2 Bed Flat, Single Let, London, NW7 1PQ, £600,000

Royal Engineers Way, Mill Hill, NW7 1PQ - 3 views - 3 months ago

Leasehold

BTL

~119 m²

+11 photos

ValuationUndervalued

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

Square Metres	~119.20 m²
Price/m²	£5K/m²
Value Estimate	£732,000£732,000
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£150,000£150,000
Stamp Duty & Legal Fees	£48,700£48,700
Total Cash In	£198,700£198,700

Cash Out
Rent Range	£1,700 - £4,500£1,700 - £4,500
Rent Estimate	£1,850
Running Costs/mo	£2,265£2,265
Cashflow/mo	£-415£-415
Cashflow/yr	£-4,980£-4,980
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £228.8K to £653K, average is £410K. £3.7K/m² to £9.3K/m², average is £6.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£395K	06/21	0.21 mi	73, Bray Road, London, Greater London NW7 1SL	£5,896	67	2	Flat
£325K	03/23	0.21 mi	121, Bray Road, London, Greater London NW7 1SL	-	-	2	Flat
£340K	03/23	0.26 mi	Flat 33, Bittacy Court, Bittacy Hill, London, Greater London NW7 1HY	-	-	2	Flat
£355K	09/21	0.29 mi	11, Sanders Lane, London, Greater London NW7 1BX	£4,914	72	2	Flat
£410K	12/20	0.31 mi	6, Thornbury Close, London, Greater London NW7 1HH	£6,833	60	2	Flat
£350K	11/20	0.32 mi	11a, Bittacy Hill, London, Greater London NW7 1HS	£4,487	78	2	Flat
£400K	03/21	0.32 mi	38, Shillingford Close, London, Greater London NW7 1HQ	£6,667	60	2	Flat
£400K	02/24	0.33 mi	9, Shillingford Close, London, Greater London NW7 1HQ	£6,154	65	2	Flat
£400K	04/21	0.33 mi	40, Shillingford Close, London, Greater London NW7 1HQ	£6,667	60	2	Flat
£395K	07/23	0.33 mi	29, Shillingford Close, London, Greater London NW7 1HQ	£7,054	56	2	Flat
£228.8K	09/23	0.35 mi	12a, Bittacy Hill, London, Greater London NW7 1LB	-	-	2	Flat
£535K	06/21	0.36 mi	5, Honiton Gardens, London, Greater London NW7 1GF	-	-	2	Flat
£405K	06/21	0.36 mi	10, Honiton Gardens, London, Greater London NW7 1GF	£6,778	60	2	Flat
£286K	06/21	0.36 mi	Flat 15, Dollis Croft, Bittacy Hill, London, Greater London NW7 1HP	-	-	2	Flat
£420K	06/21	0.4 mi	20, Seaton Square, London, Greater London NW7 1GB	£7,073	59	2	Flat
£325K	02/23	0.41 mi	16, Seaton Square, London, Greater London NW7 1GB	£5,603	58	2	Flat
£343.5K	04/23	0.41 mi	20, Frith Court, London, Greater London NW7 1JP	-	-	2	Flat
£391.8K	03/21	0.41 mi	12, Frith Court, London, Greater London NW7 1JP	£6,122	64	2	Flat
£375K	06/21	0.41 mi	33, Frith Court, London, Greater London NW7 1JP	£5,859	64	2	Flat
£305K	02/21	0.43 mi	Flat 20, Thornfield Court, Holders Hill Road, London, Greater London NW7 1LW	-	-	2	Flat
£450K	12/22	0.48 mi	28, Gordon Road, London, Greater London N3 1EJ	£5,921	76	2	Flat
