2 Bed Flat, Single Let, London, W9 3PT, £475,000

Elgin Avenue, London, W9 3PT - 5 views - 3 months ago

Leasehold
BTL
ROI: 2%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£315K - £1.1M
Sold Prices/m²£5.9K/m² - £12.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£7K/m²

Value Estimate

£538,296
BMV13%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Total Cash In

£145,450

 

 

Cash Out

 

Rent Range

£1,800 - £4,675

Rent Estimate

£2,125

Running Costs/mo

£1,929

Cashflow/mo

£196

Cashflow/yr

£2,348

ROI

2%

Gross Yield

5%

Local Sold Prices

51 sold prices from £315K to £1.1M, average is £555K. £5.9K/m² to £12.7K/m², average is £7.9K/m².

PriceDateDistanceAddressBeds 
£505K01/210.03 miFlat 21, Marble House, Elgin Avenue, London, Greater London W9 3PS2
£565K12/200.11 mi43c, Barnsdale Road, London, Greater London W9 3LL2
£800K10/200.16 mi3b, Lydford Road, London, Greater London W9 3LU2
£525K10/210.16 mi88a, Walterton Road, London, Greater London W9 3PQ2
£617.5K05/210.17 miFirst Floor Flat, 69, Elgin Avenue, London, Greater London W9 2DB2
£421K11/200.18 mi2, Portgate Close, London, Greater London W9 3DL2
£465K11/210.18 mi12, Portgate Close, London, Greater London W9 3DL2
£532K03/210.19 miRaised Ground Floor Flat, 19, Lanhill Road, London, Greater London W9 2BS2
£535K09/230.2 mi186b, Shirland Road, London, Greater London W9 3JF2
£540K06/210.21 miFlat 37, Swallow Court, Admiral Walk, London, Greater London W9 3TX2
£690K10/230.21 miFlat C, 40, Hormead Road, London, Greater London W9 3NQ2
£550K04/210.22 mi76a, Ashmore Road, London, Greater London W9 3DG2
£410K03/210.22 mi76b - 76c, Ashmore Road, London, Greater London W9 3DG2
£457K10/200.22 mi181b, Shirland Road, London, Greater London W9 2EU2
£595K07/230.22 mi64a, Fermoy Road, London, Greater London W9 3NJ2
£505K03/210.24 mi29, Riverton Close, London, Greater London W9 3DS2
£645K03/210.25 mi159a, Shirland Road, London, Greater London W9 2EP2
£555K09/210.26 miFlat 29, Hunter Lodge, Admiral Walk, London, Greater London W9 3TQ2
£545K07/210.26 miFlat 24, Hunter Lodge, Admiral Walk, London, Greater London W9 3TQ2
£525K09/230.26 miFlat 16, Hunter Lodge, Admiral Walk, London, Greater London W9 3TQ2
£555K11/200.26 miFlat 1, Larch Court, Admiral Walk, London, Greater London W9 3UA2
£390K03/210.26 miFlat 17, Chesney Court, Shirland Road, London, Greater London W9 2EG2
£481K01/240.27 miFlat A, 110, Ashmore Road, London, Greater London W9 3DQ2
£481K01/240.27 miFlat A, 110, Ashmore Road, London, Greater London W9 3DQ2
£624K06/210.29 miFlat 3, Cleveland Mansions, Widley Road, London, Greater London W9 2LA2
£700K08/230.29 miFlat 6, Cleveland Mansions, Widley Road, London, Greater London W9 2LA2
£315K05/210.3 miThird Floor Flat, 75, Bravington Road, London, Greater London W9 3AA2
£610K03/210.3 mi67a, Bravington Road, London, Greater London W9 3AA2
£575.5K05/230.3 miFlat 75, Southwold Mansions, Widley Road, London, Greater London W9 2LF2
£1.1M11/230.3 mi99e, Elgin Avenue, London, Greater London W9 2NP2
£610K03/230.3 mi25c, Croxley Road, London, Greater London W9 3HH2
£670K09/230.31 miFlat 31, Southwold Mansions, Widley Road, London, Greater London W9 2LE2
£720K01/230.31 miFlat 3, Southwold Mansions, Widley Road, London, Greater London W9 2LE2
£840K06/230.32 miFlat 164, Wymering Mansions, Wymering Road, London, Greater London W9 2NG2
£510K06/210.33 miFirst Floor Flat, 14, Croxley Road, London, Greater London W9 3HL2
£700K07/230.34 miFirst Floor Flat, 117, Elgin Avenue, London, Greater London W9 2NR2
£757.5K03/210.35 miFlat 88, Wymering Mansions, Wymering Road, London, Greater London W9 2NE2
£785K08/230.35 miFlat 89, Wymering Mansions, Wymering Road, London, Greater London W9 2NE2
£780K02/210.35 miFlat 31, Wymering Mansions, Wymering Road, London, Greater London W9 2NB2
£895K08/230.35 miFlat 66, Wymering Mansions, Wymering Road, London, Greater London W9 2ND2
£980K03/240.35 mi66a, Shirland Road, London, Greater London W9 2EH2
£490K01/210.35 miFlat 2, Gadsden House, Hazlewood Crescent, London, Greater London W10 5DX2
£512.5K06/210.36 mi12a, Mozart Street, London, Greater London W10 4LA2
£510K03/230.36 mi132, Great Western Road, London, Greater London W11 1AF2
£491.6K06/210.36 mi125, St Ervans Road, London, Greater London W10 5QY2
£535K06/210.36 miGround Floor Flat, 85, Shirland Road, London, Greater London W9 2EL2
£687K11/210.37 miFlat 146, Delaware Mansions, Delaware Road, London, Greater London W9 2LL2
£800K02/240.37 miEssendine Mansions, Flat 54, Essendine Road, London, Greater London W9 2LY2
£670K06/210.37 mi101a, Malvern Road, London, Greater London NW6 5PU2
£500K11/210.37 mi91c, Malvern Road, London, Greater London NW6 5PU2
£455K10/230.37 miFlat B, 71, Malvern Road, London, Greater London NW6 5PU2

