2 Bed Flat, Single Let, London, NW7 3QG, £375,000

16 Belgrave Close, London, Greater London, NW7 3QG - 4 views - 5 months ago

Sold STC

Leasehold

BTL

ROI: 1%

57 m²

+12 photos

ValuationOvervalued

Sold Prices	£180K - £675K
Sold Prices/m²	£3K/m² - £9K/m²

Square Metres	57 m²
Price/m²	£6.6K/m²
Value Estimate	£303,493£303,493

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£93,750£93,750
Stamp Duty & Legal Fees	£18,700£18,700
Total Cash In	£112,450£112,450

Cash Out
Rent Range	£1,450 - £3,650£1,450 - £3,650
Rent Estimate	£1,619
Running Costs/mo	£1,516£1,516
Cashflow/mo	£103£103
Cashflow/yr	£1,240£1,240
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £180K to £675K, average is £348.5K. £3K/m² to £9K/m², average is £5.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£370K	06/21	0 mi	17, Belgrave Close, London, Greater London NW7 3QG	£6,549	57	2	Flat
£365K	09/22	0.07 mi	Flat 6, Grosvenor Court, Hale Lane, London, Greater London NW7 3RY	-	-	2	Flat
£180K	06/21	0.09 mi	133a, Hale Lane, Edgware, Greater London HA8 9QP	£3,462	52	2	Flat
£355K	10/20	0.2 mi	175, Hale Lane, Edgware, Greater London HA8 9QN	£5,071	70	2	Flat
£245K	03/21	0.23 mi	66, Hale Drive, London, Greater London NW7 3ED	-	-	2	Flat
£530K	11/21	0.28 mi	167, Hale Drive, London, Greater London NW7 3EH	£9,009	59	2	Flat
£675K	03/21	0.29 mi	23, Hale Grove Gardens, London, Greater London NW7 3LR	£6,193	109	2	Flat
£554K	12/20	0.3 mi	4, Meridian Close, London, Greater London NW7 3TA	£5,276	105	2	Flat
£382K	01/21	0.41 mi	10a, Langley Park, London, Greater London NW7 2AA	£6,714	57	2	Flat
£250K	05/21	0.45 mi	176, Deansbrook Road, Edgware, Greater London HA8 9DL	-	-	2	Flat
£410K	04/21	0.49 mi	26, Priory Field Drive, Edgware, Greater London HA8 9PU	-	-	2	Flat
£400K	01/21	0.49 mi	18, Priory Field Drive, Edgware, Greater London HA8 9PU	£5,063	79	2	Flat
£320K	05/21	0.49 mi	Flat 40, Northway Court, Green Avenue, London, Greater London NW7 4PY	-	-	2	Flat
£250K	01/23	0.52 mi	Flat 8, Greendale, Green Avenue, London, Greater London NW7 4QA	-	-	2	Flat
£289.5K	06/21	0.54 mi	Flat 6, Greendale, Green Avenue, London, Greater London NW7 4QA	-	-	2	Flat
£340K	01/23	0.54 mi	Flat 10, Dean Court, Brook Avenue, Edgware, Greater London HA8 9XB	-	-	2	Flat
£318.2K	08/21	0.54 mi	Flat 1, Dean Court, Brook Avenue, Edgware, Greater London HA8 9XB	-	-	2	Flat
£470K	06/21	0.59 mi	85a, The Broadway, London, Greater London NW7 3TG	£4,653	101	2	Flat
£600K	02/21	0.6 mi	10, Brook Avenue, Edgware, Greater London HA8 9XF	-	-	2	Flat
£568.5K	11/23	0.62 mi	5, Woodland Way, London, Greater London NW7 2JP	£7,383	77	2	Flat
