2 Bed Flat, Single Let, London, NW2 5PE, £400,000

Belton Road, London, NW2 5PE - 3 months ago

Leasehold
BTL
~64 m²
+4 photos

ValuationUndervalued

Sold Prices£146K - £850K
Sold Prices/m²£1.6K/m² - £23K/m²

 

 

Square Metres

~64 m²
Price/m²£6.3K/m²

Value Estimate

£463,054
BMV16%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Total Cash In

£120,700

 

 

Cash Out

 

Rent Range

£1,650 - £2,950

Rent Estimate

£1,550

Running Costs/mo

£1,580

Cashflow/mo

£-30

Cashflow/yr

£-360

Gross Yield

5%

Local Sold Prices

50 sold prices from £146K to £850K, average is £435K. £1.6K/m² to £23K/m², average is £7.2K/m².

PriceDateDistanceAddressBeds 
£400K03/230.04 mi49a, Deacon Road, London, Greater London NW2 5NL2
£429.9K02/210.05 mi61a, Deacon Road, London, Greater London NW2 5NL2
£490K08/230.05 mi19a, Deacon Road, London, Greater London NW2 5NP2
£395K09/210.06 mi12a, Deacon Road, London, Greater London NW2 5QH2
£430K04/210.08 mi224, Chapter Road, London, Greater London NW2 5NB2
£340K12/230.1 mi22b, Chaplin Road, London, Greater London NW2 5PN2
£350K03/210.11 miGround Floor Flat, 137, Sandringham Road, London, Greater London NW2 5EJ2
£470K01/230.13 miGround Floor Flat, 109a, Churchill Road, London, Greater London NW2 5EH2
£365K06/210.14 mi129, Deacon Road, London, Greater London NW2 5NJ2
£390K02/230.16 mi101a, Churchill Road, London, Greater London NW2 5EG2
£414K03/210.19 miGround Floor Flat, 15, Balmoral Road, London, Greater London NW2 5DX2
£465K05/210.21 mi98a, Chapter Road, London, Greater London NW2 5LR2
£423K01/210.22 miFlat B, 24, Churchill Road, London, Greater London NW2 5EA2
£468K10/210.23 miGround Floor Flat, 30, Osborne Road, London, Greater London NW2 5DP2
£490K11/200.23 mi36a, Osborne Road, London, Greater London NW2 5DP2
£380K01/230.24 mi111, Pound Lane, London, Greater London NW10 2HU2
£255.5K01/230.25 mi25a, Cooper Road, London, Greater London NW10 1BG2
£460K04/230.27 mi39a, Huddlestone Road, London, Greater London NW2 5DL2
£445K07/230.28 miFlat 7, Balgove Court, Eden Grove, London, Greater London NW10 2TJ2
£500K08/230.28 mi14b, Beaconsfield Road, London, Greater London NW10 2JG2
£530K02/210.34 mi52, Hamilton Road, London, Greater London NW10 1NE2
£570K12/200.38 miGarden Flat, 7, Kings Road, London, Greater London NW10 2BL2
£475K12/200.38 mi12a, Harlesden Road, London, Greater London NW10 2BX2
£635K12/200.39 mi67, Newman Close, London, Greater London NW10 2EF2
£550K01/230.39 mi15, Newman Close, London, Greater London NW10 2EF2
£146K10/230.4 miFirst Floor Flat, 26, Kings Road, London, Greater London NW10 2BP2
£482.5K08/230.42 miGround Floor Flat, 213, Harlesden Road, London, Greater London NW10 3SD2
£400K07/230.42 miFlat 3, Victoria Mansions, Grange Road, London, Greater London NW10 2RG2
£465K03/210.44 mi102, Chambers Lane, London, Greater London NW10 2RP2
£300K08/210.46 mi99a, Riffel Road, London, Greater London NW2 4PG2
£460K04/210.46 mi83, Riffel Road, London, Greater London NW2 4PG2
£625K12/230.5 mi21b, Staverton Road, London, Greater London NW2 5EY2
£180K03/230.52 miFlat 85, Donnington Court, Donnington Road, London, Greater London NW10 3TJ2
£500K06/210.53 mi91, Chambers Lane, London, Greater London NW10 2RN2
£350K05/210.53 mi37, Robson Avenue, London, Greater London NW10 3SZ2
£355K06/210.54 mi174, Roundwood Road, Willesden, London, Greater London NW10 3UG2
£382.5K09/230.54 mi166, Roundwood Road, Willesden, London, Greater London NW10 3UG2
£425K03/230.54 mi226, Roundwood Road, Willesden, London, Greater London NW10 3UG2
£440K06/210.56 mi39a, Roundwood Road, London, Greater London NW10 9TP2
£785K01/240.56 mi10a, Heathfield Park, London, Greater London NW2 5JD2
£493K08/210.6 miFlat 10, Trinity Court, Anson Road, London, Greater London NW2 6AZ2
£850K02/210.6 miGround Floor Flat, 2, Blenheim Gardens, London, Greater London NW2 4NS2
£395K01/230.61 miSecond Floor Flat, 16, Blenheim Gardens, London, Greater London NW2 4NS2
£360K04/230.62 mi19a, Oldfield Road, London, Greater London NW10 9UD2
£725K08/230.63 mi10, Rutland Park Gardens, London, Greater London NW2 4RG2
£346K08/210.65 mi65c, Oldfield Road, London, Greater London NW10 9UT2
£346K12/200.65 mi115b, Oldfield Road, London, Greater London NW10 9UT2
£335K06/210.65 miGround Floor Flat, 113, Oldfield Road, London, Greater London NW10 9UT2
£475K03/230.68 mi47b, Prout Grove, London, Greater London NW10 1PU2
£620K04/210.69 miGround Floor Flat, 47, Melrose Avenue, London, Greater London NW2 4LH2

