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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
16, Gay Close is recorded publicly as a mid-century leasehold apartment across 925 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of 16, Gay Close is £542,195 and its rental estimate is £2,662 per month, given the available information and assuming reasonable condition.
Gay Close, London, NW2 falls within the NW2 postal district, in the borough of Brent.
16, Gay Close has 3 entries in the Land Registry , most recently in August 2023 and a single entry in the EPC database dated July 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 16, Gay Close, we estimate a market value of £569,305 and a rental value of £2,795 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £504,242 and £2,476 per month respectively.
Over the last year, 16, Gay Close has seen its estimated sale value fall by £24,533 (4.5%) and its estimated rental value move up by £102 per month (3.8%). This results in an estimated gross rental yield of 5.9%.
16, Gay Close has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 31 Jul 2015.
The property is connected to mains gas and has partial double glazing. It is heated using Boiler and radiators, mains gas.
The most recent sale of 16, Gay Close completed on 18th August 2023 at £620,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
Values of comparable properties have dropped by 15.4% over the period since August 2023.
Over the past 2 years 3 properties similar to 16, Gay Close have sold within a radius of 390 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 2nd August 2024, was 2, Gay Close, London, NW2 4PR, a leasehold flat which sold for £625,000.
Read more about house prices in NW2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Over the past 2 years our Estate Agent network has recorded 1 let within 390 metres of 16, Gay Close.
The latest, in December 2023, was 7B , James Avenue, London, NW2 4AJ, a leasehold flat let by Collinson Hall.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 24 addresses on Gay Close, London, NW2, 16, Gay Close comes out as the 13th largest and the 13th most expensive in our analysis of the public data.
It is also £23k less expensive than the average property across the NW2 district.
From 16, Gay Close, the nearest station is Willesden Green, 700 metres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
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The recent census recorded whether a resident owned or rented their home.
In the area around 16, Gay Close, 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 16, Gay Close, 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 16, Gay Close, 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 16, Gay Close, 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 16, Gay Close, 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.
