2 Bed Flat, Single Let, London, NW9 7AG, £498,000

Shearwater Drive, London, NW9 7AG - a month ago

Leasehold

BTL

ROI: 1%

~68 m²

ValuationOvervalued

Sold Prices	£147.9K - £455K
Sold Prices/m²	£4.6K/m² - £8.3K/m²

Square Metres	~68.11 m²
Price/m²	£7.3K/m²
Value Estimate	£422,540£422,540

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£124,500£124,500
Stamp Duty & Legal Fees	£38,500£38,500
Total Cash In	£163,000£163,000

Cash Out
Rent Range	£1,907 - £3,467£1,907 - £3,467
Rent Estimate	£2,100
Running Costs/mo	£1,996£1,996
Cashflow/mo	£104£104
Cashflow/yr	£1,245£1,245
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

34 sold prices from £147.9K to £455K, average is £345K. £4.6K/m² to £8.3K/m², average is £6.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£218K	12/20	0.16 mi	First Floor Flat, 196a, West Hendon Broadway, London, Greater London NW9 7EE	-	-	2	Flat
£345K	06/21	0.28 mi	13a, Dallas Road, London, Greater London NW4 3JB	-	-	2	Flat
£370K	09/23	0.28 mi	53a, Dallas Road, London, Greater London NW4 3JB	-	-	2	Flat
£372.5K	01/24	0.32 mi	45a, Algernon Road, London, Greater London NW4 3SY	£7,304	51	2	Flat
£360K	01/21	0.44 mi	35, Malcolm Crescent, London, Greater London NW4 4PL	£5,625	64	2	Flat
£347K	12/22	0.44 mi	26, Malcolm Crescent, London, Greater London NW4 4PL	£5,783	60	2	Flat
£455K	06/21	0.51 mi	7, Fryent Grove, London, Greater London NW9 7HE	£6,594	69	2	Flat
£400K	04/21	0.66 mi	159b, Park Road, London, Greater London NW4 3TH	-	-	2	Flat
£416K	12/22	0.69 mi	140, Park Road, London, Greater London NW4 3TL	-	-	2	Flat
£325K	01/21	0.71 mi	47, Edgeworth Close, London, Greater London NW4 4HN	£5,702	57	2	Flat
£147.9K	11/21	0.71 mi	Flat 18, Rushgrove Court, Rushgrove Avenue, London, Greater London NW9 6RH	-	-	2	Flat
£260K	09/23	0.72 mi	Flat 11, Kennyland Court, Hendon Way, London, Greater London NW4 3LU	-	-	2	Flat
£297K	11/20	0.74 mi	60, Edgeworth Close, London, Greater London NW4 4HN	£4,641	64	2	Flat
£330K	12/22	0.75 mi	Flat 30, Park Mansions, Vivian Avenue, London, Greater London NW4 3UU	-	-	2	Flat
£345K	08/23	0.75 mi	224a, Hendon Way, London, Greater London NW4 3NE	-	-	2	Flat
£385K	11/22	0.76 mi	31a, Doreen Avenue, London, Greater London NW9 7NX	£8,341	46	2	Flat
£340K	12/22	0.77 mi	Flat 54, Parade Mansions, Watford Way, London, Greater London NW4 3JJ	-	-	2	Flat
£335K	11/20	0.84 mi	Ground Floor Flat, 61, Burgess Avenue, London, Greater London NW9 8TX	-	-	2	Flat
£378.5K	03/23	0.84 mi	96, Coles Green Road, London, Greater London NW2 7ES	£7,885	48	2	Flat
£325K	09/21	0.9 mi	140a, Tanfield Avenue, London, Greater London NW2 7RR	£6,250	52	2	Flat
£207.6K	10/21	0.9 mi	Flat 15a, Lyne Court, Meadowbank Road, London, Greater London NW9 8LQ	-	-	2	Flat
£350K	03/21	0.9 mi	Flat 17, Lyne Court, Meadowbank Road, London, Greater London NW9 8LQ	-	-	2	Flat
£360K	06/23	0.92 mi	2a, Leith Close, London, Greater London NW9 8DE	-	-	2	Flat
£345K	08/23	0.92 mi	6a, Leith Close, London, Greater London NW9 8DE	£5,656	61	2	Flat
£400K	06/21	0.93 mi	30, Wells Drive, London, Greater London NW9 8DG	£5,195	77	2	Flat
£435K	12/22	0.93 mi	79a, Vincent Gardens, London, Greater London NW2 7RH	-	-	2	Flat
£335K	06/21	0.94 mi	9a, Selborne Gardens, London, Greater London NW4 4SH	£6,204	54	2	Flat
£295K	06/21	0.96 mi	130, Braemar Avenue, London, Greater London NW10 0DP	£6,860	43	2	Flat
£305K	04/23	0.98 mi	16, Harp Island Close, London, Greater London NW10 0DF	-	-	2	Flat
£370K	06/23	0.98 mi	32 Code Court, Flowers Close, London, Greater London NW2 7FG	-	-	2	Flat
£320K	03/21	0.99 mi	Flat 5, Campbell Court, Church Lane, London, Greater London NW9 8AA	-	-	2	Flat
£291K	12/20	0.99 mi	Flat 1, Campbell Court, Church Lane, London, Greater London NW9 8AA	-	-	2	Flat
£315K	01/21	0.99 mi	91, Aboyne Road, London, Greater London NW10 0EY	-	-	2	Flat
£400K	03/23	0.99 mi	72a, Randall Avenue, London, Greater London NW2 7ST	-	-	2	Flat