Local Rents

50 rents from £1.6K/mo to £3K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£1,75002/250.02 mi-2
£1,79907/240.04 miBelton Road, London, NW2 5PE2
£1,82006/240.05 miBelton Road, Willesden Green NW22
£2,30008/240.05 miDeacon Road, London, NW22
£2,30008/240.05 mi-2
£1,90006/240.07 miChaplin Road, Willesden, NW22
£2,38408/240.07 miChapter Road, Willesden, London, NW22
£2,25007/240.07 miChaplin Road, Willesden, London, NW22
£2,25008/240.07 miChaplin Road, Willesden, London, NW22
£1,80009/240.07 mi-2
£1,80008/240.07 miChapter Road, London, NW22
£1,90005/240.08 mi-2
£1,86306/240.08 miChapter Road, Willesden Green NW22
£1,90206/240.08 miSandringham Road, Willesden2
£1,84607/240.08 miChapter Road, Willesden Green2
£1,65003/250.09 mi-2
£1,65003/250.09 mi-2
£2,00010/240.1 mi-2
£1,75007/240.1 miChaplin Road, London2
£2,25008/240.11 mi-2
£2,20010/240.11 mi-2
£2,50009/240.13 mi-2
£1,80006/240.14 miChaplin Road, Willesden Green, London2
£1,69906/240.15 miChurchill Road, Willesden2
£1,70307/240.15 miChapter Road, Willesden Green2
£1,80008/240.15 miChurchill Road, London, NW22
£2,20010/240.16 mi-2
£1,95006/240.17 miWindsor Road, Willesden, NW22
£1,95007/240.17 miWindsor Road, Willesden, NW22
£1,90007/240.18 miSandringham Road, London2
£2,10001/250.18 mi-2
£2,44806/240.19 mi-2
£2,44806/240.19 mi-2
£2,38306/240.19 mi-2
£2,30007/240.19 mi-2
£1,95007/240.21 miColin Road, Wilesden2
£1,85008/240.21 miDudden Hill Lane, London, NW102
£2,20003/240.23 miLitchfield Gardens, London, NW102
£2,10007/240.23 miHigh Road, London, NW102
£2,10008/240.23 mi-2
£2,10007/240.24 miHigh Road, Willesden, London, NW102
£2,16707/240.25 miPound Lane, Willesden, NW102
£2,41504/250.25 mi-2
£2,05008/240.25 miHuddlestone, Willesden Green2
£2,30006/240.25 mi-2
£2,10011/240.26 mi-2
£2,95008/240.27 miWillesden Green, Willesden Green, London, NW22
£2,05008/240.27 miHuddlestone Road, Willesden Green, NW22
£1,94907/240.27 miBeautiful 2 Bed Flat, High Road, Willesden Green, NW10 2PP2
£1,72501/250.28 mi-2

Local Area Statistics

Population in NW2

67,393

Population in London

4,771,921

Town centre distance

5.80 miles away

Nearest school

0.60 miles away

Nearest train station

0.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Buyer's market

Capital growth (5yrs)

+17%

Property History

Listed for £400,000

January 7, 2025

Floor Plans

Description

  • Investors Only +
  • Tenants in Situ - 4.65% Yield +
  • Ground Floor Flat +
  • 2 Bedrooms +
  • 2 Bathrooms +
  • Conservatory +
  • 689 Sq. Ft +
  • Rear Garden +
  • 94 Year Lease +
  • 10-Minute Walk to Dollis Hill Station +

* INVESTORS ONLY - TENANTS IN SITU *

We are pleased to present to the market this 2-bedroom ground floor apartment on Belton Road in the vibrant neighbourhood of Willesden, north-west London. This property represents an excellent investment opportunity, currently occupied by tenants paying £1,550 per calendar month, yielding an impressive 4.65% return.

The well-designed accommodation features a front-facing living room, perfect for relaxation or entertaining. The fitted kitchen is equipped to meet all culinary needs. Two double bedrooms provide ample space and comfort, while two bathrooms offer convenience and privacy. A charming conservatory adds a unique touch to the property.

One of the standout features of this apartment is its private rear garden, a rarity for many London properties. This outdoor space offers a peaceful retreat and potential for green-fingered enthusiasts.

Situated in the heart of Willesden, the property enjoys a prime location with easy access to a wide array of local amenities and shops. For commuters, Dollis Hill Underground Station is less than a 10-minute walk away, providing swift access to central London via the Jubilee line.

Given its attractive features, prime location, and strong rental yield, we strongly recommend viewing this property to fully appreciate the exceptional investment opportunity it presents. Don't miss the chance to add this promising asset to your portfolio.

Agent Details

Sold.co.uk, London

020 3840 3803

Next Steps?

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