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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
NW2 4LYHouse Prices / London, Brent, Melrose Avenue
Last updated May 2026
Key Postcode Insights
NW2 4LY is a residential postcode situated on Melrose Avenue, London, NW2 with 29 addresses.
It ranks as the 795th largest and 811th most expensive of the 1,217 postcodes in the NW2 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 29 properties: 8 houses and 21 flats.
29
Properties
- Houses
- Flats
Key Postcode Insights
NW2 4LY is a residential postcode situated on Melrose Avenue, London, NW2 with 29 addresses.
It ranks as the 795th largest and 811th most expensive of the 1,217 postcodes in the NW2 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 29 properties: 8 houses and 21 flats.
29
Properties
- Houses
- Flats
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House Pricesin NW2 4LY
Sale prices range from £221,780 for studio leasehold flats (204 ft2) to £1,290,543 for 5 bedroom freehold houses with a garden (2,292 ft2) .
Monthly rental prices range from £1,008 pcm for studio flats to £5,409 pcm for 5 bed houses.
The gross rental yield is between 4.9% and 5.5%.
The average value per square foot is £697.
Average Sale Value
£628,967
Average Rental Value
£2,720 pcm
Average Rental Yield
5.2% /year
Average Value Per Sqft
£697 /ft2
Sales Market Trendsin NW2 4LY
The last sale in NW2 4LY sold for £600,000 on 29th September 2025. Since then prices are down an average of 1.3%.
The current average value in the postcode is £628,967.
The NW2 4LY Sales Market has decreased by 3.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -3.5% | £628,967 |
| April 2025 | -0.4% | £651,598 |
| April 2024 | -1.1% | £654,279 |
| April 2023 | 0.1% | £661,793 |
| April 2022 | 2.7% | £661,157 |
| April 2021 | -0.1% | £643,763 |
| April 2020 | 1.5% | £644,111 |
| April 2019 | -1.7% | £634,511 |
| April 2018 | -1.9% | £645,290 |
| April 2017 | 0.8% | £657,604 |
| April 2016 | 8.5% | £652,425 |
| April 2015 | 5.4% | £601,253 |
| April 2014 | 18.6% | £570,647 |
| April 2013 | 13.7% | £481,109 |
| April 2012 | 3.6% | £423,179 |
| April 2011 | 2.3% | £408,561 |
| April 2010 | 8.7% | £399,311 |
| April 2009 | -11.5% | £367,449 |
| April 2008 | 11% | £415,227 |
| April 2007 | 0% | £373,987 |
Rental Market Trendsin NW2 4LY
The current average rental value in the postcode is £2,720.
The NW2 4LY Rental Market has increased by 34.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4.5% | £2,720pcm |
| April 2025 | -2% | £2,602pcm |
| April 2024 | 6.6% | £2,654pcm |
| April 2023 | 17.6% | £2,491pcm |
| April 2022 | 11.7% | £2,119pcm |
| April 2021 | -5.6% | £1,897pcm |
| April 2020 | 0.5% | £2,009pcm |
| April 2019 | 1.4% | £1,998pcm |
| April 2018 | -0.5% | £1,972pcm |
| April 2017 | -1.9% | £1,982pcm |
| April 2016 | 0.9% | £2,020pcm |
| April 2015 | 5.3% | £2,003pcm |
| April 2014 | 3% | £1,902pcm |
| April 2013 | 1.3% | £1,847pcm |
| April 2012 | 7.4% | £1,823pcm |
| April 2011 | 6.8% | £1,698pcm |
| April 2010 | 6.3% | £1,590pcm |
| April 2009 | -6.4% | £1,496pcm |
| April 2008 | 7.3% | £1,598pcm |
| April 2007 | 0% | £1,489pcm |
Properties and Buildingsin NW2 4LY, Melrose Avenue, London, NW2
- 117, Melrose Avenue, London, NW2Building 3 units
- 119, Melrose Avenue, London, NW2 building 2 units
- 121, Melrose Avenue, London, NW2 building 2 units
- 123, Melrose Avenue, London, NW2 4LY
- 125, Melrose Avenue, London, NW2 4LY
- 127, Melrose Avenue, London, NW2 4LY5 bed period house
- 129, Melrose Avenue, London, NW2 4LY5 bed period house
- 131, Melrose Avenue, London, NW2 building 6 units
- 133, Melrose Avenue, London, NW2Building 2 units
- 135, Melrose Avenue, London, NW2 building 2 units
- 137, Melrose Avenue, London, NW2 4LY5 bed period house
- 139, Melrose Avenue, London, NW2 4LY5 bed period house
- 141, Melrose Avenue, London, NW2Building 4 units
- 143, Melrose Avenue, London, NW2 4LY5 bed house
- 145, Melrose Avenue, London, NW2 4LY
Sales Historyin NW2 4LY
The last sale was on 29th September 2025 for £600,000 and since then the market in the area has decreased by 1.3%. The postcode has had a total of 17 sales since 1995.
