3 Bed Flat, Refurb/BRRR, London, NW11 8SL, £750,000

120 The Vale, London, NW11 8SL - 4 views - 17 days ago

Leasehold

Refurb/BRRR

ROI: 2%

83 m²

+8 photos

ValuationOvervalued

Sold Prices	£375K - £4.7M
Sold Prices/m²	£3.7K/m² - £12.7K/m²

Square Metres	83 m²
Price/m²	£9K/m²
Value Estimate	£544,262£544,262

End Value (After Refurb)	£690,000£690,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£187,500£187,500
Stamp Duty & Legal Fees	£63,700£63,700
Refurb Costs	£43,910£43,910
Bridging Loan Interest	£19,688£19,688
Total Cash In	£316,547£316,547

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£690,000£690,000
Mortgage (After Refinance)	£517,500£517,500
Mortgage LTV	75%75%
Cash Left In	£316,547£316,547
Equity	£172,500£172,500
Rent Range	£2,000 - £7,583£2,000 - £7,583
Rent Estimate	£3,226
Running Costs/mo	£2,821£2,821
Cashflow/mo	£405£405
Cashflow/yr	£4,855£4,855
ROI	2%2%
Gross Yield	5%5%

Local Sold Prices

32 sold prices from £375K to £4.7M, average is £565K. £3.7K/m² to £12.7K/m², average is £5.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£375K	04/23	0.11 mi	124, Hendon Way, London, Greater London NW2 2NG	£3,676	102	3	Flat
£600K	12/22	0.38 mi	Flat 1, Kimber House, Lyndale Avenue, London, Greater London NW2 2QD	-	-	3	Flat
£395K	09/23	0.38 mi	Flat 5, Avenue Court, Farm Avenue, London, Greater London NW2 2PT	-	-	3	Flat
£500K	09/23	0.46 mi	Flat 18, Orchard Mead House, Finchley Road, London, Greater London NW11 8DJ	-	-	3	Flat
£3.9M	01/21	0.52 mi	21, Farm Avenue, London, Greater London NW2 2BJ	£12,706	303	3	Flat
£510K	09/21	0.56 mi	Flat 11, Golders Court, Woodstock Road, London, Greater London NW11 8QG	-	-	3	Flat
£490K	06/23	0.56 mi	Flat 16, Golders Court, Woodstock Road, London, Greater London NW11 8QG	-	-	3	Flat
£585K	07/21	0.57 mi	Flat 62, Moreland Court, Finchley Road, London, Greater London NW2 2TN	-	-	3	Flat
£495K	10/22	0.57 mi	Flat 20, Golders Court, Woodstock Road, London, Greater London NW11 8QG	-	-	3	Flat
£400K	01/24	0.58 mi	Flat 51, Moreland Court, Finchley Road, London, Greater London NW2 2PL	-	-	3	Flat
£4.7M	06/21	0.6 mi	69, West Heath Road, London, Greater London NW3 7TH	£8,741	532	3	Flat
£525K	06/21	0.6 mi	Flat 48, Wendover Court, Finchley Road, London, Greater London NW2 2PH	-	-	3	Flat
£765K	06/23	0.62 mi	Flat 15, Vernon Court, Hendon Way, London, Greater London NW2 2PD	-	-	3	Flat
£595K	11/20	0.62 mi	Flat 18, Vernon Court, Hendon Way, London, Greater London NW2 2PD	-	-	3	Flat
£910K	02/21	0.7 mi	Flat 1, White Court, Platts Lane, London, Greater London NW3 7PL	-	-	3	Flat
£650K	11/20	0.75 mi	369, Edgware Road, London, Greater London NW2 6LB	£5,963	109	3	Flat
£850K	06/21	0.77 mi	Flat 12, West Heath Court, North End Road, London, Greater London NW11 7RE	-	-	3	Flat
£528K	05/21	0.79 mi	24b, Ebbsfleet Road, London, Greater London NW2 3NA	-	-	3	Flat
£1.2M	03/23	0.8 mi	Ground Floor Flat, 25, Menelik Road, London, Greater London NW2 3RJ	-	-	3	Flat
£425K	10/23	0.81 mi	22a, Langton Road, London, Greater London NW2 6QA	£5,313	80	3	Flat
£445K	08/23	0.82 mi	Flat 108, Ashford Court, Ashford Road, London, Greater London NW2 6BS	-	-	3	Flat
£545K	05/21	0.82 mi	83a, Temple Road, London, Greater London NW2 6PN	£5,343	102	3	Flat
£512K	06/21	0.83 mi	2b, Skardu Road, London, Greater London NW2 3ER	-	-	3	Flat
£375K	11/23	0.83 mi	11a, Ivy Road, London, Greater London NW2 6SU	-	-	3	Flat
£615K	02/21	0.88 mi	Flat 27, Corringham Court, Corringham Road, London, Greater London NW11 7BY	-	-	3	Flat
£760K	12/21	0.89 mi	Flat 3, Lawn Mansions, Gondar Gardens, London, Greater London NW6 1ER	-	-	3	Flat
£450K	02/21	0.9 mi	81a, Mora Road, London, Greater London NW2 6TB	£5,921	76	3	Flat
£590K	06/23	0.9 mi	Flat 49, Windsor Court, Golders Green Road, London, Greater London NW11 9PR	-	-	3	Flat
£700K	03/21	0.91 mi	Flat 32, Windsor Court, Golders Green Road, London, Greater London NW11 9PR	-	-	3	Flat
£475K	03/21	0.92 mi	82, Britten Close, London, Greater London NW11 7HW	£5,769	82	3	Flat
£1.1M	01/23	0.97 mi	13a, Heath Drive, London, Greater London NW3 7SN	-	-	3	Flat
£975K	05/23	0.98 mi	First Floor Flat, 39, Achilles Road, London, Greater London NW6 1DZ	£8,553	114	3	Flat

