2 Bed Flat, Refurb/BRRR, London, NW7 4BG, £395,000

Shakespeare Court, Shakespeare Road, Mill Hill, London, NW7 4BG - 1 views - a year ago

Refurb/BRRR

ROI: 1%

~74 m²

+10 photos

ValuationOvervalued

Sold Prices	£180K - £675K
Sold Prices/m²	£3K/m² - £9K/m²

Square Metres	~74 m²
Price/m²	£5.3K/m²
Value Estimate	£381,212£381,212

End Value (After Refurb)	£509,920£509,920
Uplift in Value	+29%+29%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£98,750£98,750
Stamp Duty & Legal Fees	£28,200£28,200
Refurb Costs	£39,148£39,148
Bridging Loan Interest	£10,369£10,369
Total Cash In	£178,217£178,217

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£509,920£509,920
Agent Fees (1%)	£5,099£5,099
Bridging Loan	£296,250£296,250
Bridging Loan Interest	£10,369£10,369
Flip Profit	£30,353£30,353

Local Sold Prices

46 sold prices from £180K to £675K, average is £350K. £3K/m² to £9K/m², average is £5.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£420K	11/22	0.12 mi	42a, Tennyson Road, London, Greater London NW7 4AS	£5,526	76	2	Flat
£434K	08/23	0.21 mi	Flat 1, Byron Court, Byron Road, London, Greater London NW7 4AG	-	-	2	Flat
£350K	12/20	0.24 mi	Flat 3, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£400K	09/21	0.24 mi	Flat 3, Ashburnham Court, Daws Lane, London, Greater London NW7 4SH	-	-	2	Flat
£356.3K	06/21	0.26 mi	Flat 1, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£350K	01/21	0.26 mi	Flat 8, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£335K	12/20	0.28 mi	Flat 1, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£335K	12/20	0.28 mi	Flat 1, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£350K	01/21	0.28 mi	Flat 8, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£470K	06/21	0.37 mi	85a, The Broadway, London, Greater London NW7 3TG	£4,653	101	2	Flat
£568.5K	11/23	0.61 mi	5, Woodland Way, London, Greater London NW7 2JP	£7,383	77	2	Flat
£250K	01/23	0.61 mi	Flat 8, Greendale, Green Avenue, London, Greater London NW7 4QA	-	-	2	Flat
£289.5K	06/21	0.63 mi	Flat 6, Greendale, Green Avenue, London, Greater London NW7 4QA	-	-	2	Flat
£320K	05/21	0.64 mi	Flat 40, Northway Court, Green Avenue, London, Greater London NW7 4PY	-	-	2	Flat
£675K	03/21	0.64 mi	23, Hale Grove Gardens, London, Greater London NW7 3LR	£6,193	109	2	Flat
£382K	01/21	0.66 mi	10a, Langley Park, London, Greater London NW7 2AA	£6,714	57	2	Flat
£390K	04/23	0.68 mi	Flat 1, Sunrise View, The Rise, London, Greater London NW7 2LL	-	-	2	Flat
£554K	12/20	0.7 mi	4, Meridian Close, London, Greater London NW7 3TA	£5,276	105	2	Flat
