2 Bed Flat, Single Let, London, NW8 8HB, £370,000

Flat 58 Kennet House, Church Street Estate, London, NW8 8HB - 3 views - a month ago

Leasehold

Auction

BTL

ROI: 7%

~68 m²

+5 photos

ValuationUndervalued

Sold Prices	£250K - £12.5M
Sold Prices/m²	£7.9K/m² - £16.8K/m²

Square Metres	~68.11 m²
Price/m²	£5.4K/m²
Value Estimate	£444,000£444,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£92,500£92,500
Stamp Duty & Legal Fees	£25,700£25,700
Total Cash In	£118,200£118,200

Cash Out
Rent Range	£2,149 - £7,796£2,149 - £7,796
Rent Estimate	£2,300
Running Costs/mo	£1,636£1,636
Cashflow/mo	£664£664
Cashflow/yr	£7,965£7,965
ROI	7%7%
Gross Yield	7%7%

Local Sold Prices

51 sold prices from £250K to £12.5M, average is £780K. £7.9K/m² to £16.8K/m², average is £11.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£550K	09/23	0.15 mi	11c, Penfold Street, London, Greater London NW1 6RU	-	-	2	Flat
£475K	01/21	0.15 mi	Flat 12, Cotes House, Ashbridge Street, London, Greater London NW8 8DG	-	-	2	Flat
£250K	03/23	0.15 mi	Flat 10, Cotes House, Ashbridge Street, London, Greater London NW8 8DG	-	-	2	Flat
£360K	08/23	0.16 mi	3d, Gateforth Street, London, Greater London NW8 8EH	-	-	2	Flat
£398K	10/20	0.2 mi	63a, Lisson Street, London, Greater London NW1 5DA	£11,031	36	2	Flat
£660K	12/20	0.24 mi	Flat 6, Cosway Mansions, Shroton Street, London, Greater London NW1 6UE	-	-	2	Flat
£1.0M	08/21	0.27 mi	Flat 73, Clifton Court, Northwick Terrace, London, Greater London NW8 8HX	-	-	2	Flat
£980K	09/21	0.27 mi	Flat 74, Clifton Court, Northwick Terrace, London, Greater London NW8 8HX	-	-	2	Flat
£475K	08/23	0.29 mi	Flat 20, Helsby Court, Pollitt Drive, London, Greater London NW8 8JQ	-	-	2	Flat
£1.2M	06/21	0.31 mi	Flat 29, Clifton Court, Northwick Terrace, London, Greater London NW8 8HT	-	-	2	Flat
£868K	03/21	0.33 mi	Flat 17, Clifton Court, Northwick Terrace, London, Greater London NW8 8HS	-	-	2	Flat
£1.7M	06/23	0.34 mi	Penthouse G, St. Johns Wood Court, St Johns Wood Road, London, Greater London NW8 8QT	-	-	2	Flat
£835K	01/24	0.34 mi	Flat 23, St Johns Wood Court, St Johns Wood Road, London, Greater London NW8 8QT	-	-	2	Flat
£550K	09/23	0.34 mi	Flat 16, Farnham House, Harewood Avenue, London, Greater London NW1 6NT	-	-	2	Flat
£680K	08/21	0.34 mi	Flat 25, Wimborne House, Harewood Avenue, London, Greater London NW1 6NU	-	-	2	Flat
£467.5K	10/23	0.34 mi	Flat 22, Wimborne House, Harewood Avenue, London, Greater London NW1 6NU	-	-	2	Flat
£720K	04/23	0.34 mi	Flat 20, Mordern House, Harewood Avenue, London, Greater London NW1 6NR	-	-	2	Flat
£905K	09/21	0.37 mi	25a, Harcourt Street, London, Greater London W1H 4HN	£14,141	64	2	Flat
£1.5M	07/21	0.38 mi	Upper Maisonette, 8, Clarendon Gardens, London, Greater London W9 1AY	-	-	2	Flat
£725K	06/21	0.38 mi	Flat 4a, Grove End House, Grove End Road, London, Greater London NW8 9HP	-	-	2	Flat
£600K	03/23	0.38 mi	Flat 7b, Grove End House, Grove End Road, London, Greater London NW8 9HL	-	-	2	Flat
