6 Bed Detached House, Refurb/BRRR, London, NW4 2NN, £2,500,000

Green Lane, London, NW4 2NN - 2 views - 5 months ago

Refurb/BRRR
Planning
~239 m²
+3 photos

ValuationOvervalued

Sold Prices£1.0M - £3.4M
Sold Prices/m²£5.3K/m² - £16.9K/m²

 

 

Square Metres

~239.13 m²
Price/m²£10.5K/m²

Value Estimate

£1,821,372

 

 

End Value (After Refurb)

£1,836,177

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£625,000

Stamp Duty & Legal Fees

£287,450

Refurb Costs

£126,507

Bridging Loan Interest

£65,625

Total Cash In

£1,106,332

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£1,836,177

Mortgage (After Refinance)

£1,377,133

Mortgage LTV

75%

Cash Left In

£1,106,332

Equity

£459,044

Rent Range

£1,950 - £6,500

Rent Estimate

£3,413

Running Costs/mo

£6,441

Cashflow/mo

£-3,028

Cashflow/yr

£-36,332

Gross Yield

2%

Local Sold Prices

36 sold prices from £1.0M to £3.4M, average is £1.6M. £5.3K/m² to £16.9K/m², average is £7K/m².

PriceDateDistanceAddressBeds 
£1.2M12/220.07 mi44, Brent Street, London, Greater London NW4 2ET6
£1.3M08/230.12 mi24, Shirehall Lane, London, Greater London NW4 2PD6
£1.4M06/220.2 mi12, Green Walk, London, Greater London NW4 2AJ6
£1.6M07/230.2 mi2, Green Walk, London, Greater London NW4 2AJ6
£1.2M03/210.3 mi5, Sinclair Grove, London, Greater London NW11 9JH6
£3.3M05/220.31 mi6, Havanna Drive, London, Greater London NW11 9BB6
£1.6M11/220.32 mi58, Shirehall Park, London, Greater London NW4 2QX6
£1.7M11/220.51 mi22, Hillcrest Avenue, London, Greater London NW11 0EN6
£1.1M07/220.51 mi16, St Marys Road, London, Greater London NW11 9UG6
£2.5M05/220.53 mi3, Fairholme Close, London, Greater London N3 3EE6
£1.8M08/210.56 mi4, Tenterden Gardens, London, Greater London NW4 1TE6
£1.6M01/220.57 mi7, Parklands Drive, London, Greater London N3 3HA6
£1.1M01/210.59 mi54, Hurstwood Road, London, Greater London NW11 0AU6
£1.9M11/230.6 mi19, Prothero Gardens, London, Greater London NW4 3SJ6
£1.1M03/210.62 mi4, Monkville Avenue, London, Greater London NW11 0AH6
£1.8M03/210.63 mi34, Fairholme Gardens, London, Greater London N3 3EB6
£1.1M01/240.63 mi29, Sneath Avenue, London, Greater London NW11 9AJ6
£2.8M04/210.64 mi30, Cedars Close, London, Greater London NW4 1TR6
£1.1M03/210.67 mi4, Monkville Avenue, London, Greater London NW11 0AH6
£1.8M03/210.68 mi23, Haslemere Gardens, London, Greater London N3 3EA6
£1.5M02/210.69 mi13, Portsdown Avenue, London, Greater London NW11 0NH6
£1.0M07/230.79 mi28, Sevington Road, London, Greater London NW4 3RX6
£1.9M02/210.79 mi8, Allandale Avenue, London, Greater London N3 3PJ6
£1.6M02/210.81 mi47, Allandale Avenue, London, Greater London N3 3PY6
£2.6M09/210.82 mi31, Sherwood Road, London, Greater London NW4 1AE6
£2.0M03/210.83 mi94, The Ridgeway, London, Greater London NW11 9RU6
£1.8M11/200.84 mi48, Downage, London, Greater London NW4 1AH6
£1.6M10/200.85 mi122, Hendon Lane, London, Greater London N3 3SJ6
£1.3M06/210.86 mi20, Vaughan Avenue, London, Greater London NW4 4HU6
£2.6M08/230.92 mi22, Gresham Gardens, London, Greater London NW11 8PB6
£1.9M10/220.94 mi72, Downage, London, Greater London NW4 1HP6
£1.2M01/230.95 mi11a, Talbot Crescent, London, Greater London NW4 4PD6
£3.4M12/220.95 mi18, Arden Road, London, Greater London N3 3AN6
£1.4M02/210.95 mi17, Windsor Road, London, Greater London N3 3SN6
£1.7M02/210.99 mi28, Armitage Road, London, Greater London NW11 8RD6
£1.6M06/210.99 mi34, Manor Hall Avenue, London, Greater London NW4 1NX6

Local Rents

48 rents from £1.9K/mo to £6.5K/mo, average is £3.1K/mo.

