According to the public record, 8, Gay Close, London is a mid-century leasehold apartment and with 925 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Gay Close, London, NW2 is located in the borough of Brent within the NW2 postal district.
8, Gay Close, London has 3 entries in the Land Registry database, most recently in March 2016 and 2 entries in the EPC database, most recently in May 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 8 Gay Close London as £515,666 and the rental value as £2,462 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 8 Gay Close London has decreased by £6,209 (1.2%) and its rental value has increased by £44 per month (1.8%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 8, Gay Close, London is in very good condition we estimate a sale value of £541,450 and rental value of £2,585 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £479,570 and a rental value of £2,290 per month.
If you were able to purchase this property for the estimated value of £515,666, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,534 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 8, Gay Close, London was last sold on 17 Mar 2016 for £562,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Mar 2016, the market for similar properties has dropped 5.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Gay Close, London within a radius of 13m over the last 2 years.
The most recent example is 10, Gay Close, London, NW2 4PR, a Leasehold flat which sold for £545,000 in Aug 2019.
Read more about house prices in NW2.
Our network of Estate Agents report 1 let within a 400m radius of 8, Gay Close, London over the last 2 years.
Most recently 7B , James Avenue, London, NW2 4AJ, a Leasehold flat let by Collinson Hall for an undisclosed amount in Dec 2023.
Gay Close, London, NW2 has a total of 24 addresses. According to our analysis of all the public data, 8, Gay Close, London is the 17th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £72k less expensive than the average property in NW2.
8, Gay Close, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 May 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 8, Gay Close, London is Willesden Green station which is 700 m away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Gay Close, London, 30.4% of property is privately rented and 28.2% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 8, Gay Close, London, 24.9% of residents are recorded as possessing school level qualifications and 54.6% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 8, Gay Close, London, the average age was 38.3 and the most common age was 27.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 8, Gay Close, London, 0.8% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 8, Gay Close, London, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.