5 Bed Detached House, Planning Permission, London, NW7 2LY, £2,000,000

Holmdene Avenue, Mill Hill, NW7 2LY - 2 months ago

Under Offer

Planning

~178 m²

+14 photos

ValuationOvervalued

Sold Prices	£630K - £3.2M
Sold Prices/m²	£4.2K/m² - £18.1K/m²

Square Metres	~178.28 m²
Price/m²	£11.2K/m²
Value Estimate	£1,229,476£1,229,476

End Value (After Refurb)	£1,212,500£1,212,500

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£500,000£500,000
Stamp Duty & Legal Fees	£212,450£212,450
Refurb Costs	£94,317£94,317
Bridging Loan Interest	£52,500£52,500
Total Cash In	£861,017£861,017

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£1,212,500£1,212,500
Mortgage (After Refinance)	£909,375£909,375
Mortgage LTV	75%75%
Cash Left In	£861,017£861,017
Equity	£303,125£303,125
Rent Range	£1,700 - £5,000£1,700 - £5,000
Rent Estimate	£2,820
Running Costs/mo	£4,373£4,373
Cashflow/mo	£-1,553£-1,553
Cashflow/yr	£-18,637£-18,637
Gross Yield	2%2%

Local Sold Prices

32 sold prices from £630K to £3.2M, average is £1.3M. £4.2K/m² to £18.1K/m², average is £6.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£1.9M	03/21	0.05 mi	127, Wise Lane, London, Greater London NW7 2BD	£5,260	366	5	Detached House
£1.4M	07/23	0.11 mi	16, Glenmere Avenue, London, Greater London NW7 2LU	£12,868	109	5	Detached House
£2.8M	09/23	0.2 mi	80, Wise Lane, London, Greater London NW7 2RG	£18,109	156	5	Detached House
£685K	12/20	0.31 mi	5, Bampton Drive, London, Greater London NW7 2AY	£5,108	134	5	Terraced House
£775K	09/23	0.31 mi	7, Bampton Drive, London, Greater London NW7 2AY	£5,272	147	5	Terraced House
£900K	08/23	0.33 mi	12, Winterstoke Gardens, London, Greater London NW7 2RA	£4,186	215	5	Semi-Detached House
£910K	02/23	0.45 mi	16, Woodland Way, London, Greater London NW7 2JR	-	-	5	Semi-Detached House
£730K	05/22	0.45 mi	24, Woodland Way, London, Greater London NW7 2JR	£4,563	160	5	Terraced House
£880K	11/20	0.49 mi	26, Tennyson Road, London, Greater London NW7 4AS	£6,069	145	5	Semi-Detached House
£900K	06/21	0.53 mi	47, Brockenhurst Gardens, London, Greater London NW7 2JY	£5,882	153	5	Terraced House
£3.2M	06/21	0.64 mi	Northcote, The Ridgeway, London, Greater London NW7 1QX	-	-	5	Detached House
£2.0M	12/22	0.7 mi	15, Uphill Road, London, Greater London NW7 4RA	-	-	5	Semi-Detached House
£630K	05/23	0.71 mi	23, Barford Close, London, Greater London NW4 4XG	£7,326	86	5	Semi-Detached House
£1.3M	12/20	0.72 mi	17, Limes Avenue, London, Greater London NW7 3NY	£6,467	196	5	Detached House
£1.3M	06/21	0.73 mi	15, Limes Avenue, London, Greater London NW7 3NY	£9,504	137	5	Detached House
£2.9M	01/21	0.75 mi	Murray House, Hammers Lane, London, Greater London NW7 4DY	-	-	5	Detached House
£2.2M	01/23	0.75 mi	19a, Uphill Road, London, Greater London NW7 4RA	-	-	5	Detached House
£1.7M	08/22	0.78 mi	4, Weymouth Avenue, London, Greater London NW7 3JE	£7,372	228	5	Detached House
£1.0M	07/21	0.78 mi	81, Millway, London, Greater London NW7 3QT	-	-	5	Detached House
£1.7M	09/22	0.85 mi	30, Uphill Grove, Mill Hill, London, Greater London NW7 4NJ	£13,403	125	5	Detached House
£1.4M	11/21	0.86 mi	27, Lawrence Avenue, London, Greater London NW7 4NL	£7,510	180	5	Detached House
£1.5M	06/21	0.86 mi	56, Sunnyfield, London, Greater London NW7 4RG	£5,976	251	5	Detached House
£1.6M	10/22	0.9 mi	131, The Reddings, London, Greater London NW7 4JP	-	-	5	Detached House
£1.9M	01/23	0.91 mi	1, The Reddings, London, Greater London NW7 4JN	-	-	5	Detached House
£1.1M	03/21	0.92 mi	64, The Reddings, London, Greater London NW7 4JR	-	-	5	Detached House
£825K	11/20	0.96 mi	8, Aberdare Gardens, London, Greater London NW7 1DS	£5,428	152	5	Semi-Detached House
£1.5M	08/23	0.97 mi	White Cottage, Burtonhole Lane, London, Greater London NW7 1AG	-	-	5	Detached House
£940K	01/23	0.97 mi	89, The Reddings, London, Greater London NW7 4JP	-	-	5	Semi-Detached House
£1.1M	11/22	0.98 mi	31, Kingsbridge Drive, London, Greater London NW7 1GH	£5,759	191	5	Detached House
£900K	08/23	0.99 mi	3, Downhurst Avenue, London, Greater London NW7 3QA	£8,530	106	5	Semi-Detached House
£3.0M	07/23	1 mi	62, Uphill Road, London, Greater London NW7 4PU	£8,194	360	5	Detached House
£2.3M	12/21	1 mi	63, Uphill Road, London, Greater London NW7 4PT	£7,797	295	5	Detached House

