2 Bed Flat, Single Let, London, NW2 6PF £345,000

DORCHESTER COURT, 50 Gratton Terrace, London, Greater London, NW2 6PF - a year ago

Leasehold

BTL

ROI: 3%

~62 m²

ValuationUndervalued

Sold Prices	£164K - £688.4K
Sold Prices/m²	£3K/m² - £9.4K/m²

Square Metres	~62 m²
Price/m²	£5.6K/m²
Value Estimate	£427,800£427,800
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£86,250£86,250
Stamp Duty & Legal Fees	£25,700£25,700
Total Cash In	£111,950£111,950

Cash Out
Rent Range	£1,452 - £6,500£1,452 - £6,500
Rent Estimate	£1,756
Running Costs/mo	£1,449£1,449
Cashflow/mo	£307£307
Cashflow/yr	£3,680£3,680
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £164K to £688.4K, average is £431K. £3K/m² to £9.4K/m², average is £7.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£460K	08/23	0.15 mi	Ground Floor Flat, 38, Mora Road, London, Greater London NW2 6TG	£7,789	59	2	Flat
£300K	06/23	0.17 mi	6, Temple Road, London, Greater London NW2 6QB	-	-	2	Flat
£335K	01/25	0.18 mi	Debham Court, 29, Pinemartin Close, London NW2 6YX	£5,982	56	2	Flat
£325K	06/21	0.19 mi	Flat 17, Katrine Court, Shobroke Close, London, Greater London NW2 6YU	-	-	2	Flat
£509K	11/23	0.21 mi	85, Temple Road, London, Greater London NW2 6PN	£7,485	68	2	Flat
£400K	08/21	0.24 mi	25, Newton Road, London, Greater London NW2 6PS	£5,405	74	2	Flat
£460K	06/21	0.25 mi	7, Wotton Road, London, Greater London NW2 6PU	£6,301	73	2	Flat
£432K	12/22	0.25 mi	45, Wotton Road, London, Greater London NW2 6PU	£7,082	61	2	Flat
£546K	11/22	0.26 mi	104, Mora Road, London, Greater London NW2 6TE	£8,029	68	2	Flat
£688.4K	07/25	0.27 mi	37, Larch Road, London NW2 6SG	-	-	2	Flat
£500K	09/21	0.27 mi	Ground Floor Flat, 7, Ivy Road, London, Greater London NW2 6SU	-	-	2	Flat
£428K	04/24	0.29 mi	53, Ivy Road, London NW2 6SY	£7,643	56	2	Flat
£249K	07/23	0.3 mi	79, Woodvale Way, London, Greater London NW11 8SQ	£4,788	52	2	Flat
£410K	09/23	0.31 mi	17, Woodvale Way, London, Greater London NW11 8SF	£8,039	51	2	Flat
£295K	09/23	0.33 mi	82, Mascotts Close, London, Greater London NW2 6NS	-	-	2	Flat
£382K	09/21	0.34 mi	Flat 130, Ashford Court, Ashford Road, London, Greater London NW2 6BT	-	-	2	Flat
£540K	06/25	0.35 mi	Ground Floor Flat, 57, Olive Road, London NW2 6UN	£7,826	69	2	Flat
£540K	06/25	0.35 mi	Ground Floor Flat, 57, Olive Road, London NW2 6UN	-	-	2	Flat
£164K	01/25	0.37 mi	Crown Terrace, 1, Cricklewood Lane, Cricklewood, London NW2 1EY	£3,037	54	2	Flat
£343K	08/25	0.4 mi	115, Clitterhouse Road, Cricklewood, London NW2 1DL	-	-	2	Flat
£375K	06/21	0.44 mi	Flat C, 40, Lichfield Road, London, Greater London NW2 2RG	£6,579	57	2	Flat
