3 Bed Detached House, Refurb/BRRR, London, NW7 2SA, £670,000

22 The Broadway, Mill Hill, London, NW7 3NJ - 17 days ago

Refurb/BRRR

~93 m²

+15 photos

ValuationOvervalued

Sold Prices	£163K - £1.4M
Sold Prices/m²	£1.6K/m² - £7.8K/m²

Square Metres	~93 m²
Price/m²	£7.2K/m²
Value Estimate	£494,465£494,465

End Value (After Refurb)	£660,000£660,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£167,500£167,500
Stamp Duty & Legal Fees	£58,200£58,200
Refurb Costs	£49,200£49,200
Bridging Loan Interest	£17,588£17,588
Total Cash In	£294,238£294,238

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£660,000£660,000
Mortgage (After Refinance)	£495,000£495,000
Mortgage LTV	75%75%
Cash Left In	£294,238£294,238
Equity	£165,000£165,000
Rent Range	£1,700 - £3,750£1,700 - £3,750
Rent Estimate	£2,430
Running Costs/mo	£2,569£2,569
Cashflow/mo	£-138£-138
Cashflow/yr	£-1,662£-1,662
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £163K to £1.4M, average is £623.5K. £1.6K/m² to £7.8K/m², average is £5.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£527.5K	12/22	0.03 mi	83, Longfield Avenue, London, Greater London NW7 2SA	£7,536	70	3	Terraced House
£550K	01/23	0.05 mi	15, Burnham Close, London, Greater London NW7 2SE	-	-	3	Semi-Detached House
£530K	02/21	0.08 mi	90, Rowlands Close, London, Greater London NW7 2DW	£7,794	68	3	Semi-Detached House
£735K	04/21	0.08 mi	51, Longfield Avenue, London, Greater London NW7 2EH	£5,742	128	3	Semi-Detached House
£575K	12/20	0.11 mi	32, Longfield Avenue, London, Greater London NW7 2EG	£7,646	75	3	Semi-Detached House
£620K	11/20	0.11 mi	44, Longfield Avenue, London, Greater London NW7 2EG	£5,688	109	3	Semi-Detached House
£615K	09/23	0.12 mi	11, Tithe Walk, London, Greater London NW7 2PY	£5,262	117	3	Semi-Detached House
£712K	05/23	0.13 mi	26, Colenso Drive, London, Greater London NW7 2EB	-	-	3	Terraced House
£653.5K	03/21	0.13 mi	16, Tithe Walk, London, Greater London NW7 2QA	£6,407	102	3	Semi-Detached House
£770K	01/21	0.13 mi	26, Bunns Lane, London, Greater London NW7 2DU	£5,032	153	3	Semi-Detached House
£664K	03/21	0.13 mi	47, Colenso Drive, London, Greater London NW7 2EA	£6,109	109	3	Terraced House
£740K	06/22	0.13 mi	41, Colenso Drive, London, Greater London NW7 2EA	£6,981	106	3	Terraced House
£660K	06/21	0.14 mi	45, Colenso Drive, London, Greater London NW7 2EA	£6,471	102	3	Semi-Detached House
£625K	08/23	0.15 mi	61, Bunns Lane, London, Greater London NW7 2DX	-	-	3	Semi-Detached House
£720K	05/22	0.15 mi	28, Colenso Drive, London, Greater London NW7 2EB	£6,729	107	3	Terraced House
£660K	06/21	0.15 mi	14, Colenso Drive, London, Greater London NW7 2EZ	-	-	3	Semi-Detached House
£675K	03/22	0.17 mi	21, Colenso Drive, London, Greater London NW7 2EY	£6,553	103	3	Terraced House
£640K	03/22	0.17 mi	22, Bunns Lane, London, Greater London NW7 2NE	£6,214	103	3	Terraced House
£690K	10/20	0.17 mi	18, Bampton Drive, London, Greater London NW7 2AY	£5,149	134	3	Terraced House
£715K	03/24	0.17 mi	26, Bampton Drive, London, Greater London NW7 2AY	£5,861	122	3	Semi-Detached House
