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The Circle, London NW2

London

£570,000
Listed on 27/08/2025

Property Details

Bedrooms
7
Type
Semi-detached house
Area
1740 sqft

Description

This property presents a notable opportunity for investors or those looking to undertake a renovation project in Neasden. Comprising seven bedrooms and three bathrooms, the main house has been utilized as a House in Multiple Occupation (HMO), offering immediate rental income potential with its well-distributed living spaces. The configuration includes six double bedrooms and one single, spread over multiple levels, making it suitable for varied tenant arrangements. The two fully equipped kitchens facilitate communal living, while the strategically placed bathrooms enhance convenience for residents. Off-street parking is available for two vehicles, adding to the practicality of the layout. A private rear garden offers some outdoor space for tenants or future occupants. Importantly, there is significant scope for modernization within the property. Renovating could not only elevate the property's appeal but also increase rental yields or convert the space into a large family home. However, potential buyers should note that recent changes in local regulations require planning permission for any conversions due to Brent Council’s Article 4 direction on HMO licensing. The self-contained annex adds another dimension to this property. Currently tenanted, it features a spacious double bedroom with ample natural light, a modern bathroom, and an open-plan kitchen-living area. This independent unit comes with its own secured entrance and garden area, providing privacy and further rental income opportunities or multigenerational living options. Location is key here; Neasden Station on the Jubilee Line is just a 16-minute walk away, providing direct access to Central London. Excellent bus services are also readily accessible within a five-minute walk. Commuters will appreciate nearby road connections including the A406 North Circular Road and M1 Motorway within easy driving distance. Surrounding amenities include several schools at varying distances—a valuable consideration for families—such as Wykeham Primary School and Menorah High School for Girls within walking distance. In summary, whether you are seeking a strong investment opportunity or aiming to create your ideal family residence with substantial renovation potential, this property offers both immediate value and future possibilities in a well-connected location. Viewings are by appointment only with 24 hours' notice required.

Investment Analysis

(NW2 area)

Below Market Value

This property is priced -48.6% below area average per sq ft

-48.6%
Potential saving
This Property
£328/sq ft
Area Average
£637/sq ft
Avg Rent (weekly)
£500
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£1,219,027
10% above area average per sq ft
Potential ROI
+76.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (NW2)

Area prices are stable by +0.9% over the last 12 months
3 year growth: -7.5%
5 year growth: 2.8%
Investment Disclaimer: Analysis based on NW2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

The Circle, London NW2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,088
Based on a loan of £427,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE