2 Bed Flat, Single Let, London, NW7 2BF, £550,000

Bunns Lane, London, NW7 2BF - 6 months ago

Sold STC

BTL

~102 m²

+9 photos

ValuationUndervalued

Sold Prices	£180K - £675K
Sold Prices/m²	£3.5K/m² - £9K/m²

Square Metres	~102 m²
Price/m²	£5.4K/m²
Value Estimate	£569,590£569,590
BMV	4%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£137,500£137,500
Stamp Duty & Legal Fees	£46,200£46,200
Total Cash In	£183,700£183,700

Cash Out
Rent Range	£1,450 - £2,400£1,450 - £2,400
Rent Estimate	£1,500
Running Costs/mo	£2,039£2,039
Cashflow/mo	£-539£-539
Cashflow/yr	£-6,465£-6,465
Gross Yield	3%3%

Local Sold Prices

44 sold prices from £180K to £675K, average is £350K. £3.5K/m² to £9K/m², average is £5.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£390K	04/23	0.14 mi	Flat 1, Sunrise View, The Rise, London, Greater London NW7 2LL	-	-	2	Flat
£568.5K	11/23	0.2 mi	5, Woodland Way, London, Greater London NW7 2JP	£7,383	77	2	Flat
£435K	11/21	0.25 mi	1, Bloomsbury Close, London, Greater London NW7 2DT	£7,373	59	2	Flat
£295K	12/20	0.32 mi	40, Rowlands Close, London, Greater London NW7 2DN	£4,836	61	2	Flat
£344K	03/21	0.32 mi	68, Rowlands Close, London, Greater London NW7 2DN	£5,733	60	2	Flat
£344K	01/21	0.32 mi	61, Rowlands Close, London, Greater London NW7 2DN	£5,642	61	2	Flat
£295K	08/23	0.32 mi	41, Rowlands Close, London, Greater London NW7 2DN	£5,000	59	2	Flat
£340K	12/20	0.34 mi	3, Storksmead Road, Edgware, Greater London HA8 0JW	£4,146	82	2	Flat
£382K	01/21	0.4 mi	10a, Langley Park, London, Greater London NW7 2AA	£6,714	57	2	Flat
£335K	12/20	0.43 mi	Flat 1, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£335K	12/20	0.43 mi	Flat 1, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£350K	01/21	0.43 mi	Flat 8, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£470K	06/21	0.44 mi	85a, The Broadway, London, Greater London NW7 3TG	£4,653	101	2	Flat
£356.3K	06/21	0.45 mi	Flat 1, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£365K	09/23	0.46 mi	Flat 14, Holland Court, Page Street, London, Greater London NW7 2DJ	-	-	2	Flat
£350K	01/21	0.46 mi	Flat 8, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£385K	06/21	0.49 mi	Flat 23, Page Court, Page Street, London, Greater London NW7 2DY	-	-	2	Flat
£400K	09/21	0.49 mi	Flat 3, Ashburnham Court, Daws Lane, London, Greater London NW7 4SH	-	-	2	Flat
