2 Bed Flat, Single Let, London, NW10 5TN £550,000

Mortimer Road, London, NW10 5TN - 10 months ago

Sold STC

BTL

~68 m²

ValuationUndervalued

Sold Prices	£340K - £2.4M
Sold Prices/m²	£5.4K/m² - £17.3K/m²

Square Metres	~68.11 m²
Price/m²	£8.1K/m²
Value Estimate	£663,891£663,891
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£137,500£137,500
Stamp Duty & Legal Fees	£32,700£32,700
Total Cash In	£170,200£170,200

Cash Out
Rent Range	£553 - £3,000£553 - £3,000
Rent Estimate	£1,950
Running Costs/mo	£2,129£2,129
Cashflow/mo	£-179£-179
Cashflow/yr	£-2,145£-2,145
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £340K to £2.4M, average is £601.5K. £5.4K/m² to £17.3K/m², average is £9.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£535K	03/25	0 mi	83a, Mortimer Road, London NW10 5TN	£9,068	59	2	Flat
£670K	06/21	0.06 mi	Ground Floor Flat, 43, Burrows Road, London, Greater London NW10 5SL	£11,754	57	2	Flat
£720K	04/23	0.06 mi	43a, Burrows Road, London, Greater London NW10 5SL	-	-	2	Flat
£620K	03/23	0.06 mi	29a, Burrows Road, London, Greater London NW10 5SL	-	-	2	Flat
£600K	01/23	0.07 mi	73b, Mortimer Road, London, Greater London NW10 5TN	-	-	2	Flat
£540K	10/23	0.08 mi	140b, Mortimer Road, London, Greater London NW10 5SN	-	-	2	Flat
£515K	10/23	0.08 mi	Ground Floor Flat At, 31, Mortimer Road, London, Greater London NW10 5QR	-	-	2	Flat
£750K	05/23	0.08 mi	Lower Maisonette, 9, Linden Avenue, London, Greater London NW10 5QY	-	-	2	Flat
£640K	09/21	0.11 mi	94a, Ashburnham Road, London, Greater London NW10 5SE	-	-	2	Flat
£600K	07/23	0.12 mi	Flat B, 13, Rainham Road, London, Greater London NW10 5DS	-	-	2	Flat
£684K	12/22	0.12 mi	58, Pember Road, London, Greater London NW10 5LU	-	-	2	Flat
£621.5K	08/23	0.13 mi	61a, Burrows Road, London, Greater London NW10 5SJ	-	-	2	Flat
£690K	01/24	0.13 mi	103, Ground Floor Flat, Burrows Road, London, Greater London NW10 5SJ	£7,753	89	2	Flat
£670K	06/25	0.15 mi	89b, Burrows Road, London NW10 5SJ	£7,701	87	2	Flat
£670K	06/25	0.15 mi	89b, Burrows Road, London NW10 5SJ	-	-	2	Flat
£675K	01/25	0.15 mi	147, Purves Road, London NW10 5TH	£11,441	59	2	Flat
£623K	08/25	0.15 mi	91b, Burrows Road, London NW10 5SJ	-	-	2	Flat
£510K	06/21	0.16 mi	Ground Floor Flat, 40, Pember Road, London, Greater London NW10 5LS	£9,808	52	2	Flat
£377K	11/23	0.16 mi	29b, Pember Road, London, Greater London NW10 5LT	-	-	2	Flat
£725K	05/23	0.16 mi	Flat B, 115, Purves Road, London, Greater London NW10 5TH	£17,262	42	2	Flat
£607K	12/21	0.16 mi	141a, Purves Road, London, Greater London NW10 5TH	-	-	2	Flat
£650K	01/25	0.16 mi	127, Purves Road, London NW10 5TH	£12,745	51	2	Flat
£603K	06/25	0.16 mi	25, Ashburnham Road, London NW10 5SB	-	-	2	Flat
£603K	06/25	0.16 mi	25, Ashburnham Road, London NW10 5SB	-	-	2	Flat
£610K	02/25	0.17 mi	192a, Purves Road, London NW10 5TG	£8,957	68	2	Flat
£581K	11/24	0.2 mi	10 Prime House, Flat 26, Banister Road, London W10 4BH	£8,544	68	2	Flat
£618K	04/25	0.21 mi	114a, Keslake Road, London NW6 6DG	-	-	2	Flat
£340K	05/25	0.21 mi	20, 3 6 Noko, Banister Road, London W10 4AR	£5,397	63	2	Flat
£340K	05/25	0.21 mi	20, 3 6 Noko, Banister Road, London W10 4AR	-	-	2	Flat
£575K	02/23	0.24 mi	Ground Floor Flat, 64, Clifford Gardens, London, Greater London NW10 5JD	£10,849	53	2	Flat
£465K	05/24	0.24 mi	110, Clifford Gardens, London NW10 5JB	-	-	2	Flat
£450K	01/25	0.24 mi	75 Regal Building, 9, Kilburn Lane, North Kensington, London W10 4BB	£7,759	58	2	Flat
£425K	03/25	0.24 mi	4, 75 Regal Building, Kilburn Lane, North Kensington, London W10 4BB	£7,328	58	2	Flat
£441K	02/25	0.24 mi	75 Regal Building, 23, Kilburn Lane, North Kensington, London W10 4BB	£6,041	73	2	Flat
£615K	03/25	0.25 mi	6, Flat 2, Regent Street, London NW10 5LG	£7,785	79	2	Flat
£625K	02/23	0.26 mi	97a, Kilburn Lane, London, Greater London W10 4AN	£10,246	61	2	Flat
£536K	03/25	0.26 mi	125b, Keslake Road, London, Greater London NW6 6DH	£9,241	58	2	Flat
£610K	06/23	0.27 mi	First Floor Flat, 225, Harvist Road, London, Greater London NW6 6HE	£9,456	65	2	Flat
£460K	05/25	0.27 mi	4, 103 Aston Mews, Kilburn Lane, North Kensington, London W10 4AN	-	-	2	Flat
£460K	05/25	0.27 mi	4, 103 Aston Mews, Kilburn Lane, North Kensington, London W10 4AN	£9,583	48	2	Flat
£547.5K	06/21	0.3 mi	95a, Kilburn Lane, London, Greater London W10 4AN	£9,747	56	2	Flat
£485K	12/22	0.34 mi	63, Bathurst Gardens, London, Greater London NW10 5JH	-	-	2	Flat
£480K	09/23	0.34 mi	85, Bathurst Gardens, London, Greater London NW10 5JH	-	-	2	Flat
£590K	06/23	0.37 mi	169b, Harvist Road, London, Greater London NW6 6HB	-	-	2	Flat
£630K	06/21	0.37 mi	27a, Felixstowe Road, London, Greater London NW10 5SR	-	-	2	Flat
£540K	06/21	0.39 mi	72b, Buchanan Gardens, London, Greater London NW10 5AE	-	-	2	Flat
£450K	07/21	0.39 mi	First Floor Flat, 60, Buchanan Gardens, London, Greater London NW10 5AE	£6,522	69	2	Flat
£848.1K	09/23	0.39 mi	Ground Floor Flat, 18, Creighton Road, London, Greater London NW6 6ED	£11,015	77	2	Flat
£2.4M	12/24	0.4 mi	14, Kempe Road, London NW6 6SJ	£12,435	193	2	Flat
£445K	04/24	0.41 mi	27a, Ravensworth Road, London, Greater London NW10 5NP	-	-	2	Flat

