2 Bed Flat, Single Let, London, NW11 6JP, £325,000

Market Place Hampstead Garden Suburb NW11 6JP - 4 views - 5 months ago

Under Offer

BTL

ROI: 3%

~63 m²

+7 photos

ValuationUndervalued

Sold Prices	£325K - £650K
Sold Prices/m²	£3.2K/m² - £10K/m²

Square Metres	~63.10 m²
Price/m²	£5.2K/m²
Value Estimate	£390,000£390,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£81,250£81,250
Stamp Duty & Legal Fees	£14,700£14,700
Total Cash In	£95,950£95,950

Cash Out
Rent Range	£1,452 - £2,285£1,452 - £2,285
Rent Estimate	£1,550
Running Costs/mo	£1,346£1,346
Cashflow/mo	£204£204
Cashflow/yr	£2,453£2,453
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £325K to £650K, average is £453.3K. £3.2K/m² to £10K/m², average is £7.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£350K	11/22	0.18 mi	Flat 21, Lyttelton Court, Lyttelton Road, London, Greater London N2 0EB	-	-	2	Flat
£456.8K	03/23	0.18 mi	186, Falloden Way, London, Greater London NW11 6JE	£8,907	51	2	Flat
£495K	10/21	0.21 mi	40, Hill Top, London, Greater London NW11 6EE	£9,706	51	2	Flat
£456.7K	11/20	0.26 mi	Flat 108, Monarch Court, Lyttelton Road, London, Greater London N2 0RB	-	-	2	Flat
£475K	10/22	0.26 mi	Flat 104, Monarch Court, Lyttelton Road, London, Greater London N2 0RB	-	-	2	Flat
£436K	12/21	0.27 mi	68, Heath View, London, Greater London N2 0QB	£5,629	77	2	Flat
£445K	09/21	0.27 mi	46, Heath View, London, Greater London N2 0QB	£5,933	75	2	Flat
£502.5K	09/23	0.27 mi	76, Heath View, London, Greater London N2 0QB	-	-	2	Flat
£515K	06/23	0.32 mi	5, Heath View Close, London, Greater London N2 0PY	£6,519	79	2	Flat
£440K	01/24	0.34 mi	Widecombe Court, Flat 3, Lyttelton Road, London, Greater London N2 0HN	£6,377	69	2	Flat
£350K	04/23	0.34 mi	Flat 14, Widecombe Court, Lyttelton Road, London, Greater London N2 0HN	-	-	2	Flat
£560K	09/21	0.35 mi	52, Neale Close, London, Greater London N2 0LF	£10,036	56	2	Flat
£620K	06/21	0.35 mi	Flat 9, Bigwood Court, Bigwood Road, London, Greater London NW11 6SS	-	-	2	Flat
£630K	11/20	0.36 mi	Flat 1, Bigwood Court, Bigwood Road, London, Greater London NW11 6SS	-	-	2	Flat
£440K	06/21	0.39 mi	42, Denison Close, London, Greater London N2 0JU	£7,097	62	2	Flat
£431K	06/21	0.39 mi	40, Denison Close, London, Greater London N2 0JU	£6,734	64	2	Flat
£450K	03/21	0.39 mi	129, Ossulton Way, London, Greater London N2 0JS	£6,923	65	2	Flat
£520K	04/21	0.4 mi	Flat 17, Meadway Court, Meadway, London, Greater London NW11 6PN	-	-	2	Flat
£407.5K	07/23	0.41 mi	Flat 3, Warwick Court, Ossulton Way, London, Greater London N2 0LG	-	-	2	Flat
£420K	05/21	0.42 mi	27, Denison Close, London, Greater London N2 0JT	£6,176	68	2	Flat
£420K	05/21	0.42 mi	27, Denison Close, London, Greater London N2 0JT	£6,176	68	2	Flat
