2 Bed Flat, Cash/Bridging Only, Harrow, HA1 1JU, £325,000

Rama Apartments, 17 St Anns Road, Harrow, Middlesex, HA1 1JU - 12 views - a year ago

Leasehold
Cash
ROI: 5%
~59 m²
+2 photos

ValuationFair Value

Sold Prices£82K - £530K
Sold Prices/m²£1.4K/m² - £8.9K/m²

 

 

Square Metres

~59 m²
Price/m²£5.5K/m²

Value Estimate

£325,000

 

 

End Value (After Refurb)

£338,090

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£31,254

Bridging Loan Interest

£8,531

Total Cash In

£137,485

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£338,090

Mortgage (After Refinance)

£253,567

Mortgage LTV

75%

Cash Released

£9,817

Cash Left In

£127,668

Equity

£84,522

Rent Range

£1,550 - £4,333

Rent Estimate

£2,075

Running Costs/mo

£1,492

Cashflow/mo

£583

Cashflow/yr

£7,002

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £82K to £530K, average is £347.5K. £1.4K/m² to £8.9K/m², average is £5.8K/m².

PriceDateDistanceAddressBeds 
£375K01/210.13 mi54, Welldon Crescent, Harrow, Greater London HA1 1QR2
£396K06/230.15 miGround Floor Flat, 39, Welldon Crescent, Harrow, Greater London HA1 1QP2
£375K12/220.15 mi29, Welldon Crescent, Harrow, Greater London HA1 1QP2
£400K05/210.21 mi54, Lowlands Road, Harrow, Greater London HA1 3AN2
£414K01/230.23 miGround Floor Flat, 12, Oakley Road, Harrow, Greater London HA1 1QB2
£530K06/230.27 miFlat 7, Appin Court, Roxborough Park, Harrow, Greater London HA1 3BJ2
£415K11/220.29 mi1, Kenton Avenue, Harrow, Greater London HA1 2BN2
£330K03/210.31 miFlat 11, Lime Court, Gayton Road, Harrow, Greater London HA1 2YD2
£350K02/230.33 miFlat 10, Brandan House, Sovereign Place, Harrow, Greater London HA1 2FN2
£329K06/210.33 mi62d, Warrington Road, Harrow, Greater London HA1 1SY2
£475K03/210.36 mi70, Nibthwaite Road, Harrow, Greater London HA1 1TG2
£400K06/210.36 mi23, Hamilton Road, Harrow, Greater London HA1 1SX2
£338K08/230.37 miGround Floor Maisonette, 25, Harrow View, Harrow, Greater London HA1 1RE2
£370K12/200.38 mi42, Vaughan Road, Harrow, Greater London HA1 4EE2
£375K04/210.38 mi120a, Hindes Road, Harrow, Greater London HA1 1RR2
£361K01/240.39 mi27a, Vaughan Road, Harrow, Greater London HA1 4DP2
£350K01/210.41 mi33, Butler Avenue, Harrow, Greater London HA1 4EJ2
£345K12/220.42 mi21, Duffield Close, Harrow, Greater London HA1 2LG2
£355K06/230.42 mi20, Duffield Close, Harrow, Greater London HA1 2LG2
£352.5K02/210.44 miFlat 11, Leaf House, Catherine Place, Harrow, Greater London HA1 2JW2
£302K03/230.44 mi32, Glenwood Close, Harrow, Greater London HA1 2QL2
£315K01/210.45 mi2, Glenwood Close, Harrow, Greater London HA1 2QL2
£300K10/210.45 mi29, Glenwood Close, Harrow, Greater London HA1 2QN2
£420K02/210.46 mi78, Radnor Road, Harrow, Greater London HA1 1SA2
£330K02/210.46 mi25b, Radnor Avenue, Harrow, Greater London HA1 1SB2
£368K12/200.46 mi10a, Radnor Avenue, Harrow, Greater London HA1 1SB2
£407K12/220.47 mi73a, Harrow View, Harrow, Greater London HA1 1RF2
£280K03/210.47 miLower Maisonette, 10, Harrow View, Harrow, Greater London HA1 1RG2
£255K02/210.48 mi49, Elmgrove Crescent, Harrow, Greater London HA1 2QT2
£300K11/210.48 mi87a, Bessborough Road, Harrow, Greater London HA1 3DB2
£355K02/210.49 mi29a, Salisbury Road, Harrow, Greater London HA1 1NU2
£336K09/230.49 mi111, Rosslyn Crescent, Harrow, Greater London HA1 2RY2
£280K11/200.5 mi11, Thurlby Close, Harrow, Greater London HA1 2LZ2
£335K03/230.51 mi79, Elmgrove Road, Harrow, Greater London HA1 2QW2
£331.8K04/230.52 mi9, Devonshire Road, Harrow, Greater London HA1 4LP2
£341.5K08/230.54 mi33a, Frognal Avenue, Harrow, Greater London HA1 2SG2
£387K05/210.55 mi43a, Beresford Road, Harrow, Greater London HA1 4QR2
£387K05/210.55 mi43a, Beresford Road, Harrow, Greater London HA1 4QR2
£334.6K04/230.55 mi75a, Butler Road, Harrow, Greater London HA1 4DS2
£387.5K10/230.55 mi39, Butler Road, Harrow, Greater London HA1 4DS2
£325K10/210.55 mi84, Harrow View, Harrow, Greater London HA1 4TE2
£125K12/220.57 mi25, Farmborough Close, Harrow, Greater London HA1 3YG2
£82K09/210.57 mi10, Farmborough Close, Harrow, Greater London HA1 3YG2
£308K10/200.58 mi133a, Pinner Road, Harrow, Greater London HA1 4EU2
£370K06/210.59 mi41, Ranmoor Close, Harrow, Greater London HA1 1UH2
£315K06/210.6 mi10, Rusland Heights, Harrow, Greater London HA1 1UU2
£200K06/210.61 mi157a, Pinner Road, Harrow, Greater London HA1 4EU2
£445.9K02/230.66 mi47a, Longley Road, Harrow, Greater London HA1 4TG2
£317.5K02/210.68 mi64a, Longley Road, Harrow, Greater London HA1 4TH2
£330K02/230.71 mi11, Lance Road, Harrow, Greater London HA1 4BL2