£400K	01/25	0.45 mi	44, Flat B, Lichfield Road, Cricklewood, London NW2 2RG	£8,000	50	2	Flat
£560K	02/25	0.46 mi	2 Coleby House, Flat 25, Woodley Crescent, Cricklewood, London NW2 2DL	£7,467	75	2	Flat
£487.5K	03/25	0.47 mi	4, 46 York Mansions, Chichele Road, London NW2 3DE	-	-	2	Flat
£535K	07/23	0.49 mi	19a, Caddington Road, London, Greater London NW2 1RP	-	-	2	Flat
£550K	12/22	0.5 mi	37, Caddington Road, London, Greater London NW2 1RP	-	-	2	Flat
£394.8K	12/22	0.5 mi	Flat 8b, Chichele Mansions, Chichele Road, London, Greater London NW2 3DG	-	-	2	Flat
£493K	08/21	0.51 mi	Flat 10, Trinity Court, Anson Road, London, Greater London NW2 6AZ	-	-	2	Flat
£335K	02/25	0.52 mi	76, Campbell Gordon Way, London NW2 6RW	£6,442	52	2	Flat
£656K	07/23	0.59 mi	Flat A, 194, Fordwych Road, London, Greater London NW2 3NX	£9,371	70	2	Flat
£525K	03/25	0.59 mi	99b, Chichele Road, London NW2 3AT	£7,955	66	2	Flat
£400K	05/25	0.59 mi	Flat 2, 47, Melrose Avenue, London NW2 4LH	£7,779	51	2	Flat
£400K	05/25	0.59 mi	Flat 2, 47, Melrose Avenue, London NW2 4LH	-	-	2	Flat
£395K	08/23	0.6 mi	Flat 12, Avenue Court, Farm Avenue, London, Greater London NW2 2PT	-	-	2	Flat
£485K	08/23	0.6 mi	Flat D, 145, Walm Lane, London, Greater London NW2 3AU	£4,372	111	2	Flat
£378.5K	03/23	0.6 mi	96, Coles Green Road, London, Greater London NW2 7ES	£7,885	48	2	Flat
£555K	01/23	0.63 mi	221, Fordwych Road, London, Greater London NW2 3NH	-	-	2	Flat
£560K	02/23	0.63 mi	First Floor Flat, 80, Blenheim Gardens, London, Greater London NW2 4NT	£7,179	78	2	Flat
£430K	03/23	0.65 mi	Flat 9, Greencrest Place, Dollis Hill Lane, London, Greater London NW2 6HF	-	-	2	Flat
£449K	02/25	0.69 mi	40, Blenheim Gardens, London NW2 4NS	£5,589	80	2	Flat
£510K	04/25	0.69 mi	23, Stanley Gardens, London NW2 4QH	£7,062	72	2	Flat
£510K	04/25	0.69 mi	23b, Stanley Gardens, London NW2 4QH	£6,623	77	2	Flat
£546K	12/24	0.7 mi	208, Flat 2, Walm Lane, London NW2 3BP	£7,479	73	2	Flat
£300K	08/21	0.71 mi	99a, Riffel Road, London, Greater London NW2 4PG	-	-	2	Flat
£395K	01/23	0.75 mi	Second Floor Flat, 16, Blenheim Gardens, London, Greater London NW2 4NS	£6,394	62	2	Flat
£200K	11/23	0.78 mi	Flat 87, Longberrys, Cricklewood Lane, London, Greater London NW2 2TG	-	-	2	Flat
£625K	12/22	0.83 mi	Second Floor Flat, 18, Minster Road, London, Greater London NW2 3RB	-	-	2	Flat
£560K	06/21	0.86 mi	66a, Minster Road, London, Greater London NW2 3RG	£7,000	80	2	Flat
£390K	11/23	0.87 mi	Flat 18, Cipher Court, Flowers Close, London, Greater London NW2 7BF	-	-	2	Flat
£380.5K	04/23	0.87 mi	Flat 7, Cipher Court, Flowers Close, London, Greater London NW2 7BF	-	-	2	Flat

