2 Bed Flat, Single Let, Southall, UB1 2RQ, £350,000

Lady Margaret Road, Southall, UB1 2RQ - 5 views - a year ago

Leasehold

BTL

ROI: 2%

~68 m²

+2 photos

ValuationOvervalued

Sold Prices	£195K - £467.5K
Sold Prices/m²	£2.9K/m² - £6.4K/m²

Square Metres	~68.11 m²
Price/m²	£5.1K/m²
Value Estimate	£324,338£324,338

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£17,900£17,900
Total Cash In	£105,400£105,400

Cash Out
Rent Range	£1,600 - £2,800£1,600 - £2,800
Rent Estimate	£1,700
Running Costs/mo	£1,454£1,454
Cashflow/mo	£246£246
Cashflow/yr	£2,955£2,955
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

30 sold prices from £195K to £467.5K, average is £291K. £2.9K/m² to £6.4K/m², average is £4.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£350K	12/20	0.2 mi	174, North Road, Southall, Greater London UB1 2JX	-	-	2	Flat
£320K	03/23	0.27 mi	46, Mount Avenue, Southall, Greater London UB1 2LH	£4,324	74	2	Flat
£275K	02/21	0.31 mi	Flat 9, St. Crispins Court, St Crispins Close, Southall, Greater London UB1 2UT	-	-	2	Flat
£357K	03/23	0.33 mi	202, Lady Margaret Road, Southall, Greater London UB1 2RU	£5,302	67	2	Flat
£467.5K	06/21	0.35 mi	4, Boyd Avenue, Southall, Greater London UB1 3BT	-	-	2	Flat
£292K	05/23	0.36 mi	12a, Melrose Drive, Southall, Greater London UB1 3QA	-	-	2	Flat
£280K	10/21	0.42 mi	11, Addison Place, Southall, Greater London UB1 3QX	-	-	2	Flat
£300K	09/22	0.45 mi	11, Atherton Place, Southall, Greater London UB1 3QT	£4,762	63	2	Flat
£195K	06/21	0.45 mi	9, Mark Close, Southall, Greater London UB1 3QJ	£3,421	57	2	Flat
£220K	02/23	0.49 mi	173, Berwick Avenue, Hayes, Greater London UB4 0NJ	-	-	2	Flat
£287K	11/21	0.56 mi	38a, Livingstone Road, Southall, Greater London UB1 1PQ	£5,519	52	2	Flat
£270K	11/20	0.56 mi	47, Livingstone Road, Southall, Greater London UB1 1PQ	£6,429	42	2	Flat
£220K	10/22	0.57 mi	54, Wallis Road, Southall, Greater London UB1 3LA	£4,490	49	2	Flat
£280K	08/23	0.58 mi	11, Whittle Close, Southall, Greater London UB1 3JU	£3,957	71	2	Flat
£250K	10/21	0.59 mi	16, Swan Road, Southall, Greater London UB1 3JT	£2,874	87	2	Flat
£330K	10/22	0.72 mi	7, Barbican Road, Greenford, Greater London UB6 9DH	£5,156	64	2	Flat
£286K	08/23	0.73 mi	58, Barbican Road, Greenford, Greater London UB6 9DH	£5,651	51	2	Flat
£265K	04/21	0.73 mi	13, Barbican Road, Greenford, Greater London UB6 9DH	£4,417	60	2	Flat
£279K	06/23	0.85 mi	53, Acer Avenue, Hayes, Greater London UB4 9NP	£4,650	60	2	Flat
£256K	02/23	0.91 mi	23a, Portland Road, Southall, Greater London UB2 4BX	-	-	2	Flat
£268K	06/23	0.91 mi	20, Greenford Road, Greenford, Greater London UB6 9AT	-	-	2	Flat
£463K	08/22	0.92 mi	167, Westbury Avenue, Southall, Greater London UB1 2XB	-	-	2	Flat
£289.9K	11/22	0.93 mi	28, Cubitt Square, Southall, Greater London UB2 4UA	£6,443	45	2	Flat
£350K	03/21	0.93 mi	2b, Portland Crescent, Greenford, Greater London UB6 9EU	-	-	2	Flat
£427K	04/21	0.94 mi	Flat 5, Chaucer House, Hilda Road, Southall, Greater London UB2 4FN	£4,106	104	2	Flat
£350K	11/23	0.97 mi	71, Braund Avenue, Greenford, Greater London UB6 9JJ	£6,038	58	2	Flat
£295K	08/21	0.97 mi	Apartment 255, Welford House, Waxlow Way, Northolt, Greater London UB5 6FW	-	-	2	Flat
£297K	07/23	0.97 mi	Apartment 245, Welford House, Waxlow Way, Northolt, Greater London UB5 6FW	£4,790	62	2	Flat
£295K	06/21	0.97 mi	Apartment 217, Welford House, Waxlow Way, Northolt, Greater London UB5 6FW	-	-	2	Flat
£310K	03/23	1 mi	41, Helmsdale Close, Hayes, Greater London UB4 9QS	£4,697	66	2	Flat

Local Rents

16 rents from £1.6K/mo to £2.8K/mo, average is £2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,100	02/25	0.3 mi	-	2	Flat
£2,100	02/25	0.3 mi	-	2	Flat
£2,100	02/25	0.3 mi	-	2	Flat
£1,900	03/25	0.34 mi	-	2	Flat
£1,800	01/25	0.34 mi	-	2	Flat
£1,800	01/25	0.35 mi	-	2	Flat
£1,700	10/24	0.35 mi	-	2	Flat
£2,100	03/25	0.45 mi	-	2	Flat
£1,800	12/24	0.48 mi	-	2	Flat
£1,600	10/24	0.49 mi	Berwick Avenue,Hayes,UB4	2	Flat
£1,600	12/24	0.52 mi	-	2	Flat
£2,000	10/24	0.52 mi	-	2	Flat
£2,800	11/24	0.57 mi	-	2	Flat
£2,800	11/24	0.57 mi	-	2	Flat
£2,800	01/25	0.57 mi	-	2	Flat
£2,200	11/24	0.6 mi	-	2	Flat

Local Area Statistics

Population in UB1	39,84839,848
Population in Southall	72,27372,273
Town centre distance	0.29 miles away0.29 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.66 miles away0.66 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+23%+23%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+27%+27%

Property History

Price changed to £350,000

December 4, 2024

Listed for £365,000

March 2, 2024

Floor Plans

Description

Garage +
900+ Years Lease +
Marble Flooring +
Steam Room +
Walking Distance To Southall Broadway +
Off Street Parking +

Brian Cox and Company are delighted to bring to the market this stunning two double bedroom apartment. The property is immaculate throughout and consists of a large reception room, two double bedrooms, Kitchen and a family bathroom with a steam room built in. Further benefits include double glazing, ample storage, and a Juliet balcony. Viewings are highly recommended to really appreciate what this amazing apartment has to offer so call now to avoid disappointment!!!

Agent Details

Brian Cox, Northolt

020 3909 6488

Next Steps?

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

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ValuationOvervalued

CashflowsOpen in Analyser

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Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents