3 Bed Detached House, Refurb/BRRR, London, NW7 2ND, £1,050,000

9 Copthall Drive, Mill Hill, NW7 2ND - 14 days ago

Refurb/BRRR

100 m²

+19 photos

ValuationOvervalued

Sold Prices	£390K - £1.4M
Sold Prices/m²	£4.5K/m² - £9.1K/m²

Square Metres	100 m²
Price/m²	£10.5K/m²
Value Estimate	£578,313£578,313

End Value (After Refurb)	£910,000£910,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£262,500£262,500
Stamp Duty & Legal Fees	£102,450£102,450
Refurb Costs	£52,903£52,903
Bridging Loan Interest	£27,563£27,563
Total Cash In	£447,166£447,166

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£910,000£910,000
Mortgage (After Refinance)	£682,500£682,500
Mortgage LTV	75%75%
Cash Left In	£447,166£447,166
Equity	£227,500£227,500
Rent Range	£1,700 - £3,100£1,700 - £3,100
Rent Estimate	£2,341
Running Costs/mo	£3,332£3,332
Cashflow/mo	£-991£-991
Cashflow/yr	£-11,891£-11,891
Gross Yield	3%3%

Local Sold Prices

50 sold prices from £390K to £1.4M, average is £632.5K. £4.5K/m² to £9.1K/m², average is £6.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£950K	11/22	0.01 mi	5, Copthall Drive, London, Greater London NW7 2ND	-	-	3	Semi-Detached House
£1.4M	01/23	0.09 mi	Valmara, 15, Tudor Close, London, Greater London NW7 2BG	-	-	3	Detached House
£640K	03/22	0.1 mi	22, Bunns Lane, London, Greater London NW7 2NE	£6,214	103	3	Terraced House
£770K	01/21	0.13 mi	26, Bunns Lane, London, Greater London NW7 2DU	£5,032	153	3	Semi-Detached House
£625K	08/23	0.13 mi	61, Bunns Lane, London, Greater London NW7 2DX	-	-	3	Semi-Detached House
£660K	06/21	0.17 mi	14, Colenso Drive, London, Greater London NW7 2EZ	-	-	3	Semi-Detached House
£530K	02/21	0.18 mi	90, Rowlands Close, London, Greater London NW7 2DW	£7,794	68	3	Semi-Detached House
£675K	03/22	0.19 mi	21, Colenso Drive, London, Greater London NW7 2EY	£6,553	103	3	Terraced House
£720K	05/22	0.2 mi	28, Colenso Drive, London, Greater London NW7 2EB	£6,729	107	3	Terraced 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
£712K	05/23	0.22 mi	26, Colenso Drive, London, Greater London NW7 2EB	-	-	3	Terraced House
£527.5K	12/22	0.22 mi	83, Longfield Avenue, London, Greater London NW7 2SA	£7,536	70	3	Terraced House
£715K	03/24	0.23 mi	26, Bampton Drive, London, Greater London NW7 2AY	£5,861	122	3	Semi-Detached House
£690K	10/20	0.24 mi	18, Bampton Drive, London, Greater London NW7 2AY	£5,149	134	3	Terraced House
£660K	06/21	0.24 mi	45, Colenso Drive, London, Greater London NW7 2EA	£6,471	102	3	Semi-Detached House
£664K	03/21	0.24 mi	47, Colenso Drive, London, Greater London NW7 2EA	£6,109	109	3	Terraced House
£740K	06/22	0.24 mi	41, Colenso Drive, London, Greater London NW7 2EA	£6,981	106	3	Terraced House
£575K	12/20	0.26 mi	32, Longfield Avenue, London, Greater London NW7 2EG	£7,646	75	3	Semi-Detached House
£620K	11/20	0.27 mi	44, Longfield Avenue, London, Greater London NW7 2EG	£5,688	109	3	Semi-Detached House