Local Rents

38 rents from £1.7K/mo to £5K/mo, average is £3K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,600	07/24	0.06 mi	Glenmere Avenue, Mill Hill, NW7	4	Detached House
£5,000	07/24	0.19 mi	Parkside, Mill Hill	5	Detached House
£2,950	06/24	0.21 mi	Bunns Lane, Mill Hill, NW7	4	Detached House
£2,000	09/24	0.26 mi	-	3	Flat
£2,000	07/24	0.26 mi	Rowlands Close, London	3	Detached House
£3,250	08/24	0.34 mi	Longfield Avenue, London, NW7	4	Detached House
£2,300	06/24	0.36 mi	Longfield Avenue, Mill Hill, NW7	3	Flat
£1,750	09/24	0.38 mi	-	3	Terraced House
£3,500	07/24	0.39 mi	Nicoll Circus, London	4	Terraced House
£3,000	07/24	0.39 mi	Longfield Avenue, Mill Hill, NW7	4	Semi-Detached House
£2,850	07/24	0.39 mi	Longfield Avenue, Mill Hill, NW7	4	Semi-Detached House
£3,000	08/24	0.39 mi	Longfield Avenue, Mill Hill, NW7	4	Semi-Detached House
£2,400	08/24	0.42 mi	Woodland Way, Mill Hill, London, NW7	3	Semi-Detached House
£3,990	10/24	0.43 mi	-	4	Detached House
£3,990	10/24	0.43 mi	-	4	Detached House
£2,500	07/24	0.46 mi	-	3	Flat
£2,300	08/24	0.46 mi	-	3	Flat
£2,300	06/24	0.46 mi	Woodland Way, Mill Hill, London, NW7	3	Flat
£2,300	07/24	0.46 mi	Woodland Way, Mill Hill, London, NW7	3	Flat
£3,300	03/25	0.49 mi	-	4	Terraced House
£3,300	07/24	0.49 mi	-	4	Semi-Detached House
£3,300	07/24	0.49 mi	Milespit Hill, London, NW7	4	Semi-Detached House
£4,000	07/24	0.51 mi	Coxwell Boulevard, London	4	Detached House
£3,000	06/24	0.51 mi	Coxwell Boulevard, London, NW9	3	Terraced House
£3,000	07/24	0.51 mi	Coxwell Boulevard, London	4	Terraced House
£3,000	06/24	0.52 mi	-	3	Semi-Detached House
£2,100	08/24	0.53 mi	Rivington Crescent, London, NW7	3	Semi-Detached House
£3,100	08/24	0.54 mi	Coxwell Boulevard, Colindale , NW9	3	Flat
£3,000	08/24	0.54 mi	Coxwell Boulevard, Colindale , NW9	3	Flat
£2,150	07/24	0.55 mi	The Broadway, Mill Hill	3	Flat
£2,995	06/24	0.55 mi	Franco Avenue, Colindale, NW9	3	Flat
£1,700	10/24	0.58 mi	-	3	Flat
£4,000	07/24	0.59 mi	Milespit Hill, Mill Hill	3	Terraced House
£2,700	03/25	0.6 mi	-	4	Terraced House
£3,000	06/24	0.6 mi	Corner Mead, Colindale, NW9	4	House
£1,950	07/24	0.61 mi	Gilda Court, Mill Hill, London, NW7	3	Flat
£1,950	08/24	0.61 mi	Gilda Court, Hendon, London, NW7	3	Flat
£2,900	02/25	0.62 mi	-	4	Terraced House

Local Area Statistics

Population in NW7	25,13125,131
Population in London	4,771,9214,771,921
Town centre distance	7.98 miles away7.98 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.57 miles away0.57 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 £2,000,000

January 20, 2025

Floor Plans

Description

A gorgeous, rarely available 5 bedroom, Tudor style detached family home set back from the road in this lovely quiet turning just off Parkside and a short walk of Mill Hill Park.

Features include a lovely 23 ft entrance hall, 3 separate reception rooms, kitchen/breakfast room/diner opening to a playroom/den, 80 ft rear garden with astro turf, garage & off street parking, as well as lapsed planning permission for a large loft conversion.

Located within a 15 minute walk of Mill Hill Broadway’s coffee shops, boutiques, supermarkets & restaurants, as well as the Thameslink station and just 5 minutes walk of the rolling acres of Arrandene Open Space.

This charming home, offered exclusively through sole agents, is an ideal blend of character, space & potential in a prime Mill Hill location.

Agent Details

Godfrey And Barr, Mill Hill

020 3893 8760

Next Steps?

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

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