2 Bed Flat, Single Let, London, W9 1NJ, £435,000

298 Elgin Avenue, London, W9 1JS - 1 views - a month ago

Leasehold

BTL

ROI: 3%

~68 m²

ValuationUndervalued

Sold Prices	£400K - £12.5M
Sold Prices/m²	£10.3K/m² - £18.5K/m²

Square Metres	~68.11 m²
Price/m²	£6.4K/m²
Value Estimate	£539,400£539,400
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£108,750£108,750
Stamp Duty & Legal Fees	£32,200£32,200
Total Cash In	£140,950£140,950

Cash Out
Rent Range	£2,000 - £6,283£2,000 - £6,283
Rent Estimate	£2,196
Running Costs/mo	£1,819£1,819
Cashflow/mo	£377£377
Cashflow/yr	£4,529£4,529
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £400K to £12.5M, average is £782.5K. £10.3K/m² to £18.5K/m², average is £12.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£625K	09/23	0.06 mi	Flat D, 225, Elgin Avenue, London, Greater London W9 1NH	£11,950	52	2	Flat
£2.5M	01/21	0.06 mi	Basement & Ground Floor Flat, 221, Elgin Avenue, London, Greater London W9 1NH	-	-	2	Flat
£800K	04/21	0.09 mi	Ground Floor Flat, 117, Randolph Avenue, London, Greater London W9 1DN	£13,333	60	2	Flat
£662.5K	12/23	0.09 mi	First Floor Flat, 117, Randolph Avenue, London, Greater London W9 1DN	£11,830	56	2	Flat
£845K	01/24	0.09 mi	Flat 4a, Ashworth Mansions, Elgin Avenue, London, Greater London W9 1JL	-	-	2	Flat
£820.5K	08/23	0.09 mi	Flat 9, Ashworth Mansions, Elgin Avenue, London, Greater London W9 1JL	-	-	2	Flat
£1.3M	12/20	0.11 mi	Flat 79, Ashworth Mansions, Grantully Road, London, Greater London W9 1LN	-	-	2	Flat
£835K	05/23	0.14 mi	Flat 22, Biddulph Mansions, Biddulph Road, London, Greater London W9 1HY	-	-	2	Flat
£1.1M	03/21	0.17 mi	Flat 86, Lauderdale Mansions, Lauderdale Road, London, Greater London W9 1NF	-	-	2	Flat
£880K	02/23	0.17 mi	Flat 90, Elgin Mansions, Elgin Avenue, London, Greater London W9 1JN	-	-	2	Flat
£760K	06/21	0.23 mi	Flat 91, Biddulph Mansions, Elgin Avenue, London, Greater London W9 1HU	-	-	2	Flat
£1.2M	02/23	0.23 mi	Flat 234, Lauderdale Mansions, Lauderdale Road, London, Greater London W9 1NQ	-	-	2	Flat
£725K	12/20	0.23 mi	Flat 219, Lauderdale Mansions, Lauderdale Road, London, Greater London W9 1LZ	-	-	2	Flat
£1.4M	06/21	0.23 mi	Basement Flat, 178, Sutherland Avenue, London, Greater London W9 1HR	-	-	2	Flat
£710K	09/21	0.25 mi	8c, Carlton Vale, London, Greater London NW6 5EE	-	-	2	Flat
£1.1M	05/23	0.26 mi	Flat 82, Elgin Mansions, Elgin Avenue, London, Greater London W9 1JN	-	-	2	Flat
£400K	06/23	0.27 mi	Flat 140, Dibdin House, Maida Vale, London, Greater London W9 1QG	-	-	2	Flat
£677.5K	01/23	0.28 mi	Flat 6, Elmfield House, Carlton Hill, London, Greater London NW8 9XB	-	-	2	Flat
£423K	02/21	0.28 mi	Flat 40, Dibdin House, Maida Vale, London, Greater London W9 1QE	-	-	2	Flat
£635K	02/21	0.29 mi	Flat 24, Knoll House, Carlton Hill, London, Greater London NW8 9XD	-	-	2	Flat
£500K	02/21	0.3 mi	Flat 2, Florence Court, Maida Vale, London, Greater London W9 1TB	-	-	2	Flat