£350K	12/20	0.49 mi	Flat 3, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£434K	08/23	0.5 mi	Flat 1, Byron Court, Byron Road, London, Greater London NW7 4AG	-	-	2	Flat
£510K	08/23	0.51 mi	4, Tithe Close, London, Greater London NW7 2QD	£7,712	66	2	Flat
£285K	06/21	0.53 mi	303, Watling Avenue, Edgware, Greater London HA8 0ND	£5,377	53	2	Flat
£275.5K	10/21	0.53 mi	293, Watling Avenue, Edgware, Greater London HA8 0ND	£4,373	63	2	Flat
£675K	03/21	0.57 mi	23, Hale Grove Gardens, London, Greater London NW7 3LR	£6,193	109	2	Flat
£420K	11/22	0.6 mi	42a, Tennyson Road, London, Greater London NW7 4AS	£5,526	76	2	Flat
£345K	04/21	0.76 mi	1a, Angus Gardens, London, Greater London NW9 5LG	£6,422	54	2	Flat
£365K	09/22	0.77 mi	Flat 6, Grosvenor Court, Hale Lane, London, Greater London NW7 3RY	-	-	2	Flat
£370K	06/21	0.8 mi	17, Belgrave Close, London, Greater London NW7 3QG	£6,549	57	2	Flat
£245K	03/21	0.83 mi	66, Hale Drive, London, Greater London NW7 3ED	-	-	2	Flat
£250K	05/21	0.83 mi	176, Deansbrook Road, Edgware, Greater London HA8 9DL	-	-	2	Flat
£554K	12/20	0.84 mi	4, Meridian Close, London, Greater London NW7 3TA	£5,276	105	2	Flat
£325K	12/22	0.85 mi	36, Colchester Road, Edgware, Greater London HA8 0RA	£5,804	56	2	Flat
£390K	09/22	0.85 mi	12a, Milespit Hill, London, Greater London NW7 2PL	£6,500	60	2	Flat
£180K	06/21	0.87 mi	133a, Hale Lane, Edgware, Greater London HA8 9QP	£3,462	52	2	Flat
£530K	11/21	0.87 mi	167, Hale Drive, London, Greater London NW7 3EH	£9,009	59	2	Flat
£360K	08/21	0.9 mi	29, Wheatley Close, London, Greater London NW4 4LG	£5,784	62	2	Flat
£318K	11/21	0.9 mi	38, Wheatley Close, London, Greater London NW4 4LG	£5,091	62	2	Flat
£322.5K	01/23	0.93 mi	101, Wheatley Close, London, Greater London NW4 4LF	£4,542	71	2	Flat
£250K	01/23	0.94 mi	Flat 8, Greendale, Green Avenue, London, Greater London NW7 4QA	-	-	2	Flat
£320K	05/21	0.94 mi	Flat 40, Northway Court, Green Avenue, London, Greater London NW7 4PY	-	-	2	Flat
£290K	08/23	0.96 mi	Flat 17, Curie Gardens, Pasteur Close, London, Greater London NW9 5JF	-	-	2	Flat
£289.5K	06/21	0.97 mi	Flat 6, Greendale, Green Avenue, London, Greater London NW7 4QA	-	-	2	Flat
£350K	11/21	0.98 mi	15, Littlefield Road, Edgware, Greater London HA8 0TA	£4,321	81	2	Flat
£355K	10/20	1 mi	175, Hale Lane, Edgware, Greater London HA8 9QN	£5,071	70	2	Flat

