2 Bed Flat, Single Let, London, NW2 5NJ, £250,000

115 Deacon Road, Willesden, London, NW2 5NJ - 23 days ago

Leasehold

Auction

BTL

ROI: 8%

63 m²

+5 photos

ValuationUndervalued

Sold Prices	£146K - £850K
Sold Prices/m²	£1.6K/m² - £23K/m²

Square Metres	63 m²
Price/m²	£4K/m²
Value Estimate	£300,000£300,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£13,700£13,700
Total Cash In	£76,200£76,200

Cash Out
Rent Range	£1,650 - £2,500£1,650 - £2,500
Rent Estimate	£1,656
Running Costs/mo	£1,132£1,132
Cashflow/mo	£524£524
Cashflow/yr	£6,283£6,283
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £146K to £850K, average is £427.5K. £1.6K/m² to £23K/m², average is £7.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£365K	06/21	0.02 mi	129, Deacon Road, London, Greater London NW2 5NJ	£5,794	63	2	Flat
£429.9K	02/21	0.09 mi	61a, Deacon Road, London, Greater London NW2 5NL	£6,935	62	2	Flat
£430K	04/21	0.1 mi	224, Chapter Road, London, Greater London NW2 5NB	£7,026	61	2	Flat
£395K	09/21	0.11 mi	12a, Deacon Road, London, Greater London NW2 5QH	£7,054	56	2	Flat
£400K	03/23	0.11 mi	49a, Deacon Road, London, Greater London NW2 5NL	£6,154	65	2	Flat
£255.5K	01/23	0.12 mi	25a, Cooper Road, London, Greater London NW10 1BG	£5,436	47	2	Flat
£490K	08/23	0.16 mi	19a, Deacon Road, London, Greater London NW2 5NP	£7,903	62	2	Flat
£340K	12/23	0.21 mi	22b, Chaplin Road, London, Greater London NW2 5PN	-	-	2	Flat
£500K	08/23	0.22 mi	14b, Beaconsfield Road, London, Greater London NW10 2JG	-	-	2	Flat
£350K	03/21	0.24 mi	Ground Floor Flat, 137, Sandringham Road, London, Greater London NW2 5EJ	£8,140	43	2	Flat
£470K	01/23	0.24 mi	Ground Floor Flat, 109a, Churchill Road, London, Greater London NW2 5EH	£10,217	46	2	Flat
£380K	01/23	0.25 mi	111, Pound Lane, London, Greater London NW10 2HU	-	-	2	Flat
£530K	02/21	0.27 mi	52, Hamilton Road, London, Greater London NW10 1NE	-	-	2	Flat
£390K	02/23	0.29 mi	101a, Churchill Road, London, Greater London NW2 5EG	-	-	2	Flat
£414K	03/21	0.32 mi	Ground Floor Flat, 15, Balmoral Road, London, Greater London NW2 5DX	-	-	2	Flat
£465K	05/21	0.33 mi	98a, Chapter Road, London, Greater London NW2 5LR	-	-	2	Flat
£468K	10/21	0.35 mi	Ground Floor Flat, 30, Osborne Road, London, Greater London NW2 5DP	£8,830	53	2	Flat
£423K	01/21	0.36 mi	Flat B, 24, Churchill Road, London, Greater London NW2 5EA	£11,432	37	2	Flat
£490K	11/20	0.36 mi	36a, Osborne Road, London, Greater London NW2 5DP	-	-	2	Flat
£460K	04/23	0.4 mi	39a, Huddlestone Road, London, Greater London NW2 5DL	£7,972	58	2	Flat
£445K	07/23	0.41 mi	Flat 7, Balgove Court, Eden Grove, London, Greater London NW10 2TJ	-	-	2	Flat