£735K	04/21	0.27 mi	51, Longfield Avenue, London, Greater London NW7 2EH	£5,742	128	3	Semi-Detached House
£550K	01/23	0.28 mi	15, Burnham Close, London, Greater London NW7 2SE	-	-	3	Semi-Detached House
£750K	09/23	0.3 mi	32, Featherstone Road, London, Greater London NW7 2BN	£5,859	128	3	Semi-Detached House
£750K	09/23	0.3 mi	36, Featherstone Road, London, Greater London NW7 2BN	-	-	3	Semi-Detached House
£615K	09/23	0.33 mi	11, Tithe Walk, London, Greater London NW7 2PY	£5,262	117	3	Semi-Detached House
£653.5K	03/21	0.35 mi	16, Tithe Walk, London, Greater London NW7 2QA	£6,407	102	3	Semi-Detached House
£400K	06/21	0.38 mi	3, Grahame Park Way, London, Greater London NW7 2LA	£4,819	83	3	Terraced House
£650K	10/20	0.4 mi	9, Tithe Close, London, Greater London NW7 2QD	£7,143	91	3	Semi-Detached House
£585K	06/21	0.4 mi	19, Tithe Close, London, Greater London NW7 2QD	-	-	3	Semi-Detached House
£670K	04/23	0.41 mi	42, Pursley Road, London, Greater London NW7 2BS	-	-	3	Semi-Detached House
£490K	11/23	0.41 mi	64, Corner Mead, London, Greater London NW9 5RD	£6,364	77	3	Terraced House
£455K	11/21	0.44 mi	1, University Close, London, Greater London NW7 2LD	-	-	3	Terraced House
£625K	04/21	0.45 mi	26, Woodland Way, London, Greater London NW7 2JR	£4,771	131	3	Terraced House
£500K	06/22	0.46 mi	51, Woodland Way, London, Greater London NW7 2JP	£4,808	104	3	Terraced House
£620K	02/21	0.49 mi	16, Marion Road, London, Greater London NW7 4AN	£6,739	92	3	Terraced House
£827.5K	09/22	0.5 mi	3, Woodcroft Avenue, London, Greater London NW7 2AH	-	-	3	Detached House
£701K	08/22	0.51 mi	15, Stanhope Gardens, London, Greater London NW7 2JD	£6,537	107	3	Terraced House
£700K	06/21	0.51 mi	18, Stanhope Gardens, London, Greater London NW7 2JD	-	-	3	Terraced House
£537K	11/22	0.54 mi	47, Wardell Close, London, Greater London NW7 2LG	£5,317	101	3	Semi-Detached House
£500K	09/22	0.54 mi	40, Wardell Close, London, Greater London NW7 2LG	£6,849	73	3	Semi-Detached House
£465K	06/21	0.54 mi	1, Wardell Close, London, Greater London NW7 2LG	£6,838	68	3	Semi-Detached House
£885K	07/23	0.55 mi	40, Victoria Road, London, Greater London NW7 4RY	£9,124	97	3	Detached House
£390K	03/21	0.55 mi	208, Blundell Road, Edgware, Greater London HA8 0JH	£5,000	78	3	Terraced House
£650K	09/22	0.57 mi	71, Hall Lane, London, Greater London NW4 4TJ	£5,963	109	3	Semi-Detached House
£590K	03/21	0.61 mi	53b, The Broadway, London, Greater London NW7 3DA	£5,842	101	3	Semi-Detached House
£480K	10/23	0.62 mi	47, Salcombe Gardens, London, Greater London NW7 2NU	-	-	3	Semi-Detached House
£405K	11/20	0.63 mi	33, Maple Gardens, Edgware, Greater London HA8 0JQ	£4,939	82	3	Terraced House
£622K	01/24	0.63 mi	437, Watford Way, London, Greater London NW4 4TR	£6,158	101	3	Semi-Detached House
£450K	06/21	0.63 mi	427, Watford Way, London, Greater London NW4 4TR	£4,455	101	3	Semi-Detached House
£600K	05/21	0.63 mi	461, Watford Way, London, Greater London NW4 4TR	£4,651	129	3	Semi-Detached House