£285K	06/21	0.62 mi	303, Watling Avenue, Edgware, Greater London HA8 0ND	£5,377	53	2	Flat
£275.5K	10/21	0.62 mi	293, Watling Avenue, Edgware, Greater London HA8 0ND	£4,373	63	2	Flat
£340K	12/20	0.64 mi	3, Storksmead Road, Edgware, Greater London HA8 0JW	£4,146	82	2	Flat
£343.5K	12/20	0.66 mi	36, Westmere Drive, London, Greater London NW7 3HE	£5,367	64	2	Flat
£376K	06/23	0.66 mi	38, Westmere Drive, London, Greater London NW7 3HE	-	-	2	Flat
£347K	03/21	0.66 mi	30, Westmere Drive, London, Greater London NW7 3HE	£5,881	59	2	Flat
£388K	07/23	0.67 mi	52, Fairfield Crescent, Edgware, Greater London HA8 9AH	£6,707	58	2	Flat
£365K	09/23	0.67 mi	4, Harcourt Avenue, Edgware, Greater London HA8 8YN	£5,530	66	2	Flat
£380K	03/23	0.69 mi	3, Drive Court, Edgware, Greater London HA8 8PP	£5,846	65	2	Flat
£347K	06/21	0.7 mi	47, Westmere Drive, London, Greater London NW7 3HG	-	-	2	Flat
£340K	04/21	0.7 mi	37, Westmere Drive, London, Greater London NW7 3HG	£5,152	66	2	Flat
£387K	03/23	0.7 mi	13, Westmere Drive, London, Greater London NW7 3HG	£6,047	64	2	Flat
£345K	12/22	0.7 mi	11, Westmere Drive, London, Greater London NW7 3HG	£5,074	68	2	Flat
£200K	09/21	0.72 mi	9, North Dene, London, Greater London NW7 3AT	£2,994	67	2	Flat
£325K	12/22	0.72 mi	36, Colchester Road, Edgware, Greater London HA8 0RA	£5,804	56	2	Flat
£325K	03/21	0.72 mi	24, Laleham Avenue, London, Greater London NW7 3HL	£4,779	68	2	Flat
£375K	12/22	0.73 mi	56, Laleham Avenue, London, Greater London NW7 3HL	£5,282	71	2	Flat
£350K	01/21	0.73 mi	Flat 8, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£197.1K	03/21	0.74 mi	Loft Space Above, 129, Station Road, Edgware, Greater London HA8 7JG	-	-	2	Flat
£355K	03/21	0.74 mi	53, Laleham Avenue, London, Greater London NW7 3HN	-	-	2	Flat
£350K	06/21	0.75 mi	39, Laleham Avenue, London, Greater London NW7 3HN	£5,556	63	2	Flat
£312.5K	02/21	0.76 mi	58, Fernside Avenue, London, Greater London NW7 3AR	£4,883	64	2	Flat
£335K	12/20	0.76 mi	Flat 1, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£335K	12/20	0.76 mi	Flat 1, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£350K	01/21	0.76 mi	Flat 8, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£356.3K	06/21	0.77 mi	Flat 1, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£340K	09/22	0.78 mi	118, The Fairway, London, Greater London NW7 3HR	£5,152	66	2	Flat
£289.8K	01/23	0.78 mi	21, Heronsgate, Edgware, Greater London HA8 7LD	£4,325	67	2	Flat
£365K	02/23	0.79 mi	50, The Fairway, London, Greater London NW7 3HP	£6,083	60	2	Flat
£350K	11/21	0.8 mi	15, Littlefield Road, Edgware, Greater London HA8 0TA	£4,321	81	2	Flat

