2 Bed Flat, Single Let, London, NW7 1BY, £400,000

Farrier House, 56 Thirleby Road, Mill Hill, NW7 1BY - 1 views - 4 months ago

Leasehold

BTL

ROI: 1%

~66 m²

+4 photos

ValuationUndervalued

Sold Prices	£228.8K - £653K
Sold Prices/m²	£3.7K/m² - £9.3K/m²

Square Metres	~65.90 m²
Price/m²	£6.1K/m²
Value Estimate	£439,333£439,333
BMV	10%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£100,000£100,000
Stamp Duty & Legal Fees	£28,700£28,700
Total Cash In	£128,700£128,700

Cash Out
Rent Range	£1,700 - £3,000£1,700 - £3,000
Rent Estimate	£1,763
Running Costs/mo	£1,623£1,623
Cashflow/mo	£140£140
Cashflow/yr	£1,685£1,685
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £228.8K to £653K, average is £407.5K. £3.7K/m² to £9.3K/m², average is £6.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£395K	06/21	0.27 mi	73, Bray Road, London, Greater London NW7 1SL	£5,896	67	2	Flat
£325K	03/23	0.27 mi	121, Bray Road, London, Greater London NW7 1SL	-	-	2	Flat
£355K	09/21	0.47 mi	11, Sanders Lane, London, Greater London NW7 1BX	£4,914	72	2	Flat
£340K	03/23	0.5 mi	Flat 33, Bittacy Court, Bittacy Hill, London, Greater London NW7 1HY	-	-	2	Flat
£410K	12/20	0.53 mi	6, Thornbury Close, London, Greater London NW7 1HH	£6,833	60	2	Flat
£400K	03/21	0.53 mi	38, Shillingford Close, London, Greater London NW7 1HQ	£6,667	60	2	Flat
£400K	02/24	0.54 mi	9, Shillingford Close, London, Greater London NW7 1HQ	£6,154	65	2	Flat
£400K	04/21	0.54 mi	40, Shillingford Close, London, Greater London NW7 1HQ	£6,667	60	2	Flat
£395K	07/23	0.54 mi	29, Shillingford Close, London, Greater London NW7 1HQ	£7,054	56	2	Flat
£535K	06/21	0.54 mi	5, Honiton Gardens, London, Greater London NW7 1GF	-	-	2	Flat
£405K	06/21	0.54 mi	10, Honiton Gardens, London, Greater London NW7 1GF	£6,778	60	2	Flat
£350K	11/20	0.55 mi	11a, Bittacy Hill, London, Greater London NW7 1HS	£4,487	78	2	Flat
£228.8K	09/23	0.59 mi	12a, Bittacy Hill, London, Greater London NW7 1LB	-	-	2	Flat
£420K	06/21	0.59 mi	20, Seaton Square, London, Greater London NW7 1GB	£7,073	59	2	Flat
£325K	02/23	0.6 mi	16, Seaton Square, London, Greater London NW7 1GB	£5,603	58	2	Flat
£286K	06/21	0.6 mi	Flat 15, Dollis Croft, Bittacy Hill, London, Greater London NW7 1HP	-	-	2	Flat
£450K	12/22	0.63 mi	28, Gordon Road, London, Greater London N3 1EJ	£5,921	76	2	Flat
£343.5K	04/23	0.64 mi	20, Frith Court, London, Greater London NW7 1JP	-	-	2	Flat
£391.8K	03/21	0.64 mi	12, Frith Court, London, Greater London NW7 1JP	£6,122	64	2	Flat
£375K	06/21	0.64 mi	33, Frith Court, London, Greater London NW7 1JP	£5,859	64	2	Flat
£415K	11/20	0.64 mi	51, Grosvenor Road, London, Greater London N3 1EY	£6,684	62	2	Flat
