3 Bed Flat, Single Let, London, NW4 3AN £465,000

QUEENS MANSIONS Watford Way, London, Greater London, NW4 3AN - a year ago

Leasehold

BTL

~105 m²

ValuationUndervalued

Sold Prices	£235K - £1.4M
Sold Prices/m²	£3.9K/m² - £11.7K/m²

Square Metres	~104.50 m²
Price/m²	£4.5K/m²
Value Estimate	£571,950£571,950
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£116,250£116,250
Stamp Duty & Legal Fees	£37,700£37,700
Total Cash In	£153,950£153,950

Cash Out
Rent Range	£1,850 - £3,900£1,850 - £3,900
Rent Estimate	£1,875
Running Costs/mo	£1,848£1,848
Cashflow/mo	£27£27
Cashflow/yr	£323£323
ROI	0%0%
Gross Yield	5%5%

Local Sold Prices

38 sold prices from £235K to £1.4M, average is £545K. £3.9K/m² to £11.7K/m², average is £6.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£555K	06/21	0.12 mi	Flat 10, Wykeham Court, Wykeham Road, London, Greater London NW4 2TE	-	-	3	Flat
£557.2K	01/24	0.17 mi	Hendon Park Mansions, Flat 1, Queens Road, Hendon, London NW4 2TG	£6,795	82	3	Flat
£396K	05/23	0.19 mi	Flat 16, Kennyland Court, Hendon Way, London, Greater London NW4 3LU	-	-	3	Flat
£449.9K	01/25	0.19 mi	Flat 12, 67 Raffles House, Brampton Grove, Hendon, London NW4 4BU	£6,817	66	3	Flat
£850K	02/24	0.25 mi	Langley Court, Flat 4, Raleigh Close, London, Greater London NW4 2SR	£8,333	102	3	Flat
£915K	10/23	0.25 mi	Flat 6, Langley Court, Raleigh Close, London, Greater London NW4 2SR	-	-	3	Flat
£393K	09/24	0.42 mi	High Mount, 18, Station Road, Hendon, London NW4 3SS	£4,010	98	3	Flat
£350K	03/25	0.46 mi	Ashwood House, Flat 16, Belle Vue Estate, London, Greater London NW4 2BD	£4,023	87	3	Flat
£350K	03/25	0.46 mi	Flat 16, Ashwood House, Belle Vue Estate, Hendon, London NW4 2BD	£4,023	87	3	Flat
£458K	11/22	0.47 mi	54a, Station Road, London, Greater London NW4 3SX	£5,948	77	3	Flat
£920K	12/22	0.49 mi	Flat 9, Ambassador Court, Century Close, London, Greater London NW4 2EE	-	-	3	Flat
£535K	12/23	0.55 mi	Pembroke Hall, Flat 1, Mulberry Close, Hendon, London NW4 1QW	£4,735	113	3	Flat
£285K	06/23	0.56 mi	9b, Sunny Gardens Road, London, Greater London NW4 1SL	£7,224	39	3	Flat
£510K	06/21	0.64 mi	Flat 6, Brentwood Lodge, Holmdale Gardens, London, Greater London NW4 2LY	-	-	3	Flat
£1.4M	09/24	0.65 mi	Halkin House, Flat 2, Downage, Hendon, London NW4 1AR	£11,694	121	3	Flat