£463K	01/21	0.42 mi	1, Denison Close, London, Greater London N2 0JT	£8,123	57	2	Flat
£450K	06/21	0.42 mi	24, Denison Close, London, Greater London N2 0JT	£7,109	63	2	Flat
£366K	01/21	0.43 mi	156a, East End Road, London, Greater London N2 0RY	£7,176	51	2	Flat
£415K	05/21	0.43 mi	Flat 12, Branksome Court, East End Road, London, Greater London N2 0RX	-	-	2	Flat
£410K	06/21	0.43 mi	Flat 6, Branksome Court, East End Road, London, Greater London N2 0RX	-	-	2	Flat
£395K	12/21	0.46 mi	Flat 19, Sherwood Hall, East End Road, London, Greater London N2 0TA	£7,453	53	2	Flat
£400K	06/21	0.46 mi	Flat 14, Sherwood Hall, East End Road, London, Greater London N2 0TA	-	-	2	Flat
£435K	11/22	0.46 mi	Flat 36, Sherwood Hall, East End Road, London, Greater London N2 0TA	-	-	2	Flat
£430K	12/20	0.46 mi	Flat 10, Sherwood Hall, East End Road, London, Greater London N2 0TA	-	-	2	Flat
£410K	02/23	0.46 mi	Flat 35, Sherwood Hall, East End Road, London, Greater London N2 0TA	-	-	2	Flat
£358K	12/20	0.47 mi	134a, East End Road, London, Greater London N2 0RZ	£5,594	64	2	Flat
£640K	02/23	0.47 mi	Flat 11, Belvedere Court, Lyttelton Road, London, Greater London N2 0AG	-	-	2	Flat
£500K	05/21	0.48 mi	5, Cromwell Close, London, Greater London N2 0LL	£9,434	53	2	Flat
£325K	03/24	0.51 mi	Erskine House, Flat 4, Homesfield, London, Greater London NW11 6HN	£3,186	102	2	Flat
£592K	07/24	0.51 mi	33a, Sedgemere Avenue, London, Greater London N2 0SY	£7,494	79	2	Flat
£560K	06/21	0.51 mi	43, Sedgemere Avenue, London, Greater London N2 0SY	£7,086	79	2	Flat
£575K	09/21	0.51 mi	26, Sedgemere Avenue, London, Greater London N2 0SX	£8,582	67	2	Flat
£558.8K	12/23	0.51 mi	6, Sedgemere Avenue, London, Greater London N2 0SX	£7,534	74	2	Flat
£555K	03/23	0.51 mi	16a, Sedgemere Avenue, London, Greater London N2 0SX	£7,281	76	2	Flat
£620K	12/20	0.51 mi	Flat 47, Belvedere Court, Lyttelton Road, London, Greater London N2 0AH	-	-	2	Flat
£650K	07/23	0.51 mi	Flat 41, Belvedere Court, Lyttelton Road, London, Greater London N2 0AH	-	-	2	Flat
£650K	10/22	0.54 mi	25a, Sedgemere Avenue, London, Greater London N2 0SY	£8,228	79	2	Flat
£445K	03/21	0.55 mi	3, Hobbs Green, London, Greater London N2 0TG	£8,558	52	2	Flat
£465K	09/23	0.55 mi	3, Hobbs Green, London, Greater London N2 0TG	£8,942	52	2	Flat
£475K	12/22	0.57 mi	61, Beaufort Park, London, Greater London NW11 6BT	£6,250	76	2	Flat
£385K	05/24	0.58 mi	41, Beaufort Park, London, Greater London NW11 6BS	-	-	2	Flat
£622K	10/20	0.59 mi	4, Stanley Road, London, Greater London N2 0NB	£8,814	71	2	Flat
£345K	06/23	0.59 mi	52, Manor Park Road, London, Greater London N2 0SJ	-	-	2	Flat
£522K	05/21	0.59 mi	70a, Manor Park Road, London, Greater London N2 0SJ	£7,324	71	2	Flat

