2 Bed Terraced House, Planning Permission, London, NW4 2RX, £600,000

Alexandra Road, Hendon, London, NW4 2RX - 5 months ago

Planning

~68 m²

+7 photos

ValuationOvervalued

Sold Prices	£285K - £2.9M
Sold Prices/m²	£6.2K/m² - £12.1K/m²

Square Metres	~68.11 m²
Price/m²	£8.8K/m²
Value Estimate	£583,142£583,142

End Value (After Refurb)	£638,250£638,250
Uplift in Value	+6%+6%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£150,000£150,000
Stamp Duty & Legal Fees	£51,200£51,200
Refurb Costs	£36,033£36,033
Bridging Loan Interest	£15,750£15,750
Total Cash In	£254,733£254,733

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£638,250£638,250
Mortgage (After Refinance)	£478,688£478,688
Mortgage LTV	75%75%
Cash Released	£28,688£28,688
Cash Left In	£226,045£226,045
Equity	£159,563£159,563
Rent Range	£1,550 - £3,300£1,550 - £3,300
Rent Estimate	£2,028
Running Costs/mo	£2,420£2,420
Cashflow/mo	£-392£-392
Cashflow/yr	£-4,706£-4,706
Gross Yield	4%4%

Local Sold Prices

27 sold prices from £285K to £2.9M, average is £675K. £6.2K/m² to £12.1K/m², average is £8.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£540K	11/20	0.08 mi	18, Alexandra Road, London, Greater London NW4 2SA	£6,667	81	2	Semi-Detached House
£725K	11/23	0.08 mi	18, Alexandra Road, London, Greater London NW4 2SA	£8,951	81	2	Semi-Detached House
£812.5K	03/21	0.27 mi	1, Glebe Crescent, London, Greater London NW4 1BT	£6,500	125	2	Semi-Detached House
£535K	12/23	0.31 mi	9, Florence Street, London, Greater London NW4 1QG	£6,524	82	2	Terraced House
£557.5K	04/24	0.35 mi	28, Ravenshurst Avenue, London, Greater London NW4 4EG	-	-	2	Semi-Detached House
£426.6K	08/23	0.38 mi	22, Ravenshurst Avenue, London, Greater London NW4 4EE	£7,373	58	2	Semi-Detached House
£2.9M	08/22	0.56 mi	14, Brampton Grove, London, Greater London NW4 4AG	-	-	2	Detached House
£285K	09/22	0.59 mi	12, Linksway, London, Greater London NW4 1JR	-	-	2	Terraced House
£1.2M	03/22	0.61 mi	20, Hurstwood Road, London, Greater London NW11 0AT	£6,200	200	2	Terraced House
£575K	08/22	0.61 mi	77, The Burroughs, London, Greater London NW4 4AX	£8,582	67	2	Terraced House
£500K	11/20	0.71 mi	3, Heton Gardens, London, Greater London NW4 4XS	£7,353	68	2	Semi-Detached House
£517.5K	11/20	0.74 mi	4, Heton Gardens, London, Greater London NW4 4XS	£7,188	72	2	Semi-Detached House
£675K	02/23	0.74 mi	7, Creswick Walk, London, Greater London NW11 6AN	£8,562	79	2	Terraced House
£675K	02/23	0.74 mi	7, Creswick Walk, London, Greater London NW11 6AN	£8,562	79	2	Terraced House
£800K	08/21	0.74 mi	15, Creswick Walk, London, Greater London NW11 6AN	£10,959	73	2	Terraced House
£550K	09/22	0.77 mi	16, Heton Gardens, London, Greater London NW4 4XS	£7,857	70	2	Semi-Detached House
£650K	10/20	0.79 mi	155, Willifield Way, London, Greater London NW11 6XY	£10,484	62	2	Terraced House
£706K	04/24	0.81 mi	31, Asmuns Place, London, Greater London NW11 7XE	£10,475	67	2	Semi-Detached House
£750K	09/23	0.83 mi	9, Wordsworth Walk, London, Greater London NW11 6AU	-	-	2	Terraced House
£660K	08/23	0.83 mi	4, Wordsworth Walk, London, Greater London NW11 6AU	£10,271	64	2	Terraced House
£785K	09/22	0.86 mi	34, Addison Way, London, Greater London NW11 6AS	-	-	2	Semi-Detached House
£825K	09/21	0.88 mi	154, Hampstead Way, London, Greater London NW11 7XD	£9,612	86	2	Semi-Detached House
£770K	04/22	0.93 mi	44, Asmuns Hill, London, Greater London NW11 6EU	-	-	2	Terraced House
£880K	11/20	0.95 mi	93, Willifield Way, London, Greater London NW11 6YH	£10,732	82	2	Semi-Detached House
£895K	10/22	0.95 mi	109, Willifield Way, London, Greater London NW11 6YH	£12,095	74	2	Semi-Detached House
£715K	06/21	0.98 mi	23, Temple Fortune Hill, London, Greater London NW11 7XL	£10,362	69	2	Terraced House
£495K	03/21	1 mi	22, Daniel Place, London, Greater London NW4 3PG	£6,346	78	2	Semi-Detached House