Local Rents

50 rents from £1.4K/mo to £2.4K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,950	02/25	0.07 mi	-	2	Flat
£1,750	07/24	0.15 mi	-	2	Terraced House
£1,750	07/24	0.15 mi	Rivington Crescent, London, NW7	2	Terraced House
£1,850	01/25	0.16 mi	-	2	Flat
£1,750	03/24	0.18 mi	Rivington Crescent, London, NW7	2	Terraced House
£1,700	06/24	0.2 mi	Rivington Crescent, NW7	2	Terraced House
£2,200	08/24	0.22 mi	81 Bunn's Lane,	2	Flat
£1,725	06/24	0.22 mi	Field Mead, Mill Hill, NW7	2	Terraced House
£1,850	01/25	0.23 mi	-	2	Flat
£2,300	06/24	0.23 mi	Woodland Way, Mill Hill, NW7	2	Flat
£2,200	06/24	0.23 mi	Woodland Way, Mill Hill, NW7	2	Flat
£1,850	08/24	0.24 mi	Corner Mead, London, NW9	2	Terraced House
£1,517	06/24	0.25 mi	Bloomsbury Close, Mill Hill NW7	2	Flat
£1,850	03/24	0.25 mi	Bloomsbury Close, Mill Hill, NW7	2	Flat
£1,800	08/24	0.25 mi	Bloomsbury Close, Mill Hill, NW7	2	Flat
£1,800	07/24	0.26 mi	Bloomsbury Close, Mill Hill, NW7	2	Flat
£2,100	06/24	0.27 mi	-	2	Flat
£2,000	06/24	0.27 mi	Murray House, London, NW7	2	Flat
£1,925	03/25	0.28 mi	-	2	Flat
£2,400	07/24	0.28 mi	Brancaster Drive, Mill Hill	2	Semi-Detached House
£1,998	08/24	0.31 mi	Marchant Close, Mill Hill, London, NW7	2	Flat
£1,998	07/24	0.31 mi	Marchant Close, Mill Hill, London, NW7	2	Flat
£2,250	10/24	0.32 mi	-	2	Flat
£1,750	03/25	0.32 mi	-	2	Flat
£1,750	04/25	0.32 mi	-	2	Flat
£1,850	06/24	0.33 mi	Rowlands Close, Mill Hill, NW7	2	Terraced House
£1,600	06/24	0.34 mi	Rowlands Close, Mill Hill	2	Flat
£1,500	06/24	0.34 mi	Bunns Lane, Mill Hill, NW7	2	Flat
£1,850	06/24	0.36 mi	Aylesham Close, MIll Hill, NW7	2	Terraced House
£1,850	06/24	0.36 mi	Rowlands Close, Mill Hill, NW7	2	Terraced House
£2,300	09/24	0.36 mi	-	2	Flat
£1,450	06/24	0.36 mi	The Broadway, Mill Hill, NW7	2	Flat
£1,500	09/24	0.36 mi	Station Road, Mill Hill, NW7	2	Flat
£1,950	04/24	0.37 mi	Deansbrook Road, Edgware, Middlesex, HA8	2	Terraced House
£2,350	07/24	0.37 mi	Coxwell Boulevard, London	2	Flat
£2,250	06/24	0.38 mi	Titan Court, 1 Flower Lane, Mill Hill, London, NW7	2	Flat
£1,850	07/24	0.38 mi	Burnham Close, Mill Hill, London, Greater London, NW7	2	Semi-Detached House
£1,950	06/24	0.38 mi	Burnham Close, Mill Hill, London, NW7	2	House
£2,300	06/24	0.38 mi	The Broadway, MILL HILL	2	House
£2,195	06/24	0.38 mi	The Broadway, MILL HILL	2	House
£2,195	07/24	0.38 mi	The Broadway, MILL HILL	2	House
£2,195	07/24	0.38 mi	The Broadway, MILL HILL	2	House
£2,195	07/24	0.38 mi	The Broadway, MILL HILL	2	House
£2,195	07/24	0.38 mi	The Broadway, MILL HILL	2	House
£2,195	07/24	0.38 mi	The Broadway, MILL HILL	2	House
£2,195	07/24	0.38 mi	The Broadway, MILL HILL	2	House
£2,100	07/24	0.38 mi	The Broadway, MILL HILL	2	House
£1,900	02/24	0.38 mi	-	2	Flat
£2,000	02/24	0.39 mi	-	2	Flat
£2,000	02/24	0.39 mi	-	2	Flat

Local Area Statistics

Population in NW7	25,13125,131
Population in London	4,771,9214,771,921
Town centre distance	8.16 miles away8.16 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.33 miles away0.33 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 £550,000

February 16, 2025

Listed for £585,000

October 21, 2024

Floor Plans

Description

2 Double bedrooms +
Semi open-plan kitchen/living/dining +
2 Bathrooms (1 en-suite) +
1st Floor apartment with lift +
Allocated underground parking +
Juliet balcony in main reception +
Video entry system & gated community +
Close to Thameslink +
Share of freehold 117 years remaining +
Service charge £3,600 pa +

Presented in great condition and measuring at approximately 1,100 sqft is this purpose built two bedroom, two bathroom apartment being offered to the market with no upper chain.

The Owners Love
"The location is so convenient with an easy walk to the high street as well as the Thameslink"
"The flat is so bright with so much natural light coming through"
"The neighbours are fabulous and we have our own little community here"

We've Noticed
There is your own parking space which is secured behind a gated access and its underground as well so protected by all weathers.
If let out, you can expect to achieve in the region of £30,000 pa giving you a yield of just over 5% pa.

Agent Details

Martyn Gerrard, Mill Hill

020 3870 3396

Next Steps?

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

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