2 Bed Flat, Refurb/BRRR, Northolt, UB5 4HQ, £255,000

55 Wincanton Crescent, Northolt, Middlesex, UB5 4HQ - 3 views - 9 months ago

Leasehold
Refurb/BRRR
ROI: 2%
63 m²
+6 photos

ValuationUndervalued

Sold Prices£152.4K - £360K
Sold Prices/m²£2.2K/m² - £8.2K/m²

 

 

Square Metres

63.28 m²
Price/m²£4K/m²

Value Estimate

£272,695
BMV1%

 

 

End Value (After Refurb)

£365,871

Uplift in Value

+36%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£63,750

Stamp Duty & Legal Fees

£10,300

Refurb Costs

£33,477

Bridging Loan Interest

£6,694

Total Cash In

£115,971

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£365,871

Agent Fees (1%)

£3,659

Bridging Loan

£191,250

Bridging Loan Interest

£6,694

Flip Profit

£54,992

Local Sold Prices

50 sold prices from £152.4K to £360K, average is £307.8K. £2.2K/m² to £8.2K/m², average is £5.4K/m².

PriceDateDistanceAddressBeds 
£260K04/210.02 mi73, Wincanton Crescent, Northolt, Greater London UB5 4HQ2
£325K11/210.19 mi7, Dorchester Close, Northolt, Greater London UB5 4PE2
£340K05/230.19 mi8, Dorchester Close, Northolt, Greater London UB5 4PE2
£325K02/230.19 mi12, Alexandra Avenue, Harrow, Greater London HA2 8PG2
£335K06/230.19 mi85, Petts Hill, Northolt, Greater London UB5 4NS2
£335K03/210.2 mi3, Newmarket Avenue, Northolt, Greater London UB5 4HB2
£320K02/210.23 mi39, Dorchester Road, Northolt, Greater London UB5 4PB2
£307K06/210.25 mi1a, Wetherby Close, Northolt, Greater London UB5 4ED2
£350K07/210.25 mi3, Wetherby Close, Northolt, Greater London UB5 4ED2
£339K03/230.26 mi7a, Wetherby Close, Northolt, Greater London UB5 4ED2
£355K05/230.3 mi5, Cheltenham Close, Northolt, Greater London UB5 4DU2
£329K11/210.31 mi6, Thirsk Close, Northolt, Greater London UB5 4DS2
£307.5K11/200.31 mi19, Wood End Lane, Northolt, Greater London UB5 4JN2
£360K07/230.42 mi7, Brighton Drive, Northolt, Greater London UB5 4DQ2
£330K10/220.5 mi28, Alexandra Close, Harrow, Greater London HA2 8QA2
£255K09/210.52 mi37a, Blenheim Road, Northolt, Greater London UB5 4TW2
£360K05/230.52 mi37a, Blenheim Road, Northolt, Greater London UB5 4TW2
£333K08/230.54 mi168, Alexandra Avenue, Harrow, Greater London HA2 8PY2
£305K02/210.55 mi45, Ivy Close, Harrow, Greater London HA2 8RX2
£357.8K04/230.56 mi247, Carr Road, Northolt, Greater London UB5 4RL2
£325K04/230.56 mi26a, Kenilworth Avenue, Harrow, Greater London HA2 8SA2
£295K06/210.56 mi127a, Kingsley Road, Harrow, Greater London HA2 8LF2
£250K10/230.56 miFlat 9, Burlington House, The Farmlands, Northolt, Greater London UB5 5EW2
£285K10/200.56 mi30, Ivy Close, Harrow, Greater London HA2 8RX2
£350K11/220.57 mi17, Rowe Walk, Harrow, Greater London HA2 9AB2
£321K03/210.57 miFlat 5, Wellington House, The Farmlands, Northolt, Greater London UB5 5ET2
£308K12/200.57 miFlat 15, Wellington House, The Farmlands, Northolt, Greater London UB5 5ET2
£275K06/210.6 mi34, Rowe Walk, Harrow, Greater London HA2 9AB2
£325K03/210.6 mi15, Rowe Walk, Harrow, Greater London HA2 9AB2
£152.4K10/230.6 mi15a, Newbury Way, Northolt, Greater London UB5 4JD2
£308K07/210.6 mi9, Carlton Close, Northolt, Greater London UB5 4LQ2
£270K09/230.62 mi197, Carr Road, Northolt, Greater London UB5 4RJ2
£310K10/230.62 miFlat 1, Beaufort House, The Farmlands, Northolt, Greater London UB5 5EJ2
£293K10/200.63 mi23, Millway Gardens, Northolt, Greater London UB5 5DU2
£300K05/230.64 miFlat 8, Argyll House, The Farmlands, Northolt, Greater London UB5 5EH2
£320K02/230.64 mi109, Eastcote Lane, Northolt, Greater London UB5 5RH2
£185K01/230.64 mi349b, Eastcote Lane, Harrow, Greater London HA2 8RY2
£228K12/200.66 mi11a, Station Parade, Northolt, Greater London UB5 5HR2
£290K06/230.67 mi25, Cherry Gardens, Northolt, Greater London UB5 4RG2
£315K11/230.69 mi219, Ealing Road, Northolt, Greater London UB5 5HS2
£305K04/210.71 mi3, Petworth Close, Northolt, Greater London UB5 4HX2
£325K03/230.77 mi18, Parkfield Road, Harrow, Greater London HA2 8LB2
£265K03/210.78 mi11, Owen Close, Northolt, Greater London UB5 5TX2
£280K10/200.79 mi14, Jasmine Gardens, Harrow, Greater London HA2 9DE2
£295K11/210.79 mi29, Jasmine Gardens, Harrow, Greater London HA2 9DE2
£260K09/230.82 mi15, Fortunes Mead, Northolt, Greater London UB5 5SF2
£260K06/210.83 mi16, Priors Field, Northolt, Greater London UB5 5SG2
£285K05/210.91 mi843, Victoria Road, Ruislip, Greater London HA4 0JJ2
£305K11/200.91 mi845a, Victoria Road, Ruislip, Greater London HA4 0JJ2
£305K11/200.91 mi845a, Victoria Road, Ruislip, Greater London HA4 0JJ2

