2 Bed Terraced House, Single Let, London, NW11 6LU, £500,000

Falloden Way, Hampstead Garden Suburb, NW11 6LU - 2 views - 6 months ago

Sold STC

BTL

~61 m²

+7 photos

ValuationUndervalued

Sold Prices	£300K - £2.5M
Sold Prices/m²	£5.1K/m² - £12.1K/m²

Square Metres	~61.33 m²
Price/m²	£8.2K/m²
Value Estimate	£563,695£563,695
BMV	13%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£125,000£125,000
Stamp Duty & Legal Fees	£28,700£28,700
Total Cash In	£153,700£153,700

Cash Out
Rent Range	£1,420 - £2,350£1,420 - £2,350
Rent Estimate	£1,712
Running Costs/mo	£1,925£1,925
Cashflow/mo	£-213£-213
Cashflow/yr	£-2,555£-2,555
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £300K to £2.5M, average is £680K. £5.1K/m² to £12.1K/m², average is £9.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£405K	01/24	0.06 mi	194, Falloden Way, London, Greater London NW11 6JE	£5,063	80	2	Terraced House
£575.1K	08/21	0.1 mi	209, Falloden Way, London, Greater London NW11 6LP	£8,584	67	2	Terraced House
£625K	01/23	0.18 mi	96, Falloden Way, London, Greater London NW11 6JD	£9,615	65	2	Semi-Detached House
£775K	06/21	0.21 mi	62, Oakwood Road, London, Greater London NW11 6RL	-	-	2	Terraced House
£520K	06/21	0.22 mi	175, Falloden Way, London, Greater London NW11 6LG	£9,352	56	2	Terraced House
£705K	11/22	0.27 mi	3, Oakwood Road, London, Greater London NW11 6QU	£10,144	70	2	Terraced House
£1.8M	12/22	0.28 mi	48, Northway, London, Greater London NW11 6PE	-	-	2	Detached House
£680K	10/23	0.34 mi	17, Heath View, London, Greater London N2 0QD	£8,293	82	2	Terraced House
£615K	12/20	0.34 mi	17, Heath View, London, Greater London N2 0QD	£7,500	82	2	Terraced House
£680K	08/23	0.34 mi	29, Heath View, London, Greater London N2 0QD	-	-	2	Terraced House
£680K	08/23	0.34 mi	29, Heath View, London, Greater London N2 0QD	-	-	2	Terraced House
£950K	07/24	0.34 mi	51, Denman Drive North, London, Greater London NW11 6RD	-	-	2	Semi-Detached House
£460K	05/21	0.42 mi	145, Elmshurst Crescent, London, Greater London N2 0LW	-	-	2	Terraced House
£2.5M	11/22	0.43 mi	38, Meadway, London, Greater London NW11 6PJ	-	-	2	Semi-Detached House
£500K	05/21	0.48 mi	81, Willifield Way, London, Greater London NW11 6YL	£5,849	85	2	Semi-Detached House
£770K	04/22	0.48 mi	44, Asmuns Hill, London, Greater London NW11 6EU	-	-	2	Terraced House
£895K	10/22	0.48 mi	109, Willifield Way, London, Greater London NW11 6YH	£12,095	74	2	Semi-Detached House
£880K	11/20	0.5 mi	93, Willifield Way, London, Greater London NW11 6YH	£10,732	82	2	Semi-Detached House
£810K	10/22	0.51 mi	21, Temple Fortune Hill, London, Greater London NW11 7XL	£11,571	70	2	Semi-Detached House
£810K	09/23	0.52 mi	3, Thomas More Way, London, Greater London N2 0UL	£9,759	83	2	Terraced House
£785K	09/22	0.52 mi	34, Addison Way, London, Greater London NW11 6AS	-	-	2	Semi-Detached House
