2 Bed Terraced House, Refurb/BRRR, Stanmore, HA7 3SQ, £350,000

5 Robb Road, Stanmore, Greater London, HA7 3SQ - 16 views - 9 months ago

Refurb/BRRR

ROI: 2%

~68 m²

+4 photos

ValuationUndervalued

Sold Prices	£380K - £835K
Sold Prices/m²	£5K/m² - £10.3K/m²

Square Metres	~68.11 m²
Price/m²	£5.1K/m²
Value Estimate	£360,500£360,500
BMV	3%

End Value (After Refurb)	£399,416£399,416
Uplift in Value	+14%+14%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£16,700£16,700
Refurb Costs	£36,033£36,033
Bridging Loan Interest	£9,188£9,188
Total Cash In	£151,170£151,170

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£399,416£399,416
Mortgage (After Refinance)	£299,562£299,562
Mortgage LTV	75%75%
Cash Released	£37,062£37,062
Cash Left In	£114,108£114,108
Equity	£99,854£99,854
Rent Range	£1,550 - £2,250£1,550 - £2,250
Rent Estimate	£1,888
Running Costs/mo	£1,646£1,646
Cashflow/mo	£242£242
Cashflow/yr	£2,907£2,907
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

30 sold prices from £380K to £835K, average is £555K. £5K/m² to £10.3K/m², average is £7.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£610K	09/21	0.17 mi	44, Kenneth Gardens, Stanmore, Greater London HA7 3SD	-	-	2	Semi-Detached House
£820K	06/21	0.17 mi	2, Kenneth Gardens, Stanmore, Greater London HA7 3SD	£5,857	140	2	Semi-Detached House
£560K	12/22	0.17 mi	32, Kenneth Gardens, Stanmore, Greater London HA7 3SD	-	-	2	Semi-Detached House
£550K	08/23	0.19 mi	51, Kenneth Gardens, Stanmore, Greater London HA7 3SA	£8,462	65	2	Semi-Detached House
£510K	09/23	0.22 mi	28, Ashdale Grove, Stanmore, Greater London HA7 3SB	-	-	2	Semi-Detached House
£625K	05/23	0.22 mi	1, Ashdale Grove, Stanmore, Greater London HA7 3SB	-	-	2	Terraced House
£530K	01/21	0.22 mi	25, Ashdale Grove, Stanmore, Greater London HA7 3SB	£7,571	70	2	Semi-Detached House
£582.5K	05/23	0.22 mi	9, Ashdale Grove, Stanmore, Greater London HA7 3SB	£8,962	65	2	Semi-Detached House
£495K	05/21	0.32 mi	126, Gordon Avenue, Stanmore, Greater London HA7 3QU	£7,312	68	2	Semi-Detached House
£560K	06/21	0.34 mi	6, Holme Way, Stanmore, Greater London HA7 3RE	-	-	2	Semi-Detached House
£444K	10/21	0.37 mi	52a, Woodlands Drive, Stanmore, Greater London HA7 3PA	£7,929	56	2	Terraced House
£485K	11/22	0.39 mi	822, Kenton Lane, Harrow, Greater London HA3 6AG	-	-	2	Terraced House
£742.5K	09/22	0.41 mi	6, Tudor Well Close, Stanmore, Greater London HA7 2SD	£5,017	148	2	Terraced House
£615K	03/21	0.46 mi	43, Elm Park, Stanmore, Greater London HA7 4AU	£5,125	120	2	Detached House
£470K	03/21	0.49 mi	8, Winston Close, Harrow, Greater London HA3 6AL	£6,812	69	2	Detached House
£627.5K	04/22	0.5 mi	2, Richmond Gardens, Harrow, Greater London HA3 6AJ	-	-	2	Detached House
£565K	06/23	0.53 mi	34, Glebe Road, Stanmore, Greater London HA7 4EL	£10,290	55	2	Semi-Detached House
£710K	08/22	0.54 mi	30, Glebe Road, Stanmore, Greater London HA7 4EL	-	-	2	Detached House
£380K	04/23	0.55 mi	9, Laurel Park, Harrow, Greater London HA3 6AU	-	-	2	Terraced House
£422.5K	10/20	0.57 mi	15, Kingfisher Close, Harrow Weald, Harrow, Greater London HA3 6DA	£6,402	66	2	Terraced House
£420K	04/21	0.57 mi	8, Kingfisher Close, Harrow Weald, Harrow, Greater London HA3 6DA	£6,667	63	2	Terraced House
£505K	02/21	0.58 mi	37, Whitegate Gardens, Harrow, Greater London HA3 6BW	£6,474	78	2	Semi-Detached House
£525K	11/23	0.65 mi	25, Weald Rise, Harrow, Greater London HA3 7DQ	£7,394	71	2	Bungalow
£450K	02/21	0.67 mi	32, Laburnum Court, Stanmore, Greater London HA7 4JP	-	-	2	Terraced House
£528K	01/21	0.69 mi	34, College Close, Harrow, Greater London HA3 7BZ	£8,516	62	2	Detached House
£570K	06/21	0.76 mi	137, College Hill Road, Harrow, Greater London HA3 7BX	£8,636	66	2	Detached House
£600K	06/23	0.8 mi	2, Hollybush Close, Harrow, Greater London HA3 7DP	-	-	2	Detached House
£835K	12/20	0.8 mi	32, Fallowfield, Stanmore, Greater London HA7 3DF	£6,680	125	2	Detached House
£655K	07/21	0.89 mi	61, Du Cros Drive, Stanmore, Greater London HA7 4TL	-	-	2	Detached House
£387.5K	10/20	0.99 mi	30, The Middle Way, Harrow, Greater London HA3 7EG	£5,382	72	2	Detached House

