2 Bed Flat, Single Let, London, NW2 7ED, £375,000

2 BANTING HOUSE, AINSWORTH CLOSE (OFF BROOK ROAD), LONDON, NW2 7ED - 4 months ago

Leasehold
BTL
ROI: 2%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£218K - £695K
Sold Prices/m²£4.8K/m² - £23K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.5K/m²

Value Estimate

£466,850
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Total Cash In

£112,450

 

 

Cash Out

 

Rent Range

£1,650 - £5,091

Rent Estimate

£1,738

Running Costs/mo

£1,539

Cashflow/mo

£199

Cashflow/yr

£2,382

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £218K to £695K, average is £392.5K. £4.8K/m² to £23K/m², average is £6.9K/m².

PriceDateDistanceAddressBeds 
£430K03/230.17 miFlat 9, Greencrest Place, Dollis Hill Lane, London, Greater London NW2 6HF2
£378.5K03/230.18 mi96, Coles Green Road, London, Greater London NW2 7ES2
£370K06/230.24 mi32 Code Court, Flowers Close, London, Greater London NW2 7FG2
£390K11/230.26 miFlat 18, Cipher Court, Flowers Close, London, Greater London NW2 7BF2
£380.5K04/230.26 miFlat 7, Cipher Court, Flowers Close, London, Greater London NW2 7BF2
£380K04/210.31 mi53, Vincent Gardens, London, Greater London NW2 7RJ2
£400K02/230.31 mi59a, Vincent Gardens, London, Greater London NW2 7RJ2
£435K12/220.32 mi79a, Vincent Gardens, London, Greater London NW2 7RH2
£325K09/210.39 mi140a, Tanfield Avenue, London, Greater London NW2 7RR2
£400K03/230.41 mi72a, Randall Avenue, London, Greater London NW2 7ST2
£295K09/230.45 mi82, Mascotts Close, London, Greater London NW2 6NS2
£389K11/210.49 mi3, Lovat Close, London, Greater London NW2 7RU2
£325K06/210.54 miFlat 17, Katrine Court, Shobroke Close, London, Greater London NW2 6YU2
£460K06/210.56 mi7, Wotton Road, London, Greater London NW2 6PU2
£432K12/220.56 mi45, Wotton Road, London, Greater London NW2 6PU2
£400K08/210.59 mi25, Newton Road, London, Greater London NW2 6PS2
£450K10/200.6 mi14, Newton Road, London, Greater London NW2 6PR2
£435K01/210.66 miFirst Floor Flat, 96, Ivy Road, London, Greater London NW2 6XJ2
£300K06/230.66 mi6, Temple Road, London, Greater London NW2 6QB2
£509K11/230.67 mi85, Temple Road, London, Greater London NW2 6PN2
£530K02/210.67 mi52, Hamilton Road, London, Greater London NW10 1NE2
£546K11/220.67 mi104, Mora Road, London, Greater London NW2 6TE2
£360K05/210.71 mi23a, Temple Road, London, Greater London NW2 6PJ2
£475K03/230.74 mi47b, Prout Grove, London, Greater London NW10 1PU2
£460K08/230.74 miGround Floor Flat, 38, Mora Road, London, Greater London NW2 6TG2
£495K12/200.77 miFlat A, 20, Ivy Road, London, Greater London NW2 6SX2
£315K01/210.78 mi91, Aboyne Road, London, Greater London NW10 0EY2
£500K09/210.8 miGround Floor Flat, 7, Ivy Road, London, Greater London NW2 6SU2
£493K08/210.81 miFlat 10, Trinity Court, Anson Road, London, Greater London NW2 6AZ2
£218K12/200.82 miFirst Floor Flat, 196a, West Hendon Broadway, London, Greater London NW9 7EE2
£360K04/230.83 mi398, Neasden Lane North, London, Greater London NW10 0BT2
£345K06/210.84 mi13a, Dallas Road, London, Greater London NW4 3JB2
£370K09/230.84 mi53a, Dallas Road, London, Greater London NW4 3JB2
£495K02/210.85 mi15a, Cedar Road, London, Greater London NW2 6SS2
£255.5K01/230.87 mi25a, Cooper Road, London, Greater London NW10 1BG2
£385K08/230.9 mi24a, Brendon Avenue, London, Greater London NW10 1SS2
£295K06/210.9 mi130, Braemar Avenue, London, Greater London NW10 0DP2
£253K10/200.9 mi105, Braemar Avenue, London, Greater London NW10 0DT2
£430K04/210.91 mi224, Chapter Road, London, Greater London NW2 5NB2
£382K09/210.92 miFlat 130, Ashford Court, Ashford Road, London, Greater London NW2 6BT2
£395K09/210.94 mi12a, Deacon Road, London, Greater London NW2 5QH2
£365K06/210.94 mi129, Deacon Road, London, Greater London NW2 5NJ2
£300K08/210.95 mi99a, Riffel Road, London, Greater London NW2 4PG2
£460K04/210.95 mi83, Riffel Road, London, Greater London NW2 4PG2
£400K03/230.95 mi49a, Deacon Road, London, Greater London NW2 5NL2
£429.9K02/210.95 mi61a, Deacon Road, London, Greater London NW2 5NL2
£490K08/230.97 mi19a, Deacon Road, London, Greater London NW2 5NP2
£305K04/230.97 mi16, Harp Island Close, London, Greater London NW10 0DF2
£695K12/200.98 miFirst Floor Flat, 95, Anson Road, London, Greater London NW2 4AB2
£260K06/210.98 mi6, Braemar Avenue, London, Greater London NW10 0DJ2

