2 Bed Flat, Single Let, London, NW9 7AG, £425,000

Shearwater Drive, London, NW9 7AG - 4 months ago

Leasehold

BTL

ROI: 3%

~55 m²

+3 photos

ValuationOvervalued

Sold Prices	£147.9K - £455K
Sold Prices/m²	£4.6K/m² - £8.3K/m²

Square Metres	~55.46 m²
Price/m²	£7.7K/m²
Value Estimate	£344,057£344,057

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£106,250£106,250
Stamp Duty & Legal Fees	£22,700£22,700
Total Cash In	£128,950£128,950

Cash Out
Rent Range	£1,907 - £3,467£1,907 - £3,467
Rent Estimate	£2,100
Running Costs/mo	£1,768£1,768
Cashflow/mo	£332£332
Cashflow/yr	£3,983£3,983
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

34 sold prices from £147.9K to £455K, average is £345K. £4.6K/m² to £8.3K/m², average is £6.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£218K	12/20	0.16 mi	First Floor Flat, 196a, West Hendon Broadway, London, Greater London NW9 7EE	-	-	2	Flat
£345K	06/21	0.28 mi	13a, Dallas Road, London, Greater London NW4 3JB	-	-	2	Flat
£370K	09/23	0.28 mi	53a, Dallas Road, London, Greater London NW4 3JB	-	-	2	Flat
£372.5K	01/24	0.31 mi	45a, Algernon Road, London, Greater London NW4 3SY	£7,304	51	2	Flat
£360K	01/21	0.44 mi	35, Malcolm Crescent, London, Greater London NW4 4PL	£5,625	64	2	Flat
£347K	12/22	0.44 mi	26, Malcolm Crescent, London, Greater London NW4 4PL	£5,783	60	2	Flat
£455K	06/21	0.51 mi	7, Fryent Grove, London, Greater London NW9 7HE	£6,594	69	2	Flat
£400K	04/21	0.65 mi	159b, Park Road, London, Greater London NW4 3TH	-	-	2	Flat
£416K	12/22	0.68 mi	140, Park Road, London, Greater London NW4 3TL	-	-	2	Flat
£325K	01/21	0.7 mi	47, Edgeworth Close, London, Greater London NW4 4HN	£5,702	57	2	Flat
£147.9K	11/21	0.71 mi	Flat 18, Rushgrove Court, Rushgrove Avenue, London, Greater London NW9 6RH	-	-	2	Flat
£260K	09/23	0.71 mi	Flat 11, Kennyland Court, Hendon Way, London, Greater London NW4 3LU	-	-	2	Flat
£297K	11/20	0.74 mi	60, Edgeworth Close, London, Greater London NW4 4HN	£4,641	64	2	Flat
£330K	12/22	0.74 mi	Flat 30, Park Mansions, Vivian Avenue, London, Greater London NW4 3UU	-	-	2	Flat
£345K	08/23	0.75 mi	224a, Hendon Way, London, Greater London NW4 3NE	-	-	2	Flat
£385K	11/22	0.76 mi	31a, Doreen Avenue, London, Greater London NW9 7NX	£8,341	46	2	Flat
£340K	12/22	0.76 mi	Flat 54, Parade Mansions, Watford Way, London, Greater London NW4 3JJ	-	-	2	Flat
£335K	11/20	0.84 mi	Ground Floor Flat, 61, Burgess Avenue, London, Greater London NW9 8TX	-	-	2	Flat
£378.5K	03/23	0.84 mi	96, Coles Green Road, London, Greater London NW2 7ES	£7,885	48	2	Flat
£207.6K	10/21	0.9 mi	Flat 15a, Lyne Court, Meadowbank Road, London, Greater London NW9 8LQ	-	-	2	Flat
£325K	09/21	0.9 mi	140a, Tanfield Avenue, London, Greater London NW2 7RR	£6,250	52	2	Flat
£350K	03/21	0.91 mi	Flat 17, Lyne Court, Meadowbank Road, London, Greater London NW9 8LQ	-	-	2	Flat
£360K	06/23	0.93 mi	2a, Leith Close, London, Greater London NW9 8DE	-	-	2	Flat
£345K	08/23	0.93 mi	6a, Leith Close, London, Greater London NW9 8DE	£5,656	61	2	Flat
£335K	06/21	0.94 mi	9a, Selborne Gardens, London, Greater London NW4 4SH	£6,204	54	2	Flat
£400K	06/21	0.94 mi	30, Wells Drive, London, Greater London NW9 8DG	£5,195	77	2	Flat
£435K	12/22	0.94 mi	79a, Vincent Gardens, London, Greater London NW2 7RH	-	-	2	Flat
£295K	06/21	0.96 mi	130, Braemar Avenue, London, Greater London NW10 0DP	£6,860	43	2	Flat
£320K	03/21	0.99 mi	Flat 5, Campbell Court, Church Lane, London, Greater London NW9 8AA	-	-	2	Flat
£291K	12/20	0.99 mi	Flat 1, Campbell Court, Church Lane, London, Greater London NW9 8AA	-	-	2	Flat
£305K	04/23	0.99 mi	16, Harp Island Close, London, Greater London NW10 0DF	-	-	2	Flat
£370K	06/23	0.99 mi	32 Code Court, Flowers Close, London, Greater London NW2 7FG	-	-	2	Flat
£315K	01/21	1 mi	91, Aboyne Road, London, Greater London NW10 0EY	-	-	2	Flat
£400K	03/23	1 mi	72a, Randall Avenue, London, Greater London NW2 7ST	-	-	2	Flat

