Sold STC Flat

25 MILLWAY

LONDON, GREATER LONDON NW7 3QR

2 beds 1 baths 710 sq ft Listed 20 Jun 2025 (-407d)

£450,000

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# 2 bedroom flat for sale (NW7 3QR)

## Property Details

| Key | Value |
|-----|-------|
| Address | 25 MILLWAY, LONDON, GREATER LONDON NW7 3QR |
| Price | £450,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Construction age | England and Wales: 1930-1949 |
| Floor area | 66 m² |
| Last sold | £435,000 Dec 2025 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** C
- **Expiry date:** 21/04/2035
- **Current heating cost:** £601/year
- **Est. upgrade cost to C:** £14,000

### Recommendations
- Q (£4,000 - £14,000)
- W2 (£4,000 - £6,000)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/6335-5524-9400-0312-9222)

## Description

SHARE OF FREEHOLD Recently decorated spacious 2 double bedroom  ground floor private garden flat.

Located just a stone’s throw from Mill Hill Broadway, this  generously sized flat  offers an excellent opportunity for first-time buyers or investors. The bright, and airy fully equipped  kitchen is separate to a large living room which flows directly to a large private garden, perfect for relaxation or entertaining.

The flat features a spacious main bedroom, a further double bedroom and a family bathroom. With  private off street parking and  being chain-free, this property provides both convenience and comfort. Mill Hill Broadway’s shops, cafes, and transport links are just a short walk away, making this an ideal location. Sole Agent. CHAIN FREE!

## Property Photos

- ![d8807e79-1afd-4857-ad8c-f5081cebf461.jpg](/listings/photos/163602374/867896) - d8807e79-1afd-4857-ad8c-f5081cebf461.jpg
- ![25 Millway Dining .jpeg](/listings/photos/163602374/867899) - 25 Millway Dining .jpeg
- ![869763c4-e715-4b3a-9ef5-c9603b71d54b.jpg](/listings/photos/163602374/867900) - 869763c4-e715-4b3a-9ef5-c9603b71d54b.jpg
- ![25 m bed.jpeg](/listings/photos/163602374/867904) - 25 m bed.jpeg
- ![25 m lounge .jpeg](/listings/photos/163602374/867915) - 25 m lounge .jpeg
- ![e74251e7-b2c1-4893-89b6-db312e152546.jpg](/listings/photos/163602374/867919) - e74251e7-b2c1-4893-89b6-db312e152546.jpg
- ![25m fo.jpeg](/listings/photos/163602374/867923) - 25m fo.jpeg
- ![bedroom .jpeg](/listings/photos/163602374/867926) - bedroom .jpeg
- ![df89feb3-3832-4392-8045-a789da0dbdc5.jpg](/listings/photos/163602374/867929) - df89feb3-3832-4392-8045-a789da0dbdc5.jpg
- ![garden .jpeg](/listings/photos/163602374/867933) - garden .jpeg

## Floorplans

- ![-684afac128e5e-1310151.jpg](/listings/photos/163602374/867936) - -684afac128e5e-1310151.jpg

## EPC Graphs

- ![EE Rating](/listings/photos/163602374/867939) - EE Rating

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 25 MILLWAY, LONDON, BARNET, GREATER LONDON, NW7 3QR | £435,000 | 22/12/2025 | Semi-detached |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| BROADWAY HOUSE FLAT 3A THE BROADWAY, LONDON, BARNET, GREATER LONDON, NW7 3LJ | £240,000 | 01/12/2023 | Flat |
| 26A HALE GROVE GARDENS, LONDON, BARNET, GREATER LONDON, NW7 3LP | £200,000 | 26/07/2023 | Flat |
| [Same street] 19 MILLWAY, LONDON, BARNET, GREATER LONDON, NW7 3QR | £750,000 | 22/06/2023 | Semi-detached |
| [Same street] 47 MILLWAY, LONDON, BARNET, GREATER LONDON, NW7 3QR | £60,000 | 07/07/2022 | Other |
| WAVERTREE COURT, 66B FLAT 1 THE BROADWAY, LONDON, BARNET, GREATER LONDON, NW7 3TE | £390,000 | 07/07/2022 | Flat |
| [Same street] 5 FLAT 2 MILLWAY, LONDON, BARNET, GREATER LONDON, NW7 3QR | £420,000 | 10/06/2022 | Flat |
| 22A LANGLEY PARK, LONDON, BARNET, GREATER LONDON, NW7 2AA | £120,000 | 01/04/2022 | Flat |
| WAVERTREE COURT, 66B FLAT 2 THE BROADWAY, LONDON, BARNET, GREATER LONDON, NW7 3TE | £445,000 | 09/02/2022 | Flat |
| [Same street] 3 MILLWAY, LONDON, BARNET, GREATER LONDON, NW7 3QR | £770,000 | 12/01/2022 | Semi-detached |
| 25C THE BROADWAY, LONDON, BARNET, GREATER LONDON, NW7 3DA | £205,000 | 07/01/2022 | Flat |
| [Same street] 1 FLAT B MILLWAY, LONDON, BARNET, GREATER LONDON, NW7 3QR | £448,000 | 29/09/2021 | Flat |
| 15A BROCKENHURST GARDENS, LONDON, BARNET, GREATER LONDON, NW7 2JY | £385,000 | 13/08/2021 | Flat |

