8 Bed Detached House, Refurb/BRRR, London, NW4 4AQ, £5,000,000

Brampton Grove, London, NW4 4AQ - 3 views - 4 months ago

Refurb/BRRR

~248 m²

+4 photos

ValuationOvervalued

Sold Prices	£1.6M - £14.0M
Sold Prices/m²	£3.9K/m² - £22K/m²

Square Metres	~248 m²
Price/m²	£20.2K/m²
Value Estimate	£1,703,625£1,703,625

End Value (After Refurb)	£1,618,049£1,618,049

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£1,250,000£1,250,000
Stamp Duty & Legal Fees	£662,450£662,450
Refurb Costs	£131,200£131,200
Bridging Loan Interest	£131,250£131,250
Total Cash In	£2,176,650£2,176,650

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£1,618,049£1,618,049
Mortgage (After Refinance)	£1,213,537£1,213,537
Mortgage LTV	75%75%
Cash Left In	£2,176,650£2,176,650
Equity	£404,512£404,512
Rent Range	£1,850 - £6,000£1,850 - £6,000
Rent Estimate	£3,104
Running Costs/mo	£5,697£5,697
Cashflow/mo	£-2,593£-2,593
Cashflow/yr	£-31,118£-31,118
Gross Yield	1%1%

Local Sold Prices

14 sold prices from £1.6M to £14.0M, average is £4.7M. £3.9K/m² to £22K/m², average is £8.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£1.8M	06/22	0.79 mi	9, Manor Hall Drive, London, Greater London NW4 1PB	£5,480	333	8	Detached House
£2.7M	04/21	1.1 mi	59, Fitzalan Road, London, Greater London N3 3PG	£6,838	400	8	Detached House
£3.6M	05/23	1.11 mi	24, Grosvenor Gardens, London, Greater London NW11 0HG	-	-	8	Detached House
£3.1M	10/20	1.67 mi	6, Parkside, London, Greater London NW7 2LH	£5,106	615	8	Detached House
£5.8M	04/21	1.98 mi	20, West Heath Avenue, London, Greater London NW11 7QL	£15,132	380	8	Detached House
£7.3M	10/22	2.36 mi	33, Norrice Lea, London, Greater London N2 0RD	-	-	8	Semi-Detached House
£9.8M	09/23	2.37 mi	17, Ingram Avenue, London, Greater London NW11 6TG	£15,115	650	8	Detached House
£6.5M	08/22	2.53 mi	84, Winnington Road, London, Greater London N2 0TU	£10,383	626	8	Detached House
£12.5M	03/21	2.54 mi	32, The Bishops Avenue, London, Greater London N2 0BA	£10,611	1,178	8	Detached House
£11.8M	06/22	2.59 mi	2, Templewood Avenue, London, Greater London NW3 7XA	£18,850	626	8	Detached House
£1.6M	10/20	2.74 mi	18, Penshurst Gardens, Edgware, Greater London HA8 9TP	£3,855	415	8	Detached House
£14.0M	01/21	2.86 mi	14, Greenaway Gardens, London, Greater London NW3 7DH	£22,047	635	8	Terraced House
£2.5M	10/20	2.97 mi	188, Creighton Avenue, London, Greater London N2 9BJ	£6,901	355	8	Semi-Detached House
£2.9M	12/21	2.98 mi	9, Coverdale Road, London, Greater London NW2 4DB	£6,263	463	8	Detached House

