2 Bed Flat, Single Let, London, NW2 6UL £350,000

2 OLIVE ROAD, CRICKLEWOOD, LONDON, NW2 6UL - 10 views - a year ago
Sold STC
Leasehold
BTL
~61 m²
Property image

ValuationUndervalued

Sold Prices£164K - £785K
Sold Prices/m²£3K/m² - £10.2K/m²

 

 

Square Metres

~60.89 m²
Price/m²£5.7K/m²

Value Estimate

£437,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£26,200

Total Cash In

£113,700

 

 

Cash Out

 

Rent Range

£1,750 - £4,000

Rent Estimate

£432

Running Costs/mo

£1,200

Cashflow/mo

£-768

Cashflow/yr

£-9,218

Gross Yield

1%

Local Sold Prices

50 sold prices from £164K to £785K, average is £460K. £3K/m² to £10.2K/m², average is £7.5K/m².

Price
Date
Distance
Address
Beds
 
£540K06/250.04 miGround Floor Flat, 57, Olive Road, London NW2 6UN2
£540K06/250.04 miGround Floor Flat, 57, Olive Road, London NW2 6UN2
£428K04/240.08 mi53, Ivy Road, London NW2 6SY2
£546K11/220.12 mi104, Mora Road, London, Greater London NW2 6TE2
£500K09/210.14 miGround Floor Flat, 7, Ivy Road, London, Greater London NW2 6SU2
£493K08/210.14 miFlat 10, Trinity Court, Anson Road, London, Greater London NW2 6AZ2
£509K11/230.17 mi85, Temple Road, London, Greater London NW2 6PN2
£688.4K07/250.19 mi37, Larch Road, London NW2 6SG2
£400K08/210.2 mi25, Newton Road, London, Greater London NW2 6PS2
£300K06/230.21 mi6, Temple Road, London, Greater London NW2 6QB2
£460K08/230.22 miGround Floor Flat, 38, Mora Road, London, Greater London NW2 6TG2
£460K06/210.23 mi7, Wotton Road, London, Greater London NW2 6PU2
£432K12/220.23 mi45, Wotton Road, London, Greater London NW2 6PU2
£382K09/210.23 miFlat 130, Ashford Court, Ashford Road, London, Greater London NW2 6BT2
£400K05/250.29 miFlat 2, 47, Melrose Avenue, London NW2 4LH2
£400K05/250.29 miFlat 2, 47, Melrose Avenue, London NW2 4LH2
£295K09/230.31 mi82, Mascotts Close, London, Greater London NW2 6NS2
£335K02/250.32 mi76, Campbell Gordon Way, London NW2 6RW2
£394.8K12/220.32 miFlat 8b, Chichele Mansions, Chichele Road, London, Greater London NW2 3DG2
£487.5K03/250.32 mi4, 46 York Mansions, Chichele Road, London NW2 3DE2
£560K02/230.34 miFirst Floor Flat, 80, Blenheim Gardens, London, Greater London NW2 4NT2
£300K08/210.34 mi99a, Riffel Road, London, Greater London NW2 4PG2
£325K06/210.36 miFlat 17, Katrine Court, Shobroke Close, London, Greater London NW2 6YU2
£525K03/250.36 mi99b, Chichele Road, London NW2 3AT2
£449K02/250.37 mi40, Blenheim Gardens, London NW2 4NS2
£510K04/250.38 mi23, Stanley Gardens, London NW2 4QH2
£510K04/250.38 mi23b, Stanley Gardens, London NW2 4QH2
£164K01/250.4 miCrown Terrace, 1, Cricklewood Lane, Cricklewood, London NW2 1EY2
£485K08/230.4 miFlat D, 145, Walm Lane, London, Greater London NW2 3AU2
£335K01/250.41 miDebham Court, 29, Pinemartin Close, London NW2 6YX2
£395K01/230.42 miSecond Floor Flat, 16, Blenheim Gardens, London, Greater London NW2 4NS2
£465K05/210.54 mi98a, Chapter Road, London, Greater London NW2 5LR2
£375K06/210.55 miFlat C, 40, Lichfield Road, London, Greater London NW2 2RG2
£546K12/240.55 mi208, Flat 2, Walm Lane, London NW2 3BP2
£400K01/250.56 mi44, Flat B, Lichfield Road, Cricklewood, London NW2 2RG2
£656K07/230.57 miFlat A, 194, Fordwych Road, London, Greater London NW2 3NX2
£468K10/210.58 miGround Floor Flat, 30, Osborne Road, London, Greater London NW2 5DP2
£430K03/230.59 miFlat 9, Greencrest Place, Dollis Hill Lane, London, Greater London NW2 6HF2
£725K08/230.6 mi10, Rutland Park Gardens, London, Greater London NW2 4RG2
£470K01/230.61 miGround Floor Flat, 109a, Churchill Road, London, Greater London NW2 5EH2
£555K01/230.61 mi221, Fordwych Road, London, Greater London NW2 3NH2
£249K07/230.62 mi79, Woodvale Way, London, Greater London NW11 8SQ2
£410K09/230.64 mi17, Woodvale Way, London, Greater London NW11 8SF2
£390K02/230.66 mi101a, Churchill Road, London, Greater London NW2 5EG2
£560K02/250.66 mi2 Coleby House, Flat 25, Woodley Crescent, Cricklewood, London NW2 2DL2
£490K08/230.66 mi19a, Deacon Road, London, Greater London NW2 5NP2
£460K04/230.68 mi39a, Huddlestone Road, London, Greater London NW2 5DL2
£395K09/210.68 mi12a, Deacon Road, London, Greater London NW2 5QH2
£785K01/240.69 mi10a, Heathfield Park, London, Greater London NW2 5JD2
£400K03/230.69 mi49a, Deacon Road, London, Greater London NW2 5NL2