Local Rents

50 rents from £553/mo to £3K/mo, average is £2.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,197	08/25	0.02 mi	Mortimer Road, Kensal Green	2	Flat
£1,998	08/24	0.04 mi	Mortimer Road, Kensal Rise	2	Flat
£2,300	10/25	0.05 mi	Wakeman Road, Kensal Rise, London, NW10	2	Flat
£2,150	11/25	0.05 mi	Wakeman Road, London, NW10	2	Flat
£2,400	07/25	0.06 mi	Wakeman Road, Kensal Green NW10	2	Flat
£2,375	06/24	0.07 mi	Mortimer Road, London, NW10	2	Flat
£2,850	03/25	0.07 mi	-	2	Semi-Detached House
£2,350	11/25	0.07 mi	Mortimer Road London NW10	2	Flat
£3,000	07/25	0.07 mi	Mortimer Road, London, NW10	2	Flat
£2,100	06/24	0.07 mi	Wakeman Road, Kensal Green, London, NW10	2	Flat
£2,300	08/25	0.08 mi	Mortimer Road, London, NW10	2	Flat
£2,750	11/25	0.08 mi	Linden Avenue, Kensal Rise NW10	2	Flat
£2,300	08/25	0.08 mi	Langler Road London NW10	2	Flat
£2,400	09/25	0.08 mi	Langler Road London NW10	2	Flat
£2,100	10/25	0.08 mi	Langler Road London NW10	2	Flat
£2,700	05/25	0.08 mi	Mortimer Road, Kensal Rise	2	Flat
£2,395	06/25	0.08 mi	Mortimer Road, Kensal Rise	2	Flat
£2,295	08/25	0.08 mi	Mortimer Road, Willesden	2	Flat
£2,751	11/25	0.08 mi	Linden Avenue, Kensal Rise	2	Flat
£2,058	06/24	0.08 mi	Bayford Road, Ladbroke Grove, London, NW10	2	Flat
£2,492	06/24	0.09 mi	Wakeman Road, Kensal Rise	2	Flat
£2,200	11/24	0.09 mi	-	2	Flat
£2,250	06/24	0.09 mi	Mortimer Road, London, NW10	2	Flat
£2,750	11/25	0.09 mi	-	2	Semi-Detached House
£2,450	11/25	0.09 mi	Wakeman Road, Kensal Rise, London	2	Flat
£2,300	09/24	0.09 mi	Bayford Road, London, NW10	2	Flat
£2,200	11/24	0.09 mi	-	2	Flat
£2,100	08/25	0.1 mi	Mortimer Road, Kensal Rise NW10	2	Flat
£2,500	10/25	0.11 mi	-	2	Flat
£2,400	11/25	0.11 mi	Rainham Road, London, NW10	2	Flat
£2,600	09/25	0.11 mi	-	2	Flat
£2,492	07/24	0.11 mi	Rainham Road, London, NW10	2	Flat
£2,492	07/24	0.11 mi	-	2	Flat
£553	06/25	0.11 mi	Mortimer Road, Kensal Rise	2	Flat
£2,150	07/24	0.11 mi	Mortimer Road, Kensal Rise NW10	2	Flat
£2,200	10/24	0.12 mi	-	2	Flat
£2,150	06/24	0.12 mi	Ashburnham Road, Kensal Green, London, NW10	2	Flat
£2,296	10/25	0.12 mi	Langler Road, Kensal Rise	2	Flat
£2,400	11/25	0.12 mi	Linden Avenue, Kensal Rise	2	Flat
£2,800	10/25	0.12 mi	Ashburnham Road, London, NW10	2	Flat
£2,650	05/25	0.12 mi	-	2	Flat
£2,375	03/24	0.12 mi	Mortimer Road, Kensal Rise, London, NW10	2	Flat
£1,975	06/25	0.12 mi	Ashburnham Road, Kensal Rise, London	2	Flat
£2,400	06/24	0.12 mi	-	2	Flat
£2,300	07/25	0.12 mi	Linden Avenue, London NW10	2	Flat
£2,800	08/25	0.12 mi	Linden Avenue London NW10	2	Flat
£2,300	06/25	0.13 mi	Zahra House, 866 Harrow Road, London, NW10	2	Flat
£2,350	06/24	0.13 mi	-	2	Flat
£2,496	08/25	0.13 mi	Ashburnham Road, Kensal Rise	2	Flat
£2,000	07/25	0.13 mi	Bolton Gardens, Kensal Rise	2	Flat

Local Area Statistics

Population in NW10	91,82091,820
Population in London	4,771,9214,771,921
Town centre distance	4.96 miles away4.96 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.17 miles away0.17 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+17%+17%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+16%+16%

Property History

Listed for £550,000

February 7, 2025

Floor Plans

Description

Ground Floor +
Garden +
Two Bedroom +
High Ceiling +

Located on the Ground Floor, 633 sq ft of a well maintained period conversion the property comprises of a large living room, two good sized bedrooms, a bathroom and a fully fitted / kitchen that is separate from the living. The property benefits from a generous amount of light coming in and a bright south facing garden and large patio.

Mortimer Road is fantastically located in central Kensal Rise. Being less than half a mile to Kensal Rise Station and the shops, cafes and restaurants of Kensal Rise and Queens Park.

The property is chain free and comes with a share of the freehold.

Quote Reference: 521576

Agent Details

Harding Green, St. John's Wood

020 3871 8663

Next Steps?

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

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