£235K	10/24	0.67 mi	266a, Watford Way, Hendon, London NW4 4UJ	£3,852	61	3	Flat
£835K	03/25	0.68 mi	Flat 5, Brinsdale Park, Brinsdale Road, Hendon, London NW4 1TB	£7,261	115	3	Flat
£835K	03/25	0.68 mi	Flat 5, Brinsdale Park, Brinsdale Road, Hendon, London NW4 1TB	-	-	3	Flat
£400K	03/23	0.7 mi	154, West Hendon Broadway, London, Greater London NW9 7AA	£6,557	61	3	Flat
£430K	10/23	0.71 mi	Flat 16, Brook Lodge, North Circular Road, London, Greater London NW11 9LG	-	-	3	Flat
£270K	06/23	0.71 mi	Flat 9, Brook Lodge, North Circular Road, London, Greater London NW11 9LG	-	-	3	Flat
£460K	04/25	0.73 mi	64a, Sunny Gardens Road, Hendon, London NW4 1RY	-	-	3	Flat
£460K	04/25	0.73 mi	64a, Sunny Gardens Road, Hendon, London NW4 1RY	£6,571	70	3	Flat
£625K	03/25	0.76 mi	Flat 7, Woodlands Court, Woodlands, Golders Green, London NW11 9QN	£6,188	101	3	Flat
£625K	03/25	0.76 mi	Flat 7, Woodlands Court, Woodlands, Golders Green, London NW11 9QN	-	-	3	Flat
£695K	09/23	0.78 mi	120a, Sunningfields Road, London, Greater London NW4 4RE	£6,318	110	3	Flat
£600K	03/25	0.81 mi	The Brookdales, Flat 11, Bridge Lane, Golders Green, London NW11 9JU	£6,452	93	3	Flat
£600K	03/25	0.81 mi	Flat 11, The Brookdales, Bridge Lane, Golders Green, London NW11 9JU	-	-	3	Flat
£630K	07/25	0.83 mi	Flat 36, 6 Serenity House, Lismore Boulevard, Colindale, London NW9 4DB	-	-	3	Flat
£590K	06/23	0.88 mi	Flat 49, Windsor Court, Golders Green Road, London, Greater London NW11 9PR	-	-	3	Flat
£650K	01/25	0.93 mi	24 Chapman House, Flat 43, Aerodrome Road, Colindale, London NW9 5UZ	£8,333	78	3	Flat
£600K	07/25	0.93 mi	Flat 21, 39 May House, Achill Close, Colindale, London NW9 4EJ	-	-	3	Flat
£530K	03/25	0.95 mi	Flat 2, Hillside Court, Holders Hill Road, Church End, London NW4 1EL	£9,464	56	3	Flat
£530K	03/25	0.95 mi	Flat 2, Hillside Court, Holders Hill Road, Church End, London NW4 1EL	-	-	3	Flat
£485K	05/25	0.95 mi	Flat 1, Hillside Court, Holders Hill Road, Church End, London NW4 1EL	£5,052	96	3	Flat
£485K	05/25	0.95 mi	Flat 1, Hillside Court, Holders Hill Road, Church End, London NW4 1EL	-	-	3	Flat
£625K	01/25	0.96 mi	43 Kew Court, Flat 21, Hoy Close, Colindale, London NW9 4EU	£6,793	92	3	Flat
£582K	11/22	0.99 mi	63, Crummock Gardens, London, Greater London NW9 0DE	£6,929	84	3	Flat