£610K	05/21	0.52 mi	44, Brackenbury Road, London, Greater London N2 0ST	£10,126	60	2	Terraced House
£615K	03/21	0.52 mi	86, Brackenbury Road, London, Greater London N2 0ST	£8,662	71	2	Terraced House
£625K	07/23	0.52 mi	88, Brackenbury Road, London, Greater London N2 0ST	£9,191	68	2	Terraced House
£625K	07/23	0.52 mi	88, Brackenbury Road, London, Greater London N2 0ST	£9,191	68	2	Terraced House
£665K	01/24	0.52 mi	64, Brackenbury Road, London, Greater London N2 0ST	£10,391	64	2	Terraced House
£1.7M	08/23	0.53 mi	4, Kingsgate Avenue, London, Greater London N3 3BH	-	-	2	Detached House
£670K	12/20	0.53 mi	52, Hamilton Road, London, Greater London N2 0SW	£8,072	83	2	Terraced House
£640K	05/21	0.53 mi	68, Hamilton Road, London, Greater London N2 0SW	£9,143	70	2	Terraced House
£715K	06/21	0.53 mi	23, Temple Fortune Hill, London, Greater London NW11 7XL	£10,362	69	2	Terraced House
£800K	05/21	0.54 mi	10, Temple Fortune Hill, London, Greater London NW11 7XN	£10,533	76	2	Terraced House
£750K	09/23	0.54 mi	9, Wordsworth Walk, London, Greater London NW11 6AU	-	-	2	Terraced House
£660K	08/23	0.54 mi	4, Wordsworth Walk, London, Greater London NW11 6AU	£10,271	64	2	Terraced House
£520.9K	12/22	0.61 mi	56, Manor Park Road, London, Greater London N2 0SJ	£7,892	66	2	Semi-Detached House
£825K	09/21	0.61 mi	154, Hampstead Way, London, Greater London NW11 7XD	£9,612	86	2	Semi-Detached House
£675K	02/23	0.63 mi	7, Creswick Walk, London, Greater London NW11 6AN	£8,562	79	2	Terraced House
£675K	02/23	0.63 mi	7, Creswick Walk, London, Greater London NW11 6AN	£8,562	79	2	Terraced House
£800K	08/21	0.63 mi	15, Creswick Walk, London, Greater London NW11 6AN	£10,959	73	2	Terraced House
£706K	04/24	0.63 mi	31, Asmuns Place, London, Greater London NW11 7XE	£10,475	67	2	Semi-Detached House
£745K	03/21	0.69 mi	430, Long Lane, London, Greater London N2 8JL	£8,663	86	2	Semi-Detached House
£610K	01/24	0.76 mi	2, Red Lion Hill, London, Greater London N2 8ED	£10,893	56	2	Terraced House
£1.2M	03/22	0.76 mi	20, Hurstwood Road, London, Greater London NW11 0AT	£6,200	200	2	Terraced House
£545K	03/21	0.77 mi	247a, East End Road, London, Greater London N2 8AY	£7,786	70	2	Semi-Detached House
£610K	03/21	0.78 mi	Kingsbury, King Street, London, Greater London N2 8DY	£6,778	90	2	Semi-Detached House
£300K	03/21	0.79 mi	24, Deanery Close, London, Greater London N2 8NS	£5,357	56	2	Terraced House
£795K	11/20	0.8 mi	18, Church Lane, London, Greater London N2 8DT	£8,281	96	2	Semi-Detached House
£615K	01/24	0.81 mi	6, Leopold Road, London, Greater London N2 8BE	£9,044	68	2	Terraced House
£1.4M	05/23	0.84 mi	39, Templars Avenue, London, Greater London NW11 0NU	-	-	2	Semi-Detached House
£1.1M	03/23	0.97 mi	57, Park Hall Road, London, Greater London N2 9PY	-	-	2	Terraced House
£1.0M	05/23	0.97 mi	52, Chandos Road, London, Greater London N2 9AP	-	-	2	Semi-Detached House

