2 Bed Flat, Single Let, London, NW7 2AZ, £325,000

211 Bressay Drive, Mill Hill, NW7 4TD - 1 views - 9 months ago

Leasehold

BTL

ROI: 2%

~68 m²

+5 photos

ValuationUndervalued

Sold Prices	£275.5K - £568.5K
Sold Prices/m²	£3K/m² - £7.7K/m²

Square Metres	~68.11 m²
Price/m²	£4.8K/m²
Value Estimate	£390,503£390,503
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£81,250£81,250
Stamp Duty & Legal Fees	£14,700£14,700
Total Cash In	£95,950£95,950

Cash Out
Rent Range	£1,500 - £3,000£1,500 - £3,000
Rent Estimate	£1,542
Running Costs/mo	£1,344£1,344
Cashflow/mo	£198£198
Cashflow/yr	£2,376£2,376
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

49 sold prices from £275.5K to £568.5K, average is £365K. £3K/m² to £7.7K/m², average is £5.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£385K	06/21	0.1 mi	Flat 23, Page Court, Page Street, London, Greater London NW7 2DY	-	-	2	Flat
£295K	12/20	0.19 mi	40, Rowlands Close, London, Greater London NW7 2DN	£4,836	61	2	Flat
£344K	03/21	0.19 mi	68, Rowlands Close, London, Greater London NW7 2DN	£5,733	60	2	Flat
£344K	01/21	0.19 mi	61, Rowlands Close, London, Greater London NW7 2DN	£5,642	61	2	Flat
£295K	08/23	0.19 mi	41, Rowlands Close, London, Greater London NW7 2DN	£5,000	59	2	Flat
£365K	09/23	0.2 mi	Flat 14, Holland Court, Page Street, London, Greater London NW7 2DJ	-	-	2	Flat
£510K	08/23	0.23 mi	4, Tithe Close, London, Greater London NW7 2QD	£7,712	66	2	Flat
£435K	11/21	0.25 mi	1, Bloomsbury Close, London, Greater London NW7 2DT	£7,373	59	2	Flat
£390K	04/23	0.37 mi	Flat 1, Sunrise View, The Rise, London, Greater London NW7 2LL	-	-	2	Flat
£390K	09/22	0.49 mi	12a, Milespit Hill, London, Greater London NW7 2PL	£6,500	60	2	Flat
£360K	08/21	0.61 mi	29, Wheatley Close, London, Greater London NW4 4LG	£5,784	62	2	Flat
£318K	11/21	0.61 mi	38, Wheatley Close, London, Greater London NW4 4LG	£5,091	62	2	Flat
£322.5K	01/23	0.64 mi	101, Wheatley Close, London, Greater London NW4 4LF	£4,542	71	2	Flat
£568.5K	11/23	0.67 mi	5, Woodland Way, London, Greater London NW7 2JP	£7,383	77	2	Flat
£400K	09/21	0.68 mi	Flat 3, Ashburnham Court, Daws Lane, London, Greater London NW7 4SH	-	-	2	Flat
£350K	12/20	0.68 mi	Flat 3, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£335K	12/20	0.73 mi	Flat 1, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£335K	12/20	0.73 mi	Flat 1, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£350K	01/21	0.73 mi	Flat 8, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£434K	08/23	0.73 mi	Flat 1, Byron Court, Byron Road, London, Greater London NW7 4AG	-	-	2	Flat