Local Rents

50 rents from £2K/mo to £7.6K/mo, average is £2.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£6,500	12/24	0.01 mi	-	3	Flat
£6,000	02/24	0.03 mi	-	3	Flat
£7,000	02/24	0.03 mi	-	3	Detached House
£6,000	03/25	0.03 mi	-	3	Detached House
£2,000	06/24	0.05 mi	Cheviot Gate, London, NW2	3	Detached House
£2,817	07/24	0.09 mi	Greenfield Gardens, Cricklewood, London, NW2 1HX	3	House
£2,000	06/24	0.13 mi	Cheviot Gardens, Cricklewood, NW2	3	Detached House
£2,300	06/24	0.14 mi	The Vale, Golders Green	3	Flat
£3,300	02/25	0.16 mi	-	3	Flat
£2,800	06/24	0.19 mi	Sunflower Court, London	3	Flat
£2,650	03/25	0.2 mi	-	3	Flat
£2,650	06/24	0.21 mi	Cheviot Gardens, London, NW2	3	Semi-Detached House
£2,650	07/24	0.21 mi	Cheviot Gardens, London, NW2	3	Semi-Detached House
£2,650	07/24	0.21 mi	-	3	Semi-Detached House
£2,648	08/24	0.21 mi	Cheviot Gardens, Golders Green Estate	3	House
£2,550	01/25	0.21 mi	-	3	Flat
£2,300	12/24	0.21 mi	-	3	Flat
£2,750	06/24	0.22 mi	-	3	Semi-Detached House
£2,900	01/25	0.22 mi	-	3	Terraced House
£2,200	01/25	0.25 mi	-	3	Flat
£2,750	06/24	0.26 mi	Cloister Road, London, Greater London, NW2 2NP	3	Detached House
£2,750	06/24	0.26 mi	Cloister Road, London, NW2	3	Terraced House
£2,700	07/24	0.26 mi	Cumbrian Gardens, London, NW2	3	Flat
£2,700	08/24	0.26 mi	-	3	Flat
£2,383	07/24	0.26 mi	Nant Court, Granville Road, London, NW2 2LB	3	Flat
£2,383	08/24	0.26 mi	Nant Court, Granville Road, London, NW2 2LB	3	Flat
£2,750	12/24	0.27 mi	-	3	Flat
£2,000	09/24	0.27 mi	Granville Road, Childs Hill, NW2	3	Flat
£4,200	02/25	0.28 mi	-	3	Flat
£3,050	07/24	0.28 mi	Hamlet Square, London, NW2	3	Semi-Detached House
£2,200	06/24	0.28 mi	Pennine Drive, London, NW2	3	Flat
£2,297	06/24	0.29 mi	Hendon Way, London, NW2	3	Flat
£3,200	02/25	0.3 mi	-	3	Semi-Detached House
£2,400	03/25	0.32 mi	-	3	Flat
£2,167	06/24	0.34 mi	Caddington Road, Cricklewood NW2	3	Flat
£2,500	07/24	0.34 mi	Caddington Road, Cricklewood NW2	3	Flat
£2,500	07/24	0.35 mi	Chiltern Gardens, London, NW2	3	Semi-Detached House
£2,383	06/24	0.39 mi	Gresham Gardens, Golders Green NW11	3	Flat
£6,067	07/24	0.39 mi	Armitage Road, Golders Green	3	Flat
£3,012	06/24	0.39 mi	Llanvanor Road, London, NW2 2AP	3	House
£2,600	02/25	0.41 mi	-	3	Flat
£2,500	06/24	0.41 mi	Wessex Gardens, Golders Green NW11	3	Flat
£3,500	06/24	0.44 mi	The Vale, Golders Green, London, NW11	3	Flat
£3,000	11/24	0.44 mi	-	3	Flat
£4,984	06/24	0.44 mi	The Ridgeway, Golders Green, London, NW11	3	Flat
£3,500	06/24	0.44 mi	The Vale, London Nw11 8Sb, NW11	3	Flat
£3,500	07/24	0.44 mi	-	3	Flat
£7,583	06/24	0.45 mi	Finchley Road, Golders Green	3	Flat
£3,500	12/24	0.46 mi	-	3	Flat
£3,500	12/24	0.46 mi	-	3	Flat

