4 Bed Detached House, Refurb/BRRR, London, NW2 2BX, £1,850,000

Ardwick Road, London, NW2 2BX - 2 months ago

Sold STC

Refurb/BRRR

~129 m²

+21 photos

ValuationOvervalued

Sold Prices	£585K - £7.9M
Sold Prices/m²	£4.8K/m² - £18.6K/m²

Square Metres	~129.26 m²
Price/m²	£14.3K/m²
Value Estimate	£950,334£950,334

End Value (After Refurb)	£1,700,000£1,700,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£462,500£462,500
Stamp Duty & Legal Fees	£189,950£189,950
Refurb Costs	£68,442£68,442
Bridging Loan Interest	£48,563£48,563
Total Cash In	£771,204£771,204

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£1,700,000£1,700,000
Mortgage (After Refinance)	£1,275,000£1,275,000
Mortgage LTV	75%75%
Cash Left In	£771,204£771,204
Equity	£425,000£425,000
Rent Range	£2,362 - £15,167£2,362 - £15,167
Rent Estimate	£4,800
Running Costs/mo	£6,293£6,293
Cashflow/mo	£-1,492£-1,492
Cashflow/yr	£-17,910£-17,910
Gross Yield	3%3%

Local Sold Prices

50 sold prices from £585K to £7.9M, average is £1.6M. £4.8K/m² to £18.6K/m², average is £10.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£1.2M	05/21	0.12 mi	71, Fortune Green Road, London, Greater London NW6 1DR	-	-	4	Terraced House
£1.4M	08/21	0.17 mi	25, Ingham Road, London, Greater London NW6 1DG	-	-	4	Terraced House
£1.6M	08/23	0.17 mi	23, Ingham Road, London, Greater London NW6 1DG	£13,866	119	4	Terraced House
£1.8M	06/23	0.2 mi	54, Burrard Road, London, Greater London NW6 1DD	£13,884	126	4	Semi-Detached House
£3.1M	11/21	0.22 mi	4, Kidderpore Avenue, London, Greater London NW3 7SP	-	-	4	Semi-Detached House
£1.9M	09/21	0.26 mi	52, Pattison Road, London, Greater London NW2 2HJ	-	-	4	Semi-Detached House
£1.4M	03/23	0.27 mi	35, Ulysses Road, London, Greater London NW6 1ED	-	-	4	Terraced House
£1.1M	05/21	0.28 mi	19, Prospect Road, London, Greater London NW2 2JT	£6,954	151	4	Terraced House
£2.0M	12/22	0.3 mi	54, Hermitage Lane, London, Greater London NW2 2HG	£11,298	181	4	Terraced House
£1.6M	11/20	0.3 mi	35, Achilles Road, London, Greater London NW6 1DZ	£10,438	151	4	Terraced House
£1.4M	08/21	0.31 mi	3, Berridge Mews, London, Greater London NW6 1RF	£10,545	134	4	Terraced House
£1.2M	12/23	0.31 mi	40, Berridge Mews, London, Greater London NW6 1RF	£4,839	248	4	Terraced House
£3.9M	10/23	0.32 mi	51, Redington Road, London, Greater London NW3 7RP	-	-	4	Detached House
£1.9M	09/22	0.36 mi	3, Hermitage Gardens, London, Greater London NW2 2EZ	£10,863	171	4	Semi-Detached House
£960K	04/21	0.37 mi	71, Minster Road, London, Greater London NW2 3SJ	£9,505	101	4	Semi-Detached House
£3.6M	09/21	0.38 mi	1c, Oakhill Avenue, London, Greater London NW3 7RD	£16,820	217	4	Terraced House
£5.8M	01/23	0.38 mi	7, Redington Gardens, London, Greater London NW3 7RU	-	-	4	Detached House
£2.6M	08/22	0.39 mi	26, West Heath Gardens, London, Greater London NW3 7TR	-	-	4	Detached House
£2.4M	08/21	0.4 mi	18, West Heath Gardens, London, Greater London NW3 7TR	£11,683	205	4	Detached House
