7 Bed HMO, Southall, UB1 2HT, £800,000

Allenby Road, Southall, Ealing, UB1 2HT - 7 views - 10 months ago

Auction
HMO
ROI: 6%
~217 m²
+20 photos

ValuationUndervalued

Sold Prices£300K - £6.0M
Sold Prices/m²£7.2K/m² - £13.7K/m²

 

 

Square Metres

~217 m²
Price/m²£3.7K/m²

Value Estimate

£968,750
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£200,000

Stamp Duty & Legal Fees

£50,700

Total Cash In

£250,700

 

 

Cash Out

 

Room Rate

£819

Gross Rent

£5,733

Running Costs/mo

£4,626

Cashflow/mo

£1,107

Cashflow/yr

£13,281

ROI

5%

Gross Yield

9%

Local Sold Prices

11 sold prices from £300K to £6.0M, average is £2.8M. £7.2K/m² to £13.7K/m², average is £8.2K/m².

PriceDateDistanceAddressBeds 
£1.7M04/212.14 mi29, Colebrooke Avenue, London, Greater London W13 8JZ7
£2.8M06/232.19 mi111, The Avenue, London, Greater London W13 8JT7
£3.3M06/222.31 miThorncote, Edgehill Road, London, Greater London W13 8HW7
£2.3M01/222.32 mi22, Waldeck Road, London, Greater London W13 8LY7
£4.3M08/222.56 mi10, Carlton Road, London, Greater London W5 2AW7
£2.8M12/202.71 mi50, Mount Park Road, London, Greater London W5 2RU7
£2.8M10/212.71 mi30, Mattock Lane, London, Greater London W5 5BH7
£300K06/232.75 mi17, The Dell, Wembley, Greater London HA0 3EJ7
£2.3M05/212.77 mi17, Castlebar Road, London, Greater London W5 2DL7
£6.0M02/242.83 mi14, Montpelier Road, London, Greater London W5 2QP7
£1.8M12/222.88 mi4, Birkdale Road, London, Greater London W5 1JZ7

Local Area Statistics

Population in UB1

39,848

Population in Southall

72,273

Town centre distance

1.42 miles away

Nearest school

0.10 miles away

Nearest train station

1.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Price changed to £800,000

January 23, 2025

Price changed to £750,000

January 8, 2025

Price changed to £775,000

December 19, 2024

Price changed to £800,000

December 5, 2024

Listed for £775,000

June 20, 2024

Floor Plans

Description

  • Freehold +
  • HMO with long term tenant +
  • ROI over 7% +
  • 24 hours bus connection to Heathrow Airport +
  • Close to Greenford market +
  • Bus stop in front of the property +
  • Brand new refurbished +
  • Driveway for 2-3 cars +

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
Attention Investors! FREEHOLD, Brand new refurbished HMO property available for sale in Greenford, Ealing Borough. This property has 7 bedrooms, 5 bathrooms, 1 kitchen/dinner, a driveway to park 2/3 car and a back garden. The bus stop is right in front of the property. It benefits from a 24-hour bus connection to Heathrow Airport. It is close to the Greenford market, local parks, local schools and amenities. Currently, it is tenanted and you can have this property with long-term tenants. You will have an ROI of over 7%. It has a return of above the London HMO average.
On the ground floor, it has a kitchen/dinner with access to the back garden, two double bedrooms with en-suites, two single beds and one shared bathroom. On the upper floor, it has two double bedrooms with shared bathrooms and one double bedroom with en-suites.
Call us today to view this property if you don't want to miss out on this great investment opportunity.

Agent Details

EweMove, Covering Greater London

020 4538 5678

Next Steps?

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