3 Bed Semi-Detached House, Planning Permission, London, NW7 4LL, £785,000

Worcester Crescent, Mill Hill, NW7 4LL - 1 views - 4 months ago

Planning

~93 m²

+14 photos

ValuationOvervalued

Sold Prices	£400K - £1.9M
Sold Prices/m²	£5K/m² - £19.8K/m²

Square Metres	~93 m²
Price/m²	£8.4K/m²
Value Estimate	£594,536£594,536

End Value (After Refurb)	£850,000£850,000
Uplift in Value	+8%+8%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£196,250£196,250
Stamp Duty & Legal Fees	£51,500£51,500
Refurb Costs	£49,200£49,200
Bridging Loan Interest	£20,606£20,606
Total Cash In	£319,306£319,306

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£850,000£850,000
Mortgage (After Refinance)	£637,500£637,500
Mortgage LTV	75%75%
Cash Released	£48,750£48,750
Cash Left In	£270,556£270,556
Equity	£212,500£212,500
Rent Range	£2,300 - £4,000£2,300 - £4,000
Rent Estimate	£2,975
Running Costs/mo	£3,271£3,271
Cashflow/mo	£-296£-296
Cashflow/yr	£-3,555£-3,555
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £400K to £1.9M, average is £621K. £5K/m² to £19.8K/m², average is £6.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£680K	03/21	0.05 mi	78, Worcester Crescent, London, Greater London NW7 4LL	£7,816	87	3	Semi-Detached House
£570K	06/23	0.11 mi	32, Ramillies Road, London, Greater London NW7 4LX	£6,552	87	3	Semi-Detached House
£662.5K	11/20	0.11 mi	58, Ramillies Road, London, Greater London NW7 4LX	£5,136	129	3	Terraced House
£499.9K	04/21	0.13 mi	13, Ramillies Road, London, Greater London NW7 4LY	£5,747	87	3	Terraced House
£602.5K	09/23	0.26 mi	5, Norbury Grove, London, Greater London NW7 4LS	-	-	3	Semi-Detached House
£530K	11/21	0.26 mi	13, Norbury Grove, London, Greater London NW7 4LS	£6,023	88	3	Semi-Detached House
£615K	09/22	0.28 mi	26, Hankins Lane, London, Greater London NW7 3AE	£7,069	87	3	Semi-Detached House
£1.7M	01/21	0.35 mi	8, Tretawn Gardens, London, Greater London NW7 4NR	£15,802	106	3	Semi-Detached House
£892.5K	12/20	0.35 mi	24, Tretawn Gardens, London, Greater London NW7 4NR	£6,330	141	3	Semi-Detached House
£1.0M	11/23	0.35 mi	87, The Reddings, London, Greater London NW7 4JP	£8,578	117	3	Detached House
£840K	06/21	0.36 mi	37, Lawrence Gardens, London, Greater London NW7 4JU	-	-	3	Semi-Detached House
£896.4K	11/20	0.36 mi	47, Lawrence Gardens, London, Greater London NW7 4JU	£7,058	127	3	Detached House
£730K	06/21	0.4 mi	14, Westfield Road, London, Greater London NW7 3BL	-	-	3	Semi-Detached House
£1.9M	12/23	0.42 mi	85, Sunnyfield, London, Greater London NW7 4RE	£19,792	96	3	Detached House
£600K	09/22	0.46 mi	14, Barnet Way, London, Greater London NW7 3BH	-	-	3	Semi-Detached House
£600K	01/21	0.47 mi	46, Barnet Way, London, Greater London NW7 3BH	£5,217	115	3	Semi-Detached House
£1.3M	04/21	0.47 mi	27, Sunnyfield, London, Greater London NW7 4RD	-	-	3	Semi-Detached House
£1.0M	09/22	0.5 mi	3, Green Avenue, London, Greater London NW7 4QB	-	-	3	Detached House
£615K	02/23	0.57 mi	3, Fernside Avenue, London, Greater London NW7 3BB	-	-	3	Semi-Detached House
£523K	03/21	0.6 mi	40, Ellesmere Avenue, London, Greater London NW7 3EY	-	-	3	Semi-Detached House
£650K	01/24	0.62 mi	85, Ellesmere Avenue, London, Greater London NW7 3HB	£5,963	109	3	Semi-Detached House
£550K	04/23	0.7 mi	20, Mount Grove, Edgware, Greater London HA8 9SX	£6,471	85	3	Semi-Detached House
£667.5K	12/22	0.75 mi	7, Langley Crescent, Edgware, Greater London HA8 9SZ	£7,335	91	3	Semi-Detached House
£675K	03/21	0.76 mi	58, Gibbs Green, Edgware, Greater London HA8 9RP	-	-	3	Semi-Detached House
£495K	11/23	0.77 mi	89, Riverdene, Edgware, Greater London HA8 9TB	-	-	3	Semi-Detached House
£650K	12/20	0.77 mi	31, Shakespeare Road, London, Greater London NW7 4BA	£6,989	93	3	Terraced House
£450K	02/21	0.77 mi	107, Fairmead Crescent, Edgware, Greater London HA8 8YR	£5,114	88	3	Semi-Detached House
£460K	03/21	0.78 mi	64, Fairmead Crescent, Edgware, Greater London HA8 8YW	-	-	3	Semi-Detached House
£575K	02/23	0.79 mi	3, Riverdene, Edgware, Greater London HA8 9TA	-	-	3	Semi-Detached House
£530K	06/23	0.79 mi	39, Riverdene, Edgware, Greater London HA8 9TA	£5,699	93	3	Semi-Detached House
£527K	06/23	0.82 mi	49, Harcourt Avenue, Edgware, Greater London HA8 8YJ	£7,027	75	3	Terraced House
£542.5K	01/21	0.83 mi	31, Magnolia Gardens, Edgware, Greater London HA8 9GH	£4,977	109	3	Terraced House
£515K	02/23	0.83 mi	39, Magnolia Gardens, Edgware, Greater London HA8 9GH	£5,988	86	3	Terraced House
£755K	06/21	0.84 mi	33, Selvage Lane, London, Greater London NW7 3SS	£6,991	108	3	Semi-Detached House
£885K	07/23	0.84 mi	40, Victoria Road, London, Greater London NW7 4RY	£9,124	97	3	Detached House
£515K	06/21	0.86 mi	58, Harcourt Avenue, Edgware, Greater London HA8 8YN	-	-	3	Semi-Detached House
£465K	04/21	0.86 mi	181, Fairmead Crescent, Edgware, Greater London HA8 8YS	£6,284	74	3	Terraced House
£895K	10/23	0.87 mi	24, Highwood Grove, London, Greater London NW7 3LY	£6,393	140	3	Detached House
£855K	01/24	0.89 mi	24, Selvage Lane, London, Greater London NW7 3SP	£5,000	171	3	Semi-Detached House
£750K	12/23	0.89 mi	26, Selvage Lane, London, Greater London NW7 3SP	-	-	3	Detached House
£495K	07/23	0.89 mi	2, Firethorn Close, Edgware, Greater London HA8 9GF	£5,824	85	3	Terraced House
£525K	11/23	0.9 mi	51, Hale Grove Gardens, London, Greater London NW7 3LT	£6,325	83	3	Terraced House
£622K	04/21	0.91 mi	47, Elmgate Gardens, Edgware, Greater London HA8 9RU	-	-	3	Semi-Detached House
£620K	02/21	0.91 mi	16, Marion Road, London, Greater London NW7 4AN	£6,739	92	3	Terraced House
£570K	06/21	0.92 mi	93, Kenilworth Road, Edgware, Greater London HA8 8XA	£5,229	109	3	Semi-Detached House
£750K	06/23	0.93 mi	19, Millway, London, Greater London NW7 3QR	-	-	3	Semi-Detached House
£885K	03/23	0.93 mi	10, Manor Drive, London, Greater London NW7 3NE	-	-	3	Semi-Detached House
£880K	08/22	0.93 mi	12, Sunbury Gardens, London, Greater London NW7 3SG	-	-	3	Detached House
£840K	01/21	0.94 mi	4, Beechwood Close, London, Greater London NW7 3LS	£6,176	136	3	Detached House
£400K	12/22	0.95 mi	18, Burrell Close, Edgware, Greater London HA8 8FH	£5,000	80	3	Terraced House

