3 Bed Semi-Detached House, Refurb/BRRR, Stanmore, HA7 4RZ, £625,000

Merrion Avenue, Stanmore, HA7 4RZ - 7 views - 10 months ago

Under Offer
Refurb/BRRR
ROI: 1%
~88 m²
+15 photos

ValuationOvervalued

Sold Prices£490K - £1.9M
Sold Prices/m²£1.6K/m² - £9.2K/m²

 

 

Square Metres

~87.60 m²
Price/m²£7.1K/m²

Value Estimate

£502,350

 

 

End Value (After Refurb)

£600,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£156,250

Stamp Duty & Legal Fees

£38,700

Refurb Costs

£46,343

Bridging Loan Interest

£16,406

Total Cash In

£259,449

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£600,000

Mortgage (After Refinance)

£450,000

Mortgage LTV

75%

Cash Left In

£259,449

Equity

£150,000

Rent Range

£1,900 - £4,500

Rent Estimate

£2,720

Running Costs/mo

£2,439

Cashflow/mo

£281

Cashflow/yr

£3,372

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £490K to £1.9M, average is £673.3K. £1.6K/m² to £9.2K/m², average is £6.6K/m².

PriceDateDistanceAddressBeds 
£665K05/230 mi139, Merrion Avenue, Stanmore, Greater London HA7 4RZ3
£815K10/230.14 mi46, Craigweil Drive, Stanmore, Greater London HA7 4TU3
£615K03/210.17 mi37, Sandymount Avenue, Stanmore, Greater London HA7 4UA3
£550K10/200.17 mi17, Sandymount Avenue, Stanmore, Greater London HA7 4UA3
£575K06/210.18 mi95, Howberry Road, Edgware, Greater London HA8 6TG3
£615K11/200.2 mi34, Sandymount Avenue, Stanmore, Greater London HA7 4TY3
£600K05/210.2 mi71, Talman Grove, Stanmore, Greater London HA7 4UQ3
£525K05/210.2 mi18, Talman Grove, Stanmore, Greater London HA7 4UQ3
£605K04/210.21 mi51, Pangbourne Drive, Stanmore, Greater London HA7 4RD3
£630K07/230.22 mi63, Wychwood Avenue, Edgware, Greater London HA8 6TQ3
£785K11/200.22 mi49, Wychwood Avenue, Edgware, Greater London HA8 6TQ3
£630K02/210.25 mi3, Marsh Lane, Stanmore, Greater London HA7 4TF3
£582.5K07/230.26 mi5, Wychwood Close, Edgware, Greater London HA8 6TE3
£710K10/230.27 mi148, Cheyneys Avenue, Edgware, Greater London HA8 6SE3
£677.5K06/230.28 mi82, Howberry Road, Edgware, Greater London HA8 6SY3
£685K08/230.28 mi110, Howberry Road, Edgware, Greater London HA8 6SY3
£622K12/200.29 mi93, Cheyneys Avenue, Edgware, Greater London HA8 6SD3
£625K02/210.29 mi85, Cheyneys Avenue, Edgware, Greater London HA8 6SD3
£532.5K08/210.29 mi39, Cheyneys Avenue, Edgware, Greater London HA8 6SD3
£547.5K12/200.3 mi39, Tintagel Drive, Stanmore, Greater London HA7 4SR3
£598K06/210.3 mi44, Tintagel Drive, Stanmore, Greater London HA7 4SR3
£580K04/210.3 mi31, Tintagel Drive, Stanmore, Greater London HA7 4SR3
£532K05/210.31 mi32, Beatty Road, Stanmore, Greater London HA7 4EU3
£545.3K10/200.32 mi17, Nelson Road, Stanmore, Greater London HA7 4ES3
£686K06/210.33 mi170, Marsh Lane, Stanmore, Greater London HA7 4HU3
£722K04/210.35 mi11, Silverston Way, Stanmore, Greater London HA7 4HS3
£1.0M11/220.37 mi2, Snaresbrook Drive, Stanmore, Greater London HA7 4QW3
£885K03/230.37 mi16, Snaresbrook Drive, Stanmore, Greater London HA7 4QW3
£900K11/230.37 mi44, Snaresbrook Drive, Stanmore, Greater London HA7 4QW3
£950K02/230.37 mi4, Snaresbrook Drive, Stanmore, Greater London HA7 4QW3
£910K10/220.37 mi50, Silverston Way, Stanmore, Greater London HA7 4HR3
£705K03/210.39 mi27, Glebe Road, Stanmore, Greater London HA7 4EJ3
£650K10/200.41 mi22, Glebe Road, Stanmore, Greater London HA7 4EL3
£795K10/230.41 mi40, Glebe Road, Stanmore, Greater London HA7 4EL3
£901K02/210.43 mi22, Pangbourne Drive, Stanmore, Greater London HA7 4QT3
£801K03/210.44 mi11, Court Drive, Stanmore, Greater London HA7 4QH3
£600K06/210.44 mi72, Elm Park, Stanmore, Greater London HA7 4BQ3
£669K02/210.44 mi80, Elm Park, Stanmore, Greater London HA7 4BQ3
£874.7K12/220.48 mi25, Howberry Road, Edgware, Greater London HA8 6SS3
£980K10/230.52 mi14, Chestnut Avenue, Edgware, Greater London HA8 7RA3
£955K12/220.52 mi127, Stonegrove, Edgware, Greater London HA8 7TJ3
£800K11/210.53 mi3, Tudor Well Close, Stanmore, Greater London HA7 2SD3
£625K11/220.54 mi4, Longcrofte Road, Edgware, Greater London HA8 6RP3
£760K12/220.56 mi64, Old Church Lane, Stanmore, Greater London HA7 2RP3
£1.1M08/230.59 mi10, Powell Close, Edgware, Greater London HA8 7QU3
£490K07/230.59 mi18, Courtens Mews, Stanmore, Greater London HA7 2SP3
£532.5K06/210.59 mi19, Courtens Mews, Stanmore, Greater London HA7 2SP3
£1.9M06/210.6 mi13, Dennis Lane, Stanmore, Greater London HA7 4JR3
£771K10/230.63 mi101, Whitchurch Gardens, Edgware, Greater London HA8 6PG3
£910K06/210.64 mi3, Queens Mead, Edgware, Greater London HA8 6LU3