Local Rents

50 rents from £1.6K/mo to £3.3K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,795	02/24	0.03 mi	-	2	Flat
£2,000	10/24	0.03 mi	-	2	Flat
£1,950	06/24	0.05 mi	-	2	Flat
£1,995	03/24	0.07 mi	Alexandra Road, London, NW4	2	Flat
£2,100	02/25	0.07 mi	-	2	Flat
£1,925	04/25	0.07 mi	-	2	Flat
£1,950	02/25	0.07 mi	-	2	Flat
£2,250	08/24	0.08 mi	-	2	Flat
£1,875	11/24	0.08 mi	-	2	Flat
£1,550	02/24	0.09 mi	-	2	Flat
£1,898	04/25	0.09 mi	-	2	Flat
£1,550	04/25	0.09 mi	-	2	Flat
£1,650	03/25	0.1 mi	-	2	Flat
£1,850	06/24	0.1 mi	Celadon Court, London NW4	2	Flat
£2,250	06/24	0.1 mi	Celadon Court, London NW4	2	Flat
£1,650	07/24	0.1 mi	Finchley Lane, London, NW4	2	Flat
£1,650	08/24	0.1 mi	Finchley Lane, London, NW4	2	Flat
£1,650	08/24	0.1 mi	-	2	Flat
£1,650	08/24	0.1 mi	-	2	Flat
£1,650	08/24	0.1 mi	-	2	Flat
£1,650	08/24	0.1 mi	-	2	Flat
£1,695	03/25	0.1 mi	-	2	Flat
£2,500	08/24	0.11 mi	-	2	Flat
£1,900	08/24	0.12 mi	-	2	Flat
£1,650	06/24	0.12 mi	-	2	Flat
£1,975	06/24	0.12 mi	-	2	Flat
£2,232	06/24	0.13 mi	Bell Lane, Hendon, NW4	2	Flat
£2,492	06/24	0.13 mi	Bell Lane, Hendon, NW4	2	Flat
£1,700	07/24	0.14 mi	Belle Vue Estate, Hendon, London, NW4	2	Flat
£1,700	07/24	0.14 mi	Belle Vue Estate, Hendon, London, NW4	2	Flat
£1,950	02/25	0.14 mi	-	2	Flat
£1,950	03/25	0.15 mi	-	2	Flat
£1,900	08/24	0.15 mi	-	2	Flat
£1,900	06/24	0.15 mi	Finchley Lane, London, NW4	2	Flat
£1,900	08/24	0.15 mi	Finchley Lane, London, NW4	2	Flat
£2,250	07/24	0.16 mi	Brightview Court, Finchley Lane, Hendon, NW4	2	Flat
£2,250	07/24	0.16 mi	Finchley Lane, Hendon, NW4	2	Flat
£2,250	08/24	0.16 mi	Brightview Court, Finchley Lane, Hendon NW4	2	Flat
£2,401	06/24	0.16 mi	Venus Court, Bell Lane, NW4 2AE	2	Flat
£2,353	06/24	0.16 mi	Venus Court, Bell Lane, NW4 2AE	2	Flat
£2,401	06/24	0.16 mi	Venus Court, Bell Lane, NW4 2AE	2	Flat
£2,401	06/24	0.16 mi	Venus Court, Bell Lane, NW4 2AE	2	Flat
£2,400	06/24	0.16 mi	Venus Court, Bell Lane, NW4 2AE	2	Flat
£3,300	06/24	0.17 mi	Tenterden Grove, Hendon, NW4	2	Flat
£2,500	06/24	0.17 mi	Finchley Lane, Hendon, London	2	Flat
£2,400	08/24	0.17 mi	Finchley Lane, Hendon, London	2	Flat
£2,300	08/24	0.17 mi	Finchley Lane, Hendon, London	2	Flat
£2,250	08/24	0.17 mi	First Avenue, Hendon, London	2	Flat
£2,000	06/24	0.18 mi	Victoria Road, Hendon, NW4	2	Flat
£2,000	08/24	0.18 mi	Curve Court, Hendon	2	Flat

Local Area Statistics

Population in NW4	31,74531,745
Population in London	4,771,9214,771,921
Town centre distance	6.32 miles away6.32 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.60 miles away0.60 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+15%+15%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+8%+8%

Property History

Price changed to £600,000

February 28, 2025

Listed for £649,000

November 18, 2024

Floor Plans

Description

Chain Free +
Huge scope for development STPP +
2 Bedrooms +
Lounge +
Dining Room +
Separate Kitchen +
Garden +
Barnet Council Tax Band D +

CHAIN FREE property located on Alexandra Road in Hendon. This mid-terrace house boasts two reception rooms, two double bedrooms, and a well-appointed bathroom, offering a comfortable living space spread across 861 sq ft.

Although it requires complete refurbishment, this property offers a fantastic opportunity for those looking to create their dream home.

Situated in a great location, this chain-free 2-bedroom terrace provides ample space for extension, subject to planning permission. With its prime position in Hendon, this property is ideal for those seeking a project to transform into a beautiful and spacious residence.

Don't miss the opportunity to make this property your own - book a viewing today with Squires Estates.

Agent Details

Squires Estates, Hendon

020 3889 9107

Next Steps?

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

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