£980K	06/23	0.31 mi	Flat 10, Morshead Mansions, Morshead Road, London, Greater London W9 1LE	-	-	2	Flat
£650K	07/23	0.31 mi	Flat 2, Greville Hall, Greville Place, London, Greater London NW6 5JS	-	-	2	Flat
£1.1M	01/21	0.31 mi	Flat 54, Morshead Mansions, Morshead Road, London, Greater London W9 1LF	-	-	2	Flat
£12.5M	12/20	0.32 mi	61, Hamilton Terrace, London, Greater London NW8 9RG	-	-	2	Flat
£900K	03/21	0.33 mi	48a, Hamilton Terrace, London, Greater London NW8 9UJ	-	-	2	Flat
£780K	02/21	0.33 mi	Flat 31, Wymering Mansions, Wymering Road, London, Greater London W9 2NB	-	-	2	Flat
£1.7M	12/22	0.33 mi	Basement Flat, 44a, Marlborough Place, London, Greater London NW8 0PL	-	-	2	Flat
£895K	08/23	0.34 mi	Flat 66, Wymering Mansions, Wymering Road, London, Greater London W9 2ND	-	-	2	Flat
£615K	03/23	0.34 mi	Flat 109, Delaware Mansions, Delaware Road, London, Greater London W9 2LJ	-	-	2	Flat
£687K	11/21	0.34 mi	Flat 146, Delaware Mansions, Delaware Road, London, Greater London W9 2LL	-	-	2	Flat
£700K	07/23	0.34 mi	First Floor Flat, 117, Elgin Avenue, London, Greater London W9 2NR	-	-	2	Flat
£780K	03/23	0.35 mi	Flat 32, Delaware Mansions, Delaware Road, London, Greater London W9 2LH	-	-	2	Flat
£785K	08/23	0.35 mi	Flat 89, Wymering Mansions, Wymering Road, London, Greater London W9 2NE	-	-	2	Flat
£757.5K	03/21	0.35 mi	Flat 88, Wymering Mansions, Wymering Road, London, Greater London W9 2NE	-	-	2	Flat
£2.2M	09/23	0.35 mi	Basement Flat, 22, Warrington Crescent, London, Greater London W9 1EL	£18,542	120	2	Flat
£2.1M	09/23	0.35 mi	Ground Floor Flat, 22, Warrington Crescent, London, Greater London W9 1EL	-	-	2	Flat
£450K	11/20	0.35 mi	Flat 187, Dibdin House, Maida Vale, London, Greater London W9 1QQ	-	-	2	Flat
£535K	09/23	0.36 mi	Flat 26, Franklin House, Carlton Vale, London, Greater London NW6 5BZ	-	-	2	Flat
£625K	03/21	0.36 mi	50b, Randolph Avenue, London, Greater London W9 1BE	-	-	2	Flat
£1.5M	06/24	0.36 mi	21b, Randolph Crescent, London, Greater London W9 1DP	£15,361	97	2	Flat
£840K	06/23	0.36 mi	Flat 164, Wymering Mansions, Wymering Road, London, Greater London W9 2NG	-	-	2	Flat
£1.7M	03/23	0.36 mi	47e, Randolph Avenue, London, Greater London W9 1BQ	-	-	2	Flat
£800K	02/24	0.36 mi	Essendine Mansions, Flat 54, Essendine Road, London, Greater London W9 2LY	£12,698	63	2	Flat
£720K	01/23	0.37 mi	Flat 3, Southwold Mansions, Widley Road, London, Greater London W9 2LE	-	-	2	Flat
£670K	09/23	0.37 mi	Flat 31, Southwold Mansions, Widley Road, London, Greater London W9 2LE	-	-	2	Flat
£1.1M	11/23	0.38 mi	99e, Elgin Avenue, London, Greater London W9 2NP	£10,268	112	2	Flat
£575.5K	05/23	0.39 mi	Flat 75, Southwold Mansions, Widley Road, London, Greater London W9 2LF	-	-	2	Flat
£535K	06/21	0.39 mi	Ground Floor Flat, 85, Shirland Road, London, Greater London W9 2EL	£11,630	46	2	Flat
£624K	06/21	0.4 mi	Flat 3, Cleveland Mansions, Widley Road, London, Greater London W9 2LA	-	-	2	Flat

