According to the public record, Flat 7, 59-61, Oak Grove, London is a modern leasehold apartment and with 452 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 59-61, Oak Grove, London, NW2.
Oak Grove, London, NW2 is located in the borough of Barnet within the NW2 postal district.
Flat 7, 59-61, Oak Grove, London has a single entry in the Land Registry database from February 2016 and a single entry in the EPC database dated November 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 Flat 7 59-61 Oak Grove London as £312,401 and the rental value as £1,588 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 7 59-61 Oak Grove London has increased by £10,800 (3.5%) and its rental value has increased by £104 per month (6.5%).
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 Flat 7, 59-61, Oak Grove, London is in very good condition we estimate a sale value of £328,021 and rental value of £1,668 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £290,533 and a rental value of £1,477 per month.
If you were able to purchase this property for the estimated value of £312,401, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,535 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, Flat 7, 59-61, Oak Grove, London was last sold on 29 Feb 2016 for £350,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2016, the market for similar properties has dropped 0.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, 59-61, Oak Grove, London within a radius of 0m over the last 2 years.
The most recent example is Flat 6, 59-61, Oak Grove, London, NW2 3LS, a Leasehold flat which sold for £298,500 in Apr 2023.
Read more about house prices in NW2.
Our network of Estate Agents report 1 let of a property similar to Flat 7, 59-61, Oak Grove, London within a radius of 157m over the last 2 years.
Most recently 24B , Elm Grove, London, NW2 3AA, a Leasehold flat let by Jorgensen Turner for an undisclosed amount in Dec 2021.
Oak Grove, London, NW2 has a total of 116 addresses. According to our analysis of all the public data, Flat 7, 59-61, Oak Grove, London is the 72nd largest and the 71st most expensive property on the street.
When compared to the postcode district it is £275k less expensive than the average property in NW2.
Flat 7, 59-61, Oak Grove, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 09 Nov 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and underfloor heating.
The closest station to Flat 7, 59-61, Oak Grove, London is Cricklewood station which is 200 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 Flat 7, 59-61, Oak Grove, London, 47.5% of property is privately rented and 33.3% is socially rented.
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 Flat 7, 59-61, Oak Grove, London, 19.9% of residents are recorded as possessing school level qualifications and 36.8% 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 Flat 7, 59-61, Oak Grove, London, the average age was 36.5 and the most common age was 32.
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 Flat 7, 59-61, Oak Grove, London, 0.3% 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 Flat 7, 59-61, Oak Grove, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.