£235K	12/20	0.52 mi	70, Eversleigh Road, London, Greater London N3 1JA	£3,730	63	2	Flat
£415K	11/20	0.52 mi	51, Grosvenor Road, London, Greater London N3 1EY	£6,684	62	2	Flat
£410K	04/21	0.52 mi	Ground Floor Maisonette, 83, Dollis Road, London, Greater London N3 1RD	-	-	2	Flat
£450K	08/23	0.52 mi	55a, Dollis Road, London, Greater London N3 1RD	-	-	2	Flat
£436K	03/21	0.52 mi	55b, Dollis Road, London, Greater London N3 1RD	£7,267	60	2	Flat
£450K	06/21	0.53 mi	61, Grosvenor Road, London, Greater London N3 1EY	£7,258	62	2	Flat
£575K	05/21	0.53 mi	45, Grosvenor Road, London, Greater London N3 1EY	£9,271	62	2	Flat
£460K	04/21	0.54 mi	18, Grosvenor Road, London, Greater London N3 1EX	£7,077	65	2	Flat
£460K	06/21	0.54 mi	70a, Elm Park Road, London, Greater London N3 1EB	-	-	2	Flat
£590K	12/20	0.56 mi	Ground Floor Flat, 25, Elm Park Road, London, Greater London N3 1EG	£8,939	66	2	Flat
£653K	06/21	0.56 mi	157, Holders Hill Road, London, Greater London NW7 1ND	-	-	2	Flat
£415K	04/21	0.6 mi	15a, Dollis Road, London, Greater London N3 1RB	-	-	2	Flat
£425K	04/21	0.66 mi	Flat 11, Dollis Court, Crescent Road, London, Greater London N3 1HR	-	-	2	Flat
£390K	09/22	0.71 mi	12a, Milespit Hill, London, Greater London NW7 2PL	£6,500	60	2	Flat
£500K	06/21	0.72 mi	57, Dollis Park, London, Greater London N3 1HJ	£7,042	71	2	Flat
£620K	06/21	0.73 mi	4, Howcroft Crescent, London, Greater London N3 1PB	£7,045	88	2	Flat
£405K	03/23	0.78 mi	Flat 17, Norman Court, Nether Street, London, Greater London N3 1QQ	-	-	2	Flat
£485K	03/21	0.78 mi	Flat 2, Georgian Court, Dollis Avenue, London, Greater London N3 1TY	-	-	2	Flat
£505K	08/23	0.78 mi	Flat 1, Georgian Court, Dollis Avenue, London, Greater London N3 1TY	-	-	2	Flat
£398K	06/23	0.79 mi	Flat 13, Western Court, Huntly Drive, London, Greater London N3 1NX	-	-	2	Flat
£390K	05/23	0.83 mi	Flat 4, Timberdene, Holders Hill Road, London, Greater London NW4 1LA	-	-	2	Flat
£415K	12/20	0.83 mi	Flat 19, Timberdene, Holders Hill Road, London, Greater London NW4 1LA	-	-	2	Flat
£475K	06/21	0.83 mi	10, Falkland Avenue, London, Greater London N3 1QR	-	-	2	Flat
£472K	04/21	0.83 mi	2a, Falkland Avenue, London, Greater London N3 1QR	£6,941	68	2	Flat
£430K	01/21	0.84 mi	Flat 8, The Laurels, Nether Street, London, Greater London N3 1NP	-	-	2	Flat
£625K	02/21	0.89 mi	3b, St Marys Avenue, London, Greater London N3 1SN	£7,267	86	2	Flat
£370K	12/20	0.89 mi	26, Springfield Close, London, Greater London N12 7NT	£6,176	60	2	Flat
£415K	07/23	0.89 mi	10, Springfield Close, London, Greater London N12 7NT	£7,155	58	2	Flat
£360K	06/21	0.91 mi	Flat 12, Fernside Court, Holders Hill Road, London, Greater London NW4 1JT	-	-	2	Flat