Local Rents

50 rents from £1.5K/mo to £2.3K/mo, average is £2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,650	06/24	0 mi	The Market Place, Falloden Way, London, NW11	2	Flat
£1,650	06/24	0.02 mi	-	2	Flat
£1,600	06/24	0.06 mi	Falloden Way, Hampstead Garden Suburb, London, NW11	2	Flat
£1,800	07/24	0.07 mi	-	2	Flat
£1,800	07/24	0.07 mi	Hampstead Garden Suburb, Hampstead Garden Suburb, London, N2	2	Flat
£1,993	02/24	0.1 mi	Lyttelton Road, Hampstead Garden Suburb, N2	2	Flat
£1,798	02/24	0.19 mi	Lyttelton Court, Lyttelton Road, Hampstead Garden Suburb, N2	2	Flat
£1,950	01/25	0.2 mi	-	2	Flat
£2,000	07/24	0.21 mi	-	2	Terraced House
£2,000	05/24	0.28 mi	Ossulton Way, Hampstead Garden Suburb	2	Flat
£1,750	05/24	0.31 mi	Holyoake Walk, East Finchley, 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
£1,800	07/24	0.33 mi	Holyoake Walk, East Finchley, N2	2	Flat
£1,712	05/24	0.34 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
£1,900	05/24	0.35 mi	-	2	Flat
£2,000	06/24	0.37 mi	Ossulton Way, London, 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
£1,900	01/25	0.37 mi	-	2	Flat
£2,000	05/24	0.38 mi	Ossulton Way, Hampstead Garden Suburb, London, N2	2	Flat
£2,000	06/24	0.39 mi	Ossulton Way, London	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	2	Flat
£2,000	06/24	0.39 mi	Ossulton Way London N2	2	Flat
£2,002	05/24	0.39 mi	Ossulton Way, Hampstead Garden Suburb, N2	2	Flat
£2,002	05/24	0.4 mi	Ossulton Way, Hampstead Garden Suburb N2	2	Flat
£2,000	05/24	0.4 mi	Ossulton Way, N2	2	Flat
£2,000	05/24	0.4 mi	Hampstead Garden Suburb	2	Flat
£2,000	05/24	0.4 mi	Ossulton Way, London, N2	2	Flat
£2,000	05/24	0.4 mi	Ossulton Way, East Finchley, London, N2	2	Flat
£1,998	05/24	0.4 mi	Ossulton Way, Hampstead Garden Suburb, N2	2	Flat
£2,000	02/24	0.41 mi	-	2	Semi-Detached House
£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
£2,050	07/24	0.42 mi	-	2	Flat
£1,950	05/24	0.42 mi	Denison Close London N2	2	Flat
£1,950	05/24	0.42 mi	Denison Close, Hampstead Garden Suburb, N2	2	Flat
£1,800	07/24	0.43 mi	East End Road, East Finchley, N2	2	Flat
£1,850	05/24	0.43 mi	Ossulton Way, East Finchley, London, N2	2	Flat
£1,452	02/24	0.45 mi	Sherwood Hall, East End Road, London, N2	2	Flat
£1,625	02/24	0.45 mi	Sherwood Hall, East End Road, London, N2	2	Flat
£1,582	02/24	0.45 mi	Sherwood Hall, East End Road, London, N2	2	Flat
£2,000	06/24	0.46 mi	East End Road East Finchley N2	2	Flat
£2,285	12/24	0.46 mi	-	2	Flat
£1,700	06/24	0.47 mi	East End Road, East Finchley, London	2	Flat

Local Area Statistics

Population in NW11	32,57132,571
Population in London	4,771,9214,771,921
Town centre distance	5.13 miles away5.13 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.73 miles away0.73 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 £325,000

October 17, 2024

Floor Plans

Description

2 Double bedrooms +
Bathroom +
Double Reception Room +
EASY ACCESS TO PLAYING FIELDS AND OPEN GREEN SPACES +
Kitchen +
LOCATED IN HAMPSTEAD GARDEN SUBURB +
Private South Facing Balcony +
SHOPS AND TRANSPORT ARE ON THE DOORSTEP +

A spacious and bright, first floor apartment situated in this popular location within Hampstead Garden Suburb. The property is well proportioned with good sized rooms and a south facing balcony to the rear. Although requiring updating the layout offers ample potential to create a comfortable and attractive home. The amenities of Market Place are literally on the doorstep with East Finchley tube and shops approx. 1 mile away. The open spaces of Lyttelton Playing Fields and Northway Gardens are moments away as are the ample bus routes along the A1.

Agent Details

Heathgate, London

020 3907 3584

Next Steps?

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

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CashflowsOpen in Analyser

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Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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