Local Rents

48 rents from £1.8K/mo to £4K/mo, average is £2.1K/mo.

Rent
Date
Distance
Address
Beds
 
£1,80011/250.04 miOlive Road, CRICKLEWOOD / WILLESDEN GREEN NW22
£1,89810/250.04 miOlive Road, London, NW22
£1,90007/250.06 miIvy Road, London2
£1,90010/250.08 miIvy Road, London NW22
£2,25009/250.09 mi-2
£1,85006/250.09 miIvy Road, Cricklewood, London, NW22
£1,79806/240.09 miIvy Road, Cricklewood2
£1,85008/250.09 miIvy Road, Cricklewood2
£2,20009/250.09 miOlive Road, London, NW2 6UU2
£1,90011/250.1 miOlive Road, Cricklewood, NW22
£2,00010/250.12 miOlive Road, London NW22
£1,90010/250.12 miOlive Road, Willesden Green, NW22
£1,90011/250.12 miOlive Road, Willesden Green, NW22
£4,00009/240.12 mi-2
£2,55003/250.12 mi-2
£2,55002/250.12 mi-2
£3,10010/250.12 mi-2
£1,95007/250.12 mi Mora Road, London2
£2,20007/250.12 mi Mora Road, London2
£1,90210/250.12 miMora Road, Cricklewood2
£2,33002/250.12 mi-2
£2,50009/240.12 mi-2
£2,50006/240.12 miAnson Road, London, NW22
£2,25007/240.12 miMora Road, London, NW22
£2,09706/240.16 miCedar Road, Cricklewood2
£1,90007/240.16 miAnson Road, London, NW22
£1,90007/240.16 miAnson Road, London, NW22
£1,90008/240.16 mi-2
£1,90010/240.16 mi-2
£2,00008/240.16 miAnson Road, London2
£2,05011/250.16 miBlackstone Road, NW2, London2
£1,98009/240.17 mi-2
£1,98008/240.17 miA Cedar Road, London, NW22
£2,27508/240.17 miLarch Road, Gladstone Park, London, NW22
£2,25010/250.17 miLarch Road, Gladstone Park, London, NW22
£2,20002/250.17 mi-2
£1,75008/250.17 mi-2
£2,10008/250.18 mi-2
£2,10008/250.18 miLarch Road, London, NW22
£2,60010/250.18 miTemple Road, NW22
£2,50011/250.18 miParkview Avenue Brent Cross Town NW22
£2,10010/250.18 miNewton Road, Cricklewood, London2
£1,85008/250.19 miOman Avenue, Willesden Green2
£2,20006/240.19 mi-2
£2,50008/250.19 miLarch Road, Cricklewood, NW22
£2,35011/250.19 miLarch Road, London, NW22
£2,40007/240.19 miAnson Road, London, NW22
£2,10011/250.2 mi-2

Local Area Statistics

Population in NW2

67,317

Population in London

4,771,921

Town centre distance

5.44 miles away

Nearest school

0.20 miles away

Nearest train station

0.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Buyer's market

Capital growth (5yrs)

+20%

Property History

Listed for £350,000

December 10, 2024

Floor Plans

Property image

Description

  • • Gas central heating +
  • • Part double glazed windows +
  • • Spacious lounge and kitchen/diner +
  • • Gross internal floor area of 655 sq ft (61 sq m) approximately +

We bring to the market this unmodernised ground floor two bedroom apartment which is offered for sale chain free and would suit a first time buyer wishing to take on a project or alternatively a buy-to-let investor. The property is located in this central part of Cricklewood at the junction of Sneyd Road with Olive Road and benefits from a communal garden to the rear. The property is located within a few hundred yards of local bus services and shops at Cricklewood Broadway with the nearest Stations being Cricklewood (overground trains) or Willesden Green (Zone 2 Jubilee Line).

Agent Details

Hoopers, Neasden

020 3872 5329

Next Steps?

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