2 Bed Flat, Single Let, London, NW8 7JN, £650,000

Lorne Close, St John's Wood, NW8 7JN - 2 views - 4 months ago

Leasehold
BTL
ROI: 2%
~68 m²
+1 photos

ValuationUndervalued

Sold Prices£250K - £12.5M
Sold Prices/m²£7.9K/m² - £15.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£9.5K/m²

Value Estimate

£786,500
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£53,700

Total Cash In

£216,200

 

 

Cash Out

 

Rent Range

£2,850 - £6,283

Rent Estimate

£3,009

Running Costs/mo

£2,653

Cashflow/mo

£356

Cashflow/yr

£4,271

ROI

2%

Gross Yield

6%

Local Sold Prices

51 sold prices from £250K to £12.5M, average is £720K. £7.9K/m² to £15.5K/m², average is £12.7K/m².

PriceDateDistanceAddressBeds 
£1.1M08/210.06 miFlat 66, Abbey Lodge, Park Road, London, Greater London NW8 7RL2
£950K02/210.18 miFlat 118, Rossmore Court, Park Road, London, Greater London NW1 6XZ2
£638K03/230.18 miFlat 115, Rossmore Court, Park Road, London, Greater London NW1 6XZ2
£720K04/230.21 miFlat 20, Mordern House, Harewood Avenue, London, Greater London NW1 6NR2
£790K01/230.24 miFlat 106, Lords View, St Johns Wood Road, London, Greater London NW8 7HG2
£800K10/230.24 miFlat 98, Lords View, St Johns Wood Road, London, Greater London NW8 7HG2
£550K09/230.25 miFlat 16, Farnham House, Harewood Avenue, London, Greater London NW1 6NT2
£507.5K03/210.26 miFirst Floor Flat, 59, Balcombe Street, London, Greater London NW1 6HD2
£680K08/210.26 miFlat 25, Wimborne House, Harewood Avenue, London, Greater London NW1 6NU2
£467.5K10/230.26 miFlat 22, Wimborne House, Harewood Avenue, London, Greater London NW1 6NU2
£360K08/230.27 mi3d, Gateforth Street, London, Greater London NW8 8EH2
£475K01/210.32 miFlat 12, Cotes House, Ashbridge Street, London, Greater London NW8 8DG2
£250K03/230.32 miFlat 10, Cotes House, Ashbridge Street, London, Greater London NW8 8DG2
£675K10/230.32 mi3, Linhope Street, London, Greater London NW1 6ES2
£1.7M06/230.33 miPenthouse G, St. Johns Wood Court, St Johns Wood Road, London, Greater London NW8 8QT2
£835K01/240.33 miFlat 23, St Johns Wood Court, St Johns Wood Road, London, Greater London NW8 8QT2
£660K12/200.36 miFlat 6, Cosway Mansions, Shroton Street, London, Greater London NW1 6UE2
£685K01/210.38 miFlat 189, Clarence Gate Gardens, Glentworth Street, London, Greater London NW1 6AR2
£475K08/230.39 miFlat 20, Helsby Court, Pollitt Drive, London, Greater London NW8 8JQ2
£725K06/210.4 miFlat 4a, Grove End House, Grove End Road, London, Greater London NW8 9HP2
£600K03/230.4 miFlat 7b, Grove End House, Grove End Road, London, Greater London NW8 9HL2
£1.2M01/230.42 miFlat 36, Chalfont Court, Baker Street, London, Greater London NW1 5RS2
£650K10/200.43 miFlat 31, Charlbert Court, Charlbert Street, London, Greater London NW8 7BX2
£635K04/230.46 miFlat 99, Charlbert Court, Eamont Street, London, Greater London NW8 7DA2
£635K05/230.46 miFlat 111, Charlbert Court, Eamont Street, London, Greater London NW8 7DA2
£840K10/200.46 miFlat 409, Addison House, Grove End Road, London, Greater London NW8 9EL2
£585K06/230.47 miFlat 30, Eamont Court, Eamont Street, London, Greater London NW8 7DG2
£735K06/210.47 miFlat 66, Dorset House, Gloucester Place, London, Greater London NW1 5AE2
£761K06/230.47 miFlat 17, Circus Lodge, Circus Road, London, Greater London NW8 9JL2
£398K10/200.48 mi63a, Lisson Street, London, Greater London NW1 5DA2
£747K06/230.48 mi66, Charles Lane, London, Greater London NW8 7SB2
£615K07/230.48 miFlat 35, De Walden House, Allitsen Road, London, Greater London NW8 7BA2
£550K09/230.48 mi11c, Penfold Street, London, Greater London NW1 6RU2
£720K11/200.48 miFlat 9, Fettes House, Wellington Road, London, Greater London NW8 9SU2
£720K11/200.48 miFlat 9, Fettes House, Wellington Road, London, Greater London NW8 9SU2
£1.0M08/210.49 miFlat 73, Clifton Court, Northwick Terrace, London, Greater London NW8 8HX2
£980K09/210.49 miFlat 74, Clifton Court, Northwick Terrace, London, Greater London NW8 8HX2
£625K09/230.5 miFlat 93, Townshend Court, Mackennal Street, London, Greater London NW8 7DR2
£625K03/210.5 miFlat 99, Townshend Court, Mackennal Street, London, Greater London NW8 7DR2
£868K03/210.51 miFlat 17, Clifton Court, Northwick Terrace, London, Greater London NW8 8HS2
£511K03/210.51 miFlat 25, Cotman House, Townshend Estate, London, Greater London NW8 6JP2
£580K06/210.52 miFlat 66, Townshend Court, Townshend Road, London, Greater London NW8 6LB2
£1.2M06/210.53 miFlat 29, Clifton Court, Northwick Terrace, London, Greater London NW8 8HT2
£990K09/220.55 miFirst And Second Floor Flat, 2, Harcourt Street, London, Greater London W1H 4EX2
£905K09/210.55 mi25a, Harcourt Street, London, Greater London W1H 4HN2
£900K03/210.55 mi48a, Hamilton Terrace, London, Greater London NW8 9UJ2
£1.4M09/230.57 miFlat B, 30, Upper Montagu Street, London, Greater London W1H 1RP2
£1.4M09/230.57 miFlat B, 30, Upper Montagu Street, London, Greater London W1H 1RP2
£12.5M12/200.58 mi61, Hamilton Terrace, London, Greater London NW8 9RG2
£610K03/230.59 miSecond Floor Flat, 14, Crawford Street, London, Greater London W1H 1BP2
£850K06/220.59 mi9, Montagu Mansions, London, Greater London W1U 6LB2