Local Rents

49 rents from £1.5K/mo to £6.5K/mo, average is £2.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,100	06/24	0.08 mi	Midland Terrace, Cricklewood, NW2	2	Terraced House
£2,200	07/25	0.08 mi	Midland Terrace, Cricklewood, NW2	2	Terraced House
£1,995	11/25	0.08 mi	Midland Terrace, Cricklewood, NW2	2	Terraced House
£1,995	10/25	0.08 mi	Midland Terrace, Cricklewood, NW2	2	Terraced House
£2,100	10/25	0.1 mi	-	2	Flat
£2,400	09/24	0.11 mi	-	2	Terraced House
£2,600	09/24	0.11 mi	-	2	Terraced House
£2,600	11/25	0.11 mi	-	2	Terraced House
£2,600	08/24	0.11 mi	Johnston Terrace, London, NW2	2	Terraced House
£1,452	06/25	0.13 mi	Stoll Close, Cricklewood NW2	2	Flat
£1,750	06/24	0.14 mi	Cricklewood Broadway, London, NW2	2	Flat
£2,000	09/25	0.15 mi	-	2	Detached House
£2,150	06/24	0.16 mi	Needham Terrace NW2	2	Terraced House
£2,015	11/25	0.17 mi	-	2	Flat
£1,800	06/25	0.17 mi	Pine Road, London, NW2	2	Flat
£1,798	07/24	0.18 mi	Pine Road, Cricklewood	2	Flat
£1,798	08/24	0.18 mi	Pine Road, Cricklewood	2	Flat
£1,751	11/25	0.18 mi	Pine Road, Cricklewood	2	Flat
£2,998	10/25	0.18 mi	20 Parkview Avenue, London, NW2	2	Flat
£2,496	10/25	0.18 mi	Parkview Avenue, Ashbee House, Brent Cross Town, NW2	2	Flat
£3,000	10/25	0.18 mi	Parkview Avenue Brent Cross NW2	2	Flat
£2,496	11/25	0.18 mi	Parkview Avenue, Ashbee House, Brent Cross Town, NW2	2	Flat
£2,100	10/25	0.18 mi	-	2	Flat
£2,100	10/25	0.18 mi	Debham Court, London, NW2	2	Flat
£1,750	08/24	0.18 mi	Debham Court, Pinemartin Close, London, NW2	2	Flat
£2,100	11/25	0.19 mi	-	2	Flat
£2,500	08/25	0.19 mi	Larch Road, Cricklewood, NW2	2	Flat
£2,600	10/25	0.2 mi	Temple Road, NW2	2	Flat
£2,200	10/25	0.2 mi	-	2	Flat
£2,100	08/25	0.2 mi	Larch Road, London, NW2	2	Flat
£2,100	08/25	0.2 mi	-	2	Flat
£1,846	10/25	0.21 mi	Pine Road, Cricklewood	2	Flat
£6,500	06/24	0.21 mi	Wotton Road, Gladstone Park, NW2	2	Flat
£5,118	06/24	0.22 mi	-	2	Flat
£2,400	02/24	0.22 mi	-	2	Flat
£2,500	11/25	0.22 mi	Parkview Avenue Brent Cross Town NW2	2	Flat
£2,350	06/24	0.23 mi	-	2	Flat
£2,350	06/24	0.23 mi	Gladstone Park Gardens, London, NW2	2	Flat
£5,091	11/24	0.23 mi	-	2	Flat
£4,791	01/25	0.23 mi	-	2	Flat
£2,595	10/25	0.23 mi	-	2	Flat
£2,350	11/25	0.24 mi	Larch Road, London, NW2	2	Flat
£2,275	08/24	0.24 mi	Larch Road, Gladstone Park, London, NW2	2	Flat
£2,250	10/25	0.24 mi	Larch Road, Gladstone Park, London, NW2	2	Flat
£2,200	06/24	0.24 mi	-	2	Flat
£2,200	09/25	0.25 mi	Wotton Road, NW2	2	Flat
£2,250	07/24	0.25 mi	Mora Road, London, NW2	2	Flat
£2,100	10/25	0.25 mi	Newton Road, Cricklewood, London	2	Flat
£1,900	08/25	0.25 mi	Cricklewood Broadway, London, NW2	2	Flat

Local Area Statistics

Population in NW2	67,31767,317
Population in London	4,771,9214,771,921
Town centre distance	5.41 miles away5.41 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.37 miles away0.37 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-5%-5%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+20%+20%

Property History

Price changed to £345,000

January 19, 2025

Listed for £359,950

January 3, 2025

Sold for £190,000

2008

Sold for £126,000

2003

Floor Plans

Description

Ground Floor +
Two Bedrooms +
Open Plan +
Communal Gardens +
Off-Street Parking +
No Onward Chain +

This two bedroom ground floor purpose-built flat offers in excess of 500 sq.ft of accommodation and benefits from an open plan kitchen/reception room, two bedrooms, a bathroom, communal gardens, and off-street parking.

Gratton Terrace is a quiet residential street, just 0.4 miles from Cricklewood Broadway and its array of cafes, shops and supermarkets as well as great transport links including Cricklewood station (Thameslink), road links and numerous bus routes.

Tenure: Leasehold Lease Years Remaining: 87
Service Charge: £1,200
Annual Ground Rent: £200
Council Tax Band: C

Information contained within this listing is for guidance only and should be checked and confirmed (prior to proceeding).

Agent Details

Dexters, Cricklewood

020 7794 7710

Next Steps?

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