£365K	09/23	0.74 mi	Flat 14, Holland Court, Page Street, London, Greater London NW7 2DJ	-	-	2	Flat
£200K	09/21	0.81 mi	9, North Dene, London, Greater London NW7 3AT	£2,994	67	2	Flat
£435K	11/21	0.82 mi	1, Bloomsbury Close, London, Greater London NW7 2DT	£7,373	59	2	Flat
£365K	09/22	0.84 mi	Flat 6, Grosvenor Court, Hale Lane, London, Greater London NW7 3RY	-	-	2	Flat
£385K	06/21	0.85 mi	Flat 23, Page Court, Page Street, London, Greater London NW7 2DY	-	-	2	Flat
£312.5K	02/21	0.86 mi	58, Fernside Avenue, London, Greater London NW7 3AR	£4,883	64	2	Flat
£340K	09/22	0.86 mi	118, The Fairway, London, Greater London NW7 3HR	£5,152	66	2	Flat
£295K	12/20	0.87 mi	40, Rowlands Close, London, Greater London NW7 2DN	£4,836	61	2	Flat
£344K	03/21	0.87 mi	68, Rowlands Close, London, Greater London NW7 2DN	£5,733	60	2	Flat
£344K	01/21	0.87 mi	61, Rowlands Close, London, Greater London NW7 2DN	£5,642	61	2	Flat
£295K	08/23	0.87 mi	41, Rowlands Close, London, Greater London NW7 2DN	£5,000	59	2	Flat
£343.5K	12/20	0.9 mi	36, Westmere Drive, London, Greater London NW7 3HE	£5,367	64	2	Flat
£376K	06/23	0.9 mi	38, Westmere Drive, London, Greater London NW7 3HE	-	-	2	Flat
£347K	03/21	0.9 mi	30, Westmere Drive, London, Greater London NW7 3HE	£5,881	59	2	Flat
£355K	03/21	0.91 mi	53, Laleham Avenue, London, Greater London NW7 3HN	-	-	2	Flat
£350K	06/21	0.91 mi	39, Laleham Avenue, London, Greater London NW7 3HN	£5,556	63	2	Flat
£370K	06/21	0.91 mi	17, Belgrave Close, London, Greater London NW7 3QG	£6,549	57	2	Flat
£390K	09/22	0.91 mi	12a, Milespit Hill, London, Greater London NW7 2PL	£6,500	60	2	Flat
£325K	03/21	0.92 mi	24, Laleham Avenue, London, Greater London NW7 3HL	£4,779	68	2	Flat
£180K	06/21	0.92 mi	133a, Hale Lane, Edgware, Greater London HA8 9QP	£3,462	52	2	Flat
£375K	12/22	0.92 mi	56, Laleham Avenue, London, Greater London NW7 3HL	£5,282	71	2	Flat
£345K	12/22	0.92 mi	11, Westmere Drive, London, Greater London NW7 3HG	£5,074	68	2	Flat
£347K	06/21	0.93 mi	47, Westmere Drive, London, Greater London NW7 3HG	-	-	2	Flat
£340K	04/21	0.93 mi	37, Westmere Drive, London, Greater London NW7 3HG	£5,152	66	2	Flat
£387K	03/23	0.93 mi	13, Westmere Drive, London, Greater London NW7 3HG	£6,047	64	2	Flat
£340K	12/20	0.94 mi	3, Storksmead Road, Edgware, Greater London HA8 0JW	£4,146	82	2	Flat
£385K	11/22	0.94 mi	46, The Fairway, London, Greater London NW7 3HP	£8,953	43	2	Flat
£365K	02/23	0.94 mi	50, The Fairway, London, Greater London NW7 3HP	£6,083	60	2	Flat