Local Rents

37 rents from £1.4K/mo to £2.1K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,70002/240.16 mi-2
£1,35010/240.16 miNewmarket Avenue, Northolt, UB5 4EP2
£1,60010/240.2 miPetts Hill, Northolt, UB52
£1,65003/250.2 mi-2
£1,65010/240.22 miRedcar Close, Northolt, Middlesex, UB52
£2,10011/240.23 mi-2
£1,75012/240.24 mi-2
£1,70011/240.25 mi-2
£1,82512/240.33 mi-2
£1,70002/250.34 mi-2
£1,80001/250.36 mi-2
£1,85002/250.37 mi-2
£1,85001/250.39 mi-2
£1,70010/240.4 mi-2
£1,80510/240.4 mi-2
£1,87310/240.4 mi-2
£1,85003/250.4 mi-2
£1,90003/250.4 mi-2
£1,75010/240.44 miBlenheim Road, Northolt, UB52
£1,60010/240.48 miSouth Harrow Northolt Greenford, South Harrow Northolt Greenford, UB52
£1,60010/240.48 mi-2
£1,65010/240.48 mi-2
£1,35002/240.48 mi-2
£1,75003/250.51 mi-2
£1,55004/240.51 miCorbins Lane, South Harrow, HA2 8EN2
£1,75004/240.54 miAlexandra Avenue Harrow HA22
£1,80003/250.58 mi-2
£1,70004/240.58 mi-2
£1,75010/240.59 mi-2
£1,75010/240.59 miGraham Court, Northolt, UB52
£1,85003/250.6 mi-2
£1,60012/240.62 mi-2
£1,87512/240.62 mi-2
£1,79512/240.62 mi-2
£1,80012/240.62 mi-2
£1,37504/240.62 miAlexandra Avenue, Harrow, Middlesex, HA22
£1,60010/240.62 miMillway Gardens, Northolt2