RentDateDistanceAddressBeds 
£3,75008/240.05 miBrent Street, Hendon, London, NW45
£6,50007/240.09 miDANESCROFT GARDENS, Hendon, London, NW44
£5,50008/240.09 miDANESCROFT GARDENS, Hendon, London, NW44
£3,00008/240.12 miAcacia Court, 1 Brent Green, London, NW4 2HA3
£4,99007/240.14 miShirehall Lane, London, NW47
£4,99009/240.14 mi-7
£2,00006/240.16 miNorth Circular Road London NW113
£2,00006/240.17 miNorth Circular Road, Golders Green, NW113
£2,20004/250.17 mi-3
£4,00006/240.19 miGreen Lane, London, NW44
£4,00006/240.19 miGreen Lane, London, NW44
£5,49908/240.19 miShirehall Gardens, Hendon NW46
£3,70004/250.2 mi-4
£4,00006/240.21 miWaterbrook Lane, London, NW45
£4,90004/250.22 mi-4
£3,50006/240.22 miWater Brook Lane, London5
£3,50006/240.22 miWater Brook Lane, Hendon, NW45
£2,30011/240.22 mi-3
£3,20006/240.22 mi-3
£2,30106/240.22 miCollingwood Court , Queens Road, Hendon NW43
£2,80008/240.22 miCollingwood Court, Hendon, NW44
£2,80008/240.22 mi-4
£2,80008/240.22 mi-4
£4,20008/240.22 miBrent Street, London, NW43
£2,50007/240.22 mi-3
£3,30006/240.22 miPark View Gardens, London3
£2,51507/240.23 mi-3
£2,50007/240.23 miHendon, London, NW43
£2,50006/240.23 miCollingwood Court, London, NW43
£3,75006/240.24 miBELL LANE, Hendon, London, NW43
£2,40007/240.25 miMayfield Gardens, London, NW43
£2,40007/240.25 miMayfield Gardens, London, NW43
£2,40007/240.25 mi-3
£3,49506/240.25 miBell Lane, Hendon, NW43
£3,49306/240.25 miBell Lane, London, NW43
£6,00006/240.26 miRiverside Drive, Golders Green Road, Golders Green, NW113
£3,95004/250.26 mi-6
£2,20106/240.26 miAlbert Road, Hendon, NW4 2SG3
£2,10007/240.26 mi-3
£1,95006/240.26 miBell Lane, Hendon London, NW43
£3,49506/240.27 miBell Lane, London3
£2,50008/240.27 miAlexandra Road, Hendon, NW4 2SB3
£4,00006/240.28 miQueens Way, Hendon, London, NW45
£2,10007/240.28 miHeriot Road, Hendon, NW43
£4,50012/240.28 mi-6
£2,75004/250.28 mi-3
£2,19504/250.28 mi-3
£2,50007/240.29 miNorth Circular Road, Finchley4

Local Area Statistics

Population in NW4

31,745

Population in London

4,771,921

Town centre distance

6.04 miles away

Nearest school

0.10 miles away

Nearest train station

0.46 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Buyer's market

Capital growth (5yrs)

+8%

Property History

Listed for £2,500,000

December 1, 2024

Floor Plans

Description

  • Large driveway +
  • Garage +
  • Enormous potential (STP) +
  • Very big garden +
  • Fantastic location +
  • Ground and first floor +
  • Loft not yet developed +

Nestled in the heart of Hendon, this delightful, 6-bedroom, 2 bathroom, detached house sprawled over the ground floor and first floor, offers an exceptional opportunity.

With a large driveway, expansive garden, and a highly desirable central location, it provides the perfect blank canvas for those looking to create something special (subject to planning permission). While in need of a full refurbishment, this property has a wealth of opportunities to transform it into your dream home.

This is a fantastic opportunity to acquire a detached house with significant potential in one of Hendon's most sought-after locations. Whether you're looking to design your perfect home or take advantage of the space to expand and develop, this property is sure to appeal.

Key Features:

*Prime Location*: Situated in the vibrant centre of Hendon, the property is within easy reach of Hendon Park, a 12-hectare suburban park offering outdoor gyms, playgrounds, and a café. It is also a stone's throw away from Hendon Adath Synagogue and only minutes' walk from many other shuls, restaurants, cafes and shops.

*Excellent Transport Links*: Just a short walk to Hendon Central Tube Station, offering quick access to central London via the Northern Line.

*Generous Outdoor Space*: Large driveway and extensive garden ideal for a variety of uses, with plenty of space to enhance.

*Full Refurbishment Opportunity*: In need of complete refurbishment, this property has tons of potential to create a stylish family home (subject to planning permission).

*No Upper Chain*: Available with no upper chain, enabling a smooth and efficient transaction.

For more information or to arrange a viewing, please contact us today.

Disclaimer
The pictures may not represent the exact current state of the property. Furnishings, content or decorative state etc. May have changed since the photos were taken.

The information displayed about this property comprises a property advertisement. We cannot guarantee as to the accuracy or completeness of the advertisement or any linked or associated information, This property advertisement does not constitute property particulars. All information provided is a guideline and invitation for business, it is subject to availability. Applicants must satisfy themselves by personal viewings and/or asking for more information and/or requesting a virtual viewing.

If you choose to make an offer based solely on a virtual viewing, Aston Square does not accept any liability for anything unnoticed, unseen or undisclosed or errors in the information provided, including but not limited to, measurements, photography and video content. Should you decide to make an offer on a property, you accept that any representations made in relation to the property may be based on virtual information provided to us by a third party and not verified. If in any doubt, you should make additional enquiries before completion.

Agent Details

Aston Square, London

020 3772 6828

Next Steps?

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