3 Bed Semi-Detached House, Refurb/BRRR, London, NW2 1PD, £675,000

83 Pennine Drive, London, NW2 1PD - 1 views - 7 days ago

Refurb/BRRR

Planning

ROI: 1%

82 m²

+7 photos

ValuationOvervalued

Sold Prices	£345K - £1.1M
Sold Prices/m²	£4.1K/m² - £13.3K/m²

Square Metres	82 m²
Price/m²	£8.2K/m²
Value Estimate	£547,769£547,769

End Value (After Refurb)	£663,750£663,750

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£168,750£168,750
Stamp Duty & Legal Fees	£56,200£56,200
Refurb Costs	£43,419£43,419
Bridging Loan Interest	£17,719£17,719
Total Cash In	£287,838£287,838

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£663,750£663,750
Mortgage (After Refinance)	£497,813£497,813
Mortgage LTV	75%75%
Cash Left In	£287,838£287,838
Equity	£165,938£165,938
Rent Range	£2,000 - £7,000£2,000 - £7,000
Rent Estimate	£2,998
Running Costs/mo	£2,694£2,694
Cashflow/mo	£304£304
Cashflow/yr	£3,650£3,650
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £345K to £1.1M, average is £660K. £4.1K/m² to £13.3K/m², average is £7.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£645K	05/21	0.04 mi	33, Cleveland Gardens, London, Greater London NW2 1EA	-	-	3	Semi-Detached House
£610K	09/20	0.04 mi	34, Cumbrian Gardens, London, Greater London NW2 1EF	£7,625	80	3	Semi-Detached House
£725K	01/23	0.07 mi	63, Cumbrian Gardens, London, Greater London NW2 1ED	£7,039	103	3	Semi-Detached House
£650K	01/23	0.08 mi	62, Cheviot Gardens, London, Greater London NW2 1QE	-	-	3	Semi-Detached House
£680K	11/20	0.1 mi	16, Cheviot Gardens, London, Greater London NW2 1QH	£7,158	95	3	Semi-Detached House
£680K	06/21	0.11 mi	109, Cheviot Gardens, London, Greater London NW2 1QD	-	-	3	Semi-Detached House
£595K	04/24	0.13 mi	55, Cleveland Gardens, London, Greater London NW2 1DX	£7,256	82	3	Semi-Detached House
£630K	11/20	0.14 mi	109, Cotswold Gardens, London, Greater London NW2 1PE	£7,241	87	3	Semi-Detached House
£625K	11/23	0.14 mi	10, Grampian Gardens, London, Greater London NW2 1JG	-	-	3	Semi-Detached House
£660K	03/23	0.16 mi	132, Cleveland Gardens, London, Greater London NW2 1DU	-	-	3	Semi-Detached House
£660K	04/23	0.17 mi	62, Cotswold Gardens, London, Greater London NW2 1PG	-	-	3	Terraced House
£625K	10/20	0.17 mi	98, Cotswold Gardens, London, Greater London NW2 1PG	£6,443	97	3	Semi-Detached House
£670K	10/22	0.2 mi	133, Cumbrian Gardens, London, Greater London NW2 1EJ	-	-	3	Semi-Detached House
£700K	06/24	0.2 mi	135, Cumbrian Gardens, London, Greater London NW2 1EJ	£7,447	94	3	Semi-Detached House
£670K	09/23	0.23 mi	143, Cotswold Gardens, London, Greater London NW2 1PL	-	-	3	Semi-Detached House
£675K	10/23	0.23 mi	133, Cotswold Gardens, London, Greater London NW2 1PL	-	-	3	Semi-Detached House
£1.1M	03/23	0.24 mi	3, Sanderstead Avenue, London, Greater London NW2 1SE	-	-	3	Semi-Detached House
£725K	04/21	0.25 mi	6, Quantock Gardens, London, Greater London NW2 1PH	£7,039	103	3	Semi-Detached House
£815K	02/22	0.25 mi	48, Greenfield Gardens, London, Greater London NW2 1HX	-	-	3	Detached House