£990K	09/22	0.39 mi	First And Second Floor Flat, 2, Harcourt Street, London, Greater London W1H 4EX	-	-	2	Flat
£775K	08/23	0.4 mi	Flat 16, Crawford Mansions, Crawford Street, London, Greater London W1H 4JU	-	-	2	Flat
£810K	09/23	0.4 mi	Flat 13, Crawford Mansions, Crawford Street, London, Greater London W1H 4JU	-	-	2	Flat
£790K	01/23	0.42 mi	Flat 106, Lords View, St Johns Wood Road, London, Greater London NW8 7HG	-	-	2	Flat
£800K	10/23	0.42 mi	Flat 98, Lords View, St Johns Wood Road, London, Greater London NW8 7HG	-	-	2	Flat
£507.5K	03/21	0.42 mi	First Floor Flat, 59, Balcombe Street, London, Greater London NW1 6HD	£15,379	33	2	Flat
£575K	06/21	0.42 mi	Flat 157, Park West, Edgware Road, London, Greater London W2 2QP	-	-	2	Flat
£780K	01/21	0.44 mi	4a, Norfolk Place, London, Greater London W2 1QN	£10,986	71	2	Flat
£625K	03/21	0.45 mi	50b, Randolph Avenue, London, Greater London W9 1BE	-	-	2	Flat
£675K	10/23	0.45 mi	3, Linhope Street, London, Greater London NW1 6ES	£7,941	85	2	Flat
£950K	02/21	0.45 mi	Flat 118, Rossmore Court, Park Road, London, Greater London NW1 6XZ	£11,310	84	2	Flat
£638K	03/23	0.45 mi	Flat 115, Rossmore Court, Park Road, London, Greater London NW1 6XZ	-	-	2	Flat
£1.7M	03/23	0.46 mi	47e, Randolph Avenue, London, Greater London W9 1BQ	-	-	2	Flat
£825K	10/21	0.46 mi	61, The Quadrangle, London, Greater London W2 2RR	£8,777	94	2	Flat
£1.1M	06/21	0.48 mi	Flat 77, Clarewood Court, Crawford Street, London, Greater London W1H 2NW	-	-	2	Flat
£780K	02/23	0.48 mi	Flat 40, Clarewood Court, Seymour Place, London, Greater London W1H 2NL	-	-	2	Flat
£1.1M	08/21	0.48 mi	Flat 66, Abbey Lodge, Park Road, London, Greater London NW8 7RL	-	-	2	Flat
£12.5M	12/20	0.49 mi	61, Hamilton Terrace, London, Greater London NW8 9RG	-	-	2	Flat
£975K	06/21	0.49 mi	Flat 12, Sherwood Court, Seymour Place, London, Greater London W1H 5TH	-	-	2	Flat
£970K	06/23	0.49 mi	Flat 7, Sherwood Court, Seymour Place, London, Greater London W1H 5TH	-	-	2	Flat
£900K	03/21	0.49 mi	48a, Hamilton Terrace, London, Greater London NW8 9UJ	-	-	2	Flat
£2.9M	08/21	0.5 mi	First Floor Flat, 35, Blomfield Road, London, Greater London W9 2PF	£16,765	170	2	Flat
£500K	02/21	0.5 mi	Flat 2, Florence Court, Maida Vale, London, Greater London W9 1TB	-	-	2	Flat
£1.5M	06/24	0.5 mi	21b, Randolph Crescent, London, Greater London W9 1DP	£15,361	97	2	Flat
£520K	02/21	0.5 mi	Flat 14, Princess Court, Bryanston Place, London, Greater London W1H 2DF	-	-	2	Flat
£750K	11/22	0.52 mi	Flat 1, Harrowby Court, Harrowby Street, London, Greater London W1H 5FA	-	-	2	Flat
£1.4M	09/23	0.53 mi	Flat B, 30, Upper Montagu Street, London, Greater London W1H 1RP	-	-	2	Flat
£1.4M	09/23	0.53 mi	Flat B, 30, Upper Montagu Street, London, Greater London W1H 1RP	-	-	2	Flat
£650K	01/21	0.53 mi	30, Radnor Mews, London, Greater London W2 2SA	-	-	2	Flat
£685K	01/21	0.54 mi	Flat 189, Clarence Gate Gardens, Glentworth Street, London, Greater London NW1 6AR	-	-	2	Flat