Local Rents

30 rents from £1.6K/mo to £2.3K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,800	02/25	0.05 mi	-	2	Terraced House
£2,200	04/24	0.1 mi	Gordon Avenue, Stanmore, HA7	2	Flat
£2,200	12/24	0.1 mi	-	2	Flat
£1,750	02/25	0.11 mi	-	2	Flat
£1,950	01/24	0.14 mi	Goodhall Close Stanmore HA7	2	Flat
£1,850	04/24	0.21 mi	Douglas Close, Essex House, HA7	2	Flat
£1,700	12/24	0.21 mi	-	2	Flat
£1,850	04/24	0.25 mi	Gleneagles, Stanmore, HA7	2	Flat
£1,900	03/24	0.25 mi	Gleneagles, Gordon Avenue, Stanmore, HA7	2	Flat
£2,250	01/25	0.28 mi	-	2	Bungalow
£1,800	02/25	0.31 mi	-	2	Flat
£1,900	04/24	0.33 mi	Stanmore, Harrow, HA7	2	Flat
£1,900	02/24	0.34 mi	Cairn Way, Stanmore, Greater London, HA7	2	Flat
£1,900	01/24	0.34 mi	Cairn Way, Stanmore	2	Flat
£1,900	02/24	0.34 mi	Cairn Way, Stanmore, Middlesex, HA7	2	Flat
£1,900	01/24	0.35 mi	Stanmore, Middlesex. HA7 3RF	2	Flat
£1,650	04/24	0.37 mi	Lindeth Close, (PK408), Stanmore, HA7	2	Flat
£1,650	12/24	0.37 mi	Lindeth Close, (PK408), Stanmore, HA7	2	Flat
£2,200	04/24	0.43 mi	-	2	Flat
£2,000	01/25	0.51 mi	-	2	Flat
£1,650	02/24	0.52 mi	Dromey Gardens, Harrow Weald	2	Flat
£1,750	02/25	0.54 mi	-	2	Flat
£1,650	03/25	0.54 mi	-	2	Flat
£1,700	04/25	0.54 mi	-	2	Flat
£1,842	04/24	0.55 mi	Halsbury Close, Stanmore, HA7	2	Flat
£2,000	04/24	0.56 mi	Honister Gardens, Stanmore, HA7	2	Flat
£1,950	04/24	0.57 mi	Claire Gardens Stanmore HA7	2	Flat
£1,550	02/25	0.58 mi	-	2	Flat
£1,800	02/24	0.58 mi	Albemarle Park, Stanmore, HA7	2	Flat
£1,750	04/24	0.59 mi	-	2	Flat

Local Area Statistics

Population in HA7	35,97635,976
Town centre distance	0.31 miles away0.31 miles away
Nearest school	0.60 miles away0.60 miles away
Nearest train station	0.90 miles away0.90 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-40%-40%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+18%+18%

Property History

Listed for £350,000

July 2, 2024

Sold for £234,950

2006

Floor Plans

Description

Two bedrooms +
Bathroom +
Private garden +
Chain free +
In need of modernisation +
Separate kitchen +

Two Bedroom terraced house situated a short distance to Stanmore's shopping & transport facilities, and popular schools. The property is in need of modernisation and redecoration.

Robb Road is within walking distance to local schools, shops and transport links this property is within close proximity to Stanmore Broadway. Nearby to local tube stations such as Stanmore, Canons Park and Edgware station with links into Central London.

Any interested parties must submit any higher offers in writing to the selling agent before exchange of contracts takes place

Harrow Council Tax Band C

Agent Details

Davidson Frost-Wellings, Stanmore

020 3907 9730

Next Steps?

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2 Bed Terraced House, Refurb/BRRR, Stanmore, HA7 3SQ, £350,000

ValuationUndervalued

Investment OpportunityOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Investment Opportunity

Local Sold Prices

Local Rents