3 Bed Flat, Planning Permission, London, NW4 2RN, £350,000

Second Avenue, Hendon, London, NW4 2RN - 2 months ago

Leasehold

Planning

ROI: 1%

~93 m²

+3 photos

ValuationFair Value

Sold Prices	£270K - £1.3M
Sold Prices/m²	£3.9K/m² - £8.3K/m²

Square Metres	~93 m²
Price/m²	£3.8K/m²
Value Estimate	£357,000£357,000

End Value (After Refurb)	£604,500£604,500
Uplift in Value	+73%+73%
You could potentially get back more cash than you put into this deal. All your cash out plus £17,038 extra. See the breakdown

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£26,200£26,200
Refurb Costs	£49,200£49,200
Bridging Loan Interest	£9,188£9,188
Total Cash In	£173,838£173,838

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£604,500£604,500
Agent Fees (1%)	£6,045£6,045
Bridging Loan	£262,500£262,500
Bridging Loan Interest	£9,188£9,188
Flip Profit	£162,118£162,118

Local Sold Prices

32 sold prices from £270K to £1.3M, average is £547.5K. £3.9K/m² to £8.3K/m², average is £5.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£450K	03/21	0.06 mi	74a, Finchley Lane, London, Greater London NW4 1DH	£3,879	116	3	Flat
£960K	02/21	0.17 mi	Flat 3, Miramar Lodge, Tenterden Grove, London, Greater London NW4 1TD	-	-	3	Flat
£850K	02/24	0.32 mi	Langley Court, Flat 4, Raleigh Close, London, Greater London NW4 2SR	£8,333	102	3	Flat
£915K	10/23	0.32 mi	Flat 6, Langley Court, Raleigh Close, London, Greater London NW4 2SR	-	-	3	Flat
£920K	12/22	0.36 mi	Flat 9, Ambassador Court, Century Close, London, Greater London NW4 2EE	-	-	3	Flat
£285K	06/23	0.36 mi	9b, Sunny Gardens Road, London, Greater London NW4 1SL	£7,224	39	3	Flat
£510K	06/21	0.38 mi	Flat 6, Brentwood Lodge, Holmdale Gardens, London, Greater London NW4 2LY	-	-	3	Flat
£585K	11/20	0.52 mi	First And Second Floor Flat, 86, Hurstwood Road, London, Greater London NW11 0AU	-	-	3	Flat
£555K	06/21	0.53 mi	Flat 10, Wykeham Court, Wykeham Road, London, Greater London NW4 2TE	-	-	3	Flat
£1.3M	10/20	0.55 mi	5, Woodlands, London, Greater London NW11 9QJ	£5,123	244	3	Flat
£430K	10/23	0.56 mi	Flat 16, Brook Lodge, North Circular Road, London, Greater London NW11 9LG	-	-	3	Flat
£270K	06/23	0.56 mi	Flat 9, Brook Lodge, North Circular Road, London, Greater London NW11 9LG	-	-	3	Flat
£695K	09/23	0.6 mi	120a, Sunningfields Road, London, Greater London NW4 4RE	£6,318	110	3	Flat
£570K	08/21	0.63 mi	Flat 21, Cranmer Court, Wickliffe Avenue, London, Greater London N3 3HG	-	-	3	Flat
£450K	05/21	0.65 mi	Flat 15, Fernside Court, Holders Hill Road, London, Greater London NW4 1JT	-	-	3	Flat
£390K	06/21	0.65 mi	Flat 4, Fernside Court, Holders Hill Road, London, Greater London NW4 1JT	-	-	3	Flat
£396K	05/23	0.67 mi	Flat 16, Kennyland Court, Hendon Way, London, Greater London NW4 3LU	-	-	3	Flat
£730K	09/21	0.68 mi	Flat 6, Grasmere Court, Holders Hill Gardens, London, Greater London NW4 1PF	-	-	3	Flat
£540K	03/21	0.71 mi	Flat 39, Chessington Court, Charter Way, London, Greater London N3 3DT	-	-	3	Flat
£560K	11/21	0.73 mi	Flat 28, Greenacres, Hendon Lane, London, Greater London N3 3SF	-	-	3	Flat
£435K	04/21	0.76 mi	Flat 2, Ashbourne Mansions, Finchley Road, London, Greater London NW11 0AB	-	-	3	Flat
£575K	03/21	0.76 mi	Flat 8, Montrose Court, Finchley Road, London, Greater London NW11 6AG	-	-	3	Flat
£700K	03/21	0.77 mi	Flat 32, Windsor Court, Golders Green Road, London, Greater London NW11 9PR	-	-	3	Flat
£350K	01/23	0.78 mi	Flat 17, Montrose Court, Finchley Road, London, Greater London NW11 6AG	-	-	3	Flat
£590K	06/23	0.78 mi	Flat 49, Windsor Court, Golders Green Road, London, Greater London NW11 9PR	-	-	3	Flat
£575K	08/23	0.83 mi	Flat 8, Yew Tree Court, Bridge Lane, London, Greater London NW11 0RA	-	-	3	Flat
£430K	12/22	0.84 mi	Flat 26, Queensborough Court, North Circular Road, London, Greater London N3 3JP	-	-	3	Flat
£350K	11/20	0.87 mi	Flat 11b, Temple Fortune Mansions, Finchley Road, London, Greater London NW11 0QR	-	-	3	Flat
£455K	02/21	0.92 mi	Flat 12, Arcade House, Finchley Road, London, Greater London NW11 7TL	-	-	3	Flat
£535K	08/23	0.92 mi	Flat 10, Arcade House, Finchley Road, London, Greater London NW11 7TL	-	-	3	Flat
£650K	03/21	0.92 mi	Flat 5, Arcade House, Finchley Road, London, Greater London NW11 7TL	-	-	3	Flat
£335K	10/20	0.99 mi	53, Malcolm Crescent, London, Greater London NW4 4PL	£4,653	72	3	Flat

Local Rents

49 rents from £1.6K/mo to £4.7K/mo, average is £2.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,850	08/24	0.05 mi	Fabric mews, Hendon, London, NW4	3	Terraced House
£2,850	07/24	0.05 mi	Victoria Road, Hendon, NW4	3	House
£2,850	06/24	0.05 mi	Victoria Road, Hendon, NW4	3	House
£2,450	12/24	0.08 mi	-	3	Flat
£2,475	08/24	0.08 mi	Finchley Lane, London, NW4	3	Flat
£2,200	06/24	0.08 mi	-	3	Flat
£2,200	09/24	0.08 mi	-	3	Flat
£2,200	06/24	0.08 mi	Finchley Lane, London, NW4	3	Flat
£2,800	10/24	0.1 mi	-	3	Semi-Detached House
£2,795	11/24	0.1 mi	-	3	Semi-Detached House
£4,700	06/24	0.11 mi	Tenterden Grove, Hendon, London, NW4	3	Flat
£2,000	07/24	0.11 mi	Ashwood House, Belle Vue Estate, London, NW4	3	Flat
£2,000	08/24	0.11 mi	Ashwood House, Belle Vue Estate, London, NW4	3	Flat
£2,240	07/24	0.11 mi	Tenterden Grove, London, NW4	3	Flat
£2,150	06/24	0.13 mi	Finchley Lane, Hendon, London, NW4	3	Flat
£2,050	07/24	0.13 mi	Finchley Lane, Hendon, London, NW4	3	Flat
£2,300	09/24	0.13 mi	-	3	Terraced House
£2,300	10/24	0.13 mi	-	3	Terraced House
£2,578	06/24	0.13 mi	Glebe Crescent, Hendon, NW4	3	Semi-Detached House
£2,500	08/24	0.15 mi	Alexandra Road, Hendon, NW4 2SB	3	Terraced House
£2,350	08/24	0.16 mi	Burnham Court, Brent Street, Hendon, NW4	3	Flat
£2,350	08/24	0.16 mi	Burnham Court, Brent Street, Hendon, NW4	3	Flat
£3,495	06/24	0.16 mi	Bell Lane, Hendon, NW4	3	Flat
£3,493	06/24	0.16 mi	Bell Lane, London, NW4	3	Terraced House
£2,150	07/24	0.16 mi	Finchley Lane, Hendon, London, NW4	3	Flat
£2,300	03/25	0.16 mi	-	3	Flat
£2,250	06/24	0.17 mi	Hillview Gardens, NW4	3	Flat
£2,150	08/24	0.17 mi	Finchley Lane , Hendon, London, NW4	3	Flat
£2,500	09/24	0.17 mi	Brent Street,	3	Flat
£3,750	06/24	0.18 mi	BELL LANE, Hendon, London, NW4	3	Detached House
£2,500	08/24	0.18 mi	Brent Street, Hendon, London NW4	3	Flat
£2,300	06/24	0.18 mi	Parson Street, Hendon, London, NW4	3	Flat
£2,500	07/24	0.18 mi	Finchley Lane, Hendon. London	3	Flat
£2,300	08/24	0.19 mi	Parson Street, Hendon, London, NW4	3	Flat
£2,050	08/24	0.19 mi	Parson Street, London, NW4	3	Flat
£1,650	10/24	0.19 mi	-	3	Flat
£2,650	09/24	0.19 mi	-	3	Flat
£2,201	06/24	0.19 mi	Albert Road, Hendon, NW4 2SG	3	Terraced House
£2,100	07/24	0.2 mi	-	3	Flat
£1,950	06/24	0.2 mi	Bell Lane, Hendon London, NW4	3	Flat
£3,000	04/25	0.22 mi	-	3	Terraced House