Local Rents

50 rents from £2K/mo to £6.3K/mo, average is £2.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,167	10/24	0.01 mi	-	2	Flat
£2,167	10/24	0.01 mi	-	2	Flat
£2,167	03/25	0.01 mi	-	2	Flat
£3,640	10/24	0.05 mi	-	2	Flat
£3,640	10/24	0.05 mi	Elgin Avenue, London, W9	2	Flat
£4,333	10/24	0.06 mi	-	2	Flat
£2,200	10/24	0.06 mi	Edinburgh House, 155 Maida Vale, W9	2	Flat
£2,400	10/24	0.06 mi	-	2	Flat
£5,157	03/25	0.07 mi	-	2	Flat
£2,210	10/24	0.07 mi	Lanark Road, London W9	2	Flat
£2,250	02/24	0.08 mi	-	2	Flat
£2,500	11/24	0.08 mi	-	2	Flat
£2,500	10/24	0.08 mi	-	2	Flat
£2,250	10/24	0.08 mi	Lanark Road, Maida Vale	2	Flat
£3,250	10/24	0.08 mi	Randolph Avenue, London, W9	2	Flat
£2,396	10/24	0.08 mi	Randolph Avenue, London, W9	2	Flat
£2,000	10/24	0.1 mi	-	2	Flat
£2,200	02/25	0.1 mi	-	2	Flat
£2,513	10/24	0.1 mi	-	2	Flat
£3,000	04/25	0.1 mi	-	2	Flat
£3,400	10/24	0.1 mi	Maida Vale, W9	2	Flat
£3,250	10/24	0.11 mi	Grantully Road London W9	2	Flat
£2,800	07/24	0.13 mi	Bradman House, Abercorn Place, NW8	2	Flat
£2,800	08/24	0.13 mi	Bradman House, Abercorn Place, NW8	2	Flat
£3,150	04/25	0.13 mi	-	2	Flat
£3,987	10/24	0.13 mi	Maida Vale, Maida Vale W9	2	Flat
£2,492	10/24	0.13 mi	Randolph Avenue, Maida Vale, London, W9	2	Flat
£2,650	12/24	0.14 mi	-	2	Flat
£2,650	12/24	0.14 mi	-	2	Flat
£2,549	01/25	0.14 mi	-	2	Flat
£2,500	06/24	0.14 mi	Warner House, Abercorn Place, NW8	2	Flat
£2,799	08/24	0.14 mi	Bradman House, Abercorn Place, St. Johns Wood, London, NW8	2	Flat
£2,799	08/24	0.14 mi	Bradman House, Abercorn Place, St. Johns Wood, London, NW8	2	Flat
£2,500	07/24	0.14 mi	-	2	Flat
£2,550	07/24	0.14 mi	Warner House, Abercorn Place, NW8	2	Flat
£2,470	10/24	0.14 mi	Randolph Avenue, West Kilburn, W9	2	Flat
£2,492	10/24	0.14 mi	Randolph Avenue, Maida Vale W9	2	Flat
£3,000	10/24	0.14 mi	Marlborough, Maida Vale W9	2	Flat
£2,492	10/24	0.15 mi	Randolph Avenue, Maida Vale, W9	2	Flat
£6,283	07/24	0.15 mi	Hamilton Terrace Maida Vale NW8	2	Flat
£5,200	07/24	0.16 mi	Hamilton Terrace, St John's Wood, London, NW8	2	Flat
£5,200	07/24	0.16 mi	Hamilton Terrace, London	2	Flat
£5,200	08/24	0.16 mi	Hamilton Terrace, St Johns Wood, London, NW8	2	Flat
£3,198	06/24	0.16 mi	Hamilton Terrace, St Johns Wood, NW8	2	Flat
£2,900	03/25	0.16 mi	-	2	Flat
£3,198	10/24	0.17 mi	Warwick Avenue, Maida Vale, W9 1NP	2	Flat
£3,467	06/24	0.18 mi	Abercorn Place, London	2	Flat
£2,847	10/24	0.18 mi	Marylands Road, London, W9	2	Flat
£4,767	08/24	0.18 mi	Hamilton Terrace, St John's Wood, London, NW8	2	Flat
£3,000	02/25	0.19 mi	-	2	Flat

Local Area Statistics

Population in W9	37,72437,724
Population in London	4,771,9214,771,921
Town centre distance	3.44 miles away3.44 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.03 miles away0.03 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-3%-3%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+12%+12%

Property History

Listed for £435,000

March 3, 2025

Floor Plans

Description

Two Bedrooms +
Separate Kitchen +
First Floor Flat +
Wooden Flooring Throughout +
Great Transport Links +
Chain Free +

A first floor flat set in a period conversion. This property features two double bedrooms, one of which comes with an en suite, a separate kitchen and wooden flooring throughout.

Directly across from Maida Vale tube station, this location offers easy access to the extensive amenities of Maida Vale and nearby areas, including the lush green spaces of Paddington Recreational Ground.

Tenure: Leasehold Lease Years Remaining: 981
Service Charge: £200 (Yearly)
Annual Ground Rent: £100
Council Tax Band: E

Information contained within this listing is for guidance only and should be checked and confirmed (prior to proceeding).

Agent Details

Dexters, Maida Vale

020 7266 2020

Next Steps?

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

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