Local Area Statistics

Population in UB5

45,158

Population in Northolt

45,217

Town centre distance

1.05 miles away

Nearest school

0.20 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £255,000

December 4, 2024

Listed for £269,995

July 3, 2024

Sold for £170,000

2005

Floor Plans

Description

  • CHAIN FREE +
  • PURPOSE BUILT +
  • TWO DOUBLE BEDROOM +
  • FIRST FLOOR (MIDDLE FLOOR) FLAT +
  • SECURITY ENTRYPHONE SYSTEM +
  • OPEN PLAN RECEPTION/FITTED KITCHEN +
  • DOUBLE GLAZING +
  • ELECTRIC HEATING +
  • COMMUNAL GARDENS +
  • APPROX. 87 YEAR LEASE +

PUBLIC NOTICE Tony Paul Estate Agents are now in receipt of an offer for the sum of £265,000 for 55 Wincanton Crescent, Northolt, Middlesex, UB5 4HQ. Anyone wishing to place an offer on this property should contact Tony Paul Estate Agents, 211 Ealing Road, Northolt, Middlesex, UB5 5HS, before exchange of contracts.

BEING SOLD WITH NO ONWARD CHAIN is this purpose built two double bedroom first floor (middle floor) flat, located within the popular Race Course Estate, hence well positioned for Northolt (central line) Station, Northolt Park Station, South Harrow shopping parade, local bus routes & local schools. This chain free flat although in need of some general updating, does benefit from a security entry phone system, 22'8 x 12'11 open plan reception/fitted kitchen, 13'0 x 9'11 bedroom 1, 12'5 x 8'11 bedroom 2, fitted bathroom, double glazing, electric heating, communal gardens & approx. 87 year lease.

The accommodation with approximate room sizes comprises the following;

COMMUNAL FRONT DOOR: With security entry phone system leading to communal hallway leading to communal stairs leading to communal first floor (middle floor) landing leading to;

OWN FRONT DOOR: Leading to;

OPEN PLAN RECEPTION/FITTED KITCHEN: 22'8 x 12'11. Front aspect double glazed window, front aspect double glazed frosted window, rear aspect double glazed window, side aspect door leading to inner hallway, wall mounted security entry phone system, wall mounted electric heaters x 2, range of wall & floor units, worksurface, built in hob, oven & extractor hood, part tiled walls, 1½ stainless steel sink with mixer tap, plumbing for washing machine, enclosed electric meter, storage cupboard housing gas meter, part tiled flooring, coved ceiling.

INNER HALLWAY: Cupboard housing hot water tank.

BEDROOM 1: 13'0 x 9'11. Rear aspect double glazed window, wall mounted electric heaters x 2, storage cupboard.

BEDROOM 2: 12'5 x 8'11. Front aspect double glazed window, wall mounted electric heater.

BATHROOM: Front aspect double glazed frosted window, 3-piece suite comprising of a low-level W.C., wash hand basin, bath with shower attachment, tiled walls, electric hot towel rail, tiled flooring.

OUTSIDE;

COMMUNAL GARDENS: Storage cupboard.

These particulars are issued on the understanding that all negotiations are conducted through Tony Paul estate agents. Whilst every care has been exercised in the preparation of particulars their accuracy is not guaranteed neither do, they constitute an offer nor contract. Please note that it is not our Company policy to test services, heating systems and domestic appliances, therefore we cannot verify that they are in working order. The buyer is advised to obtain verification from their solicitor or surveyor.

Lease: The agent understands that the property is leasehold but has not yet been able to verify the terms and conditions of the lease. However, we are awaiting confirmation of the tenure from the vendor's solicitors and we advise all interested parties should obtain verification and confirmation of the terms of the lease through their solicitor or surveyor.

Maintenance: The agent understands that the property maybe subject to a ground rent and/or service charge and/or maintenance charge but has not yet been able to verify the terms and conditions if any. All interested parties should obtain verification and confirmation of any charges through their solicitor or surveyor.

MAKING AN OFFER: If you are interested in this property, please contact us at the earliest opportunity prior to contacting a bank, building society or solicitor. Failure to do so could result in the property being sold elsewhere and could result in you incurring costs such as survey or legal fees. Most of our clients require us to advise them on the status of potential buyers, who make an offer to purchase; therefore, you are strongly advised to make an appointment at this stage, to establish your ability to proceed.

Please note that any services, heating system or appliances have not been tested, and no warranty can be given or implied as to their working order.

EPC TOTAL FLOOR AREA: 59 SQUARE METRES

Agent Details

Tony Paul, Northolt Village

020 3834 8376

Next Steps?

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