£680K	10/20	0.25 mi	159, Cheviot Gardens, London, Greater London NW2 1PY	£7,816	87	3	Semi-Detached House
£650K	04/21	0.25 mi	3, Pentland Close, London, Greater London NW11 8SP	£6,132	106	3	Semi-Detached House
£1.0M	09/22	0.25 mi	4, Purley Avenue, London, Greater London NW2 1SJ	-	-	3	Semi-Detached House
£608K	08/23	0.27 mi	214, The Vale, London, Greater London NW11 8SR	-	-	3	Semi-Detached House
£685K	10/20	0.28 mi	139, Pennine Drive, London, Greater London NW2 1NG	£6,462	106	3	Semi-Detached House
£625K	11/23	0.29 mi	8, Chiltern Gardens, London, Greater London NW2 1PX	-	-	3	Semi-Detached House
£1.1M	08/22	0.3 mi	50, Greenfield Gardens, London, Greater London NW2 1HX	£7,143	147	3	Detached House
£485K	05/21	0.34 mi	133, Prayle Grove, London, Greater London NW2 1BD	£5,389	90	3	Semi-Detached House
£480K	02/21	0.34 mi	97, Prayle Grove, London, Greater London NW2 1BD	£5,393	89	3	Semi-Detached House
£455K	01/21	0.34 mi	143, Prayle Grove, London, Greater London NW2 1BD	£5,482	83	3	Semi-Detached House
£660K	08/22	0.34 mi	12, Compton Close, London, Greater London NW11 8SX	-	-	3	Terraced House
£530K	09/22	0.35 mi	19, Brent Terrace, London, Greater London NW2 1BX	£6,543	81	3	Terraced House
£500K	06/23	0.35 mi	27, Brent Terrace, London, Greater London NW2 1BX	-	-	3	Terraced House
£345K	06/21	0.35 mi	110, Prayle Grove, London, Greater London NW2 1BE	£4,059	85	3	Semi-Detached House
£580K	07/23	0.36 mi	146, Clitterhouse Road, London, Greater London NW2 1DN	£8,267	70	3	Semi-Detached House
£835K	11/23	0.37 mi	91, Greenfield Gardens, London, Greater London NW2 1HU	£7,455	112	3	Semi-Detached House
£825K	03/21	0.37 mi	71, Greenfield Gardens, London, Greater London NW2 1HU	-	-	3	Semi-Detached House
£900K	06/21	0.37 mi	73, Greenfield Gardens, London, Greater London NW2 1HU	-	-	3	Semi-Detached House
£842K	10/20	0.37 mi	89, Greenfield Gardens, London, Greater London NW2 1HU	£8,019	105	3	Semi-Detached House
£465K	08/23	0.37 mi	20, Prayle Grove, London, Greater London NW2 1AY	-	-	3	Semi-Detached House
£575K	09/23	0.39 mi	105, Claremont Road, London, Greater London NW2 1AH	-	-	3	Terraced House
£797K	06/21	0.41 mi	34, Garth Road, London, Greater London NW2 2NJ	£13,283	60	3	Semi-Detached House
£660K	10/20	0.41 mi	63, Hamilton Road, London, Greater London NW11 9EH	£7,674	86	3	Terraced House
£667.5K	05/24	0.42 mi	65, Hamilton Road, London, Greater London NW11 9EH	-	-	3	Terraced House
£714K	06/21	0.42 mi	5, Hamilton Road, London, Greater London NW11 9EH	-	-	3	Semi-Detached House
£862K	09/23	0.44 mi	44, Sandringham Road, London, Greater London NW11 9DP	£8,288	104	3	Terraced House
£590K	05/24	0.45 mi	8, Cloister Road, London, Greater London NW2 2NP	£7,973	74	3	Terraced House
£500K	08/21	0.45 mi	40, Cloister Road, London, Greater London NW2 2NP	£6,667	75	3	Terraced House
£526.8K	09/20	0.47 mi	57, Cricklewood Lane, London, Greater London NW2 1HR	£4,703	112	3	Terraced House
£910K	03/21	0.47 mi	41, Nant Road, London, Greater London NW2 2AL	£8,228	111	3	Terraced House
£930K	06/21	0.48 mi	52, Montpelier Rise, London, Greater London NW11 9DX	£5,886	158	3	Semi-Detached House