£570K	12/20	0.49 mi	Garden Flat, 7, Kings Road, London, Greater London NW10 2BL	-	-	2	Flat
£440K	06/21	0.5 mi	39a, Roundwood Road, London, Greater London NW10 9TP	£5,238	84	2	Flat
£146K	10/23	0.5 mi	First Floor Flat, 26, Kings Road, London, Greater London NW10 2BP	£1,587	92	2	Flat
£475K	12/20	0.51 mi	12a, Harlesden Road, London, Greater London NW10 2BX	-	-	2	Flat
£482.5K	08/23	0.51 mi	Ground Floor Flat, 213, Harlesden Road, London, Greater London NW10 3SD	£6,433	75	2	Flat
£635K	12/20	0.52 mi	67, Newman Close, London, Greater London NW10 2EF	£8,141	78	2	Flat
£550K	01/23	0.52 mi	15, Newman Close, London, Greater London NW10 2EF	£7,534	73	2	Flat
£355K	06/21	0.53 mi	174, Roundwood Road, Willesden, London, Greater London NW10 3UG	-	-	2	Flat
£382.5K	09/23	0.53 mi	166, Roundwood Road, Willesden, London, Greater London NW10 3UG	£6,212	62	2	Flat
£425K	03/23	0.53 mi	226, Roundwood Road, Willesden, London, Greater London NW10 3UG	£6,521	65	2	Flat
£475K	03/23	0.55 mi	47b, Prout Grove, London, Greater London NW10 1PU	£6,854	69	2	Flat
£400K	07/23	0.55 mi	Flat 3, Victoria Mansions, Grange Road, London, Greater London NW10 2RG	-	-	2	Flat
£300K	08/21	0.56 mi	99a, Riffel Road, London, Greater London NW2 4PG	-	-	2	Flat
£460K	04/21	0.56 mi	83, Riffel Road, London, Greater London NW2 4PG	£23,000	20	2	Flat
£360K	04/23	0.57 mi	19a, Oldfield Road, London, Greater London NW10 9UD	-	-	2	Flat
£465K	03/21	0.57 mi	102, Chambers Lane, London, Greater London NW10 2RP	£7,750	60	2	Flat
£350K	05/21	0.61 mi	37, Robson Avenue, London, Greater London NW10 3SZ	£7,143	49	2	Flat
£346K	08/21	0.62 mi	65c, Oldfield Road, London, Greater London NW10 9UT	-	-	2	Flat
£346K	12/20	0.62 mi	115b, Oldfield Road, London, Greater London NW10 9UT	-	-	2	Flat
£335K	06/21	0.62 mi	Ground Floor Flat, 113, Oldfield Road, London, Greater London NW10 9UT	£6,204	54	2	Flat
£180K	03/23	0.62 mi	Flat 85, Donnington Court, Donnington Road, London, Greater London NW10 3TJ	-	-	2	Flat
£385K	08/23	0.63 mi	24a, Brendon Avenue, London, Greater London NW10 1SS	-	-	2	Flat
£625K	12/23	0.63 mi	21b, Staverton Road, London, Greater London NW2 5EY	£7,716	81	2	Flat
£500K	06/21	0.65 mi	91, Chambers Lane, London, Greater London NW10 2RN	£7,692	65	2	Flat
£493K	08/21	0.66 mi	Flat 10, Trinity Court, Anson Road, London, Greater London NW2 6AZ	-	-	2	Flat
£389K	11/21	0.68 mi	3, Lovat Close, London, Greater London NW2 7RU	£7,374	53	2	Flat
£785K	01/24	0.69 mi	10a, Heathfield Park, London, Greater London NW2 5JD	-	-	2	Flat
£399.4K	04/21	0.7 mi	63, Bridge Road, London, Greater London NW10 9DG	£6,052	66	2	Flat
£850K	02/21	0.71 mi	Ground Floor Flat, 2, Blenheim Gardens, London, Greater London NW2 4NS	£7,328	116	2	Flat