Local Rents

49 rents from £1.6K/mo to £5.1K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£1,80006/240.06 miComber Close, NW22
£3,50011/240.14 mi-2
£1,89806/240.21 miBrook Road, Dollis Hill NW22
£1,75009/240.21 miWestmeath House, London, NW22
£1,75010/240.21 mi-2
£1,99912/240.21 mi-2
£1,99901/250.21 mi-2
£1,95008/240.24 miDollis Hill Lane, London, NW22
£2,10001/250.24 mi-2
£2,20007/240.24 mi-2
£1,95006/240.25 mi-2
£1,95006/240.25 miDollis Hill, London, NW22
£2,30012/240.25 mi-2
£1,71506/240.25 miDelta Court, Coles Green Road2
£1,67506/240.25 miDelta Court, Coles Green Road2
£2,00007/240.3 mi-2
£2,00011/240.3 mi-2
£2,14506/240.31 miCollins Building, 2 Wilkinson Close, London, NW22
£2,50003/250.31 mi-2
£1,80006/240.31 miShepherds Walk, London2
£2,20002/250.32 mi-2
£2,00011/240.37 mi-2
£2,00001/250.37 mi-2
£1,74607/240.37 miDollis Hill Lane, Dollis Hill NW2 2
£1,65008/240.39 miTanfield Avenue, London, NW22
£2,10001/250.41 mi-2
£2,20003/250.44 mi-2
£2,20006/240.45 miCampbell Gordon Way, London, NW22
£2,20006/240.45 mi-2
£1,88507/240.45 miCampbell Gordon Way, London, NW22
£2,00001/250.47 mi-2
£1,90003/250.47 mi-2
£2,30010/240.48 mi-2
£2,38002/250.48 mi-2
£2,20001/250.48 mi-2
£2,45007/240.52 miWilkinson Close, Cricklewood, London, NW22
£2,25006/240.53 miWilkinson Close, London, NW22
£3,50008/240.53 mi-2
£3,50008/240.53 mi-2
£2,00007/240.54 mi-2
£2,00006/240.54 miPark View Road, London, NW102
£2,35006/240.54 miGladstone Park Gardens, London, NW22
£2,35006/240.54 mi-2
£2,25007/240.54 miMark Twain Drive, London, NW22
£5,09111/240.54 mi-2
£4,79101/250.54 mi-2
£2,99503/250.54 mi-2
£3,15002/250.54 mi-2
£3,40003/250.54 mi-2

Local Area Statistics

Population in NW2

67,393

Population in London

4,771,921

Town centre distance

6.13 miles away

Nearest school

0.20 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Buyer's market

Capital growth (5yrs)

+17%

Property History

Listed for £375,000

December 13, 2024

Floor Plans

Description

  • • Secure entry phone system +
  • • Two double bedrooms +
  • • Gas central heating +
  • • Spacious fitted kitchen +
  • • Double glazing +
  • • Bathroom +
  • • Separate WC +
  • • Own private balcony +
  • • Communal gardens +
  • • Residents parking +

A spacious ex-local authority two double bedroom first floor flat set in a purpose built development. The property benefits from entry phone system and has its own private balcony. The property is ideal for both first time buyers and investors alike. Viewing is highly recommended. Local bus services and schools are within a few hundred yards at Crest Road. Gross internal floor area of 791 sq ft (74 sq m) approximately.

Agent Details

Hoopers, Neasden

020 3872 5329

Next Steps?

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