Local Rents

50 rents from £2.1K/mo to £7.8K/mo, average is £6.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,396	11/24	0 mi	-	2	Flat
£7,423	10/24	0.09 mi	Edgware Road, London, W2	2	Flat
£6,422	10/24	0.09 mi	Garrett Mansions, London	2	Flat
£6,535	10/24	0.09 mi	Garrett Mansions, London	2	Flat
£7,263	10/24	0.09 mi	Garrett Mansions, London	2	Flat
£6,422	10/24	0.09 mi	Garrett Mansion, Marylebone, W2	2	Flat
£3,298	12/23	0.09 mi	Old Aeroworks	2	Flat
£6,422	10/24	0.09 mi	Garrett Mansions, Paddington, W2	2	Flat
£3,700	06/24	0.09 mi	Fisherton Street, London, NW8	2	Flat
£3,700	06/24	0.09 mi	-	2	Flat
£2,149	06/24	0.09 mi	Penfold Street, St. John's Wood	2	Flat
£6,422	10/24	0.1 mi	Garrett Mansions W2	2	Flat
£6,773	10/24	0.1 mi	Garrett Mansions W2	2	Flat
£6,535	10/24	0.1 mi	Garrett Mansions W2	2	Flat
£4,164	07/24	0.1 mi	Carrick Yard, Luton st. London, NW8	2	Flat
£7,263	10/24	0.1 mi	Garrett Mansions, 287 Edgware Road, London, W2	2	Flat
£6,075	10/24	0.1 mi	Garrett Mansions, 287 Edgware Road, W2	2	Flat
£6,422	10/24	0.1 mi	Garrett Mansions, 287 Edgware Road	2	Flat
£6,535	10/24	0.1 mi	Edgware Road, Hyde Park	2	Flat
£6,422	10/24	0.1 mi	Edgware Road, London	2	Flat
£7,263	10/24	0.1 mi	Edgware Road, London	2	Flat
£6,422	10/24	0.1 mi	Garrett Mansions, EDGWARE ROAD, London, W2	2	Flat
£2,500	10/24	0.1 mi	-	2	Flat
£7,263	10/24	0.1 mi	Edgware Road, Paddington, W2	2	Flat
£6,422	10/24	0.1 mi	Edgware Road, London	2	Flat
£6,535	10/24	0.1 mi	Edgware Road, London	2	Flat
£6,773	10/24	0.1 mi	Edgware Road, London	2	Flat
£7,263	10/24	0.1 mi	Edgware Road, London	2	Flat
£5,200	10/24	0.1 mi	-	2	Flat
£7,796	12/24	0.1 mi	-	2	Flat
£6,422	12/24	0.1 mi	-	2	Flat
£6,448	12/24	0.1 mi	-	2	Flat
£7,111	12/24	0.1 mi	-	2	Flat
£7,627	12/24	0.1 mi	-	2	Flat
£4,000	06/24	0.1 mi	Carrick Yard, Fisherton Street, London, NW8	2	Flat
£6,773	10/24	0.1 mi	Garrett Mansions, Edgware Road, London, W2	2	Flat
£6,422	10/24	0.1 mi	Garrett Mansions, Edgware Road, London, W2	2	Flat
£2,180	07/24	0.1 mi	-	2	Flat
£2,180	08/24	0.1 mi	-	2	Flat
£2,300	08/24	0.1 mi	Salisbury Street, London, NW8	2	Flat
£2,180	08/24	0.1 mi	Salisbury Street, London, NW8	2	Flat
£6,422	10/24	0.1 mi	Garrett Mansions, West End Street, London	2	Flat
£6,448	10/24	0.1 mi	-	2	Flat
£4,175	07/24	0.1 mi	fisherton Street, Carrick Yard, NW8	2	Flat
£4,100	10/24	0.1 mi	-	2	Flat
£4,100	08/24	0.1 mi	Fisherton Street, London, NW8	2	Flat
£4,798	11/24	0.1 mi	-	2	Flat
£6,535	10/24	0.11 mi	Garrett Mansions, Edgware Road, London, W2	2	Flat
£6,773	10/24	0.11 mi	Garrett Mansions, Edgware	2	Flat
£6,422	10/24	0.11 mi	Edgware Road, London, W2	2	Flat

Local Area Statistics

Population in NW8	33,80233,802
Population in London	4,771,9214,771,921
Town centre distance	2.86 miles away2.86 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.21 miles away0.21 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	-22%-22%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-13%-13%

Property History

Listed for £370,000

March 13, 2025

Description

Leasehold for a term of 215 years, from 5 September 1985 at a peppercorn rent +

For sale by public auction on 3rd April at 12:00

Location & Description
The property is located at the junction of Penfold Street and Church Street, which is 50m from the junction with the Edgware Road (A5), in a mixed residential and commercial area. Regents Park is 500m to the north east and Edgware Road Tube Station (Bakerloo Line), is 100m to the south east.

The property comprises a two bedroom flat on the 15th floor of a purpose built tower block.

Accommodation
Whilst Strettons have not inspected the property we understand it to comprise:

Fifteenth Floor: Two bedrooms, living room, hall, kitchen, bathroom, toilet, and balcony

Total: 635 Sq Ft (59 Sq M)

Tenure
Leasehold for a term of 215 years, from 5 September 1985 at a peppercorn rent

Tenancy Details
Let on a 6 month Assured Shorthold Tenancy (AST) from 01/12/2024 producing £27,600 per annum. (£2,300pcm)

Note
1. Photos have been provided by vendor.

Auction Surveyor: Rob Hills
Contact: Robert.

PRODUCING £27,600 PER ANNUM

EPC Rating
D

Viewing Times

Agent Details

Strettons, Strettons Auctions

020 3840 3721

Next Steps?

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