2 Bed Bungalow, Refurb/BRRR, Pinner, HA5 4QN, £550,000

Sylvia Avenue, Hatch End, Middlesex, HA5 4QN - a year ago

Sold STC
Refurb/BRRR
ROI: 1%
~63 m²
+1 photos

ValuationOvervalued

Sold Prices£327.6K - £875K
Sold Prices/m²£4K/m² - £11.9K/m²

 

 

Square Metres

~63.10 m²
Price/m²£8.7K/m²

Value Estimate

£391,397

 

 

End Value (After Refurb)

£401,207

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£43,700

Refurb Costs

£33,382

Bridging Loan Interest

£14,438

Total Cash In

£230,769

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£401,207

Mortgage (After Refinance)

£300,905

Mortgage LTV

75%

Cash Left In

£230,769

Equity

£100,302

Rent Range

£1,450 - £3,500

Rent Estimate

£1,893

Running Costs/mo

£1,652

Cashflow/mo

£241

Cashflow/yr

£2,888

ROI

1%

Gross Yield

4%

Local Sold Prices

50 sold prices from £327.6K to £875K, average is £416.3K. £4K/m² to £11.9K/m², average is £6.3K/m².

PriceDateDistanceAddressBeds 
£521K09/230.17 mi42, Derwent Avenue, Pinner, Greater London HA5 4QJ2
£385K12/200.48 mi86, Cherry Hills, Watford, Hertfordshire WD19 6DL2
£352.5K12/200.51 mi10, Cherry Hills, Watford, Hertfordshire WD19 6DH2
£391.8K01/210.52 mi37, Beeton Close, Pinner, Greater London HA5 4NZ2
£575K03/230.56 mi164, Harrow Way, Watford, Hertfordshire WD19 5ER2
£500K06/210.57 mi97, Compton Place, Watford, Hertfordshire WD19 5HQ2
£420.6K07/210.57 mi82, Compton Place, Watford, Hertfordshire WD19 5HQ2
£425K10/200.64 mi143, Harrow Way, Watford, Hertfordshire WD19 5EP2
£540K07/220.67 mi164, St Georges Drive, Watford, Hertfordshire WD19 5HD2
£750K03/230.67 mi152, St Georges Drive, Watford, Hertfordshire WD19 5HD2
£438K05/210.67 mi172, St Georges Drive, Watford, Hertfordshire WD19 5HD2
£440K08/210.67 mi76, St Georges Drive, Watford, Hertfordshire WD19 5HD2
£442.5K12/200.67 mi114, St Georges Drive, Watford, Hertfordshire WD19 5HD2
£495.5K05/220.67 mi162, St Georges Drive, Watford, Hertfordshire WD19 5HD2
£446K06/210.69 mi10, Letchworth Close, Watford, Hertfordshire WD19 6YF2
£405K12/200.73 mi18, Compton Place, Watford, Hertfordshire WD19 5HG2
£470K08/230.73 mi68, Compton Place, Watford, Hertfordshire WD19 5HG2
£395K12/200.74 mi57, Compton Place, Watford, Hertfordshire WD19 5HF2
£425K04/210.74 mi59, Compton Place, Watford, Hertfordshire WD19 5HF2
£875K12/200.75 mi60, St Thomas Drive, Pinner, Greater London HA5 4SS2
£355K05/230.76 mi20, Markeston Green, Watford, Hertfordshire WD19 6LJ2
£440K10/230.78 mi3, Hoylake Gardens, Watford, Hertfordshire WD19 6LQ2
£430K11/210.8 mi176, Prestwick Road, Watford, Hertfordshire WD19 6LE2
£375K12/200.8 mi174, Prestwick Road, South Oxhey, Watford, Hertfordshire WD19 6LE2
£346K02/210.84 mi22, Burnley Close, Watford, Hertfordshire WD19 6YS2
£327.6K12/200.84 mi193, Prestwick Road, South Oxhey, Watford, Hertfordshire WD19 6QE2
£460K12/200.85 mi70, Harrow Way, Watford, Hertfordshire WD19 5ET2
£405K10/200.85 mi66, Harrow Way, Watford, Hertfordshire WD19 5ET2
£410K11/220.85 mi5, Mullion Close, Harrow, Greater London HA3 6PD2
£385K11/210.86 mi74, Muirfield Road, Watford, Hertfordshire WD19 6LN2
£370K08/210.86 mi64, Muirfield Road, Watford, Hertfordshire WD19 6LN2
£385K01/230.87 mi7, St Annes Close, Watford, Hertfordshire WD19 6RZ2
£370K06/210.87 mi13, St Annes Close, Watford, Hertfordshire WD19 6RZ2
£386K08/230.87 mi25, St Annes Close, Watford, Hertfordshire WD19 6RZ2
£430K03/230.88 mi58, Altham Gardens, South Oxhey, Watford, Hertfordshire WD19 6HJ2
£412K03/210.88 mi67, Harrow Way, Watford, Hertfordshire WD19 5EH2
£491K07/230.88 mi89, Harrow Way, Watford, Hertfordshire WD19 5EH2
£487K03/230.88 mi67, Harrow Way, Watford, Hertfordshire WD19 5EH2
£400K10/200.88 mi49, Harrow Way, Watford, Hertfordshire WD19 5EH2
£460K05/210.88 mi71, Harrow Way, Watford, Hertfordshire WD19 5EH2
£440K04/210.9 mi51, St Georges Drive, Watford, Hertfordshire WD19 5HA2
£388K09/210.9 mi33, Mary Way, South Oxhey, Watford, Hertfordshire WD19 6HN2
£335K06/210.9 mi35, Ashridge Drive, Watford, Hertfordshire WD19 6TJ2
£355K03/210.9 mi15, Furze Close, Watford, Hertfordshire WD19 6HG2
£360.5K04/210.91 mi33, Redwood Close, South Oxhey, Watford, Hertfordshire WD19 6HQ2
£460K12/200.93 mi20, St Georges Drive, Watford, Hertfordshire WD19 5HB2
£427.5K01/230.93 mi11, Hindhead Green, Watford, Hertfordshire WD19 6TR2
£375K12/230.95 mi79, Foxleys, Carpenders Park, Watford, Hertfordshire WD19 5DE2
£362K11/200.97 mi14, Bowring Green, South Oxhey, Watford, Hertfordshire WD19 6UN2
£385K09/230.98 mi11, St Martins Close, Watford, Hertfordshire WD19 6NJ2