Local Rents

54 rents from £1.4K/mo to £3.6K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,700	08/24	0 mi	Belgrave Close, Mill Hill, NW7	2	Flat
£3,200	03/24	0.02 mi	Grenville Place, NW7	2	Flat
£3,000	08/24	0.03 mi	Grenville Place, Mill Hill, London, NW7	2	Flat
£3,000	08/24	0.03 mi	Grenville Place, Mill Hill, London, NW7	2	Flat
£3,200	10/24	0.05 mi	-	2	Flat
£3,200	08/24	0.05 mi	Lofts Grenville Place, London, NW7	2	Flat
£1,900	06/24	0.06 mi	Grenville Place, London, NW7 3SF	2	Semi-Detached House
£1,900	07/24	0.06 mi	Grenville Place, London, NW7 3SF	2	Semi-Detached House
£1,850	03/25	0.07 mi	-	2	Flat
£1,500	02/24	0.1 mi	-	2	Flat
£1,500	02/24	0.1 mi	-	2	Flat
£1,500	02/24	0.1 mi	-	2	Flat
£1,600	10/24	0.1 mi	-	2	Flat
£1,850	07/24	0.1 mi	Sefton Avenue, Mill Hill, London, NW7	2	Flat
£1,850	08/24	0.1 mi	Sefton Avenue, Mill Hill, London, NW7	2	Flat
£1,750	09/24	0.14 mi	-	2	Flat
£3,650	02/25	0.16 mi	-	2	Flat
£1,700	04/24	0.16 mi	Hale Lane, Edgware, HA8	2	Flat
£1,825	06/24	0.16 mi	Linden Court, London, NW7	2	Flat
£1,800	10/24	0.29 mi	-	2	Flat
£1,800	12/24	0.31 mi	-	2	Terraced House
£1,850	02/25	0.34 mi	-	2	Flat
£1,850	02/25	0.34 mi	-	2	Flat
£1,700	02/25	0.34 mi	-	2	Flat
£1,750	12/24	0.35 mi	-	2	Flat
£2,000	01/25	0.36 mi	-	2	Flat
£1,712	07/24	0.37 mi	-	2	Flat
£2,300	04/24	0.39 mi	Highview Avenue, Edgware, HA8	2	Bungalow
£1,750	02/25	0.39 mi	-	2	Flat
£1,750	12/24	0.39 mi	-	2	Flat
£2,000	06/24	0.41 mi	Langley Park, Mill Hill	2	Flat
£1,800	07/24	0.41 mi	Millway, London, NW7	2	Semi-Detached House
£1,999	04/24	0.42 mi	Edgware- with Parking	2	Flat
£2,300	10/24	0.42 mi	-	2	Flat
£1,800	09/24	0.42 mi	-	2	Flat
£2,000	08/24	0.42 mi	-	2	Flat
£1,800	06/24	0.44 mi	-	2	Flat
£1,875	07/24	0.45 mi	-	2	Flat
£1,700	06/24	0.45 mi	Watford Way, London, NW7	2	Flat
£2,300	09/24	0.46 mi	-	2	Flat
£1,900	02/24	0.47 mi	-	2	Flat
£2,200	04/25	0.47 mi	-	2	Terraced House
£1,450	06/24	0.48 mi	The Broadway, Mill Hill, NW7	2	Flat
£1,500	09/24	0.48 mi	Station Road, Mill Hill, NW7	2	Flat
£2,300	09/24	0.49 mi	-	2	Flat
£1,950	04/24	0.5 mi	Deansbrook Road, Edgware, Middlesex, HA8	2	Terraced House
£1,998	07/24	0.5 mi	Marchant Close, Mill Hill, London, NW7	2	Flat
£1,998	08/24	0.5 mi	Marchant Close, Mill Hill, London, NW7	2	Flat
£1,850	06/24	0.51 mi	The Broadway, London, NW7	2	Flat
£1,850	08/24	0.51 mi	The Broadway, London, NW7	2	Flat
£1,650	09/24	0.52 mi	-	2	Flat
£1,825	04/24	0.52 mi	-	2	Flat
£1,780	08/24	0.52 mi	Green Avenue, London, NW7	2	Flat
£1,760	08/24	0.52 mi	Green Avenue, London, NW7	2	Flat

Local Area Statistics

Population in NW7	25,13125,131
Population in London	4,771,9214,771,921
Town centre distance	8.94 miles away8.94 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.50 miles away0.50 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

Listed for £375,000

November 7, 2024

Sold for £227,000

2004

Sold for £157,000

2001

Sold for £135,000

2000

Sold for £150,000

1999

Sold for £125,000

1998

Floor Plans

Description

Approximately 1/2 mile of Mill Hill Broadway +
Two double bedrooms +
Convenient cul-de-sac location +
Allocated parking space +
Close to local shops +
Popular modern development +
Use of communal gardens +
Video entry phone system +
Council Tax Band D +
Lease approximately 98 years remaining +

Well presented two double bedroom purpose built first floor flat situated in a popular modern development off Sefton Avenue, close to local shops & buses on Deans Lane, and approximately half a mile from Mill Hill Broadway's shops and Thameslink Station.

The property comprises a reception room, fitted kitchen, two double bedrooms and bathroom.

Benefits include gas central heating, video entry phone system, use of communal gardens and allocated parking space in residents' car park.

Our client advises us that the property is Leasehold with approximately 98 years remaining (125 years from 29/09/1998) with a ground rent of £300.00 per annum and a service charge of £1600.00 per annum.

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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