£2.1M	09/22	0.42 mi	20, Farm Avenue, London, Greater London NW2 2DY	-	-	4	Semi-Detached House
£2.4M	06/23	0.46 mi	39, Sarre Road, London, Greater London NW2 3SN	£14,412	164	4	Semi-Detached House
£2.4M	09/23	0.46 mi	14, Narcissus Road, London, Greater London NW6 1TH	£10,795	220	4	Terraced House
£1.7M	09/21	0.46 mi	55, Minster Road, London, Greater London NW2 3SH	£10,429	163	4	Semi-Detached House
£1.4M	05/23	0.46 mi	49, Minster Road, London, Greater London NW2 3SH	-	-	4	Semi-Detached House
£2.1M	08/21	0.48 mi	24, Harman Drive, London, Greater London NW2 2ED	-	-	4	Semi-Detached House
£1.6M	04/21	0.48 mi	2, Glenbrook Road, London, Greater London NW6 1TW	£11,898	137	4	Terraced House
£1.2M	12/22	0.49 mi	12, Westbere Road, London, Greater London NW2 3SR	£6,780	177	4	Semi-Detached House
£585K	12/20	0.5 mi	23, Horton Avenue, London, Greater London NW2 2RY	£5,417	108	4	Terraced House
£1.3M	03/21	0.51 mi	67, Broomsleigh Street, London, Greater London NW6 1QQ	£13,028	99	4	Terraced House
£1.5M	07/21	0.51 mi	5, Broomsleigh Street, London, Greater London NW6 1QQ	£11,466	133	4	Terraced House
£1.5M	06/21	0.51 mi	18, Solent Road, London, Greater London NW6 1TU	£9,099	161	4	Terraced House
£1.6M	06/21	0.51 mi	8, Solent Road, London, Greater London NW6 1TU	£14,867	109	4	Terraced House
£1.1M	11/23	0.54 mi	85, Crewys Road, London, Greater London NW2 2AU	£9,829	117	4	Terraced House
£7.9M	06/23	0.54 mi	4, Beechworth Close, London, Greater London NW3 7UT	-	-	4	Detached House
£1.9M	08/23	0.54 mi	73, Sumatra Road, London, Greater London NW6 1PT	£17,195	110	4	Terraced House
£2.0M	02/21	0.57 mi	42, Pandora Road, London, Greater London NW6 1TR	-	-	4	Semi-Detached House
£1.0M	06/21	0.57 mi	1, Caddington Road, London, Greater London NW2 1RP	£5,635	181	4	Terraced House
£940K	08/21	0.57 mi	15, Caddington Road, London, Greater London NW2 1RP	£6,309	149	4	Terraced House
£850K	02/21	0.57 mi	23, Caddington Road, London, Greater London NW2 1RP	£9,043	94	4	Terraced House
£1.1M	12/22	0.6 mi	65, Greenfield Gardens, London, Greater London NW2 1HU	-	-	4	Semi-Detached House
£3.9M	03/22	0.61 mi	102, Frognal, London, Greater London NW3 6XU	£18,571	210	4	Detached House
£800K	06/21	0.62 mi	20, Somerton Road, London, Greater London NW2 1SA	£6,061	132	4	Semi-Detached House
£607.5K	06/21	0.62 mi	27, Barlow Road, London, Greater London NW6 2BJ	£5,625	108	4	Terraced House
£5.2M	06/23	0.62 mi	104, Frognal, London, Greater London NW3 6XU	-	-	4	Semi-Detached House
£1.3M	01/21	0.63 mi	18, Hodford Road, London, Greater London NW11 8NP	£8,117	154	4	Semi-Detached House
£3.0M	09/23	0.63 mi	2, Branch Hill, London, Greater London NW3 7LT	-	-	4	Terraced House
£1.1M	11/23	0.64 mi	6, Gillingham Road, London, Greater London NW2 1RT	£8,538	130	4	Terraced House
£935K	09/21	0.64 mi	37, Nant Road, London, Greater London NW2 2AL	£6,978	134	4	Terraced House
£4.3M	08/21	0.68 mi	4, Windmill Hill, London, Greater London NW3 6RU	£18,033	239	4	Semi-Detached House
£995K	01/23	0.69 mi	23, Richborough Road, London, Greater London NW2 3LX	-	-	4	Semi-Detached House