Local Rents

49 rents from £1.5K/mo to £3.8K/mo, average is £2.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,625	06/24	0.01 mi	Shakespeare Road, Mill Hill, NW7	2	Flat
£2,399	06/24	0.01 mi	Poet Mansion, London, NW7	2	Flat
£2,399	02/24	0.01 mi	-	2	Flat
£2,399	06/24	0.01 mi	-	2	Flat
£1,800	03/25	0.02 mi	-	2	Flat
£1,647	06/24	0.04 mi	Birkbeck Road, Mill Hill NW7	2	Flat
£1,850	06/24	0.2 mi	-	2	Flat
£2,000	09/24	0.21 mi	Victoria Road, Golders Green	2	Flat
£3,750	06/24	0.23 mi	Hammers Lane, Mill Hill	2	Flat
£1,895	06/24	0.24 mi	Lawrence Street, Mill Hill, NW7	2	Flat
£1,700	07/24	0.25 mi	Daws Lane, Mill Hill, NW7	2	Flat
£1,700	08/24	0.25 mi	Daws Lane, Mill Hill, NW7	2	Flat
£2,100	08/24	0.25 mi	Victoria Road, Mill Hill, London, NW7	2	Flat
£2,050	08/24	0.25 mi	Victoria Road, Mill Hill, NW7	2	Flat
£1,695	06/24	0.26 mi	Consort House, Albert Road, Mill Hill	2	Flat
£2,300	06/24	0.26 mi	Dodson House, Medawar Drive, London	2	Flat
£1,500	11/24	0.27 mi	-	2	Flat
£2,450	08/24	0.27 mi	Watford Way, Mill Hill, London, NW7	2	Flat
£2,250	08/24	0.27 mi	Watford Way, Mill Hill, London, NW7	2	Flat
£2,400	08/24	0.27 mi	Watford Way, Mill Hill, London, NW7	2	Flat
£2,600	08/24	0.27 mi	Watford Way, Mill Hill, London, NW7	2	Flat
£2,500	08/24	0.27 mi	Watford Way, Mill Hill, London, NW7	2	Flat
£2,900	08/24	0.27 mi	The Penthouse, Watford Way, Mill Hill, London, NW7	2	Flat
£1,650	09/24	0.31 mi	The Broadway, Mill Hill, NW7	2	Flat
£3,000	06/24	0.31 mi	Sarason Apartments, Mill Hill	2	Flat
£1,700	06/24	0.31 mi	The Broadway, Mill Hill, NW7	2	Flat
£3,500	06/24	0.32 mi	-	2	Flat
£2,495	06/24	0.34 mi	Titan Court, Flower Lane, Mill Hill	2	Flat
£1,999	07/24	0.35 mi	Interior Designed Modern Space - Balcony	2	Flat
£2,350	06/24	0.35 mi	Flower Lane, London, NW7	2	Flat
£2,250	06/24	0.38 mi	Titan Court, 1 Flower Lane, Mill Hill, London, NW7	2	Flat
£2,300	06/24	0.44 mi	The Broadway, MILL HILL	2	House
£2,195	06/24	0.44 mi	The Broadway, MILL HILL	2	House
£2,195	07/24	0.44 mi	The Broadway, MILL HILL	2	House
£2,195	07/24	0.44 mi	The Broadway, MILL HILL	2	House
£2,195	07/24	0.44 mi	The Broadway, MILL HILL	2	House
£2,195	07/24	0.44 mi	The Broadway, MILL HILL	2	House
£2,195	07/24	0.44 mi	The Broadway, MILL HILL	2	House
£2,195	07/24	0.44 mi	The Broadway, MILL HILL	2	House
£2,100	07/24	0.44 mi	The Broadway, MILL HILL	2	House
£2,000	02/24	0.47 mi	-	2	Flat
£2,000	02/24	0.47 mi	-	2	Flat
£2,000	02/25	0.47 mi	-	2	Flat
£1,850	06/24	0.48 mi	The Broadway, London, NW7	2	Flat
£1,850	08/24	0.48 mi	The Broadway, London, NW7	2	Flat
£1,800	06/24	0.52 mi	-	2	Flat
£1,800	09/24	0.52 mi	-	2	Flat
£2,300	09/24	0.52 mi	-	2	Flat
£2,000	08/24	0.53 mi	-	2	Flat

Local Area Statistics

Population in NW7	25,13125,131
Population in London	4,771,9214,771,921
Town centre distance	8.50 miles away8.50 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.59 miles away0.59 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

Price changed to £395,000

December 4, 2024

Listed for £400,000

April 4, 2024

Floor Plans

Description

Spacious accommodation +
Ground floor +
Chain free +
Own section of garden +
In need of modernisation +
Near Mill Hill Park & Arrandene open space +
Sought after residential road +
Use of communal gardens +
Share of freehold +
Lease approximately 998 years remaining +

A chain free two bedroom purpose built ground floor flat, situated in a sought after residential road in the heart of Poets Corner close to Mill Hill Park & Arrandene Open Space and within approximately three quarters of a mile of Mill Hill Broadway's shops and Thameslink Station.

The property is in need of modernisation and comprises a dual aspect reception room overlooking communal gardens with views onto St Joseph's Gate fields, kitchen, two double bedrooms and shower room.

Benefits include double glazing, gas central heating, own section of garden, additional communal gardens and share of freehold.

The property is being sold with the benefit of a Share of Freehold and the property has a lease of approximately 998 years remaining (999 years from 26/09/2024) with a service charge of approximately £970.27 per annum.

Council Tax - Band D

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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