2-bedroom house · HA8 0LZ
Listing removedReduced £50 (−2.9%) on 28 AugListed 67 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Maxwell Estates are delighted to present this second floor flat, located on Watling Avenue, in Edgware.
This property offers a reception room, two well-proportioned bedrooms with built in wardrobes, and a family bathroom.
The layout provides comfortable and practical living accommodation, perfect for professional tenants, couples, or a small family.
A key feature of the property is the large, well-kept communal garden, offering excellent outdoor space for relaxing or entertaining. Green spaces like Watling Park and Montrose Park are nearby.
Excellent transport links include Mill Hill Broadway Railway Station (Thameslink) and Burnt Oak Underground Station (Northern Line), plus multiple local bus routes.
Summary: Second floor - Access via stairs only Part furnished (wardrobes & sofas) Kitchen 1 reception 2 Bedroom 1 bathroom Shared communal garden Rent: £1,750 per calendar month Deposit: £2,019.23 Viewings are highly recommended.
For properties in England, the Tenant Fees Act 2019 means that in addition to rent, lettings agents can only charge tenants (or anyone acting on the tenant's behalf) the following permitted payments: Holding deposits (a maximum of 1 week's rent); Deposits (a maximum deposit of 5 weeks' rent for annual rent below £50,000, or 6 weeks' rent for annual rental of £50,000 and above); Payments to change a tenancy agreement eg.
Change of sharer (capped at £50 or, if higher, any reasonable costs); Payments associated with early termination of a tenancy (capped at the landlord's loss or the agent's reasonably incurred costs); Where required, utilities (electricity, gas or other fuel, water, sewerage), communication services "telephone, internet, cable/satellite television), TV licence; Council tax (payable to the billing authority)
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About 171, Watling Avenue, Edgware
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