Local Rents

49 rents from £2.4K/mo to £15.2K/mo, average is £3.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,467	07/24	0.06 mi	Kidderpore Avenue, Hampstead, NW3	3	Flat
£3,500	07/24	0.08 mi	Finchley Road, Hampstead, NW3	4	Flat
£6,478	07/24	0.09 mi	Burgess Hill, The Hocrofts, NW2	4	Terraced House
£5,000	07/24	0.09 mi	Caulfield House, 1 Penrose Gardens, NW3	3	Flat
£4,320	01/25	0.1 mi	-	3	Flat
£3,600	03/25	0.1 mi	-	3	Flat
£2,850	06/24	0.12 mi	Weech Road, London, NW6	3	Flat
£2,850	06/24	0.12 mi	Weech Road London NW6	3	Flat
£3,100	08/24	0.12 mi	Westfield, Kidderpore Avenue, NW3	3	Flat
£3,250	08/24	0.12 mi	Westfield, Kidderpore Avenue, NW3	3	Flat
£3,250	08/24	0.13 mi	Kidderpore Avenue, Hampstead, London, NW3	3	Flat
£5,850	06/24	0.13 mi	Westfield, Kidderpore Avenue, Hampstead, London NW3	3	Flat
£2,362	03/25	0.13 mi	-	3	Flat
£2,800	06/24	0.13 mi	Lyndale, London, NW2	3	Flat
£7,995	06/24	0.14 mi	Westfield, Kidderpore Avenue, London, NW3	3	Flat
£7,800	06/24	0.14 mi	Chapman House	3	Flat
£6,000	06/24	0.14 mi	Maynard House, 8C Kidderpore Avenue, London, NW3	3	Flat
£3,650	07/24	0.14 mi	Kidderpore Avenue, London	3	Flat
£3,650	07/24	0.14 mi	Kidderpore Avenue, Hampstead	3	Flat
£3,650	07/24	0.14 mi	Kidderpore Avenue, London	3	Flat
£3,358	07/24	0.15 mi	Westfield Apartments, Kidderpore Avenue, Hampstead, NW3	3	Flat
£3,250	08/24	0.15 mi	Westfield, Kidderpore Avenue, Hampstead, NW3	3	Flat
£5,000	07/24	0.15 mi	Westfield Kidderpore Avenue NW3	3	Flat
£3,250	08/24	0.15 mi	Kidderpore Avenue London NW3	3	Flat
£5,000	08/24	0.15 mi	Westfield,15 Kidderpore Avenue, Hampstead, London, NW3	3	Flat
£3,250	07/24	0.15 mi	Kidderpore Avenue, Hampstead, London, NW3	3	Flat
£3,250	08/24	0.16 mi	Wendover Court, Child's Hill, London, NW2	4	Flat
£6,000	08/24	0.16 mi	Platts Lane, Hampstead, London	4	Semi-Detached House
£5,000	06/24	0.17 mi	Ingham Road, London, NW6	4	Terraced House
£5,000	06/24	0.17 mi	-	4	Terraced House
£5,000	07/24	0.17 mi	Westfield, 15 Kidderpore Avenue, NW3	3	Flat
£2,600	07/24	0.17 mi	Wendover Court, Finchley Road, London, NW2	3	Flat
£3,250	09/24	0.17 mi	Finchley Road, London	4	Flat
£4,600	06/24	0.17 mi	-	4	Semi-Detached House
£4,400	03/25	0.17 mi	-	4	Semi-Detached House
£4,600	06/24	0.17 mi	Ingham Road, London, NW6	4	Detached House
£3,250	12/23	0.19 mi	Burrard Road, West Hampstead, NW6	3	House
£5,500	07/24	0.19 mi	Ferncroft Avenue, Hampstead, London NW3	4	Flat
£6,000	06/24	0.19 mi	Finchley Road, Hampstead, NW3	4	Detached House
£5,417	06/24	0.2 mi	Ferncroft Avenue, Hampstead NW3	4	Flat
£4,767	09/24	0.2 mi	-	4	Detached House
£2,925	07/24	0.2 mi	Burrard Road, West Hampstead,	3	Flat
£6,067	06/24	0.2 mi	Finchley Road, Hampstead, London, NW3	4	Flat
£2,578	08/24	0.21 mi	Moreland Court, Church Walk, London, NW2 2TP	3	Flat
£7,003	08/24	0.21 mi	Pattison Road, Child's Hill, London, NW2	4	House
£3,150	06/24	0.22 mi	-	4	Flat
£3,900	06/24	0.22 mi	Pattison Road, Hampstead	4	Terraced House
£2,925	06/24	0.22 mi	Finchley Road, London, NW2	4	Flat
£15,167	07/24	0.23 mi	Hollycroft Avenue, Hampstead, London, NW3	6	Detached House

Local Area Statistics

Population in NW2	67,39367,393
Population in London	4,771,9214,771,921
Town centre distance	4.39 miles away4.39 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.65 miles away0.65 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-1%-1%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+17%+17%

Property History

Listed for £1,850,000

February 7, 2025

Floor Plans

Description

Located in the Hocroft Estate +
4 bedrooms +
70ft garden +
Driveway +
Semi-detached +
Refurbishment opportunity +
Fire Place +

An impressive four-bedroom semi-detached house, now available on the market for the first time in 30 years. Located in the ever popular Hocroft Estate in West Hampstead, this family home offers approximately 2,400 sq ft of well-planned accommodation over two floors and requires modernisation.

The ground floor features a spacious double-length reception room and dining area leading onto a 70ft garden with patio, an eat-in kitchen, a guest cloakroom, a laundry room and a further living room. The first floor comprises four double bedrooms and two bathrooms.

This property also benefits from off-street parking. Ideally positioned for the excellent transport links of Finchley Road and the vibrant shops and restaurants of West Hampstead, with easy access to Brent Cross, this home presents an exceptional opportunity to create a dream residence in a prime location.

Agent Details

dfine, London

020 7101 7002

Next Steps?

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

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