£2,750	06/24	0.22 mi	Mulberry Close, Hendon, London	3	Flat
£2,750	03/25	0.23 mi	-	3	Flat
£2,515	07/24	0.23 mi	-	3	Flat
£2,500	07/24	0.23 mi	Hendon, London, NW4	3	Flat
£2,200	03/25	0.24 mi	-	3	Flat
£3,495	06/24	0.24 mi	Bell Lane, London	3	Flat
£3,150	07/24	0.26 mi	Langton Court, Parson Street, Hendon, NW4	3	Flat
£3,150	08/24	0.26 mi	Langton Court, 37 Parson Street, London, NW4	3	Flat

Local Area Statistics

Population in NW4	31,74531,745
Population in London	4,771,9214,771,921
Town centre distance	6.39 miles away6.39 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.56 miles away0.56 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+15%+15%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+8%+8%

Property History

Price changed to £350,000

March 8, 2025

Listed for £375,000

February 13, 2025

Floor Plans

Description

Chain Free +
Share of Freehold +
2/ 3 Bedrooms +
Separate Kitchen & Lounge +
Garden +
Further extension STPP +
Great Location +
Barnet Council Tax Band C +

CHAIN FREE Second Avenue, Hendon - a great location that could be the perfect setting for your new home! This property boasts 1/ 2 reception room, 2/ 3 bedrooms and 1 bathroom, making it an ideal space for a small family or professionals looking for a comfortable living space. Further benefits are a separate kitchen and outside space with own share of the garden.

This 710 sq ft flat conversion offers a unique opportunity to create a bespoke living space tailored to your preferences. With a share of freehold, you'll have the freedom to make this property truly your own.

Although the property requires some work, it has potential to extending the space further, subject to planning permission.

Located in a prime spot, this property benefits from being in a good location with easy access to local amenities, transport links, and green spaces. Whether you're looking for a peaceful retreat or a vibrant urban lifestyle, this property offers the best of both worlds.

Contact Squires Estates today to arrange a viewing.

Leasehold - Share of Freehold: 999 year lease
Ground Rent: n/a
Service Charge: £600 per annum (£50 per month)
Barnet Council Tax Band C

Agent Details

Squires Estates, Hendon

020 3889 9107

Next Steps?

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

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