3 Bed Semi-Detached House, Refurb/BRRR, London, NW7 3BH, £575,000

22 The Broadway, Mill Hill, London, NW7 3NJ - 6 months ago

Sold STC

Refurb/BRRR

ROI: 1%

~104 m²

+15 photos

ValuationUndervalued

Sold Prices	£450K - £1.9M
Sold Prices/m²	£5K/m² - £19.8K/m²

Square Metres	~103.60 m²
Price/m²	£5.5K/m²
Value Estimate	£592,250£592,250
BMV	3%

End Value (After Refurb)	£575,556£575,556
Uplift in Value	+0%+0%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£143,750£143,750
Stamp Duty & Legal Fees	£48,700£48,700
Refurb Costs	£54,808£54,808
Bridging Loan Interest	£15,094£15,094
Total Cash In	£264,101£264,101

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£575,556£575,556
Mortgage (After Refinance)	£431,667£431,667
Mortgage LTV	75%75%
Cash Released	£417£417
Cash Left In	£263,685£263,685
Equity	£143,889£143,889
Rent Range	£2,000 - £4,000£2,000 - £4,000
Rent Estimate	£2,618
Running Costs/mo	£2,342£2,342
Cashflow/mo	£276£276
Cashflow/yr	£3,309£3,309
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £450K to £1.9M, average is £656.3K. £5K/m² to £19.8K/m², average is £6.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£600K	09/22	0 mi	14, Barnet Way, London, Greater London NW7 3BH	-	-	3	Semi-Detached House
£600K	01/21	0.01 mi	46, Barnet Way, London, Greater London NW7 3BH	£5,217	115	3	Semi-Detached House
£730K	06/21	0.07 mi	14, Westfield Road, London, Greater London NW7 3BL	-	-	3	Semi-Detached House
£615K	02/23	0.12 mi	3, Fernside Avenue, London, Greater London NW7 3BB	-	-	3	Semi-Detached House
£800K	10/20	0.12 mi	11, Hankins Lane, London, Greater London NW7 3AA	£6,061	132	3	Semi-Detached House
£1.0M	09/22	0.15 mi	3, Green Avenue, London, Greater London NW7 4QB	-	-	3	Detached House
£523K	03/21	0.16 mi	40, Ellesmere Avenue, London, Greater London NW7 3EY	-	-	3	Semi-Detached House
£615K	09/22	0.18 mi	26, Hankins Lane, London, Greater London NW7 3AE	£7,069	87	3	Semi-Detached House
£602.5K	09/23	0.2 mi	5, Norbury Grove, London, Greater London NW7 4LS	-	-	3	Semi-Detached House
£530K	11/21	0.2 mi	13, Norbury Grove, London, Greater London NW7 4LS	£6,023	88	3	Semi-Detached House
£650K	01/24	0.25 mi	85, Ellesmere Avenue, London, Greater London NW7 3HB	£5,963	109	3	Semi-Detached House
£550K	04/23	0.27 mi	20, Mount Grove, Edgware, Greater London HA8 9SX	£6,471	85	3	Semi-Detached House
£675K	03/21	0.3 mi	58, Gibbs Green, Edgware, Greater London HA8 9RP	-	-	3	Semi-Detached House
£667.5K	12/22	0.33 mi	7, Langley Crescent, Edgware, Greater London HA8 9SZ	£7,335	91	3	Semi-Detached House
£1.7M	01/21	0.34 mi	8, Tretawn Gardens, London, Greater London NW7 4NR	£15,802	106	3	Semi-Detached House
£892.5K	12/20	0.34 mi	24, Tretawn Gardens, London, Greater London NW7 4NR	£6,330	141	3	Semi-Detached House
£575K	02/23	0.35 mi	3, Riverdene, Edgware, Greater London HA8 9TA	-	-	3	Semi-Detached House
£530K	06/23	0.35 mi	39, Riverdene, Edgware, Greater London HA8 9TA	£5,699	93	3	Semi-Detached House
£499.9K	04/21	0.35 mi	13, Ramillies Road, London, Greater London NW7 4LY	£5,747	87	3	Terraced House
£662.5K	11/20	0.35 mi	58, Ramillies Road, London, Greater London NW7 4LX	£5,136	129	3	Terraced House
£570K	06/23	0.36 mi	32, Ramillies Road, London, Greater London NW7 4LX	£6,552	87	3	Semi-Detached House
£495K	11/23	0.37 mi	89, Riverdene, Edgware, Greater London HA8 9TB	-	-	3	Semi-Detached House
£542.5K	01/21	0.37 mi	31, Magnolia Gardens, Edgware, Greater London HA8 9GH	£4,977	109	3	Terraced House
£515K	02/23	0.38 mi	39, Magnolia Gardens, Edgware, Greater London HA8 9GH	£5,988	86	3	Terraced House
£755K	06/21	0.38 mi	33, Selvage Lane, London, Greater London NW7 3SS	£6,991	108	3	Semi-Detached House
£1.3M	04/21	0.41 mi	27, Sunnyfield, London, Greater London NW7 4RD	-	-	3	Semi-Detached House
£680K	03/21	0.43 mi	78, Worcester Crescent, London, Greater London NW7 4LL	£7,816	87	3	Semi-Detached House
£855K	01/24	0.43 mi	24, Selvage Lane, London, Greater London NW7 3SP	£5,000	171	3	Semi-Detached House
£750K	12/23	0.43 mi	26, Selvage Lane, London, Greater London NW7 3SP	-	-	3	Detached House
£460K	03/21	0.43 mi	64, Fairmead Crescent, Edgware, Greater London HA8 8YW	-	-	3	Semi-Detached House
£450K	02/21	0.43 mi	107, Fairmead Crescent, Edgware, Greater London HA8 8YR	£5,114	88	3	Semi-Detached House
£1.9M	12/23	0.44 mi	85, Sunnyfield, London, Greater London NW7 4RE	£19,792	96	3	Detached House
£495K	07/23	0.45 mi	2, Firethorn Close, Edgware, Greater London HA8 9GF	£5,824	85	3	Terraced House
£622K	04/21	0.45 mi	47, Elmgate Gardens, Edgware, Greater London HA8 9RU	-	-	3	Semi-Detached House
£465K	04/21	0.45 mi	181, Fairmead Crescent, Edgware, Greater London HA8 8YS	£6,284	74	3	Terraced House
£895K	10/23	0.46 mi	24, Highwood Grove, London, Greater London NW7 3LY	£6,393	140	3	Detached House
£515K	06/21	0.48 mi	58, Harcourt Avenue, Edgware, Greater London HA8 8YN	-	-	3	Semi-Detached House
£527K	06/23	0.49 mi	49, Harcourt Avenue, Edgware, Greater London HA8 8YJ	£7,027	75	3	Terraced House
£985K	09/22	0.49 mi	14, Gibbs Green, Edgware, Greater London HA8 9RH	-	-	3	Detached House
£880K	08/22	0.49 mi	12, Sunbury Gardens, London, Greater London NW7 3SG	-	-	3	Detached House
£1.0M	11/23	0.52 mi	87, The Reddings, London, Greater London NW7 4JP	£8,578	117	3	Detached House
£525K	11/23	0.52 mi	51, Hale Grove Gardens, London, Greater London NW7 3LT	£6,325	83	3	Terraced House
£885K	03/23	0.52 mi	10, Manor Drive, London, Greater London NW7 3NE	-	-	3	Semi-Detached House
£840K	01/21	0.56 mi	4, Beechwood Close, London, Greater London NW7 3LS	£6,176	136	3	Detached House
£570K	06/21	0.59 mi	93, Kenilworth Road, Edgware, Greater London HA8 8XA	£5,229	109	3	Semi-Detached House
£840K	06/21	0.61 mi	37, Lawrence Gardens, London, Greater London NW7 4JU	-	-	3	Semi-Detached House
£896.4K	11/20	0.61 mi	47, Lawrence Gardens, London, Greater London NW7 4JU	£7,058	127	3	Detached House
£750K	06/23	0.61 mi	19, Millway, London, Greater London NW7 3QR	-	-	3	Semi-Detached House
£670K	06/21	0.61 mi	33, Cloister Gardens, Edgware, Greater London HA8 9QJ	£5,154	130	3	Semi-Detached House
£672K	01/21	0.61 mi	61, Warwick Avenue, Edgware, Greater London HA8 8UN	£6,165	109	3	Semi-Detached House