Local Rents

49 rents from £1.9K/mo to £3.9K/mo, average is £2.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,850	08/24	0 mi	Queens Mansions, Watford Way, Hendon, NW4	3	Flat
£1,850	08/24	0 mi	Watford Way, Hendon Central	3	Flat
£2,100	06/24	0 mi	-	3	Flat
£2,750	01/25	0 mi	-	3	Flat
£2,000	03/24	0.04 mi	Watford Way, London, NW4	3	Flat
£2,102	07/24	0.05 mi	Watford Way, Hendon,NW4 3AU	3	Flat
£2,000	11/25	0.09 mi	-	3	Flat
£3,400	12/24	0.11 mi	-	3	Flat
£2,700	10/25	0.12 mi	Florence Mansions, NW4	3	Flat
£2,700	10/25	0.12 mi	Vivian Avenue, London	3	Flat
£2,850	09/24	0.12 mi	-	3	Flat
£2,850	10/25	0.12 mi	-	3	Flat
£2,695	08/24	0.12 mi	Vivian Avenue, London, NW4	3	Flat
£3,000	08/25	0.12 mi	Wykeham Road, London	3	Flat
£3,250	08/25	0.12 mi	Wykeham Road, London	3	Flat
£2,500	02/24	0.12 mi	-	3	Flat
£3,250	03/24	0.13 mi	Prothero Gardens, London, NW4	3	Terraced House
£3,250	08/24	0.13 mi	Prothero Gardens, Hendon, NW4	3	House
£3,000	09/25	0.13 mi	Wykeham Road, London, NW4	3	Flat
£1,875	08/24	0.14 mi	Quadrant Close, Hendon, London, NW4	3	Flat
£1,950	08/24	0.14 mi	Quadrant Close ,The Burroughs, Hendon	3	Flat
£2,100	06/24	0.14 mi	-	3	Flat
£2,400	11/25	0.16 mi	Audley Park, Neeld Crescent, Hendon, NW4	3	Flat
£1,975	08/24	0.17 mi	Quadrant Close, Hendon, London, NW4	3	Flat
£2,750	02/24	0.17 mi	-	3	Semi-Detached House
£2,550	06/24	0.17 mi	-	3	Semi-Detached House
£2,550	07/25	0.17 mi	-	3	Semi-Detached House
£2,550	07/25	0.17 mi	Neeld Crescent, London, NW4	3	Semi-Detached House
£2,550	07/25	0.17 mi	Neeld Crescent, London, NW4	3	Semi-Detached House
£1,950	10/25	0.18 mi	-	3	Flat
£2,000	11/25	0.18 mi	Hendon Way, London	3	Flat
£3,596	08/25	0.18 mi	Raleigh Close, Hendon, NW4	3	Flat
£2,150	10/25	0.19 mi	-	3	Flat
£1,875	08/25	0.19 mi	Hendon Way, London, NW4	3	Flat
£2,300	06/25	0.19 mi	Station Road, London	3	Flat
£3,750	08/25	0.19 mi	Queens Road, London, NW4	3	Flat
£3,750	11/25	0.19 mi	Queens Road, Hendon, London	3	Flat
£3,000	09/25	0.19 mi	Hendon Central	3	Flat
£2,200	10/25	0.19 mi	Hendon Central	3	Flat
£2,000	10/25	0.19 mi	Hendon Central	3	Flat
£2,000	11/25	0.19 mi	Hendon Central	3	Flat
£3,900	11/25	0.19 mi	-	3	Flat
£2,200	09/25	0.19 mi	Raffles House, London, NW4	3	Flat
£2,200	10/25	0.19 mi	-	3	Flat
£2,200	11/25	0.19 mi	Brampton Grove, Hendon	3	Flat
£1,993	06/24	0.19 mi	Station Road, London, NW4	3	Flat
£2,145	03/24	0.2 mi	Highview House, Queens Road, London, NW4	3	Flat
£3,500	06/24	0.2 mi	6 Queens Road, London, NW4	3	Flat
£3,750	08/25	0.2 mi	Stanview Court, 5 Queens Road, London, NW4	3	Flat

Local Area Statistics

Population in NW4	31,74531,745
Population in London	4,771,9214,771,921
Town centre distance	6.52 miles away6.52 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.09 miles away0.09 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-7%-7%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	-2%-2%

Property History

Listed for £465,000

December 10, 2024

Sold for £410,000

2018

Sold for £300,000

2014

Sold for £31,000

1996

Floor Plans

Description

Three Double Bedroom Apartment +
Large Reception Room +
Separate Kitchen +
Long Lease +
Chain Free +
Fantastic Investment / Family Home +

Orient Estates are pleased to present this spacious three double bedroom apartment. Benefiting from a large reception room, separate kitchen / dinner, three double bedrooms. Located close to Hendon Central Underground Station. Offer chain free.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Orient Estates, London

020 4538 4971

Next Steps?

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

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