1-bedroom flat · NW7 1ED
For saleListed 30 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
One double bedroom apartment on the ground floor of modern 2008 built block forming part of the Millbrook Park Development.
Mill Hill East underground station, ’Waitrose’ supermarket and ‘Virgin Active’ leisure facilities are nearby.
The property is offered for sale chain free with long lease plus the block is managed by the owners, benefiting from more reasonable service charges / communal outgoings.
* one bedroom * large reception room * balcony * fitted kitchen with integrated appliances & granite worktops * bathroom/WC * double glazing * gas central heating (new boiler 2022) * allocated off street car parking space * long lease * neutral decorations & flooring * chain free accommodation comprises: Communal entrance with Entryphone.
Own front door to: Entrance hall\tEntryphone handset. Large built in cupboard housing wall mounted combi boiler (installed Jan 2022). Reception room\t16’1 x 14’4 (4.90m x 4.36m) Max.
TV & telephone point. Door to balcony. Kitchen\t10'4 x 10’1 (3.15m x 3.08m). Max. Excellent range of fitted units incorporating built in oven, hob & hood.
Integrated fridge freezer, dishwasher & washer dryer. Granite worktops. Tiled floor. Bedroom 12’2 x 8’8 (3.70m x 2.64m). Built in wardrobe.
Bathroom/WC 6’8 x 6’4 (2.04m x 1.94m) White suite of panelled bath with shower attachment & screen. Wash basin. Low level wc. Tiled floor.
Exterior communal grassed area Off street car parking Allocated space. (See site plan). Lease 250 years from 2008, ie 232 years remaining. Ground rent GBP250pa.
Service charge 12 months to Feb 2027 GBP1,824.30. Includes buildings insurance, communal cleaning, electric and gardening. Site fee GBP700pa. EPC Band B. Council tax Band D, Barnet.
The agent has not tested any apparatus, equipment, fixtures, fittings or services, and so cannot verify they are in working order, or fit for their purpose, nor has the agent checked the legal documentation to verify the tenure of the property.
The buyer is advised to obtain verification from their solicitor or surveyor. Photographs are for illustration only and may depict items which are not for sale or included in the sale of the property.
All measurements quoted are approximate and their accuracy should not be relied upon.
A prospective purchaser must check the availability of any property and make an appointment to view before embarking on any journey.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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 Flat 2 Newhall House 2, Morphou Road, London
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