Local Rents

49 rents from £1.9K/mo to £3.5K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,075	07/24	0 mi	Rosefinch Apartments, London NW9	2	Flat
£2,250	03/25	0.01 mi	-	2	Flat
£2,100	07/24	0.01 mi	Shearwater Drive, London	2	Flat
£2,197	07/24	0.02 mi	Nuthatch Apartments, 16 Shearwater Drive, London	2	Flat
£2,300	08/24	0.02 mi	Nuthatch Apartments, Shearwater Drive, NW9	2	Flat
£2,100	06/24	0.02 mi	Shearwater Drive, LONDON	2	Flat
£2,300	06/24	0.03 mi	-	2	Flat
£2,300	06/24	0.03 mi	-	2	Flat
£2,300	06/24	0.03 mi	Rosefinch Apartments, London, NW9	2	Flat
£2,395	06/24	0.03 mi	Shearwater Drive, London, NW9	2	Flat
£2,250	06/24	0.03 mi	Hendon Riverside, West Hendon, NW9	2	Flat
£2,297	06/24	0.03 mi	Rosefinch Apartments, Hendon Waterside, Hendon NW9	2	Flat
£2,100	07/24	0.03 mi	Shearwater Drive, London, NW9	2	Flat
£2,150	07/24	0.03 mi	Shearwater Drive, London, NW9	2	Flat
£2,100	07/24	0.03 mi	Shearwater Drive, London, NW9	2	Flat
£2,100	06/24	0.03 mi	Shearwater Drive, London	2	Flat
£2,500	12/23	0.03 mi	Rosefinch Apartments, 7 Shearwater Drive, London, NW9 7FX	2	Flat
£2,650	12/24	0.04 mi	-	2	Flat
£2,075	06/24	0.04 mi	Shearwater Drive, West Hendon, London	2	Flat
£2,000	06/24	0.04 mi	Shearwater Drive, Hendon, London, NW9	2	Flat
£2,000	07/24	0.04 mi	Meadowlark House, Moorhen Drive, West Hendon, NW4	2	Flat
£1,907	04/25	0.05 mi	-	2	Flat
£2,150	11/24	0.05 mi	-	2	Flat
£2,500	07/24	0.06 mi	Shearwater Drive, London, NW9	2	Flat
£2,400	08/24	0.06 mi	Shearwater Drive, London, NW9	2	Flat
£2,200	10/24	0.06 mi	-	2	Flat
£2,400	01/25	0.06 mi	-	2	Flat
£2,200	02/25	0.08 mi	-	2	Flat
£2,200	08/24	0.08 mi	Hendon Waterside, Hendon, London, NW9	2	Flat
£3,467	06/24	0.08 mi	Hendon Waterside, Hendon, London, NW9	2	Flat
£2,400	07/24	0.08 mi	Moorhen Drive, Hendon, London, NW9	2	Flat
£2,300	07/24	0.08 mi	Moorhen Drive, Hendon, London, NW9	2	Flat
£2,400	08/24	0.08 mi	Moorhen Drive, Hendon, London, NW9	2	Flat
£2,200	06/24	0.09 mi	-	2	Flat
£2,100	06/24	0.09 mi	-	2	Flat
£2,300	02/25	0.09 mi	-	2	Flat
£2,400	04/25	0.09 mi	-	2	Flat
£2,200	06/24	0.09 mi	-	2	Flat
£2,200	06/24	0.09 mi	-	2	Flat
£2,200	06/24	0.09 mi	-	2	Flat
£2,100	07/24	0.09 mi	-	2	Flat
£2,300	09/24	0.09 mi	-	2	Flat
£2,300	10/24	0.09 mi	-	2	Flat
£2,100	04/25	0.09 mi	-	2	Flat
£2,100	06/24	0.09 mi	Hawfinch House, 1 Moorhen Drive, Hendon, Waterside, NW9	2	Flat
£2,275	07/24	0.09 mi	Hawfinch House, Hendon, London, NW9	2	Flat
£2,300	04/25	0.09 mi	-	2	Flat
£2,400	03/25	0.09 mi	-	2	Flat
£2,350	03/25	0.09 mi	-	2	Flat

Local Area Statistics

Population in NW9	59,32059,320
Population in London	4,771,9214,771,921
Town centre distance	6.70 miles away6.70 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.29 miles away0.29 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+26%+26%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+11%+11%

Property History

Price changed to £425,000

January 11, 2025

Listed for £435,000

December 10, 2024

Floor Plans

Description

Two Double Bedrooms +
Two Bathrooms +
Balcony +
Views OverThe Wesh Harp +
Secured Underground Parking Space +
Sole Agency +

Orient Estates are pleased to present this two bedroom 2nd floor apartment. Benefiting from two double bedrooms, two bathrooms, an open plan kitchen/ reception room, a balcony overlooking the Welsh Harp and parking. Located within walking distance of Brent Cross and Hendon Overground Station.

what3words /// null

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 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.

2 Bed Flat, Motivated Seller, London, NW9 7AG

£400,000

1 views • 5 months ago • 66 m²