300	02/25	0.27 mi	-	3	Flat
£3,150	08/25	0.27 mi	Hamlet Square, London, NW2	3	Semi-Detached House
£2,990	09/25	0.27 mi	Hamlet Square, London, NW2	3	Semi-Detached House
£3,050	07/24	0.27 mi	Hamlet Square, London, NW2	3	Semi-Detached House
£657	06/25	0.28 mi	Hamlet Square, London, NW2	3	Terraced House
£2,600	10/25	0.28 mi	Hamlet Square, London, NW2	3	Terraced House
£2,500	07/24	0.28 mi	Chiltern Gardens, London, NW2	3	Semi-Detached House

Local Area Statistics

Population in NW2	67,31767,317
Population in London	4,771,9214,771,921
Town centre distance	5.25 miles away5.25 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.56 miles away0.56 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-5%-5%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+20%+20%

Property History

Listed for £410,000

September 25, 2024

Sold for £310,000

2015

Sold for £126,000

1999

Sold for £82,500

1999

Floor Plans

Description

Lovely 3 bedroom duplex flat +
Well presented throughout +
Generous sized rooms +
Bright reception room +
Modern kitchen with separate dining area +
Excellent location +

Set in a purpose-built block on a quiet street, this spacious 3 bedroom duplex offers bright and spacious accommodation throughout.

Pennine Drive is a pleasant residential area close to a wide range of local amenities. Cricklewood Station (British Rail) is close by for links into the City.

Please use the reference RICH0224584 when contacting Foxtons.

Agent Details

Foxtons, Temple Fortune

020 3889 9193

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.

Auction

2 Bed House, Single Let, London, NW2 1NR

£400,000

3 years ago • 68 m²

6 Bed House, Single Let, London, NW2 1QE

£950,000

3 months ago • 186 m²

Sold STC

4 Bed House, Single Let, London, NW2 1QE

£830,000

4 months ago • 129 m²

4 Bed House, Single Let, London, NW2 1DY

£900,000

20 days ago • 129 m²