**Street average:** £489,600 (5 sales)
**Area average:** £283,571 (7 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £447,242 (31 Flat, NW7, 2024–2026)
- **Deviation:** +0.6%

## Rental Range

*ONS Price Index of Private Rents (Barnet). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,745/mo
- **Realistic:** £1,939/mo
- **Optimistic:** £2,133/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Outer North London (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £1,396/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, Marchant Close, NW7 | £1,750/mo | 2 | 0.24 miles | OpenRent |

**Average rent: £1,750/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.39% (weak for cashflow)
- **Max investor price (0.8%):** £218,750
- **Target investor price (1%):** £175,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,750/mo).*

- **Gross yield:** 4.7%
- **Cost-to-rent:** 21.4×
- **Monthly cashflow:** £-222/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -2%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £6,818/m²

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -5.6%
- **10y growth:** -7.2%

## House Price Index (HM Land Registry)

*Official index for Barnet; Flats and maisonettes series; as of April 2026.*

- **1y growth (index):** -5.6%
- **5y growth (index):** -3.4%
- **10y growth (index):** -0.8%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

d8807e79-1afd-4857-ad8c-f5081cebf461.jpg 25 Millway Dining .jpeg 869763c4-e715-4b3a-9ef5-c9603b71d54b.jpg 25 m bed.jpeg 25 m lounge .jpeg e74251e7-b2c1-4893-89b6-db312e152546.jpg 25m fo.jpeg bedroom .jpeg df89feb3-3832-4392-8045-a789da0dbdc5.jpg garden .jpeg

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Property details

Tenure

FREEHOLD

Floor area

66 m²

EPC rating

Year built

England and Wales: 1930-1949

Last sold

£435,000 Dec 2025

Price per m²

£6,818/m²

Local average

£447,242 (+0.6%)

Deprivation

Decile 4 (12,189 of 33,755)

Street crime

249 incidents within 1 mile (May 2026)

Key features

SHARE OF FREEHOLD
NO SERVICE CHARGE
RECENTLY RENOVATED
TWO DOUBLE BEDROOM
PRIVATE GARDEN
WALKING DISTANCE TO MILL HILL BROADWAY
CHAIN FREE
OFF STREET PARKING

Additional details

Parking: Yes
Garden: Yes

Description

SHARE OF FREEHOLD Recently decorated spacious 2 double bedroom ground floor private garden flat.

Located just a stone’s throw from Mill Hill Broadway, this generously sized flat offers an excellent opportunity for first-time buyers or investors. The bright, and airy fully equipped kitchen is separate to a large living room which flows directly to a large private garden, perfect for relaxation or entertaining.

The flat features a spacious main bedroom, a further double bedroom and a family bathroom. With private off street parking and being chain-free, this property provides both convenience and comfort. Mill Hill Broadway’s shops, cafes, and transport links are just a short walk away, making this an ideal location. Sole Agent. CHAIN FREE!