Local Rents

50 rents from £2.9K/mo to £6.3K/mo, average is £3.7K/mo.

RentDateDistanceAddressBeds 
£2,95008/240.02 miMonroe House, 7 Lorne Close, NW82
£4,98307/240.03 miCrown Court, St John's Wood, NW82
£3,90006/240.03 miCrown Court, Park Road, London, NW82
£3,99507/240.03 miCrown Court, Park Road, London, NW82
£6,28306/240.03 miThe Atrium, Park Road, St Johns Wood, NW82
£4,18206/240.04 miStrathmore Court, Park Road, Regents Park, NW82
£3,50207/240.05 miPark Road, St John's Wood, London, NW82
£4,00007/240.05 miPark Road, St. Johns Wood, NW82
£3,30008/240.05 miLorne Close, London, NW82
£3,03302/250.06 mi-2
£3,50107/240.06 miPark Road, Regents Park, London, NW82
£4,00006/240.06 miPark Road London NW82
£3,50007/240.06 miPark Road London NW82
£2,85004/250.06 mi-2
£3,83508/240.06 miPark Road, St John's Wood, London, NW82
£3,05103/250.07 mi-2
£3,30006/240.07 mi-2
£3,00012/240.07 mi-2
£3,50012/240.07 mi-2
£3,68306/240.08 miHanover Gate Mansions, Park Road, Regents Park2
£3,46706/240.08 miPark Road, Regent's Park, London, NW12
£3,60007/240.08 miPark Road, Marylebone, London, NW82
£6,28306/240.09 miAtrium Apartments, Park Road, London NW82
£3,50007/240.09 miPark Road, London, NW82
£3,50006/240.1 miPalgrave Gardens Marylebone NW12
£3,90006/240.11 miPalgrave Gardens, Baker Street, London, NW12
£4,11706/240.11 miRegents Park House, Park Road, NW82
£4,11706/240.11 miRegents Park House, Park Road, NW82
£4,11707/240.12 miNorth Bank, St John's Wood, London, NW82
£2,92508/240.12 miRegent Court, St John's Wood, NW82
£3,94306/240.12 miPalgrave Gardens, Marylebone, London, NW12
£4,49806/240.12 miBeverly House, Park Road, St. John's Wood, London NW82
£3,68306/240.12 miPalgrave Gardens, London2
£3,79206/240.13 miBeverly House, 133 Park Road, London, NW82
£4,09901/250.13 mi-2
£3,24506/240.14 miPalgrave Gardens, London, NW12
£3,50006/240.14 miAlberts Court, Palgrave Gardens, London, NW12
£3,50006/240.14 miAlberts Court, Palgrave Gardens, London, NW12
£4,18208/240.15 miPark Road, St Johns Wood, NW82
£3,72706/240.16 miStrathmore Court NW82
£4,18206/240.16 miStrathmore Court NW82
£4,19106/240.16 miPark Road, St John's Wood, London, NW82
£3,55406/240.16 miPark Road, St John's Wood, London, NW82
£3,01207/240.16 miLords View II, St John's Wood Road, St John's Wood, London, NW82
£3,01208/240.16 miLords View II, St John's Wood Road, St John's Wood, London, NW82
£4,44206/240.16 miPalgrave Gardens, Marylebone, London, NW12
£3,98706/240.16 miPark Road2
£3,79106/240.16 miPark Road, St John's Wood2
£3,72706/240.16 miStrathmore Court, St John's Wood, NW82
£4,18206/240.17 miStrathmore Court, St Johns Wood, London, NW82

Local Area Statistics

Population in NW8

33,802

Population in London

4,771,921

Town centre distance

2.58 miles away

Nearest school

0.20 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-22%

Sales demand

Buyer's market

Capital growth (5yrs)

-13%

Property History

Listed for £650,000

November 28, 2024

Floor Plans

Description

  • Private Balcony +
  • Great Transport Links +
  • Separate Kitchen +
  • Dual Aspect +
  • Off-Street Parking +
  • Chain Free +

A two bedroom top floor apartment located in a modern gated development off Park Road. The apartment is offered in good condition throughout and benefits from a private balcony.

Lorne Close is almost opposite Regents Park and is conveniently located for the transport and amenities of both St John's Wood and Baker Street.

Tenure: Leasehold Lease Years Remaining: 101
Service Charge: £2,486
Annual Ground Rent: £0
Council Tax Band: F

Information contained within this listing is for guidance only and should be checked and confirmed (prior to proceeding).

Agent Details

Dexters, St. Johns Wood

020 7483 6300

Next Steps?

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