Local Rents

21 rents from £1.9K/mo to £4.5K/mo, average is £2.6K/mo.

RentDateDistanceAddressBeds 
£2,85004/250.03 mi-3
£2,80004/240.07 miCharlbury Avenue, Stanmore, HA73
£2,80012/240.07 mi-3
£2,10004/240.18 miStanmore HA73
£2,30004/240.19 miCheyneys Avenue, Edgware, HA83
£2,80004/250.2 mi-3
£4,50001/250.23 mi-3
£2,50012/240.23 mi-3
£2,00004/240.25 miWestbere Drive, Stanmore, HA73
£2,35004/240.29 miNelson Road, Stanmore3
£2,50004/240.3 miBeatty Road, Stanmore, HA73
£1,90004/240.31 miLondon Road, Stanmore, HA73
£3,55004/240.37 miSilverston Way, Stanmore, HA73
£3,55012/240.37 mi-3
£3,55004/240.37 miSilverston Way, Stanmore3
£3,55004/240.38 miSilverston Way Stanmore HA73
£1,99502/250.46 mi-3
£2,30004/240.55 miWillow Court, Edgware, EDGWARE, HA83
£3,00004/240.56 miGrafham Court, HA8 8GD3
£2,65003/250.6 mi-3
£2,55004/240.61 miStanmore, Harrow, HA73

Local Area Statistics

Population in HA7

35,976

Town centre distance

0.57 miles away

Nearest school

0.10 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-40%

Sales demand

Buyer's market

Capital growth (5yrs)

+18%

Property History

Listed for £625,000

June 26, 2024

Floor Plans

Description

  • Three Bedrooms +
  • A Good Sized Reception/Dining Area +
  • Downstairs w.c +
  • Off Street Parking +
  • A Well Kept Rear Garden +
  • Extension Potential (STPP) +
  • Freehold +
  • Semi-Detached +

Hamptons are pleased to be marketing this charming semi-detached house. This property comprises three bedrooms, one bathroom, downstairs w.c, a high level of storage facility throughout, a bright and spacious dining and reception area, separate fitted kitchen, garage, off street parking, modernisation and extension potential (STPP), and a good sized mainly laid to lawn garden. We would highly encourage an immediate viewing.

Situation

Stanmore is a leafy, tranquil suburb in North-West London situated between Edgware and Bushey. The last stop on the Jubilee line, a journey to Bond Street from Stanmore takes 31 minutes. As an area Stanmore boasts an abundance of greenery, charming commons and acres of Green Belt. It is one of North West London’s most desirable areas due to its boutique cafes, shopping facilities, and location to prominent state and private schools which include Haberdashers’ Aske’s, North London Collegiate, St. Margaret’s, and Stanmore College.

Agent Details

Hamptons, Stanmore

020 3907 9884

Next Steps?

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