£650K	10/20	0.18 mi	9, Tithe Close, London, Greater London NW7 2QD	£7,143	91	3	Semi-Detached House
£585K	06/21	0.18 mi	19, Tithe Close, London, Greater London NW7 2QD	-	-	3	Semi-Detached House
£625K	04/21	0.21 mi	9, Sebergham Grove, London, Greater London NW7 2AU	-	-	3	Terraced House
£702K	07/23	0.21 mi	8, Sebergham Grove, London, Greater London NW7 2AU	£6,382	110	3	Terraced House
£490K	11/23	0.24 mi	64, Corner Mead, London, Greater London NW9 5RD	£6,364	77	3	Terraced House
£950K	11/22	0.25 mi	5, Copthall Drive, London, Greater London NW7 2ND	-	-	3	Semi-Detached House
£400K	06/21	0.28 mi	3, Grahame Park Way, London, Greater London NW7 2LA	£4,819	83	3	Terraced House
£1.4M	01/23	0.28 mi	Valmara, 15, Tudor Close, London, Greater London NW7 2BG	-	-	3	Detached House
£455K	11/21	0.32 mi	1, University Close, London, Greater London NW7 2LD	-	-	3	Terraced House
£650K	09/22	0.34 mi	71, Hall Lane, London, Greater London NW4 4TJ	£5,963	109	3	Semi-Detached House
£537K	11/22	0.42 mi	47, Wardell Close, London, Greater London NW7 2LG	£5,317	101	3	Semi-Detached House
£500K	09/22	0.42 mi	40, Wardell Close, London, Greater London NW7 2LG	£6,849	73	3	Semi-Detached House
£465K	06/21	0.42 mi	1, Wardell Close, London, Greater London NW7 2LG	£6,838	68	3	Semi-Detached House
£622K	01/24	0.43 mi	437, Watford Way, London, Greater London NW4 4TR	£6,158	101	3	Semi-Detached House
£450K	06/21	0.43 mi	427, Watford Way, London, Greater London NW4 4TR	£4,455	101	3	Semi-Detached House
£600K	05/21	0.43 mi	461, Watford Way, London, Greater London NW4 4TR	£4,651	129	3	Semi-Detached House
£390K	03/21	0.45 mi	208, Blundell Road, Edgware, Greater London HA8 0JH	£5,000	78	3	Terraced House
£750K	09/23	0.45 mi	32, Featherstone Road, London, Greater London NW7 2BN	£5,859	128	3	Semi-Detached House
£750K	09/23	0.45 mi	36, Featherstone Road, London, Greater London NW7 2BN	-	-	3	Semi-Detached House
£827.5K	09/22	0.51 mi	3, Woodcroft Avenue, London, Greater London NW7 2AH	-	-	3	Detached House
£670K	04/23	0.52 mi	42, Pursley Road, London, Greater London NW7 2BS	-	-	3	Semi-Detached House
£404K	02/23	0.52 mi	145, Blundell Road, Edgware, Greater London HA8 0JF	£6,313	64	3	Terraced House
£500K	06/22	0.53 mi	51, Woodland Way, London, Greater London NW7 2JP	£4,808	104	3	Terraced House
£405K	11/20	0.53 mi	33, Maple Gardens, Edgware, Greater London HA8 0JQ	£4,939	82	3	Terraced House
£625K	04/21	0.54 mi	26, Woodland Way, London, Greater London NW7 2JR	£4,771	131	3	Terraced House
£385K	12/20	0.56 mi	4, Goldbeaters Grove, Edgware, Greater London HA8 0QD	£4,813	80	3	Terraced House
£420K	05/21	0.57 mi	Flat 9, Comet, Lower Strand, London, Greater London NW9 5NN	-	-	3	Terraced House
£163K	08/21	0.59 mi	4, Hemswell Drive, London, Greater London NW9 5WN	£1,567	104	3	Terraced House
£510K	03/21	0.61 mi	3, Tangmere Way, London, Greater London NW9 5WW	£4,636	110	3	Terraced House
£442.5K	06/21	0.63 mi	92, Goldbeaters Grove, Edgware, Greater London HA8 0QA	-	-	3	Terraced House

