2 Bed Flat, Single Let, London, NW7 2DN, £319,950

Mill Hill, London, NW7 2DN - 5 views - 6 months ago

BTL

ROI: 3%

~68 m²

+2 photos

ValuationUndervalued

Sold Prices	£275.5K - £675K
Sold Prices/m²	£3K/m² - £7.7K/m²

Square Metres	~68.11 m²
Price/m²	£4.7K/m²
Value Estimate	£382,973£382,973
BMV	18%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£79,988£79,988
Stamp Duty & Legal Fees	£14,696£14,696
Total Cash In	£94,684£94,684

Cash Out
Rent Range	£1,500 - £3,000£1,500 - £3,000
Rent Estimate	£1,579
Running Costs/mo	£1,336£1,336
Cashflow/mo	£243£243
Cashflow/yr	£2,920£2,920
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

40 sold prices from £275.5K to £675K, average is £358.1K. £3K/m² to £7.7K/m², average is £5.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£295K	12/20	0.04 mi	40, Rowlands Close, London, Greater London NW7 2DN	£4,836	61	2	Flat
£344K	03/21	0.04 mi	68, Rowlands Close, London, Greater London NW7 2DN	£5,733	60	2	Flat
£344K	01/21	0.04 mi	61, Rowlands Close, London, Greater London NW7 2DN	£5,642	61	2	Flat
£295K	08/23	0.04 mi	41, Rowlands Close, London, Greater London NW7 2DN	£5,000	59	2	Flat
£435K	11/21	0.11 mi	1, Bloomsbury Close, London, Greater London NW7 2DT	£7,373	59	2	Flat
£510K	08/23	0.19 mi	4, Tithe Close, London, Greater London NW7 2QD	£7,712	66	2	Flat
£385K	06/21	0.2 mi	Flat 23, Page Court, Page Street, London, Greater London NW7 2DY	-	-	2	Flat
£365K	09/23	0.26 mi	Flat 14, Holland Court, Page Street, London, Greater London NW7 2DJ	-	-	2	Flat
£390K	04/23	0.26 mi	Flat 1, Sunrise View, The Rise, London, Greater London NW7 2LL	-	-	2	Flat
£568.5K	11/23	0.55 mi	5, Woodland Way, London, Greater London NW7 2JP	£7,383	77	2	Flat
£390K	09/22	0.62 mi	12a, Milespit Hill, London, Greater London NW7 2PL	£6,500	60	2	Flat
£360K	08/21	0.62 mi	29, Wheatley Close, London, Greater London NW4 4LG	£5,784	62	2	Flat
£318K	11/21	0.62 mi	38, Wheatley Close, London, Greater London NW4 4LG	£5,091	62	2	Flat
£340K	12/20	0.62 mi	3, Storksmead Road, Edgware, Greater London HA8 0JW	£4,146	82	2	Flat
£400K	09/21	0.64 mi	Flat 3, Ashburnham Court, Daws Lane, London, Greater London NW7 4SH	-	-	2	Flat
£350K	12/20	0.64 mi	Flat 3, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£322.5K	01/23	0.65 mi	101, Wheatley Close, London, Greater London NW4 4LF	£4,542	71	2	Flat
£335K	12/20	0.66 mi	Flat 1, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£335K	12/20	0.66 mi	Flat 1, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£350K	01/21	0.66 mi	Flat 8, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£356.3K	06/21	0.68 mi	Flat 1, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£434K	08/23	0.68 mi	Flat 1, Byron Court, Byron Road, London, Greater London NW7 4AG	-	-	2	Flat
£350K	01/21	0.71 mi	Flat 8, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£470K	06/21	0.74 mi	85a, The Broadway, London, Greater London NW7 3TG	£4,653	101	2	Flat
£382K	01/21	0.75 mi	10a, Langley Park, London, Greater London NW7 2AA	£6,714	57	2	Flat
£310K	10/23	0.77 mi	Flat 11, Buckingham Court, Watford Way, London, Greater London NW4 4TD	-	-	2	Flat
£420K	11/22	0.77 mi	42a, Tennyson Road, London, Greater London NW7 4AS	£5,526	76	2	Flat
£285K	06/21	0.79 mi	303, Watling Avenue, Edgware, Greater London HA8 0ND	£5,377	53	2	Flat
£275.5K	10/21	0.79 mi	293, Watling Avenue, Edgware, Greater London HA8 0ND	£4,373	63	2	Flat
£350K	02/21	0.82 mi	4c, Sunningfields Crescent, London, Greater London NW4 4RD	£5,147	68	2	Flat
£375K	06/21	0.82 mi	32, Wilshaw Close, London, Greater London NW4 4TU	£3,000	125	2	Flat
£360K	11/22	0.83 mi	15, Wilshaw Close, London, Greater London NW4 4TU	£5,373	67	2	Flat
£345K	04/21	0.89 mi	1a, Angus Gardens, London, Greater London NW9 5LG	£6,422	54	2	Flat
£290K	08/23	0.92 mi	Flat 17, Curie Gardens, Pasteur Close, London, Greater London NW9 5JF	-	-	2	Flat
£430K	03/23	0.92 mi	52a, Sunny Gardens Road, London, Greater London NW4 1RY	£6,324	68	2	Flat
£675K	03/21	0.92 mi	23, Hale Grove Gardens, London, Greater London NW7 3LR	£6,193	109	2	Flat
£420K	06/21	0.94 mi	20, Seaton Square, London, Greater London NW7 1GB	£7,073	59	2	Flat
