2 Bed Flat, Single Let, West Drayton, UB7 7DL, £250,000

5 Waterford House, West Drayton, Middlesex, UB7 7DL - 10 months ago

Sold STC
Leasehold
BTL
ROI: 8%
~58 m²
+6 photos

ValuationUndervalued

Sold Prices£112.5K - £320K
Sold Prices/m²£2.3K/m² - £5.9K/m²

 

 

Square Metres

~57.51 m²
Price/m²£4.3K/m²

Value Estimate

£267,918
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£71,200

 

 

Cash Out

 

Rent Range

£1,500 - £1,950

Rent Estimate

£1,600

Running Costs/mo

£1,121

Cashflow/mo

£479

Cashflow/yr

£5,745

ROI

8%

Gross Yield

8%

Local Sold Prices

32 sold prices from £112.5K to £320K, average is £275K. £2.3K/m² to £5.9K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£275K02/210 miFlat 27, Waterford House, Thorney Mill Road, West Drayton, Greater London UB7 7DL2
£265K01/230.02 miFlat 20, Waterford House, Thorney Mill Road, West Drayton, Greater London UB7 7DL2
£260K07/210.02 miFlat 3, Waterford House, Thorney Mill Road, West Drayton, Greater London UB7 7DL2
£263K03/210.02 miFlat 7, Waterford House, Thorney Mill Road, West Drayton, Greater London UB7 7DL2
£289K06/210.02 miFlat 2, Waterford House, Thorney Mill Road, West Drayton, Greater London UB7 7DL2
£290K06/210.28 mi63, Wren Drive, West Drayton, Greater London UB7 7NR2
£296K12/200.28 mi51, Wren Drive, West Drayton, Greater London UB7 7NR2
£300K11/230.28 mi45, Wren Drive, West Drayton, Greater London UB7 7NR2
£282K02/210.34 mi25, Wren Drive, West Drayton, Greater London UB7 7NW2
£298K08/230.44 mi77, Swan Road, West Drayton, Greater London UB7 7LA2
£270K03/210.52 mi28, Osprey Close, West Drayton, Greater London UB7 7JE2
£286K06/210.6 mi28a, Drayton Gardens, West Drayton, Greater London UB7 7LG2
£275K03/210.6 mi16a, Drayton Gardens, West Drayton, Greater London UB7 7LG2
£320K12/220.63 mi15, Classon Close, West Drayton, Greater London UB7 7JU2
£305K02/230.66 miFlat 5, Delaford House, Colham Mill Road, West Drayton, Greater London UB7 7AD2
£305K03/210.68 mi185c, Station Road, West Drayton, Greater London UB7 7NQ2
£270K04/210.69 mi95, Wordsworth Way, West Drayton, Greater London UB7 9HY2
£305K03/210.69 mi185c, Station Road, West Drayton, Greater London UB7 7NQ2
£300K04/210.7 mi22, Cherry Orchard, West Drayton, Greater London UB7 7JR2
£265K09/210.74 mi157, Wordsworth Way, West Drayton, Greater London UB7 9HX2
£310K11/200.76 mi22b, Warwick Road, West Drayton, Greater London UB7 9BZ2
£255K11/210.8 miFlat 3, Ashley Court, High Street, Yiewsley, West Drayton, Greater London UB7 7DN2
£265K07/230.8 miFlat 12, Ashley Court, High Street, Yiewsley, West Drayton, Greater London UB7 7DN2
£262K02/210.82 mi24, Padcroft Road, West Drayton, Greater London UB7 7RB2
£313K03/210.85 miFlat 15, Rowlock House, Trout Road, West Drayton, Greater London UB7 7FX2
£265K04/210.87 mi6, Peplow Close, West Drayton, Greater London UB7 7XN2
£251.5K11/210.87 mi138, Admiralty Close, West Drayton, Greater London UB7 9NJ2
£255K01/240.89 mi141, Admiralty Close, West Drayton, Greater London UB7 9NJ2
£275K05/230.89 mi113, Admiralty Close, West Drayton, Greater London UB7 9NJ2
£280K01/230.9 mi106, Admiralty Close, West Drayton, Greater London UB7 9NJ2
£272.2K06/210.9 mi30, Knowles Close, West Drayton, Greater London UB7 8LY2
£112.5K03/230.9 mi14, Knowles Close, Yiewsley, West Drayton, Greater London UB7 8LY2

Local Rents

12 rents from £1.5K/mo to £1.9K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,95004/250.15 mi-2
£1,60011/240.23 mi-2
£1,50010/240.27 miWren Drive, West Drayton2
£1,60010/240.27 miWren Drive, West Drayton2
£1,75003/250.34 mi-2
£1,55012/240.39 mi-2
£1,60010/240.47 mi-2
£1,65003/250.56 mi-2
£1,95004/250.61 mi-2
£1,80002/250.61 mi-2
£1,80003/250.61 mi-2
£1,62504/250.62 mi-2

Local Area Statistics

Population in UB7

29,741

Town centre distance

0.55 miles away

Nearest school

0.30 miles away

Nearest train station

0.77 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+61%

Sales demand

Balanced market

Capital growth (5yrs)

+4%

Property History

Price changed to £250,000

September 27, 2024

Listed for £257,500

May 30, 2024

Floor Plans

Description

  • First Floor Apartment +
  • Two Bedrooms +
  • Living/Dining Room +
  • Fitted Kitchen +
  • En-Suite To Principal Bedroom +
  • Bathroom +
  • Gated Development +
  • No Upper Chain +

A First Floor Two Bedroom Apartment set in an exclusive and sought after riverside development sold with no onward chain - EPC C.

DESCRIPTION
Boasting a favoured riverside location within the 'Waterford House' development built by Durkan Homes and offered for sale with no onward chain. This newly redecorated and re-carpeted first floor two bedroom apartment has well planned accommodation comprising a welcoming entrance hall, spacious living/dining room with opening to the kitchen which is fitted with a comprehensive range of wall and floor cupboard units, principal bedroom with en-suite shower room, further second good sized bedroom and a bathroom.

HEATING & HOT WATER
Mixture of electric night storage and electric panel heaters. Electric immersion heater in hot water cylinder provides the domestic hot water.

COUNCIL TAX BAND
We understand that the current council tax band is D.

OUTSIDE
We understand that the apartment has the right to park a private motor vehicle in a designated parking space.

Communal decked area used as a seating area ideal for the summer months.

Nearby Frays Island and Mabey's Meadow provide the perfect destination for nature walks which start from the grounds of the development.

LOCATION
Bus routes, The Green and the 'Closes Park' are just a short walk. The mainline railway station in West Drayton, which benefits from The Elizabeth Line, is within easy reach. The town centre of Uxbridge, Stockley Business Park, the motorway network and London Heathrow Airport are all within easy motoring distance.

Tenure - We understand that the property is held on a lease term of 125 years from 01/04/1995 (95 years remaining).*

Ground Rent - We understand that there is a ground rent payable currently £300 per annum payable until 1st April 2045. This figure doubles every 25 years thereafter until the end of the lease term.*

Service Charge - We understand the annual service charge payable is approximately £2,081.15. We understand this is reviewed annually.*

* The vendor has provided us with the information included but this has not been verified. Buyers must confirm this via solicitors.

Services - Mains electricity, water and drainage.

Viewings - Strictly by appointment with R Whitley & Co.

Agent Details

R Whitley & Co, West Drayton

01895 542602

Next Steps?

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