Local Rents

50 rents from £1.6K/mo to £2.5K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,250	08/24	0.02 mi	-	2	Flat
£2,200	10/24	0.02 mi	-	2	Flat
£1,703	07/24	0.03 mi	Chapter Road, Willesden Green	2	Flat
£1,850	08/24	0.09 mi	Dudden Hill Lane, London, NW10	2	Flat
£2,384	08/24	0.09 mi	Chapter Road, Willesden, London, NW2	2	Semi-Detached House
£2,250	07/24	0.09 mi	Chaplin Road, Willesden, London, NW2	2	Flat
£2,250	08/24	0.09 mi	Chaplin Road, Willesden, London, NW2	2	Flat
£2,000	10/24	0.09 mi	-	2	Flat
£1,863	06/24	0.1 mi	Chapter Road, Willesden Green NW2	2	Flat
£1,900	06/24	0.1 mi	Chaplin Road, Willesden, NW2	2	Flat
£1,950	07/24	0.11 mi	Colin Road, Wilesden	2	Flat
£2,100	11/24	0.12 mi	-	2	Flat
£1,750	02/25	0.13 mi	-	2	Flat
£1,820	06/24	0.13 mi	Belton Road, Willesden Green NW2	2	Flat
£1,800	09/24	0.14 mi	-	2	Flat
£1,800	08/24	0.14 mi	Chapter Road, London, NW2	2	Flat
£1,799	07/24	0.14 mi	Belton Road, London, NW2 5PE	2	Flat
£2,300	08/24	0.16 mi	Deacon Road, London, NW2	2	Flat
£2,300	08/24	0.16 mi	-	2	Flat
£2,200	10/24	0.16 mi	-	2	Flat
£1,846	07/24	0.16 mi	Chapter Road, Willesden Green	2	Flat
£1,650	03/25	0.18 mi	-	2	Flat
£1,650	03/25	0.18 mi	-	2	Flat
£1,900	05/24	0.19 mi	-	2	Flat
£1,902	06/24	0.2 mi	Sandringham Road, Willesden	2	Flat
£1,750	07/24	0.21 mi	Chaplin Road, London	2	Flat
£1,700	09/24	0.23 mi	-	2	Flat
£1,995	06/24	0.23 mi	High Road, Dollis Hill, NW10	2	Flat
£1,800	11/24	0.23 mi	-	2	Flat
£1,650	11/24	0.24 mi	-	2	Flat
£2,100	03/25	0.24 mi	-	2	Flat
£1,700	11/24	0.24 mi	-	2	Flat
£2,500	09/24	0.25 mi	-	2	Flat
£1,700	06/24	0.25 mi	Burnley Road, London, NW10	2	Flat
£1,995	06/24	0.25 mi	High Road, London, NW10	2	Flat
£1,995	07/24	0.25 mi	High Road, Dollis Hill, NW10	2	Flat
£1,900	01/25	0.25 mi	-	2	Flat
£1,800	06/24	0.27 mi	Chaplin Road, Willesden Green, London	2	Terraced House
£1,699	06/24	0.27 mi	Churchill Road, Willesden	2	Flat
£1,800	08/24	0.28 mi	Churchill Road, London, NW2	2	Flat
£2,100	01/25	0.28 mi	-	2	Flat
£2,200	03/24	0.29 mi	Litchfield Gardens, London, NW10	2	Flat
£2,400	06/24	0.29 mi	Middle Yard, Dollis Hill, London, NW10	2	Flat
£1,950	06/24	0.3 mi	Windsor Road, Willesden, NW2	2	Flat
£1,950	07/24	0.3 mi	Windsor Road, Willesden, NW2	2	Flat
£2,167	07/24	0.3 mi	Pound Lane, Willesden, NW10	2	Flat
£1,800	12/24	0.31 mi	-	2	Semi-Detached House
£2,448	06/24	0.31 mi	-	2	Flat
£2,448	06/24	0.31 mi	-	2	Flat
£2,383	06/24	0.31 mi	-	2	Flat

Local Area Statistics

Population in NW2	67,39367,393
Population in London	4,771,9214,771,921
Town centre distance	5.93 miles away5.93 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.08 miles away0.08 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 £250,000

February 28, 2025

Floor Plans

Description

Guide Price = **£250,000+

For Sale By Public Auction 20th March 2025 10:00 AM To inspect the legal documents for this property go to our website to download the legal pack

A Ground Floor Two Bedroom Flat

**Tenure
Leasehold. The property is held on a 99 year lease from 25th March 1972 (thus approximately 46 years unexpired).

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Gladstone Park are within easy reach. Transport links are provided by Dollis Hill underground station (Jubilee line).

Description
The property comprises a ground floor two bedroom flat situated within a mid terrace building arranged over ground and first floors.

Accommodation
Ground Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom

Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.

Open House Viewings:
Viewing Schedule (No Booking Required)

Thursday 6 March 13:00 - 13:30
Monday 10 March 13:00 - 13:30
Wednesday 12 March 13:00 - 13:30
Friday 14 March 13:00 - 13:30
Tuesday 18 March 13:00 - 13:30

Addendum
Please note that this property is subject to a Buyers Premium of £1,560 inc VAT. This is in addition to the buyer's admin fee of £1,500 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.

Agent Details

Auction House London, Hampstead

020 3897 6030

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Local Rents