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See how verdicts work1-bedroom flat · NW2 1UN
For saleReduced £15k (−6%) on 29 JulListed 169 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***long lease and no ground rent***London has a habit of hiding its best-kept secrets in plain sight, and Draycott Close is one of them - a quietly tucked-away development just off Somerton Road, where the pace of life softens without sacrificing convenience.
Built at the turn of the millennium in 2000, this well-presented first-floor apartment offers 317 sq ft of thoughtfully designed living space, making it an ideal purchase for first-time buyers, investors, or those seeking a smart London base.
The bright and welcoming reception room is filled with natural light, creating an inviting space to relax or entertain.
A separate kitchen provides practicality and separation from the living area, while the well-proportioned bedroom and generously sized bathroom complete the accommodation.
One of the standout features is the recently extended lease, now with approximately 163 years remaining, alongside the rare advantage of no ground rent - offering valuable long-term peace of mind and keeping future costs more predictable.
The location perfectly balances neighbourhood charm with excellent connectivity.
Cricklewood Broadway is moments away, offering a genuine slice of North West London life with independent cafés, bakeries, supermarkets, and local favourites all close by.
The acclaimed Kiln Theatre is also nearby, bringing one of London’s most respected cultural venues to your doorstep.
Transport links are excellent, with Cricklewood Thameslink providing swift access into St Pancras and Central London, while nearby Golders Green and West Hampstead offer Northern and Jubilee line connections for seamless travel across the capital.
Further benefits include off-street parking and service charges that include both water rates and building insurance.
For buyers looking to step onto the property ladder in a well-connected London location with strong long-term fundamentals, this represents a smart and compelling opportunity.
Tenure: Leasehold Lease Remaining: Approx. 163 Years Ground Rent: £0 Service Charge: £1,871 Per Annum Council Tax Band: C Local Authority: Barnet
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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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 50, Draycott Close, London
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