Local Rents

49 rents from £1.9K/mo to £3.5K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,075	07/24	0.01 mi	Rosefinch Apartments, London NW9	2	Flat
£2,250	03/25	0.01 mi	-	2	Flat
£2,100	06/24	0.01 mi	Shearwater Drive, LONDON	2	Flat
£2,100	07/24	0.02 mi	Shearwater Drive, London	2	Flat
£2,197	07/24	0.02 mi	Nuthatch Apartments, 16 Shearwater Drive, London	2	Flat
£2,300	08/24	0.02 mi	Nuthatch Apartments, Shearwater Drive, NW9	2	Flat
£2,395	06/24	0.03 mi	Shearwater Drive, London, NW9	2	Flat
£2,250	06/24	0.03 mi	Hendon Riverside, West Hendon, NW9	2	Flat
£2,297	06/24	0.03 mi	Rosefinch Apartments, Hendon Waterside, Hendon NW9	2	Flat
£2,100	07/24	0.03 mi	Shearwater Drive, London, NW9	2	Flat
£2,150	07/24	0.03 mi	Shearwater Drive, London, NW9	2	Flat
£2,100	07/24	0.03 mi	Shearwater Drive, London, NW9	2	Flat
£2,300	06/24	0.03 mi	-	2	Flat
£2,300	06/24	0.03 mi	-	2	Flat
£2,300	06/24	0.03 mi	Rosefinch Apartments, London, NW9	2	Flat
£2,000	06/24	0.03 mi	Shearwater Drive, Hendon, London, NW9	2	Flat
£2,100	06/24	0.04 mi	Shearwater Drive, London	2	Flat
£2,500	12/23	0.04 mi	Rosefinch Apartments, 7 Shearwater Drive, London, NW9 7FX	2	Flat
£2,000	07/24	0.04 mi	Meadowlark House, Moorhen Drive, West Hendon, NW4	2	Flat
£2,075	06/24	0.04 mi	Shearwater Drive, West Hendon, London	2	Flat
£2,650	12/24	0.04 mi	-	2	Flat
£1,907	04/25	0.05 mi	-	2	Flat
£2,150	11/24	0.05 mi	-	2	Flat
£2,200	10/24	0.05 mi	-	2	Flat
£2,500	07/24	0.06 mi	Shearwater Drive, London, NW9	2	Flat
£2,400	08/24	0.06 mi	Shearwater Drive, London, NW9	2	Flat
£2,400	01/25	0.06 mi	-	2	Flat
£2,200	08/24	0.08 mi	Hendon Waterside, Hendon, London, NW9	2	Flat
£3,467	06/24	0.08 mi	Hendon Waterside, Hendon, London, NW9	2	Flat
£2,400	07/24	0.08 mi	Moorhen Drive, Hendon, London, NW9	2	Flat
£2,300	07/24	0.08 mi	Moorhen Drive, Hendon, London, NW9	2	Flat
£2,400	08/24	0.08 mi	Moorhen Drive, Hendon, London, NW9	2	Flat
£2,200	02/25	0.09 mi	-	2	Flat
£2,200	06/24	0.09 mi	-	2	Flat
£2,100	06/24	0.09 mi	-	2	Flat
£2,300	02/25	0.09 mi	-	2	Flat
£2,400	04/25	0.09 mi	-	2	Flat
£2,200	06/24	0.09 mi	-	2	Flat
£2,200	06/24	0.09 mi	-	2	Flat
£2,200	06/24	0.09 mi	-	2	Flat
£2,100	07/24	0.09 mi	-	2	Flat
£2,300	09/24	0.09 mi	-	2	Flat
£2,300	10/24	0.09 mi	-	2	Flat
£2,100	04/25	0.09 mi	-	2	Flat
£2,100	06/24	0.09 mi	Hawfinch House, 1 Moorhen Drive, Hendon, Waterside, NW9	2	Flat
£2,275	07/24	0.09 mi	Hawfinch House, Hendon, London, NW9	2	Flat
£2,300	04/25	0.09 mi	-	2	Flat
£2,400	03/25	0.09 mi	-	2	Flat
£2,350	03/25	0.09 mi	-	2	Flat

Local Area Statistics

Population in NW9	59,32059,320
Population in London	4,771,9214,771,921
Town centre distance	6.70 miles away6.70 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.30 miles away0.30 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+26%+26%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+11%+11%

Property History

Listed for £498,000

March 17, 2025

Floor Plans

Description

* One, two and three-bedroom new homes
* 10 minute walk to Hendon Station
* Regeneration scheme in West Hendon nearby
* Car parking available
* 23 minutes to St Pancras International
* 29 minutes to Blackfriars
* Reach Hampstead in 9 minutes
* Wembley is 25 minutes away

This apartment is offering a very high specification of construction along with being extremely competitively priced, you will not find another opportunity in such an amazing location again.

This property has to be seen to be truly appreciated for its located and amazing value for money with expected rental yields in this area expected to achieve average 6% per year returns.

This property is located close to the Welsh Harp Reservoir, thirty acres of land are being developed to include homes, parks and amenities set within mesmerising surroundings. Home to 22 bird species, with over 200 bat and bird boxes installed across the site to increase bio-diversity and offer residents a home perfectly blended in with nature while enjoying prime city location too.

Living in this area will enable residents to be able to take advantage of amenities on its doorstep.

Agent Details

Buy To Let Property Shop, Covering Nationwide

020 3856 3125

Next Steps?

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

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