NW2 4LY has seen 2 sales in the last three years and 1 sale in the last twelve months.
Sold Sep 2025£600,000 | 3 Bed Flat121, Melrose AvenueFlat A, 121, Melrose Avenue, London, NW2 4LY
Sold Sep 2024£1,410,000 | 5 Bed HouseMelrose Avenue129, Melrose Avenue, London, NW2 4LY
Sold Jun 2022£471,000 | 2 Bed FlatMelrose Avenue133B , Melrose Avenue, London, NW2 4LY
Sold Sep 2016£1,380,000 | 5 Bed HouseMelrose Avenue127, Melrose Avenue, London, NW2 4LY
Sold Apr 2013£432,500 | 3 Bed Flat121, Melrose AvenueFlat A, 121, Melrose Avenue, London, NW2 4LY
Sold Jun 2012£842,000 | 5 Bed HouseMelrose Avenue143, Melrose Avenue, London, NW2 4LY
Sold Jan 2012£770,000 | 5 Bed HouseMelrose Avenue137, Melrose Avenue, London, NW2 4LY
Sold Jun 2011£740,000 | 5 Bed HouseMelrose Avenue129, Melrose Avenue, London, NW2 4LY
Sold Jun 2010£785,000 | 5 Bed HouseMelrose Avenue127, Melrose Avenue, London, NW2 4LY
Sold Feb 2010£378,000 | 3 Bed Flat121, Melrose AvenueFlat A, 121, Melrose Avenue, London, NW2 4LY
Sold May 2009£252,500 | 3 Bed Flat121, Melrose AvenueFlat A, 121, Melrose Avenue, London, NW2 4LY
Sold Aug 2007£162,500 | 1 Bed FlatMelrose Avenue119A , Melrose Avenue, London, NW2 4LY
Sold Aug 2006£640,000 | 5 Bed HouseMelrose Avenue137, Melrose Avenue, London, NW2 4LY
Sold Mar 2001£390,000 | 5 Bed HouseMelrose Avenue127, Melrose Avenue, London, NW2 4LY
Sold Aug 1999£325,000 | 5 Bed HouseMelrose Avenue127, Melrose Avenue, London, NW2 4LY
Sold Nov 1997£185,000 | 5 Bed HouseMelrose Avenue137, Melrose Avenue, London, NW2 4LY
Sold Sep 1996£76,000 | 1 Bed FlatMelrose Avenue119A , Melrose Avenue, London, NW2 4LY
Nearby Postcodesto NW2 4LY
NW2 4LY is the 795th largest and the 811th most expensive postcode out of the 1,217 postcodes in the NW2 area.
- 42 mNW2 4JX, Melrose Avenue, London, NW2NW2 4JX62 Addresses
- 73 mNW2 4PN, Kenneth Crescent, London, NW2NW2 4PN24 Addresses
- 76 mNW2 4AQ, Chanin Mews, London, NW2NW2 4AQ8 Addresses
- 101 mNW2 4LX, Melrose Avenue, London, NW2NW2 4LX20 Addresses
- 105 mNW2 4AR, Henson Avenue, London, NW2NW2 4AR11 Addresses
- 125 mNW2 4PP, Kenneth Crescent, London, NW2NW2 4PP12 Addresses
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Property Typesin NW2 4LY
- 4 period houses built between 1800 and 1911
- 1 house of an unknown age
- 24 other addresses of unknown type
- period house (4)
- house (1)
- Unknown (24)
Energy Efficiencyof properties in NW2 4LY
- Energy Performance Certificate (EPC) surveys conducted for 13 properties.
- The dominant rating is D.
- A (0)
- E (3)
- B (0)
- F (0)
- C (1)
- G (0)
- D (9)
- No EPC (16)
Top 3 Most Expensive Saleson Melrose Avenue
Schools Nearbyto NW2 4LY
The nearest primary school to NW2 4LY is Gladstone Park Primary School which is 348 metres away.
- 348mGladstone Park Primary School
- 495mAnson Primary School
- 570mConvent of Jesus and Mary RC Infant School
The nearest secondary school is Hampstead School which is 1.4 kilometres away.
- 1.4kmHampstead School
- 1.4kmMenorah High School for Girls
- 1.5kmQueens Park Community School
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Public Transport Nearbyto NW2 4LY
The closest station to NW2 4LY is Willesden Green station which is 600 metres away.
- 568mWillesden Green
- 897mDollis Hill
- 1.2kmCricklewood
- 1.6kmNeasden
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