Local Rents

45 rents from £1.7K/mo to £3.8K/mo, average is £2.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,750	09/24	0.04 mi	-	3	Terraced House
£2,300	06/24	0.07 mi	Longfield Avenue, Mill Hill, NW7	3	Flat
£2,000	07/24	0.09 mi	Rowlands Close, London	3	Detached House
£3,000	06/24	0.21 mi	Coxwell Boulevard, London, NW9	3	Terraced House
£3,100	08/24	0.21 mi	Coxwell Boulevard, Colindale , NW9	3	Flat
£3,000	08/24	0.21 mi	Coxwell Boulevard, Colindale , NW9	3	Flat
£2,995	06/24	0.21 mi	Franco Avenue, Colindale, NW9	3	Flat
£1,700	10/24	0.27 mi	-	3	Flat
£1,950	07/24	0.28 mi	Gilda Court, Mill Hill, London, NW7	3	Flat
£1,950	08/24	0.28 mi	Gilda Court, Hendon, London, NW7	3	Flat
£2,000	09/24	0.29 mi	-	3	Flat
£2,100	08/24	0.36 mi	Rivington Crescent, London, NW7	3	Semi-Detached House
£2,200	04/25	0.41 mi	-	3	Terraced House
£2,250	06/24	0.41 mi	-	3	Semi-Detached House
£2,750	03/25	0.42 mi	-	3	Terraced House
£2,450	07/24	0.43 mi	Hall Lane, Hendon, NW4	3	Semi-Detached House
£2,200	04/25	0.43 mi	-	3	Terraced House
£2,000	07/24	0.46 mi	-	3	Terraced House
£2,400	07/24	0.46 mi	Barford Close, Hendon, London, NW4	3	Semi-Detached House
£2,400	07/24	0.46 mi	Barford Close, London	3	Semi-Detached House
£3,750	04/25	0.48 mi	-	3	Semi-Detached House
£2,400	08/24	0.49 mi	Woodland Way, Mill Hill, London, NW7	3	Semi-Detached House
£2,500	07/24	0.53 mi	-	3	Flat
£1,800	02/25	0.53 mi	-	3	Semi-Detached House
£2,300	08/24	0.53 mi	-	3	Flat
£2,300	06/24	0.53 mi	Woodland Way, Mill Hill, London, NW7	3	Flat
£2,300	07/24	0.53 mi	Woodland Way, Mill Hill, London, NW7	3	Flat
£2,500	03/25	0.53 mi	-	3	Semi-Detached House
£2,100	01/25	0.57 mi	-	3	Semi-Detached House
£2,200	09/24	0.58 mi	-	3	Terraced House
£2,200	09/24	0.58 mi	-	3	Terraced House
£2,400	07/24	0.59 mi	Ham Court, London, NW9	3	Flat
£2,400	07/24	0.59 mi	-	3	Flat
£2,400	09/24	0.59 mi	-	3	Flat
£2,201	12/24	0.59 mi	-	3	Flat
£2,600	12/24	0.59 mi	-	3	Flat
£2,600	01/25	0.59 mi	-	3	Flat
£2,600	01/25	0.59 mi	-	3	Flat
£2,750	08/24	0.6 mi	-	3	Semi-Detached House
£2,800	10/24	0.6 mi	-	3	Semi-Detached House
£3,000	02/24	0.6 mi	-	3	Flat
£3,000	02/24	0.6 mi	-	3	Flat
£2,550	10/24	0.6 mi	-	3	Flat
£2,550	10/24	0.6 mi	-	3	Flat
£2,850	08/24	0.6 mi	Panavia Court, Colindale, NW9	3	Flat

Local Area Statistics

Population in NW7	25,13125,131
Population in London	4,771,9214,771,921
Town centre distance	7.83 miles away7.83 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.65 miles away0.65 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+15%+15%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+5%+5%

Property History

Listed for £670,000

March 25, 2025

Floor Plans

Description

Chain free +
Popular modern development +
Integral garage +
Two bathrooms (one en-suite) +
Own drive with off street parking +
Conservatory +
Close to sought after schools +
Within approx. 1.5 miles of Mill Hill Broadway +
Use of communal green +
Solar panels +

A chain free three bedroom, two bathroom (one en-suite) link-detached house, built by Barratt Homes and situated on the ever popular Burlington Heights development, approximately one and a half miles from Mill Hill Broadway's excellent shopping facilities and Thameslink Station and close to popular local schools.

The property needs some modernisation and comprises a lounge, dining room, conservatory, kitchen/breakfast room, utility room, guest cloakroom, three bedrooms, family bathroom and en-suite shower room.

Benefits include gas central heating, double glazing, solar panels, courtyard style garden, integral garage and off-street parking to front.

There is an annual estate management charge of approximately £145.00.

For further details and to arrange a viewing contact Ellis and Co Estate Agents.

Agent Details

Ellis & Co, Mill Hill

020 3872 3065

Next Steps?

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

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