2 Bed Flat, Refurb/BRRR, London, NW4 2DN, £200,000

Upper Fosters, New Brent Street, London, NW4 2DN - 5 months ago

Sold STC
Leasehold
Cash
Refurb/BRRR
ROI: 5%
~60 m²
+4 photos

ValuationUndervalued

Sold Prices£225K - £1.3M
Sold Prices/m²£3.4K/m² - £9.2K/m²

 

 

Square Metres

~60.49 m²
Price/m²£3.3K/m²

Value Estimate

£206,000
BMV3%

 

 

End Value (After Refurb)

£393,185

Uplift in Value

+97%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£32,001

Bridging Loan Interest

£5,250

Total Cash In

£101,701

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£393,185

Agent Fees (1%)

£3,932

Bridging Loan

£150,000

Bridging Loan Interest

£5,250

Flip Profit

£137,552

Local Sold Prices

50 sold prices from £225K to £1.3M, average is £375K. £3.4K/m² to £9.2K/m², average is £5.8K/m².

PriceDateDistanceAddressBeds 
£225K09/230.02 miFlat 88, Upper Fosters, New Brent Street, London, Greater London NW4 2DN2
£310K01/210.1 miFlat 12, Sentinel House, Sentinel Square, London, Greater London NW4 2EN2
£260K12/230.14 mi15, St Peters Court, London, Greater London NW4 2HG2
£420K12/230.15 miBurnham Court, Flat 3, Brent Street, London, Greater London NW4 2RE2
£924K12/200.26 mi65, Green Lane, London, Greater London NW4 2AG2
£905K07/230.27 miFlat 13, Ambassador Court, Century Close, London, Greater London NW4 2EE2
£900K07/230.27 miFlat 27, Ambassador Court, Century Close, London, Greater London NW4 2EE2
£325K12/200.28 miFlat 21, Golderton, Prince Of Wales Close, London, Greater London NW4 4QZ2
£340K04/230.3 miFlat 22, Golderton, Prince Of Wales Close, London, Greater London NW4 4QZ2
£315K05/210.32 mi11a, Albert Road, London, Greater London NW4 2SH2
£340K12/220.33 miFlat 54, Parade Mansions, Watford Way, London, Greater London NW4 3JJ2
£330K12/220.35 miFlat 30, Park Mansions, Vivian Avenue, London, Greater London NW4 3UU2
£407.5K02/210.35 miFlat 3, Pembroke Hall, Mulberry Close, London, Greater London NW4 1QW2
£225K11/200.35 miFlat 4, Hendon House, Brent Street, London, Greater London NW4 2NR2
£435K03/210.35 miFlat 2, Hendon House, Brent Street, London, Greater London NW4 2NR2
£390K03/210.37 miFlat 4, Thurlby Croft, Mulberry Close, London, Greater London NW4 1QP2
£500K06/210.4 miFlat 4, Brentwood Lodge, Holmdale Gardens, London, Greater London NW4 2LY2
£260K09/230.4 miFlat 11, Kennyland Court, Hendon Way, London, Greater London NW4 3LU2
£375K06/230.41 miFlat 39, Danescroft, Brent Street, London, Greater London NW4 2QH2
£400K01/230.41 miFlat 37, Danescroft, Brent Street, London, Greater London NW4 2QH2
£345K08/230.41 mi224a, Hendon Way, London, Greater London NW4 3NE2
£500K06/210.46 mi7, Boyne Avenue, London, Greater London NW4 2JL2
£470K02/210.48 miFlat 19, Edinburgh House, Tenterden Grove, London, Greater London NW4 1TL2
£372.5K12/230.48 mi25, Woodburn Close, London, Greater London NW4 2NF2
£507.5K11/230.49 miFlat 24, The Brookdales, Bridge Lane, London, Greater London NW11 9JU2
£561.5K02/210.49 miFlat 34, The Brookdales, Bridge Lane, London, Greater London NW11 9JU2
£455K02/210.5 mi69, Sunny Gardens Road, London, Greater London NW4 1SJ2
£400K04/210.54 mi159b, Park Road, London, Greater London NW4 3TH2
£416K12/220.54 mi140, Park Road, London, Greater London NW4 3TL2
£290K05/210.61 miFlat 1, Westchester Court, Westchester Drive, London, Greater London NW4 1RB2
£370K11/200.61 miFlat 4, Westchester Court, Westchester Drive, London, Greater London NW4 1RB2
£402.5K03/230.61 miFlat 21, Westchester Court, Westchester Drive, London, Greater London NW4 1RB2
£615K04/240.61 miDolphin Court, Flat 26, Woodlands, London, Greater London NW11 9QY2
£575K01/210.61 miFlat 28, Dolphin Court, Woodlands, London, Greater London NW11 9QY2
£600K04/210.62 miFlat 18, Dolphin Court, Woodlands, London, Greater London NW11 9QY2
£430K03/230.63 mi52a, Sunny Gardens Road, London, Greater London NW4 1RY2
£265K10/200.67 miFlat 43, Grove House, Waverley Grove, London, Greater London N3 3PU2
£297K11/200.67 mi60, Edgeworth Close, London, Greater London NW4 4HN2
£335K06/210.67 mi9a, Selborne Gardens, London, Greater London NW4 4SH2
£325K01/210.69 mi47, Edgeworth Close, London, Greater London NW4 4HN2
£300K12/220.69 miFlat 10, Oakfield Court, Hendon Way, London, Greater London NW2 1JR2
£320K12/200.7 miFlat 9, Claydon House, Holders Hill Road, London, Greater London NW4 1LS2
£390K01/210.7 miFlat 32, Claydon House, Holders Hill Road, London, Greater London NW4 1LS2
£345K10/230.7 miFlat 26, Claydon House, Holders Hill Road, London, Greater London NW4 1LS2
£375K03/210.7 miFlat 33, Claydon House, Holders Hill Road, London, Greater London NW4 1LS2
£350K02/210.73 mi4c, Sunningfields Crescent, London, Greater London NW4 4RD2
£360K01/210.74 mi35, Malcolm Crescent, London, Greater London NW4 4PL2
£347K12/220.74 mi26, Malcolm Crescent, London, Greater London NW4 4PL2
£1.3M03/210.75 mi92, Bridge Lane, London, Greater London NW11 0EL2
£635K06/210.77 miFlat 18, Windsor Court, Golders Green Road, London, Greater London NW11 9PP2

Local Rents

50 rents from £1.5K/mo to £4K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,85007/240.06 miFoster Street, Hendon, NW4 2AB2
£1,85006/240.06 miFoster Street, Hendon, NW4 2AB2
£1,95006/240.08 miBrent Street, Hendon, NW42
£1,85007/240.09 miLangley Court, Raleigh Close, Hendon, NW42
£1,95008/240.09 miLangley Court, Raleigh Close, Hendon, NW42
£1,70006/240.1 miSentinel Square, London, NW42
£1,70012/240.1 mi-2
£1,50003/250.1 mi-2
£2,20003/250.11 mi-2
£1,95009/240.12 miCrest Court, The Crest NW42
£2,00006/240.15 miVictoria Road, Hendon, NW42
£2,00008/240.15 miCurve Court, Hendon2
£1,70006/240.15 miBrent Street London NW42
£1,70006/240.15 miBurnham Court, Brent Street, Hendon, NW42
£1,70006/240.15 miBrent Street London NW42
£1,60006/240.15 miBurnham Court, Brent Street, Hendon, NW42
£1,85006/240.17 miRaffles House, Brampton Grove, London, NW42
£1,70007/240.17 miBelle Vue Estate, Hendon, London, NW42
£1,70007/240.17 miBelle Vue Estate, Hendon, London, NW42
£2,30007/240.19 miGolders Rise, Hendon, NW42
£2,30008/240.2 miGolders Rise, London, NW42
£3,00006/240.21 miBrent Street, Hendon, NW42
£1,55007/240.21 miRavenshurst Avenue, Hendon2
£1,90008/240.21 mi-2
£1,65003/250.23 mi-2
£2,23206/240.23 miBell Lane, Hendon, NW42
£2,49206/240.23 miBell Lane, Hendon, NW42
£2,50006/240.23 miFinchley Lane, Hendon, London2
£2,40008/240.23 miFinchley Lane, Hendon, London2
£2,30008/240.23 miFinchley Lane, Hendon, London2
£2,25008/240.23 miFirst Avenue, Hendon, London2
£2,25007/240.24 miFinchley Lane, Hendon, London2
£1,74607/240.24 miEgerton Gardens, Hendon NW42
£2,25007/240.24 miBrightview Court, Finchley Lane, Hendon, NW42
£2,25007/240.24 miFinchley Lane, Hendon, NW42
£2,25008/240.24 miBrightview Court, Finchley Lane, Hendon NW42
£1,75008/240.24 miTudor Mansions, Church Road, London, NW42
£1,95007/240.24 miHendon Park Mansions, London, NW42
£1,95007/240.24 mi-2
£1,80001/250.24 mi-2
£1,65011/240.25 mi-2
£1,90006/240.25 miFinchley Lane, London, NW42
£1,90008/240.25 miFinchley Lane, London, NW42
£1,90008/240.25 mi-2
£1,95004/250.25 mi-2
£1,61706/240.25 mi-2
£1,60007/240.25 mi-2
£4,00006/240.26 mi-2
£3,90006/240.26 miWykeham Road, London2
£2,10002/250.26 mi-2

Local Area Statistics

Population in NW4

31,745

Population in London

4,771,921

Town centre distance

6.40 miles away

Nearest school

0.10 miles away

Nearest train station

0.29 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Buyer's market

Capital growth (5yrs)

+8%

Property History

Price changed to £200,000

March 16, 2025

Listed for £225,000

October 25, 2024

Floor Plans

Description

  • CHAIN FREE +
  • BALCONY +
  • SPACIOUS FLAT +
  • PARKING FOR RESIDENT +
  • GROUND RENT £10.00 +

CASH BUYERS ONLY- NOT MORTGAGEABLE! This spacious two-bedroom apartment offers an excellent opportunity for first-time buyers or investors. In need of modernisation, the property provides a blank canvas to design your ideal living space. Located on the 8th floor of a high-rise building with lift access, the property benefits from a balcony, and a chain-free sale.
Situated in the heart of Hendon Central, the apartment is just moments away from the Northern Line, offering superb transport links into Central London. Local amenities are all within easy reach.
With its prime location and potential for improvement, this apartment is perfect for those looking to create a personalised home or secure a solid investment. An internal viewing is advised.

Agent Details

Winkworth, Hendon

020 8202 1031

Next Steps?

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