£325K	02/23	0.94 mi	16, Seaton Square, London, Greater London NW7 1GB	£5,603	58	2	Flat
£535K	06/21	0.97 mi	5, Honiton Gardens, London, Greater London NW7 1GF	-	-	2	Flat
£405K	06/21	0.97 mi	10, Honiton Gardens, London, Greater London NW7 1GF	£6,778	60	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,600	06/24	0.02 mi	Rowlands Close, Mill Hill	2	Flat
£1,850	06/24	0.03 mi	Rowlands Close, Mill Hill, NW7	2	Terraced House
£1,850	06/24	0.04 mi	Rowlands Close, Mill Hill, NW7	2	Terraced House
£1,750	04/25	0.04 mi	-	2	Flat
£1,750	03/25	0.04 mi	-	2	Flat
£2,350	07/24	0.07 mi	Colenso Drive, Mill Hill, NW7	2	Terraced House
£1,850	07/24	0.08 mi	Burnham Close, Mill Hill, London, Greater London, NW7	2	Semi-Detached House
£2,400	07/24	0.09 mi	Brancaster Drive, Mill Hill	2	Semi-Detached House
£1,900	07/24	0.09 mi	Colenso Drive, London, NW7	2	Terraced House
£1,950	06/24	0.09 mi	Burnham Close, Mill Hill, London, NW7	2	House
£1,950	06/24	0.09 mi	Colenso Drive, Mill Hill, NW7	2	Terraced House
£1,850	06/24	0.09 mi	Aylesham Close, MIll Hill, NW7	2	Terraced House
£1,800	07/24	0.1 mi	Bloomsbury Close, Mill Hill, NW7	2	Flat
£1,850	03/24	0.1 mi	Bloomsbury Close, Mill Hill, NW7	2	Flat
£1,800	08/24	0.1 mi	Bloomsbury Close, Mill Hill, NW7	2	Flat
£1,517	06/24	0.11 mi	Bloomsbury Close, Mill Hill NW7	2	Flat
£2,200	06/24	0.11 mi	Colenso Drive, Mill Hill, NW7	2	Flat
£1,500	06/24	0.12 mi	Bunns Lane, Mill Hill, NW7	2	Flat
£1,850	01/25	0.13 mi	-	2	Flat
£2,200	08/24	0.13 mi	81 Bunn's Lane,	2	Flat
£1,700	07/24	0.15 mi	Shetland Court, Bressay Drive, Mill Hill, NW7	2	Flat
£1,850	06/24	0.15 mi	Tingwall Court, 3 Bressay Drive, Mill Hill, London, NW7	2	Flat
£1,850	07/24	0.19 mi	Page Street, Mill Hill, NW7	2	Flat
£1,900	08/24	0.19 mi	Page Street, Randall Court Page Street, NW7	2	Flat
£1,850	01/25	0.25 mi	-	2	Flat
£2,250	10/24	0.27 mi	-	2	Flat
£3,000	11/24	0.28 mi	-	2	Flat
£2,350	02/25	0.28 mi	-	2	Flat
£2,350	07/24	0.28 mi	Coxwell Boulevard, London	2	Flat
£2,400	03/25	0.28 mi	-	2	Flat
£1,650	10/24	0.28 mi	-	2	Flat
£1,550	01/25	0.28 mi	-	2	Flat
£2,350	08/24	0.28 mi	Coxwell Boulevard, Colindale, NW9	2	Flat
£2,350	08/24	0.28 mi	Coxwell Boulevard, London, NW9	2	Flat
£2,350	08/24	0.28 mi	Coxwell Boulevard, Mill Hill, London, NW9	2	Flat
£2,400	09/24	0.29 mi	-	2	Flat
£2,250	11/24	0.3 mi	-	2	Flat
£1,950	02/25	0.3 mi	-	2	Flat
£1,850	08/24	0.31 mi	Corner Mead, London, NW9	2	Terraced House
£1,900	06/24	0.32 mi	Gilda Court, Watford Way, Mill Hill	2	Flat
£1,600	07/24	0.32 mi	Gilda Court, Watford Way, London	2	Flat
£1,750	08/24	0.36 mi	-	2	Flat
£1,750	07/24	0.36 mi	London, London, NW4	2	Flat
£2,200	04/25	0.36 mi	-	2	Flat
£1,725	06/24	0.36 mi	Field Mead, Mill Hill, NW7	2	Terraced House
£1,750	07/24	0.36 mi	-	2	Terraced House
£1,750	07/24	0.36 mi	Rivington Crescent, London, NW7	2	Terraced House
£1,750	03/24	0.38 mi	Rivington Crescent, London, NW7	2	Terraced House

Local Area Statistics

Population in NW7	25,13125,131
Population in London	4,771,9214,771,921
Town centre distance	7.81 miles away7.81 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.68 miles away0.68 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 £319,950

January 23, 2025

Listed for £324,950

October 4, 2024

Sold for £80,000

1999

Floor Plans

Description

SHARE OF FREEHOLD - TWO-BEDROOM MODERNISED APARTMENT NEAR MILL HILL BROADWAY

IDEAL FOR AN INVESTOR / FIRST TIME BUYER - Located in a popular turning close to Mill Hill Broadway, this modernised two-bedroom apartment offers spacious and contemporary living. The property features a large reception room, a modern kitchen, a generously sized main bedroom, a good-sized second bedroom, and a modern family bathroom.

Situated within walking distance to the excellent amenities of Mill Hill Broadway and the Thameslink station, this apartment is perfect for convenient living. Offered Chain Free. Sole Agent.

Agent Details

Cosway Estates, Mill Hill

020 3879 9989

Next Steps?

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

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