Local Area Statistics

Population in NW11	32,57132,571
Population in London	4,771,9214,771,921
Town centre distance	5.09 miles away5.09 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.55 miles away0.55 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-6%-6%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+19%+19%

Property History

Listed for £750,000

March 5, 2025

Floor Plans

Description

Three Double Bedrooms - Two Bathrooms - Private Garden - Private Swimming Pool +
Leasehold - 999 year lease - 1,647 Sq Ft (153 Sq M) - EPC C +
Service Charge £1,200 PA - Ground Rent £250 PA - Off Road Parking Space +
Elegant Renovation - Luxury Bathrooms - Stunning kitchen equipped with top-of-the-line integrated appliances +
Natural Light Abounds - Seamless Indoor-Outdoor Flow - Exceptional Transport Links +

Lexingtons Estate Agents are pleased to introduce this exquisite, recently renovated garden apartment, featuring three spacious double bedrooms, two bathrooms and a unique outbuilding that boasts an indoor swimming pool and a dedicated shower area. This residence exemplifies modern living with its expansive open-plan living space and a stylishly crafted kitchen equipped with top-of-the-line integrated appliances, all enhanced by skylights that flood the area with natural light. The standout feature of this home is the stunning bi-folding doors that open up to a beautifully landscaped garden, seamlessly blending indoor and outdoor spaces. Ideally located to enjoy the vibrant offerings of Golders Green. This property is ideally located for Brent Cross Shopping Centre, Golders Green High Street, and West Hampstead, providing a variety of shopping, fine dining, and excellent public transport options via the Northern Line. With convenient access to major roadways such as the A40, A406, and M1, this location is perfect for commuters and anyone who appreciates easy navigation throughout the city and beyond. *Please note that the furnishings have been added to enhance the appearance of some of the rooms and do not form part of the property.

Misrepresentation Act 1967
The information in this publication should be referred solely as a general guide. Whilst care has been taken in its preparation, no representation is made nor responsibility accepted for the whole or any part. All descriptions, dimensions, reference to condition and other details are believed to be correct but intending purchasers should satisfy themselves by inspection or otherwise as to the correctness of each of them.

Agent Details

Lexingtons, London

020 7123 8459

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

3 Bed House, Refurb/BRRR, London, NW2 1PD

£675,000

1 views • 8 days ago • 82 m²

3 Bed House, Refurb/BRRR, London, NW2 1QT

£750,000

2 days ago • 93 m²

3 Bed House, Refurb/BRRR, London, NW11 8TH

£1,075,000

2 views • a month ago • 93 m²

3 Bed House, Refurb/BRRR, London, NW2 1DX