4 Bed HMO, London, NW4 4RT £650,000

Richmond Gardens, London, NW4 4RT - 4 views - 7 months ago
HMO
ROI: 3%
~129 m²
Property image

ValuationUndervalued

Sold Prices£193K - £1.5M
Sold Prices/m²£1.4K/m² - £10.7K/m²

 

 

Square Metres

~129.26 m²
Price/m²£5K/m²

Value Estimate

£803,423
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£53,700

Total Cash In

£216,200

 

 

Cash Out

 

Room Rate

£1,000

Gross Rent

£4,000

Running Costs/mo

£3,474

Cashflow/mo

£526

Cashflow/yr

£6,308

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £193K to £1.5M, average is £780K. £1.4K/m² to £10.7K/m², average is £6.5K/m².

Price
Date
Distance
Address
Beds
 
£900K02/240.04 mi15, Colindeep Gardens, London, Greater London NW4 4RU4
£1.1M06/210.08 mi14, Edgeworth Crescent, London, Greater London NW4 4HG4
£700K11/210.1 mi16, Endersleigh Gardens, London, Greater London NW4 4RZ4
£870K10/220.21 mi50, Talbot Crescent, London, Greater London NW4 4HP4
£1.2M06/210.24 mi8, Faber Gardens, London, Greater London NW4 4NR4
£1.2M10/220.26 mi17, Woodward Avenue, London, Greater London NW4 4NU4
£875K10/240.29 mi23, Newark Way, Hendon, London NW4 4JG4
£500K06/210.31 mi103, Colin Crescent, London, Greater London NW9 6ET4
£1.3M10/220.32 mi2, Hatchcroft, London, Greater London NW4 4JH4
£640K12/230.33 mi96, Colin Crescent, London, Greater London NW9 6EX4
£820K02/250.33 mi51, Colin Crescent, Colindale, London NW9 6EU4
£760K06/210.35 mi83, Sevington Road, London, Greater London NW4 3RU4
£845K08/240.39 mi34, Greyhound Hill, Hendon, London NW4 4JP4
£845K08/240.39 mi34, Greyhound Hill, Hendon, London NW4 4JP4
£605K05/210.39 mi24, Babington Road, London, Greater London NW4 4LD4
£675K05/230.39 mi26, Colin Gardens, London, Greater London NW9 6EJ4
£780K06/210.39 mi17, Hollyview Close, London, Greater London NW4 3SZ4
£1.1M11/220.42 mi40, Foscote Road, London, Greater London NW4 3SD4
£920K03/250.43 mi36, Crespigny Road, Hendon, London NW4 3DX4
£755K08/220.45 mi31, Ravenshurst Avenue, London, Greater London NW4 4EG4
£1.3M09/220.45 mi27, Foscote Road, London, Greater London NW4 3SE4
£1.0M07/230.46 mi47, Sydney Grove, London, Greater London NW4 2EJ4
£825K08/220.46 mi9, Hendale Avenue, London, Greater London NW4 4LU4
£675K09/210.46 mi31, Sydney Grove, London, Greater London NW4 2EJ4
£915K03/250.5 mi42, St Marys Crescent, Hendon, London NW4 4LH4
£915K03/250.5 mi42, St Marys Crescent, Hendon, London NW4 4LH4
£694K08/240.51 mi129, Rushgrove Avenue, Colindale, London NW9 6RG4
£694K08/240.51 mi129, Rushgrove Avenue, Colindale, London NW9 6RG4
£740K09/240.52 mi135, Rushgrove Avenue, Colindale, London NW9 6RG4
£765K08/250.53 mi32, Florence Street, Hendon, London NW4 1QH4
£620K05/210.53 mi83, Lynton Avenue, London, Greater London NW9 6PB4
£780K08/250.54 mi22, Florence Street, Hendon, London NW4 1QH4
£630K03/230.58 mi52, New Way Road, London, Greater London NW9 6PG4
£700K01/240.61 mi65, Southfields, London, Greater London NW4 4NA4
£1.1M08/230.61 mi95, Southfields, London, Greater London NW4 4NA4
£850K11/230.61 mi91, Southfields, London, Greater London NW4 4NA4
£735K01/230.62 mi65, Park Road, London, Greater London NW4 3PA4
£850K10/240.62 mi9, Beaufort Gardens, Hendon, London NW4 3QN4
£850K10/240.62 mi9, Beaufort Gardens, Hendon, London NW4 3QN4
£650K02/250.65 mi22, The Loning, Colindale, London NW9 6DR4
£650K02/250.65 mi22, The Loning, Colindale, London NW9 6DR4
£915K12/220.69 mi58, Sunny Gardens Road, London, Greater London NW4 1RY4
£193K06/250.73 mi35, Dallas Road, Hendon, London NW4 3JB4
£193K06/250.73 mi35, Dallas Road, Hendon, London NW4 3JB4
£1.5M07/230.73 mi50, Downage, London, Greater London NW4 1AH4
£650K03/250.73 mi134, Sturgess Avenue, Hendon, London NW4 3TT4
£650K03/250.73 mi134, Sturgess Avenue, Hendon, London NW4 3TT4
£615K01/230.74 mi6, Hyde Crescent, London, Greater London NW9 7HA4
£660K01/240.76 mi95, Colindeep Lane, London, Greater London NW9 6DJ4
£1.0M07/230.76 mi16, Elm Close, London, Greater London NW4 2PH4

Local Area Statistics

Population in NW4

31,745

Population in London

4,771,921

Town centre distance

6.82 miles away

Nearest school

0.10 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £650,000

March 27, 2025

Floor Plans

Property image

Description

  • Ideal for Developers and Investors +
  • HMO License: Licensed for 5 bedrooms +
  • 1 Bathroom +
  • Gas Central Heating +
  • Walking distance to Hendon Central Station +
  • Close to Brent Cross Shopping Centre +

This semi-detached property is configured as a five-bedroom House in Multiple Occupation (HMO), featuring one bathroom and two additional WCs.

On the ground floor, there are two reception rooms currently utilized as double bedrooms, one of which opens onto a private garden. This level also includes a separate kitchen and a WC.

The first floor consists of two double bedrooms, one single bedroom, a bathroom, and another WC.

The property offers a driveway capable of accommodating 2 to 3 vehicles and is available for sale without a chain. It holds an HMO license that allows for up to five bedrooms, presenting a compelling opportunity for investors and developers, with a potential rental income of £4,000 per month.

Agent Details

Temple Fortune Estates, Temple Fortune

020 3958 4327

Next Steps?

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