Listed by

Mill Hill

Cosway Estates

Reference: 163602374

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: C

Inspection date: 22/04/2025

Expiry date: 21/04/2035

Current heating cost: £601/year

Potential heating cost: £400/year

Est. upgrade cost to C: £14,000

Recommendations

50 mm internal or external wall insulation (£4,000 - £14,000)
Floor insulation (solid floor) (£4,000 - £6,000)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

-684afac128e5e-1310151.jpg

EPC Graphs

EE Rating

Price history

Event	Date	Price	% change
Sold	22/12/2025 (7 months ago)	£435,000	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
BROADWAY HOUSE FLAT 3A THE BROADWAY, LONDON, BARNET, GREATER LONDON, NW7 3LJ	£240,000	01/12/2023	Flat
26A HALE GROVE GARDENS, LONDON, BARNET, GREATER LONDON, NW7 3LP	£200,000	26/07/2023	Flat
Same street 19 MILLWAY, LONDON, BARNET, GREATER LONDON, NW7 3QR	£750,000	22/06/2023	Semi-detached
Same street 47 MILLWAY, LONDON, BARNET, GREATER LONDON, NW7 3QR	£60,000	07/07/2022	Other
WAVERTREE COURT, 66B FLAT 1 THE BROADWAY, LONDON, BARNET, GREATER LONDON, NW7 3TE	£390,000	07/07/2022	Flat
Same street 5 FLAT 2 MILLWAY, LONDON, BARNET, GREATER LONDON, NW7 3QR	£420,000	10/06/2022	Flat
22A LANGLEY PARK, LONDON, BARNET, GREATER LONDON, NW7 2AA	£120,000	01/04/2022	Flat
WAVERTREE COURT, 66B FLAT 2 THE BROADWAY, LONDON, BARNET, GREATER LONDON, NW7 3TE	£445,000	09/02/2022	Flat
Same street 3 MILLWAY, LONDON, BARNET, GREATER LONDON, NW7 3QR	£770,000	12/01/2022	Semi-detached
25C THE BROADWAY, LONDON, BARNET, GREATER LONDON, NW7 3DA	£205,000	07/01/2022	Flat
Same street 1 FLAT B MILLWAY, LONDON, BARNET, GREATER LONDON, NW7 3QR	£448,000	29/09/2021	Flat
15A BROCKENHURST GARDENS, LONDON, BARNET, GREATER LONDON, NW7 2JY	£385,000	13/08/2021	Flat

Street average: £489,600 (5 sales)

Area average: £283,571 (7 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -5.6%

10y growth -7.2%

House Price Index (HM Land Registry — official index, not sold-price averages): Barnet. Series: Flats and maisonettes. As of April 2026.

1y (index) -5.6%

5y (index) -3.4%

10y (index) -0.8%

Company ownership

Registered legal owner is a company.

Company-owned (UK company)

Company: 25 MILLWAY LIMITED (6153076)

Rental Range

Estimated market rent for Barnet. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,745/mo

Realistic £1,939/mo

Optimistic £2,133/mo

Based on Local Authority from postcode lookup → Barnet.

LHA (30th percentile) floor for Outer North London: £1,396/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View NW7 3QR

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Shop	M&S Simply Food	0.1 miles
Shop	Liaison Hair & Beauty	0.1 miles
Bus stop	Mill Hill Broadway Station	0.1 miles
Bus stop	Hale Grove Gardens	0.1 miles
Train station	Mill Hill Broadway	0.2 miles
Train station	Burnt Oak	1.1 miles
University	Middlesex University	1.4 miles
University	Flood Hazard Research Centre	1.4 miles
Hospital	Priory Hospital	5.8 miles
Hospital	North London Hospice Winchmore Hill	6.8 miles

Street-level crime

Category	Count
Violence and sexual offences	75
Anti-social behaviour	67
Other theft	25
Burglary	19
Vehicle crime	14
Public order	12
Drugs	10
Shoplifting	8
Robbery	7
Theft from the person	5
Other crime	4
Possession of weapons	3
Total incidents	249

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
St Martin's School	Other	0.1 miles	Good — 27 Feb 2020
Mathilda Marks-Kennedy Jewish Primary School	Primary	0.2 miles	Good — 30 Jan 2022
The Annunciation RC Junior School	Primary	0.4 miles	Outstanding — 30 Nov 2023
Etz Chaim Jewish Primary School	Primary	0.5 miles	Good — 11 Apr 2024
Woodcroft Primary School	Primary	0.5 miles	Good — 7 Jan 2015

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title	Rent	Beds	Distance	As seen on
2 Bed Flat, Marchant Close, NW7	£1,750/mo	2	0.24 miles	OpenRent

Average rent: £1,750/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

This street 10.0% gross yield avg £480,500 sale, £4,000/mo rent

Rent ratio 0.39%

Max investor price (0.8%) £218,750

Target investor price (1%) £175,000

Gross yield 4.7%

Cost-to-rent ratio 21.4×

Monthly cashflow £-222/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI -2%

This street — Gross yield for this street only (Land Registry sales + rental comparables, same postcode + street).
Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).

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