£460K	04/21	0.65 mi	18, Grosvenor Road, London, Greater London N3 1EX	£7,077	65	2	Flat
£450K	06/21	0.66 mi	61, Grosvenor Road, London, Greater London N3 1EY	£7,258	62	2	Flat
£575K	05/21	0.66 mi	45, Grosvenor Road, London, Greater London N3 1EY	£9,271	62	2	Flat
£235K	12/20	0.66 mi	70, Eversleigh Road, London, Greater London N3 1JA	£3,730	63	2	Flat
£305K	02/21	0.66 mi	Flat 20, Thornfield Court, Holders Hill Road, London, Greater London NW7 1LW	-	-	2	Flat
£410K	04/21	0.69 mi	Ground Floor Maisonette, 83, Dollis Road, London, Greater London N3 1RD	-	-	2	Flat
£450K	08/23	0.7 mi	55a, Dollis Road, London, Greater London N3 1RD	-	-	2	Flat
£436K	03/21	0.7 mi	55b, Dollis Road, London, Greater London N3 1RD	£7,267	60	2	Flat
£460K	06/21	0.7 mi	70a, Elm Park Road, London, Greater London N3 1EB	-	-	2	Flat
£590K	12/20	0.71 mi	Ground Floor Flat, 25, Elm Park Road, London, Greater London N3 1EG	£8,939	66	2	Flat
£415K	04/21	0.76 mi	15a, Dollis Road, London, Greater London N3 1RB	-	-	2	Flat
£370K	12/20	0.79 mi	26, Springfield Close, London, Greater London N12 7NT	£6,176	60	2	Flat
£415K	07/23	0.79 mi	10, Springfield Close, London, Greater London N12 7NT	£7,155	58	2	Flat
£620K	06/21	0.79 mi	4, Howcroft Crescent, London, Greater London N3 1PB	£7,045	88	2	Flat
£653K	06/21	0.8 mi	157, Holders Hill Road, London, Greater London NW7 1ND	-	-	2	Flat
£390K	09/22	0.8 mi	12a, Milespit Hill, London, Greater London NW7 2PL	£6,500	60	2	Flat
£398K	06/23	0.82 mi	Flat 13, Western Court, Huntly Drive, London, Greater London N3 1NX	-	-	2	Flat
£425K	04/21	0.83 mi	Flat 11, Dollis Court, Crescent Road, London, Greater London N3 1HR	-	-	2	Flat
£430K	01/21	0.83 mi	Flat 8, The Laurels, Nether Street, London, Greater London N3 1NP	-	-	2	Flat
£415K	06/21	0.87 mi	First Floor Flat, 60, Avondale Avenue, London, Greater London N12 8EN	£6,569	63	2	Flat
£500K	06/21	0.9 mi	57, Dollis Park, London, Greater London N3 1HJ	£7,042	71	2	Flat
£405K	03/23	0.93 mi	Flat 17, Norman Court, Nether Street, London, Greater London N3 1QQ	-	-	2	Flat
£430K	06/21	0.93 mi	27a, Holden Road, London, Greater London N12 8HS	£4,886	88	2	Flat
£410K	09/21	0.94 mi	Flat 5, Gainsborough Court, Nether Street, London, Greater London N12 8AE	-	-	2	Flat
£320K	02/21	0.94 mi	Flat 18, Gainsborough Court, Nether Street, London, Greater London N12 8AE	-	-	2	Flat
£340K	10/23	0.94 mi	Flat 12, Gainsborough Court, Nether Street, London, Greater London N12 8AE	-	-	2	Flat
£475K	06/21	0.94 mi	10, Falkland Avenue, London, Greater London N3 1QR	-	-	2	Flat
£472K	04/21	0.94 mi	2a, Falkland Avenue, London, Greater London N3 1QR	£6,941	68	2	Flat
£400K	03/21	0.96 mi	14a, Brownlow Road, London, Greater London N3 1NA	£6,452	62	2	Flat