£350K	02/21	0.74 mi	4c, Sunningfields Crescent, London, Greater London NW4 4RD	£5,147	68	2	Flat
£356.3K	06/21	0.75 mi	Flat 1, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£310K	10/23	0.76 mi	Flat 11, Buckingham Court, Watford Way, London, Greater London NW4 4TD	-	-	2	Flat
£340K	12/20	0.77 mi	3, Storksmead Road, Edgware, Greater London HA8 0JW	£4,146	82	2	Flat
£350K	01/21	0.78 mi	Flat 8, Milldene, Daws Lane, London, Greater London NW7 4SN	-	-	2	Flat
£420K	06/21	0.79 mi	20, Seaton Square, London, Greater London NW7 1GB	£7,073	59	2	Flat
£325K	02/23	0.8 mi	16, Seaton Square, London, Greater London NW7 1GB	£5,603	58	2	Flat
£420K	11/22	0.81 mi	42a, Tennyson Road, London, Greater London NW7 4AS	£5,526	76	2	Flat
£375K	06/21	0.81 mi	32, Wilshaw Close, London, Greater London NW4 4TU	£3,000	125	2	Flat
£310K	10/20	0.82 mi	10, Wilshaw Close, London, Greater London NW4 4TU	£5,167	60	2	Flat
£360K	11/22	0.82 mi	15, Wilshaw Close, London, Greater London NW4 4TU	£5,373	67	2	Flat
£535K	06/21	0.82 mi	5, Honiton Gardens, London, Greater London NW7 1GF	-	-	2	Flat
£405K	06/21	0.82 mi	10, Honiton Gardens, London, Greater London NW7 1GF	£6,778	60	2	Flat
£470K	06/21	0.84 mi	85a, The Broadway, London, Greater London NW7 3TG	£4,653	101	2	Flat
£430K	03/23	0.84 mi	52a, Sunny Gardens Road, London, Greater London NW4 1RY	£6,324	68	2	Flat
£355K	09/21	0.87 mi	11, Sanders Lane, London, Greater London NW7 1BX	£4,914	72	2	Flat
£382K	01/21	0.88 mi	10a, Langley Park, London, Greater London NW7 2AA	£6,714	57	2	Flat
£400K	02/24	0.88 mi	9, Shillingford Close, London, Greater London NW7 1HQ	£6,154	65	2	Flat
£400K	04/21	0.88 mi	40, Shillingford Close, London, Greater London NW7 1HQ	£6,667	60	2	Flat
£395K	07/23	0.88 mi	29, Shillingford Close, London, Greater London NW7 1HQ	£7,054	56	2	Flat
£400K	03/21	0.89 mi	38, Shillingford Close, London, Greater London NW7 1HQ	£6,667	60	2	Flat
£410K	12/20	0.93 mi	6, Thornbury Close, London, Greater London NW7 1HH	£6,833	60	2	Flat
£285K	06/21	0.94 mi	303, Watling Avenue, Edgware, Greater London HA8 0ND	£5,377	53	2	Flat
£275.5K	10/21	0.94 mi	293, Watling Avenue, Edgware, Greater London HA8 0ND	£4,373	63	2	Flat
£455K	02/21	0.97 mi	69, Sunny Gardens Road, London, Greater London NW4 1SJ	-	-	2	Flat
£320K	12/20	1 mi	Flat 9, Claydon House, Holders Hill Road, London, Greater London NW4 1LS	-	-	2	Flat
£390K	01/21	1 mi	Flat 32, Claydon House, Holders Hill Road, London, Greater London NW4 1LS	-	-	2	Flat
£345K	10/23	1 mi	Flat 26, Claydon House, Holders Hill Road, London, Greater London NW4 1LS	-	-	2	Flat
£375K	03/21	1 mi	Flat 33, Claydon House, Holders Hill Road, London, Greater London NW4 1LS	-	-	2	Flat

Local Rents

48 rents from £1.5K/mo to £3K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,700	07/24	0.03 mi	Shetland Court, Bressay Drive, Mill Hill, NW7	2	Flat
£1,850	06/24	0.04 mi	Tingwall Court, 3 Bressay Drive, Mill Hill, London, NW7	2	Flat
£1,900	07/24	0.06 mi	Colenso Drive, London, NW7	2	Terraced House
£1,950	06/24	0.07 mi	Colenso Drive, Mill Hill, NW7	2	Terraced House
£2,350	07/24	0.08 mi	Colenso Drive, Mill Hill, NW7	2	Terraced House
£1,850	07/24	0.1 mi	Page Street, Mill Hill, NW7	2	Flat
£2,200	06/24	0.11 mi	Colenso Drive, Mill Hill, NW7	2	Flat
£1,850	06/24	0.13 mi	Rowlands Close, Mill Hill, NW7	2	Terraced House
£1,900	08/24	0.15 mi	Page Street, Randall Court Page Street, NW7	2	Flat
£1,500	06/24	0.16 mi	Bunns Lane, Mill Hill, NW7	2	Flat
£1,600	06/24	0.17 mi	Rowlands Close, Mill Hill	2	Flat
£1,850	06/24	0.17 mi	Rowlands Close, Mill Hill, NW7	2	Terraced House
£1,750	04/25	0.19 mi	-	2	Flat
£1,750	03/25	0.19 mi	-	2	Flat
£1,850	07/24	0.2 mi	Burnham Close, Mill Hill, London, Greater London, NW7	2	Semi-Detached House
£1,950	06/24	0.2 mi	Burnham Close, Mill Hill, London, NW7	2	House
£1,850	06/24	0.22 mi	Aylesham Close, MIll Hill, NW7	2	Terraced House
£1,800	07/24	0.23 mi	Bloomsbury Close, Mill Hill, NW7	2	Flat
£2,400	07/24	0.23 mi	Brancaster Drive, Mill Hill	2	Semi-Detached House
£1,850	03/24	0.24 mi	Bloomsbury Close, Mill Hill, NW7	2	Flat
£1,800	08/24	0.24 mi	Bloomsbury Close, Mill Hill, NW7	2	Flat
£1,517	06/24	0.25 mi	Bloomsbury Close, Mill Hill NW7	2	Flat
£1,850	01/25	0.27 mi	-	2	Flat
£2,200	08/24	0.27 mi	81 Bunn's Lane,	2	Flat
£1,650	10/24	0.31 mi	-	2	Flat
£1,550	01/25	0.31 mi	-	2	Flat
£2,400	09/24	0.32 mi	-	2	Flat
£1,700	03/25	0.34 mi	-	2	Flat
£2,200	03/25	0.35 mi	-	2	Flat
£1,750	08/24	0.35 mi	-	2	Flat
£1,750	07/24	0.35 mi	London, London, NW4	2	Flat
£1,850	01/25	0.35 mi	-	2	Flat
£1,900	06/24	0.37 mi	Gilda Court, Watford Way, Mill Hill	2	Flat
£1,600	07/24	0.37 mi	Gilda Court, Watford Way, London	2	Flat
£3,000	11/24	0.38 mi	-	2	Flat
£2,350	02/25	0.38 mi	-	2	Flat
£2,400	03/25	0.39 mi	-	2	Flat
£2,250	11/24	0.39 mi	-	2	Flat
£2,350	08/24	0.39 mi	Coxwell Boulevard, Mill Hill, London, NW9	2	Flat
£2,350	08/24	0.39 mi	Coxwell Boulevard, Colindale, NW9	2	Flat
£2,350	08/24	0.39 mi	Coxwell Boulevard, London, NW9	2	Flat
£2,350	07/24	0.4 mi	Coxwell Boulevard, London	2	Flat
£2,250	10/24	0.41 mi	-	2	Flat
£1,950	02/25	0.43 mi	-	2	Flat
£2,100	09/24	0.44 mi	Hall Lane, London, NW4	2	Flat
£1,850	08/24	0.46 mi	Corner Mead, London, NW9	2	Terraced House
£1,800	07/24	0.48 mi	Hilltop Gardens, London, NW4 1JE	2	Flat
£1,950	01/25	0.49 mi	-	2	Flat

Local Area Statistics

Population in NW7	25,13125,131
Population in London	4,771,9214,771,921
Town centre distance	7.69 miles away7.69 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.80 miles away0.80 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 £325,000

June 20, 2024

Description

Cosway Estates are proud to present this wonderful 2 bedroom apartment in a well-maintained purpose-built block. The property boasts a spacious reception room, good size kitchen, 2 well proportioned bedrooms (one with attractive juliet balcony) and a modern bathroom. Further benefits include secured parking and a peaceful communal garden. Additionally, the property is within a mile of Mill Hill Broadway with all its amenities and Thameslink Station. Chain Free. Sole Agent.

Agent Details

Cosway Estates, Mill Hill

020 3879 9989

Next Steps?

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

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