Local Rents

21 rents from £1.7K/mo to £3.1K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,000	07/24	0.17 mi	Rowlands Close, London	3	Detached House
£2,000	09/24	0.21 mi	-	3	Flat
£2,300	06/24	0.27 mi	Longfield Avenue, Mill Hill, NW7	3	Flat
£1,750	09/24	0.3 mi	-	3	Terraced House
£2,400	08/24	0.42 mi	Woodland Way, Mill Hill, London, NW7	3	Semi-Detached House
£3,000	06/24	0.43 mi	Coxwell Boulevard, London, NW9	3	Terraced House
£2,500	07/24	0.45 mi	-	3	Flat
£3,100	08/24	0.45 mi	Coxwell Boulevard, Colindale , NW9	3	Flat
£3,000	08/24	0.45 mi	Coxwell Boulevard, Colindale , NW9	3	Flat
£2,300	08/24	0.46 mi	-	3	Flat
£2,300	06/24	0.46 mi	Woodland Way, Mill Hill, London, NW7	3	Flat
£2,300	07/24	0.46 mi	Woodland Way, Mill Hill, London, NW7	3	Flat
£2,995	06/24	0.47 mi	Franco Avenue, Colindale, NW9	3	Flat
£2,100	08/24	0.47 mi	Rivington Crescent, London, NW7	3	Semi-Detached House
£1,700	10/24	0.5 mi	-	3	Flat
£1,950	07/24	0.52 mi	Gilda Court, Mill Hill, London, NW7	3	Flat
£1,950	08/24	0.52 mi	Gilda Court, Hendon, London, NW7	3	Flat
£2,150	07/24	0.58 mi	The Broadway, Mill Hill	3	Flat
£1,800	02/25	0.59 mi	-	3	Semi-Detached House
£3,000	06/24	0.6 mi	-	3	Semi-Detached House
£2,250	06/24	0.62 mi	-	3	Semi-Detached House

Local Area Statistics

Population in NW7	25,13125,131
Population in London	4,771,9214,771,921
Town centre distance	7.94 miles away7.94 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.58 miles away0.58 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 £1,050,000

March 31, 2025

Floor Plans

Description

Sole Agents +
Detached +
Character Features +
Beautifully Presented +
Off Street Parking +
Garage/Storage +
Landscaped Rear Garden +
Close proximity to local shops +
Potential to extend STPP +

Charming Detached Home in the Heart of Mill Hill offering some delightful character features and benefitting from bright, well-proportioned accommodation.

Nestled in a peaceful and picturesque setting, this delightful three-bedroom detached home offers a wonderful opportunity to create your own sanctuary. Located in the heart of Mill Hill, the property boasts a beautiful garden, perfect for relaxation and outdoor enjoyment.

The home features two spacious reception rooms, providing versatile living space, along with a well-proportioned kitchen. Upstairs, three bedrooms offer comfortable accommodation. With off-street parking and a garage currently being used for storage and utility purposes, complete with heating and electricity, this property is both practical and full of potential.

Offering scope for modernisation, this is an ideal opportunity to put your own stamp on a charming home in a sought-after location.

Local Authority: Barnet
Tax Band: F
Tenure: Freehold

A charming detached home offering some delightful character features and benefitting from bright, well-proportioned accommodation.

The property is beautifully presented throughout and comprises 2 receptions and a kitchen on the ground floor, whilst on the first floor are 3 bedrooms, family bathroom and separate toilet.

The house is approached via a driveway which provides off street parking and leads to a garage at the side of the house which has been converted to storage rooms.

The beautifully landscaped rear garden is mainly laid to lawn with a paved terrace running along the rear of the property. The garden is well stocked with a wide variety of trees and flowering shrubs.

Copthall Drive is a popular residential turning within close proximity to local shops at Poets Corner and Mill Hill Broadway, excellent transport links, first class schooling an Arrandene Open Space.

The house offers further potential to extend, if required, subject to the usual planning consents.

Detached
Character Features
Landscaped Garden
Garage/Storage
Close to local Amenities and Transport Links

Agent Details

Statons, Totteridge

020 3869 4080

Next Steps?

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

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