Local Rents

50 rents from £1.7K/mo to £3K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,100	07/24	0.02 mi	Thirleby Road, London, NW7	2	Flat
£1,850	02/25	0.03 mi	-	2	Flat
£2,150	02/24	0.03 mi	-	2	Flat
£2,300	06/24	0.05 mi	Peacock Close, London, NW7	2	Flat
£2,200	01/24	0.06 mi	-	2	Flat
£2,500	03/25	0.06 mi	-	2	Flat
£2,500	07/24	0.06 mi	Corn House, 1 Peacock Close	2	Flat
£2,500	06/24	0.07 mi	Henry Darlot Drive, Mill Hill, London, NW7	2	Flat
£2,500	07/24	0.07 mi	Henry Darlot Drive, Mill Hill, London, NW7	2	Flat
£2,400	08/24	0.07 mi	Peacock Close, London, NW7	2	Flat
£2,300	06/24	0.07 mi	Henry Darlot Drive, London, NW7	2	Flat
£2,300	06/24	0.07 mi	-	2	Flat
£2,300	07/24	0.07 mi	-	2	Flat
£2,200	08/24	0.1 mi	-	2	Flat
£2,100	06/24	0.1 mi	Morphou Road, LONDON	2	Flat
£2,000	07/24	0.1 mi	Morphou Road, LONDON	2	Flat
£2,100	07/24	0.1 mi	Newhall House, Mill Hill East, London, NW7	2	Flat
£2,500	09/24	0.12 mi	Snowe Building, Regiment Hill, NW7	2	Flat
£2,700	07/24	0.12 mi	Maurice Browne Avenue, Mill Hill East	2	Flat
£2,495	07/24	0.12 mi	Maurice Browne Avenue, Mill Hill East	2	Flat
£2,500	06/24	0.14 mi	Fellow House, Mill Hill	2	Flat
£2,300	06/24	0.14 mi	Regiment Hill, Millbrook Park, Mill Hill East	2	Flat
£2,000	07/24	0.14 mi	Regiment Hill, Mill Hill	2	Flat
£1,850	07/24	0.14 mi	-	2	Flat
£1,850	07/24	0.14 mi	Amport Place, London, NW7	2	Flat
£2,500	04/25	0.16 mi	-	2	Flat
£3,000	08/24	0.18 mi	Griffin Building, London, NW7	2	Flat
£2,700	10/24	0.18 mi	-	2	Flat
£1,750	08/24	0.19 mi	Inglis Way, Mill Hill, London	2	Flat
£2,200	11/24	0.2 mi	-	2	Semi-Detached House
£1,850	08/24	0.2 mi	Henry Darlot Drive, Mill Hill, London	2	Flat
£1,950	02/24	0.24 mi	-	2	Flat
£2,050	02/24	0.24 mi	-	2	Flat
£2,600	07/24	0.25 mi	Inglis Way, London	2	Flat
£3,000	07/24	0.25 mi	Inglis Way, London	2	Flat
£2,600	10/24	0.25 mi	-	2	Flat
£2,253	07/24	0.26 mi	Burghley House, 18 Royal Engineers Way, London, NW7	2	Flat
£2,200	08/24	0.26 mi	Royal Engineers Way, London, NW7	2	Flat
£2,100	06/24	0.26 mi	Bray Road, London, NW7	2	Flat
£2,300	02/25	0.26 mi	-	2	Flat
£2,800	07/24	0.26 mi	Royal Engineers Way, London, NW7	2	Flat
£2,400	07/24	0.29 mi	Burghley House, Royal Engineers Way, NW7	2	Flat
£2,300	06/24	0.3 mi	Harewood Avenue, Mill Hill, London, NW7	2	Flat
£2,400	06/24	0.31 mi	Inglis Way, Mill Hill, NW7	2	Flat
£2,850	01/25	0.32 mi	-	2	Flat
£2,400	07/24	0.32 mi	Royal Engineers Way, Millbrook Park, NW7 1SX	2	Flat
£1,700	03/24	0.32 mi	Hill Court, Bittacy Road, London, NW7	2	Flat
£2,400	07/24	0.32 mi	Royal Engineers Way, Millbrook Park, NW7 1SX	2	Flat
£2,400	06/24	0.32 mi	-	2	Flat
£2,400	02/25	0.32 mi	-	2	Flat

Local Area Statistics

Population in NW7	25,13125,131
Population in London	4,771,9214,771,921
Town centre distance	7.34 miles away7.34 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.43 miles away0.43 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+15%+15%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+5%+5%

Property History

Price changed to £400,000

March 8, 2025

Price changed to £425,000

January 23, 2025

Listed for £450,000

December 21, 2024

Floor Plans

Description

Guide Price - £400,000 - £425,000 +
2 Bed +
2 Bath +
Lease 234 Years +
Residents Parking +
710 sq ft +
Private Garden +
Modern Fitted Kitchen +
0.4 Miles to Mill Hill East Station +
0.8 Miles to West Finchley Station +

Offers In excess of £425,000

LiFE Residential are proud to present this 2 bedroom apartment set in a delightful purpose built building, offering an open-plan layout with a modern finish.

Mill Hill has a number of independent beauty salons, bakeries, cafés, florists, grocers and newsagent.

The apartment is located within easy reach of Mill Hill underground station (Northern Line), Finchley Golf Club, Waitrose, Virgin Active and some of the most popular schools in the area.

Agent Details

Life Residential, North London Branch - Sales

020 7359 4488

Next Steps?

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

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