Local Rents

19 rents from £2K/mo to £4K/mo, average is £2.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,150	07/24	0.1 mi	-	3	Semi-Detached House
£3,150	06/24	0.1 mi	Westfield Road, London, NW7	3	Semi-Detached House
£2,300	08/24	0.13 mi	Barnet Way, Mill Hill, NW7	3	Semi-Detached House
£2,700	02/24	0.23 mi	-	3	Flat
£4,000	06/24	0.3 mi	Austell Heights, Mill Hill NW7 4PG	3	Detached House
£2,817	06/24	0.32 mi	Millway, Mill Hill	3	Flat
£2,100	04/24	0.35 mi	-	3	Semi-Detached House
£2,100	04/24	0.35 mi	-	3	Semi-Detached House
£2,000	04/24	0.35 mi	-	3	Semi-Detached House
£3,150	08/24	0.36 mi	St. Hildas Mount, London, NW7	3	Flat
£2,750	08/24	0.36 mi	-	3	Flat
£2,650	12/24	0.36 mi	-	3	Flat
£3,150	08/24	0.37 mi	Marsh Lane, Mill Hill, NW7	3	Flat
£2,250	11/24	0.52 mi	-	3	Flat
£2,200	12/24	0.52 mi	-	3	Flat
£2,300	08/24	0.52 mi	Hale Grove Gardens, Mill Hill, NW7	3	Flat
£2,500	06/24	0.57 mi	Hale Grove Gardens, London, NW7	3	Detached House
£2,100	08/24	0.6 mi	Hale Lane, London, NW7	3	Flat
£2,500	12/24	0.61 mi	-	3	Bungalow

Local Area Statistics

Population in NW7	25,13125,131
Population in London	4,771,9214,771,921
Town centre distance	9.17 miles away9.17 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.78 miles away0.78 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 £575,000

February 8, 2025

Listed for £600,000

October 14, 2024

Floor Plans

Description

Chain free +
Three bedrooms +
Within approximately 1.2 miles of Mill Hill Broadway +
In need of modernisation +
Approximately 55ft rear garden +
Close to popular local schools +
Garage to rear +
Scope to extend further (stpp*) +
Council Tax Band E +

An extended three bedroom semi detached house situated close to sought after local schools including The Fairway, Courtland and Mill Hill County High School, within approximately 1.2 miles of Mill Hill Broadway's excellent shopping facilities and Thameslink Station.

The property needs modernisation and comprises front reception room, rear reception room, kitchen, utility room, three bedrooms, bathroom and separate wc.

Benefits include gas central heating, double glazing, front garden, approximately 55ft rear garden and detached garage to rear approached via vehicular access off Barnet Way.

The property offers further scope to extend (*subject to obtaining the necessary planning consents).

For further details and to arrange a viewing contact Ellis and Co Estate Agents.

Agent Details

Ellis & Co, Mill Hill

020 3872 3065

Next Steps?

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

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