Local Rents

10 rents from £2.3K/mo to £4K/mo, average is £3K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,150	08/24	0.25 mi	Marsh Lane, Mill Hill, NW7	3	Flat
£3,150	08/24	0.26 mi	St. Hildas Mount, London, NW7	3	Flat
£2,750	08/24	0.26 mi	-	3	Flat
£2,650	12/24	0.26 mi	-	3	Flat
£4,000	06/24	0.29 mi	Austell Heights, Mill Hill NW7 4PG	3	Detached House
£2,750	07/24	0.34 mi	Lawrence Gardens, Mill Hill, NW7	3	Detached House
£3,150	06/24	0.37 mi	Westfield Road, London, NW7	3	Semi-Detached House
£3,150	07/24	0.37 mi	-	3	Semi-Detached House
£2,300	08/24	0.38 mi	Barnet Way, Mill Hill, NW7	3	Semi-Detached House
£2,700	02/24	0.5 mi	-	3	Flat

Local Area Statistics

Population in NW7	25,13125,131
Population in London	4,771,9214,771,921
Town centre distance	9.19 miles away9.19 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.08 miles away1.08 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

Listed for £785,000

January 13, 2025

Floor Plans

Description

Real Estates are delighted to offer for this well presented bright and spacious 3 bedroom semi-detached house in a sought after turning, within the catchment area and doorstep of one of Mill Hill's leading secondary schools MILL HILL COUNTY as well as COURTLANDS primary school. The property is well presented throughout with 2 receptions rooms, open plan fitted kitchen and is fully double glazed.

Further benefits include a stunning purpose built outhouse that can be used as an office or studio. In addition the property has planning permission approved for extensions and a recently fitted boiler system. Externally the garden measures approx. 70 ft and backs onto woodlands.. Own driveway to the front for two cars.

Worcester Crescent is approximately 1 mile from the amenities at Mill Hill Broadway including the Thameslink Station. The open spaces of Mill Hill Park and Arrandene are close by as is Mill Hill Golf Club and the popular Rising Sun restaurant.

Viewing highly recommended via our Totteridge office. Sole Agent.

Agent Details

Real Estates, Totteridge

020 3906 2143

Next Steps?

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

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3 Bed Semi-Detached House, Planning Permission, London, NW7 4LL, £785,000

ValuationOvervalued

Investment OpportunityOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Local Sold Prices

Local Rents