Local Rents

20 rents from £1.4K/mo to £3.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,75012/240.21 mi-2
£1,95003/250.3 mi-2
£3,50004/240.32 miRoyston Park Road2
£1,65002/240.33 mi-2
£1,65012/240.4 mi-2
£1,57504/240.41 miHatch End, Pinner, Middlesex, HA52
£1,80004/240.41 miTilbury Close, Pinner2
£1,65003/250.41 mi-2
£1,62503/250.42 mi-2
£1,45004/240.43 miUxbridge Road, Hatch End2
£2,50003/250.5 mi-2
£2,50003/250.5 mi-2
£1,85004/240.5 mi-2
£1,80003/240.5 miTruro House, Cornwall Road2
£2,00003/250.51 mi-2
£1,62504/240.52 miLonsdale Close2
£1,75010/240.57 mi-2
£2,00010/240.57 mi-2
£1,90011/240.57 mi-2
£1,95004/250.57 mi-2

Local Area Statistics

Population in HA5

44,534

Town centre distance

1.22 miles away

Nearest school

0.10 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+26%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Listed for £550,000

March 12, 2024

Floor Plans

Description

  • Catchment Area of Grimsdyke School (Ofsted Outstanding) +
  • Semi Detached Bungalow +
  • Two Bedrooms +
  • Living Room +
  • Kitchen +
  • Bathroom/WC +
  • Approximate 75ft Rear Garden +
  • Garage Own Drive with Off Street Parking for Two Cars +
  • Requires Modernisation +
  • Chain Free With Vacant Possession +

In need of modernisation is this two bedroom semi detached bungalow (672 sq.ft/62.4 sq.m)  which is located on a quiet residential turning within the school catchment area of Grimsdyke School (Ofsted Outstanding and within easy reach of Hatch End Broadway with its array of shops, restaurants, coffee house, Morrisons Supermarket and Hatch End Overground Train Station.  The accommodation comprises of own front leading to an entrance hall, lounge, two bedrooms, kitchen and bathroom/WC.  Outside there is a garage own drive with off street parking for two cars and an approximately 70ft rear garden.  The property benefits from being sold chain free and the potential to update to any purchasers exacting standards.

Agent Details

David Charles, Pinner

020 3866 6789

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.