Local Rents

50 rents from £1.8K/mo to £4.7K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,25003/250.06 mi-2
£2,50004/250.06 mi-2
£3,14210/240.07 miMoray Apartments, Elgin Avenue, Maida Vale, W92
£3,14210/240.07 miElgin Avenue, Maida Vale2
£3,25010/240.07 miMoray Apartments, Elgin Avenue, W92
£3,14210/240.07 miElgin Avenue, London, W92
£2,89910/240.08 mi12 Elgin Avenue - Two Bed Two Bathroom2
£2,30011/240.09 mi-2
£3,75004/250.09 mi-2
£2,35010/240.1 miChippenham Road London W92
£2,18803/250.1 mi-2
£2,10010/240.11 mi-2
£2,10010/240.11 mi-2
£3,00011/240.11 mi-2
£2,10010/240.11 mi-2
£2,92511/240.11 mi-2
£2,49510/240.11 mi-2
£2,40010/240.12 mi-2
£2,25004/250.12 mi-2
£2,48010/240.13 mi-2
£1,80010/240.13 mi-2
£1,80010/240.13 mi-2
£1,80010/240.13 mi-2
£2,50004/250.14 mi-2
£2,50004/250.14 mi-2
£2,40001/250.14 mi-2
£4,67510/240.14 mi-2
£2,01510/240.15 miEdbrooke Road, Maida Vale W92
£2,57810/240.16 miWoodfield Road, London, W92
£2,37511/240.16 mi-2
£2,95010/240.16 mi-2
£2,95010/240.16 miGoldney Road, London, W92
£2,90010/240.17 mi-2
£2,90010/240.17 mi-2
£2,70910/240.17 miGreat Western Road, Maida Vale, London, W92
£2,30010/240.18 mi-2
£3,25010/240.18 mi-2
£2,95003/250.18 mi-2
£3,25010/240.18 miElgin Avenue, London, W92
£2,99512/240.18 mi-2
£2,90012/240.18 mi-2
£2,30002/240.18 mi-2
£2,39610/240.19 miFermoy Road, Maida Vale2
£2,30010/240.19 miLanhill Road Maida Vale W92
£2,30010/240.19 mi-2
£2,19904/250.19 mi-2
£2,30010/240.2 miFermoy Road, W92
£2,50011/240.2 mi-2
£3,19511/240.2 mi-2
£2,35010/240.2 mi-2

Local Area Statistics

Population in W9

37,724

Population in London

4,771,921

Town centre distance

4.02 miles away

Nearest school

0.10 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Buyer's market

Capital growth (5yrs)

+12%

Property History

Listed for £475,000

January 21, 2025

Floor Plans

Description

  • Great Location +
  • Spacious +
  • Long Lease +
  • Private Garage +
  • Balcony +
  • Communal Gardens +

Located on Elgin Avenue in this popular gated development with communal gardens is this spacious two bedroom apartment. Offered in good condition but would benefit from an update. The property also has the added advantage of a balcony and private garage.Comprising: - Two double bedrooms, large eat-in kitchen, spacious reception room with French sliding doors to balcony and family bathroom.Service Charges £871.16 + Reserve Fund £140.55, Ground Rent £0Remaining Lease Period 990 Years, EPC = C, Council tax band= C

Agent Details

Ashley Milton, London

020 3834 8278

Next Steps?

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