Local Rents

50 rents from £1.4K/mo to £2.4K/mo, average is £2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,600	06/24	0.07 mi	Falloden Way, Hampstead Garden Suburb, London, NW11	2	Flat
£1,950	04/25	0.08 mi	-	2	Flat
£2,000	07/24	0.09 mi	-	2	Terraced House
£1,650	06/24	0.11 mi	-	2	Flat
£1,650	06/24	0.12 mi	The Market Place, Falloden Way, London, NW11	2	Flat
£1,800	07/24	0.19 mi	-	2	Flat
£1,800	07/24	0.19 mi	Hampstead Garden Suburb, Hampstead Garden Suburb, London, N2	2	Flat
£1,993	02/24	0.22 mi	Lyttelton Road, Hampstead Garden Suburb, N2	2	Flat
£2,000	02/24	0.29 mi	-	2	Semi-Detached House
£1,800	07/24	0.29 mi	Holyoake Walk, East Finchley, N2	2	Flat
£2,000	05/24	0.29 mi	Ossulton Way, Hampstead Garden Suburb	2	Flat
£1,750	05/24	0.3 mi	Holyoake Walk, East Finchley, N2	2	Flat
£1,950	01/25	0.3 mi	-	2	Flat
£1,798	02/24	0.31 mi	Lyttelton Court, Lyttelton Road, Hampstead Garden Suburb, N2	2	Flat
£2,000	05/24	0.32 mi	Ossulton Way, East Finchley, N2	2	Flat
£2,000	05/24	0.32 mi	Ossulton Way, London, N2	2	Flat
£1,712	05/24	0.34 mi	-	2	Flat
£1,900	05/24	0.35 mi	-	2	Flat
£1,712	05/24	0.35 mi	Ossulton Way, Hampstead Garden Suburb, N2	2	Flat
£1,712	05/24	0.35 mi	Ossulton Way, Hampstead Garden Suburb, N2	2	Flat
£1,998	06/24	0.37 mi	Ossulton Way, Hampstead Garden Suburb N2	2	Flat
£2,000	06/24	0.37 mi	Stunning Two Bed In Fantastic Hgs Location	2	Flat
£1,998	06/24	0.37 mi	Ossulton Way, East Finchley, N2	2	Flat
£2,000	06/24	0.37 mi	Ossulton Way, London, N2	2	Flat
£2,000	05/24	0.37 mi	Ossulton Way, Hampstead Garden Suburb, London, N2	2	Flat
£2,000	06/24	0.38 mi	Ossulton Way, London	2	Flat
£2,000	05/24	0.38 mi	Ossulton Way London N2	2	Flat
£2,000	05/24	0.38 mi	Ossulton Way, East Finchley, London	2	Flat
£2,000	06/24	0.38 mi	Ossulton Way London N2	2	Flat
£2,002	05/24	0.39 mi	Ossulton Way, Hampstead Garden Suburb, N2	2	Flat
£1,900	01/25	0.39 mi	-	2	Flat
£2,002	05/24	0.39 mi	Ossulton Way, Hampstead Garden Suburb N2	2	Flat
£2,000	05/24	0.39 mi	Ossulton Way, N2	2	Flat
£2,000	05/24	0.39 mi	Hampstead Garden Suburb	2	Flat
£2,000	05/24	0.39 mi	Ossulton Way, London, N2	2	Flat
£2,000	05/24	0.39 mi	Ossulton Way, East Finchley, London, N2	2	Flat
£2,350	01/25	0.39 mi	-	2	Flat
£1,950	05/24	0.4 mi	Denison Close London N2	2	Flat
£1,950	05/24	0.4 mi	Denison Close, Hampstead Garden Suburb, N2	2	Flat
£1,998	05/24	0.4 mi	Ossulton Way, Hampstead Garden Suburb, N2	2	Flat
£1,870	06/24	0.41 mi	-	2	Flat
£1,870	06/24	0.41 mi	Warwick Court, London, N2	2	Flat
£1,800	07/24	0.41 mi	Ossulton Way, London, N2	2	Flat
£1,850	05/24	0.43 mi	Ossulton Way, East Finchley, London, N2	2	Flat
£2,050	07/24	0.44 mi	-	2	Flat
£1,800	07/24	0.44 mi	East End Road, East Finchley, N2	2	Flat
£2,000	06/24	0.46 mi	East End Road East Finchley N2	2	Flat
£1,425	07/24	0.46 mi	-	2	Flat
£1,450	02/25	0.46 mi	-	2	Flat
£1,420	03/25	0.46 mi	-	2	Flat

Local Area Statistics

Population in NW11	32,57132,571
Population in London	4,771,9214,771,921
Town centre distance	5.24 miles away5.24 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.84 miles away0.84 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-6%-6%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+19%+19%

Property History

Listed for £500,000

October 14, 2024

Floor Plans

Description

Terraced House +
Two Bedrooms +
Large Rear Garden +
Tunnelled Side Access to Rear +
Front Garden +
Opportunity to Extend (STPP) +
Chain Free Sale +

Moreland are proud to introduce to the market this charming terraced home situated in the desirable Hampstead Garden Suburb. The property currently makes for an ideal house to put your own stamp on and create a wonderful home. The ground floor of the property boasts a large reception room with a separate kitchen and doors leading onto the large rear garden. The first floor offers two bedrooms, each offering built in storage, and a large bathroom. Externally, the property presents a charming front garden, enhancing the property's curb appeal and creating an inviting entrance. The house also benefits from tunnelled side access, adding convenience and practicality. The rear garden features a well-maintained lawn and a patio area, providing a pleasant outdoor space for relaxation and ample extension opportunities (STPP). This property is offered to the market chain free.

The location of this terraced home is particularly appealing, as it is situated on the cusp of the sought-after Hampstead Garden Suburb. Residents can enjoy the nearby Lyttleton Playing fields and the Hampstead Heath extension, offering opportunities for outdoor recreation and leisure activities. East Finchley Station (Northern Line/Zone 3) is conveniently located just 1 mile away.

In summary, this charming terraced cottage offers a large reception space, a modern fitted kitchen, large bathroom, two bedrooms, and excellent opportunities to further develop (STPP). Its attractive location, close to green spaces and transport links, combined with the stunning front and rear gardens, make it an ideal home for those seeking comfort, convenience, and a peaceful suburban lifestyle.

Agent Details

Moreland, Golders Green

020 3675 9733

Next Steps?

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

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