Local Rents

50 rents from £2K/mo to £7K/mo, average is £2.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,550	01/25	0.05 mi	-	3	Flat
£2,300	12/24	0.05 mi	-	3	Flat
£2,200	01/25	0.08 mi	-	3	Flat
£2,000	06/24	0.11 mi	Cheviot Gardens, Cricklewood, NW2	3	Detached House
£3,200	02/25	0.12 mi	-	3	Semi-Detached House
£2,000	06/24	0.14 mi	Cheviot Gate, London, NW2	3	Detached House
£2,200	06/24	0.15 mi	Pennine Drive, London, NW2	3	Flat
£2,650	06/24	0.17 mi	Cheviot Gardens, London, NW2	3	Semi-Detached House
£2,650	07/24	0.17 mi	Cheviot Gardens, London, NW2	3	Semi-Detached House
£2,650	07/24	0.17 mi	-	3	Semi-Detached House
£2,648	08/24	0.17 mi	Cheviot Gardens, Golders Green Estate	3	House
£2,700	07/24	0.17 mi	Cumbrian Gardens, London, NW2	3	Flat
£2,700	08/24	0.17 mi	-	3	Flat
£6,500	12/24	0.18 mi	-	3	Flat
£6,000	02/24	0.19 mi	-	3	Flat
£7,000	02/24	0.19 mi	-	3	Detached House
£6,000	03/25	0.19 mi	-	3	Detached House
£2,297	06/24	0.2 mi	Hendon Way, London, NW2	3	Flat
£2,750	12/24	0.24 mi	-	3	Flat
£2,817	07/24	0.26 mi	Greenfield Gardens, Cricklewood, London, NW2 1HX	3	House
£2,300	06/24	0.26 mi	The Vale, Golders Green	3	Flat
£3,300	02/25	0.27 mi	-	3	Flat
£2,500	07/24	0.3 mi	Chiltern Gardens, London, NW2	3	Semi-Detached House
£3,050	07/24	0.3 mi	Hamlet Square, London, NW2	3	Semi-Detached House
£2,900	07/24	0.3 mi	Claremont Road, Cricklewood, NW2	3	Semi-Detached House
£2,800	06/24	0.34 mi	Sunflower Court, London	3	Flat
£2,500	06/24	0.35 mi	Wessex Gardens, Golders Green NW11	3	Flat
£2,650	03/25	0.35 mi	-	3	Flat
£2,250	06/24	0.35 mi	Brent Terrace, London, Greater London, NW2 1BX	3	Terraced House
£4,200	02/25	0.37 mi	-	3	Flat
£2,350	02/24	0.37 mi	-	3	Terraced House
£2,249	06/24	0.37 mi	Brent Terrace, Brent Cross West	3	Terraced House
£2,750	06/24	0.38 mi	-	3	Semi-Detached House
£2,200	01/25	0.39 mi	-	3	Flat
£2,000	03/25	0.39 mi	-	3	Flat
£2,450	03/25	0.39 mi	-	3	Flat
£2,900	01/25	0.4 mi	-	3	Terraced House
£3,000	06/24	0.4 mi	-	3	Terraced House
£2,383	06/24	0.42 mi	Gresham Gardens, Golders Green NW11	3	Flat
£2,750	06/24	0.42 mi	Cloister Road, London, Greater London, NW2 2NP	3	Detached House
£2,750	06/24	0.42 mi	Cloister Road, London, NW2	3	Terraced House
£2,167	06/24	0.43 mi	Caddington Road, Cricklewood NW2	3	Flat
£2,500	07/24	0.43 mi	Caddington Road, Cricklewood NW2	3	Flat
£2,895	06/24	0.43 mi	Sandringham Road, Golders Green, NW11	3	Terraced House
£2,383	07/24	0.43 mi	Nant Court, Granville Road, London, NW2 2LB	3	Flat
£2,383	08/24	0.43 mi	Nant Court, Granville Road, London, NW2 2LB	3	Flat
£6,067	07/24	0.44 mi	Armitage Road, Golders Green	3	Flat
£2,000	09/24	0.44 mi	Granville Road, Childs Hill, NW2	3	Flat
£4,984	06/24	0.45 mi	The Ridgeway, Golders Green, London, NW11	3	Flat
£2,500	08/24	0.48 mi	Clitterhouse Crescent, Brent Cross, London, NW2	3	Terraced House

Local Area Statistics

Population in NW2	67,39367,393
Population in London	4,771,9214,771,921
Town centre distance	5.27 miles away5.27 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.58 miles away0.58 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 £675,000

March 14, 2025

Description

"READY TO GO" UNMODERNISED 3 BEDROOM HOUSE 83SQM / 893SQF +
STRIPPED OUT FOR THE NEW BUYER READY TO REFURBISHED TO OWN TASTE +
3 BEDROOMS (2 DOUBLES + 1 LARGE SINGLE) +
THROUGH LOUNGE +
KITCHEN +
BATHROOM/WC +
GARDEN +
OFF STREET PARKING FOR 2 CARS & GARAGE WITH SHARED DRIVE +
IDEAL FOR SOMEONE LOOKING FOR A PROJECT +
EPC BAND D. COUNCIL TAX BAND E +

PENNINE DRIVE, LONDON, NW2 1PD

REFURBISHMENT PROJECT - STRIPPED OUT AND READY TO GO

An amazing opportunity to design this semi detached house in need of modernising throughout BUT stripped out by the vendor so the hard work has been done!

There is potential to extend at the rear and build a loft conversion containing a 4th bedroom and 2nd bathroom subject to planning permission
.
The property presently comprises 3 bedrooms, partially fitted bathroom, through lounge, rear garden, garage, double glazed and off street parking for 2 cars.

The property is located opposite the Pennine Drive local shops with Cricklewood Station (Thamelink), Golders Green (Northern Line), Clitterhouse Playing Fields and Brent Cross Shopping Centre all nearby with bus routes running outside to all areas.

PRICE OFFERS IN THE REGION OF £675,000 FREEHOLD

Council tax band: E

EPC Band D

KEYS WITH AGENTS

Agent Details

Dreamview Estates, Golders Green

020 3910 6472

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 1QT

£750,000

18 hours ago • 93 m²

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

£675,000

4 views • 24 days ago • 93 m²

3 Bed Flat, Refurb/BRRR, London, NW11 8SL

£750,000

4 views • 16 days ago • 83 m²

4 Bed House, Refurb/BRRR, London, NW2 1JJ

£725,000

4 days ago • 129 m²