Local Rents

50 rents from £1.9K/mo to £6K/mo, average is £2.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,150	06/24	0.04 mi	Brampton Grove, Hendon, NW4	3	Flat
£2,150	06/24	0.05 mi	Brampton Grove London NW4	3	Flat
£4,500	07/24	0.07 mi	-	3	Flat
£6,000	06/24	0.07 mi	-	3	Flat
£6,000	06/24	0.07 mi	-	3	Flat
£2,800	10/24	0.07 mi	-	3	Flat
£3,000	08/24	0.08 mi	The Burroughs, Hendon, London	4	Terraced House
£3,500	02/24	0.08 mi	-	5	Terraced House
£3,500	02/24	0.08 mi	-	5	Terraced House
£3,500	10/24	0.08 mi	-	5	Terraced House
£3,250	08/24	0.1 mi	Prothero Gardens, Hendon, NW4	3	House
£3,250	03/24	0.1 mi	Prothero Gardens, London, NW4	3	Terraced House
£2,800	07/24	0.11 mi	Egerton Gardens, Hendon, London	3	Terraced House
£2,800	08/24	0.11 mi	Egerton Gardens, Hendon, London	3	Terraced House
£2,700	08/24	0.11 mi	Egerton Gardens, Hendon, London	3	Terraced House
£1,975	08/24	0.13 mi	Quadrant Close, Hendon, London, NW4	3	Flat
£2,200	06/24	0.16 mi	Babington Road, Hendon, London, NW4	3	Terraced House
£1,875	08/24	0.17 mi	Quadrant Close, Hendon, London, NW4	3	Flat
£1,950	08/24	0.17 mi	Quadrant Close ,The Burroughs, Hendon	3	Flat
£2,800	06/24	0.18 mi	Somerset Road, London, NW4	4	Terraced House
£3,000	06/24	0.21 mi	Somerset Road, Hendon, NW4 4EP	4	Detached House
£3,200	07/24	0.21 mi	Somerset Road, Hendon, NW4 4EP	4	Semi-Detached House
£5,005	09/24	0.21 mi	Wykeham Road, Hendon, NW4	4	House
£2,599	06/24	0.21 mi	Rickard Close, London, NW4	3	Detached House
£2,102	07/24	0.22 mi	Watford Way, Hendon,NW4 3AU	3	Flat
£3,000	11/24	0.23 mi	-	4	Semi-Detached House
£2,100	06/24	0.23 mi	-	3	Flat
£1,850	08/24	0.23 mi	Queens Mansions, Watford Way, Hendon, NW4	3	Flat
£2,100	06/24	0.23 mi	-	3	Flat
£1,850	08/24	0.23 mi	Watford Way, Hendon Central	3	Flat
£2,750	01/25	0.23 mi	-	3	Flat
£2,599	02/24	0.24 mi	-	3	Semi-Detached House
£2,399	06/24	0.24 mi	-	3	Semi-Detached House
£2,750	03/25	0.24 mi	-	3	Semi-Detached House
£2,599	03/25	0.24 mi	-	3	Semi-Detached House
£2,000	06/24	0.25 mi	Fuller Street, Hendon, NW4	3	Terraced House
£3,100	03/25	0.27 mi	-	4	Flat
£1,993	06/24	0.27 mi	Station Road, London, NW4	3	Flat
£5,005	09/24	0.28 mi	Wykeham Road, Hendon, NW4	4	Detached House
£1,900	08/24	0.28 mi	Fuller Street, Hendon, London	3	Terraced House
£4,250	01/25	0.28 mi	-	4	Semi-Detached House
£4,000	01/25	0.29 mi	-	4	Semi-Detached House
£3,500	03/25	0.29 mi	-	5	Terraced House
£2,150	08/24	0.29 mi	Finchley Lane , Hendon, London, NW4	3	Flat
£3,400	07/24	0.29 mi	-	4	Semi-Detached House
£3,400	12/24	0.3 mi	-	3	Flat
£3,000	01/25	0.3 mi	-	3	Semi-Detached House
£2,350	08/24	0.3 mi	Burnham Court, Brent Street, Hendon, NW4	3	Flat
£2,350	08/24	0.3 mi	Burnham Court, Brent Street, Hendon, NW4	3	Flat
£5,000	06/24	0.3 mi	Rundell Crescent, Hendon, NW4	4	Flat

Local Area Statistics

Population in NW4	31,74531,745
Population in London	4,771,9214,771,921
Town centre distance	6.66 miles away6.66 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.30 miles away0.30 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

Listed for £5,000,000

December 5, 2024

Description

EIGHT BEDROOM FAMILY HOME +
OVER 8,000 SQ FT OF LIVING ACCOMMODATION +
FIVE LARGE RECEPTION ROOMS +
GAMES ROOM +
FIVE BATHROOMS (FOUR EN-SUITE) +
OFF-STREET PARKING FOR NUMEROUS CARS +

This substantial property offers eight spacious bedrooms, five bathrooms (four en-suite), a grand entrance hall leading to five large reception rooms, a fully-fitted eat-in kitchen, a laundry room, games room and two storage rooms. Offering over 8,000 SQ FT of living accommodation, this impressive detached property arranged over 3 floors is in need of modernisation. The property is one of the largest in the area and benefits from spacious front and rear gardens with off-street parking for numerous cars.

Situated on a prestigious and highly sought-after road in the heart of Hendon, this extensive property is ideally located within short walking distance of Brent Street's shopping facilities and nearby schools and transport links.

Sold chain-free

Call JT Homes on to arrange a viewing today!

Agent Details

JT Homes, London

020 8202 7222

Next Steps?

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

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