Local Rents

50 rents from £1.7K/mo to £4.5K/mo, average is £2.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,950	02/24	0 mi	-	2	Flat
£1,750	08/24	0.05 mi	Inglis Way, Mill Hill, London	2	Flat
£2,200	08/24	0.06 mi	Royal Engineers Way, London, NW7	2	Flat
£2,800	07/24	0.09 mi	Royal Engineers Way, London, NW7	2	Flat
£2,300	02/25	0.09 mi	-	2	Flat
£2,253	07/24	0.1 mi	Burghley House, 18 Royal Engineers Way, London, NW7	2	Flat
£3,000	08/24	0.1 mi	Griffin Building, London, NW7	2	Flat
£2,700	10/24	0.1 mi	-	2	Flat
£2,400	06/24	0.1 mi	-	2	Flat
£2,400	02/25	0.1 mi	-	2	Flat
£2,500	04/25	0.1 mi	-	2	Flat
£2,400	07/24	0.1 mi	Royal Engineers Way, Millbrook Park, NW7 1SX	2	Flat
£4,500	03/25	0.11 mi	-	2	Terraced House
£2,400	06/24	0.11 mi	Royal Engineers Way, Mill Hill	2	Flat
£2,850	01/25	0.11 mi	-	2	Flat
£2,400	07/24	0.11 mi	Royal Engineers Way, Millbrook Park, NW7 1SX	2	Flat
£2,557	03/24	0.11 mi	Plaza Collection, Explorer Way, Mill Hill NW7	2	Flat
£2,550	07/24	0.11 mi	-	2	Flat
£2,600	11/24	0.11 mi	-	2	Flat
£2,250	06/24	0.12 mi	Royal Engineers Way, Millbrook Park, NW7	2	Flat
£2,300	06/24	0.12 mi	Regiment Hill, Millbrook Park, Mill Hill East	2	Flat
£2,000	07/24	0.12 mi	Regiment Hill, Mill Hill	2	Flat
£2,400	07/24	0.12 mi	Burghley House, Royal Engineers Way, NW7	2	Flat
£3,500	04/25	0.12 mi	-	2	Flat
£1,700	03/24	0.12 mi	Hill Court, Bittacy Road, London, NW7	2	Flat
£2,300	06/24	0.13 mi	Harewood Avenue, Mill Hill, London, NW7	2	Flat
£2,600	10/24	0.13 mi	-	2	Flat
£2,600	07/24	0.13 mi	Inglis Way, London	2	Flat
£3,000	07/24	0.13 mi	Inglis Way, London	2	Flat
£2,350	07/24	0.14 mi	Mill Hill, London, NW7	2	Flat
£2,100	06/24	0.15 mi	Morphou Road, LONDON	2	Flat
£2,000	07/24	0.15 mi	Morphou Road, LONDON	2	Flat
£2,500	09/24	0.15 mi	Snowe Building, Regiment Hill, NW7	2	Flat
£2,400	08/24	0.15 mi	Bittacy Hill, Millbrook Park, NW7	2	House
£2,250	06/24	0.16 mi	Bittacy Hill, London, NW7	2	Flat
£2,200	06/24	0.16 mi	Bittacy Hill, London, NW7	2	Flat
£2,297	06/24	0.16 mi	Foxglove Apartments, Mill Hill, London, NW7	2	Flat
£1,850	07/24	0.16 mi	-	2	Flat
£1,850	07/24	0.16 mi	Amport Place, London, NW7	2	Flat
£2,200	08/24	0.16 mi	-	2	Flat
£2,100	07/24	0.16 mi	Newhall House, Mill Hill East, London, NW7	2	Flat
£2,200	06/24	0.16 mi	Brooklime Apartments, Bittacy Hill, Mill Hill	2	Flat
£2,400	06/24	0.18 mi	Inglis Way, Mill Hill, NW7	2	Flat
£3,050	07/24	0.18 mi	Bittacy Hill, London, NW7	2	Flat
£3,050	09/24	0.18 mi	-	2	Flat
£2,500	06/24	0.19 mi	Fellow House, Mill Hill	2	Flat
£1,850	09/24	0.19 mi	Langstone Way, Mill Hill, London	2	Flat
£2,350	03/25	0.2 mi	-	2	Flat
£2,300	06/24	0.2 mi	Anemone Apartments, Bittacy Hill, Mill Hill, NW7	2	Flat
£2,100	06/24	0.2 mi	Bray Road, London, NW7	2	Flat

Local Area Statistics

Population in NW7	25,13125,131
Population in London	4,771,9214,771,921
Town centre distance	7.18 miles away7.18 miles away
Nearest school	0.90 miles away0.90 miles away
Nearest train station	0.20 miles away0.20 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 £600,000

March 24, 2025

Price changed to £625,000

February 24, 2025

Listed for £650,000

January 17, 2025

Floor Plans

Description

Purpose built +
2 double bedrooms +
Private garden space +
2 secure parking spaces +
1283 sq ft +
2 bathrooms (1 en-suite) +
Chain free +
Close to Tube and shops +
Extensive storage +
Barnet council tax band F +

CHAIN FREE A rare opportunity to purchase this larger than average 1283 sq ft 2 double bedroom, 2 bathroom apartment situated on the ground floor of this purpose built block originally built by CALA Homes and located within the ever popular Millbrook Park development. To the best of our knowledge this is the only flat within the development with its own private garden space and further benefits include a 26ft reception room with open plan kitchen and island, an en-suite shower room to the master bedroom, extensive storage and TWO secure parking spaces. The property is situated just 0.3 miles from Mill Hill East Tube station and a Waitrose supermarket.

Lease: 125 years from 1st January 2015
Ground Rent: £350 per annum
Service Charge: Approx. £2500 per annum

Agent Details

Squires Estates, Mill Hill

020 3994 7370

Next Steps?

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

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