Local Rents

50 rents from £1.6K/mo to £4.3K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£1,90004/250.06 mi-2
£2,10004/250.08 mi-2
£2,40004/250.09 mi-2
£1,75004/240.1 miStation Road, Harrow, HA12
£1,85004/240.1 miStation Road, Harrow, HA12
£1,92404/240.11 miCollege Road Harrow HA12
£2,02804/240.11 miCollege Road Harrow HA12
£1,89504/240.11 miBronze Apartment, Station Road, Harrow, HA12
£2,20004/250.12 mi-2
£2,50012/240.12 mi-2
£2,39802/250.12 mi-2
£1,85004/240.12 miGreenhill Way, Harrow, HA12
£1,85012/240.12 mi-2
£2,15004/240.12 miHarrow on the hill, HA12
£2,15004/240.12 miHarrow on the hill, HA12
£2,15002/240.13 miHarrow Square, Harrow, HA12
£2,40004/240.13 miPerceval Square, Harrow, HA12
£1,85004/240.13 miPlatinum House, Lyon Road, Harrow, Greater London, HA12
£1,55004/250.14 mi-2
£1,60004/240.14 mi-2
£1,55004/250.14 mi-2
£1,85004/250.14 mi-2
£1,65004/240.15 miPlatinum House Lyon Road, Harrow2
£1,85004/240.15 miPlatinum House, Lyon Road, Harrow2
£2,15004/240.15 mi-2
£1,75004/250.15 mi-2
£1,70004/240.15 miPlatinum House Lyon Road, Harrow, Middlesex, HA1 2EX2
£1,59512/240.15 mi-2
£1,65002/250.15 mi-2
£2,10003/250.15 mi-2
£1,55004/240.15 miLyon Road, Harrow2
£2,50002/240.16 mi-2
£2,30003/240.16 miLyon Road, Harrow, HA12
£2,20004/250.17 mi-2
£1,75006/210.17 miFairholme Road, Harrow2
£2,23204/240.18 miBellow House, Gayton Road, Harrow2
£2,15004/240.19 miLyon Road, HA12
£1,89504/240.19 miBaldwin House, 2 Gayton Road, Harrow, HA12
£2,30004/240.19 miCurtis Court, Lyon Road, Harrow, HA12
£2,00004/240.2 miGayton Road, Harrow, HA12
£2,40004/250.2 mi-2
£2,10002/240.2 miBaldwin House, Gayton Road, Harrow2
£4,33303/250.2 mi-2
£2,00003/250.2 mi-2
£2,10004/240.2 miBryon Court, Harrow, HA12
£1,75004/240.2 mi-2
£2,40004/240.21 mi-2
£2,20004/240.21 miHarrow HA12
£2,15004/240.21 miBellow House, Harrow On The Hill, HA12
£2,25604/240.21 miHeadstone Road, Harrow-on-the-Hill, Middlesex, HA12

Local Area Statistics

Population in HA1

38,441

Population in Harrow

164,559

Town centre distance

0.36 miles away

Nearest school

0.20 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Buyer's market

Capital growth (5yrs)

+22%

Property History

Listed for £325,000

December 2, 2023

Floor Plans

Description

  • RENTAL INVESTMENT +
  • 134 YEAR LEASE +
  • TWO DOUBLE BEDROOMS +
  • FULL LENGTH WINDOWS +
  • LIFTS TO ALL FLOORS +
  • VIDEO ENTRY SYSTEM +
  • EXCELLENT LOCATION +
  • WALKING DISTANCE TO STATION +
  • UNDER FLOOR HEATING +
  • 59 m2 +

CASH BUYERS ONLY

Rama Apartments is situated in the heart of Harrow town centre with its thriving bars, restaurants, shops and of course Harrow on the Hill station, all on your doorstep.

The development has a secure entrance with lifts to all floors whilst the flat offers underfloor heating, internal air filtration system, video entry, as well as excellent fittings throughout.

The flat is offered chain free and has an unexpired lease term of 132 years. This is a fantastic purchase or rental investment.

Agent Details

Ellis & Co, Stanmore

020 3866 7990

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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