3 Bed Semi-Detached House, Refurb/BRRR, Hounslow, TW5 0JL, £525,000

2 The Crossways, Hounslow, Greater London, TW5 0JL - 1 views - 9 months ago

Sold STC
Refurb/BRRR
ROI: 2%
91 m²
+5 photos

ValuationOvervalued

Sold Prices£172K - £800K
Sold Prices/m²£1.9K/m² - £8.1K/m²

 

 

Square Metres

91 m²
Price/m²£5.8K/m²

Value Estimate

£490,686

 

 

End Value (After Refurb)

£512,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£131,250

Stamp Duty & Legal Fees

£30,700

Refurb Costs

£48,032

Bridging Loan Interest

£13,781

Total Cash In

£225,514

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£512,500

Mortgage (After Refinance)

£384,375

Mortgage LTV

75%

Cash Left In

£225,514

Equity

£128,125

Rent Range

£1,700 - £5,500

Rent Estimate

£2,548

Running Costs/mo

£2,131

Cashflow/mo

£417

Cashflow/yr

£5,002

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £172K to £800K, average is £532.5K. £1.9K/m² to £8.1K/m², average is £5.9K/m².

PriceDateDistanceAddressBeds 
£570K02/240.09 mi291, Vicarage Farm Road, Hounslow, Greater London TW5 0DR3
£635K06/230.1 mi9, West Way, Hounslow, Greater London TW5 0JD3
£470K01/210.12 mi13, Orchard Avenue, Hounslow, Greater London TW5 0DU3
£525K06/210.12 mi217, Vicarage Farm Road, Hounslow, Greater London TW5 0AQ3
£557K12/230.13 mi56, The Warren, Hounslow, Greater London TW5 0JN3
£440K08/210.13 mi16, Orchard Avenue, Hounslow, Greater London TW5 0DU3
£555K11/210.13 mi48, West Way, Hounslow, Greater London TW5 0JF3
£635K12/210.13 mi24, Dorset Waye, Hounslow, Greater London TW5 0ND3
£497K12/230.13 mi2, Dorset Waye, Hounslow, Greater London TW5 0ND3
£536K11/210.14 mi82, Orchard Avenue, Hounslow, Greater London TW5 0DX3
£575K10/230.14 mi10, Devon Waye, Hounslow, Greater London TW5 0NE3
£300K10/220.15 mi100, Orchard Avenue, Hounslow, Greater London TW5 0DX3
£535K11/230.15 mi94, Orchard Avenue, Hounslow, Greater London TW5 0DX3
£546.5K08/220.15 mi56, Orchard Avenue, Hounslow, Greater London TW5 0DX3
£590K11/220.15 mi74, Orchard Avenue, Hounslow, Greater London TW5 0DX3
£578K12/220.17 mi12, St Leonards Gardens, Hounslow, Greater London TW5 9DH3
£638K05/210.18 mi45, Cranford Lane, Hounslow, Greater London TW5 9EP3
£425K04/210.19 mi77, The Crossways, Hounslow, Greater London TW5 0JJ3
£600K03/230.19 mi131, The Crossways, Hounslow, Greater London TW5 0JJ3
£525K08/230.21 mi70, Westbrook Road, Hounslow, Greater London TW5 0NG3
£500K12/220.22 mi106, Vicarage Farm Road, Hounslow, Greater London TW5 0AE3
£500K06/210.22 mi86, Westbrook Road, Hounslow, Greater London TW5 0NQ3
£555K01/210.24 mi86, Greencroft Road, Hounslow, Greater London TW5 0BH3
£650K10/230.24 mi82, Greencroft Road, Hounslow, Greater London TW5 0BH3
£440K01/210.25 mi137, New Heston Road, Hounslow, Greater London TW5 0LG3
£540K10/220.26 mi80, St Leonards Gardens, Hounslow, Greater London TW5 9DH3
£800K02/240.27 mi43, Heston Avenue, Hounslow, Greater London TW5 9EU3
£450K11/200.27 mi11, Heston Avenue, Hounslow, Greater London TW5 9EU3
£621K10/200.28 mi51, Greencroft Road, Hounslow, Greater London TW5 0BH3
£555K08/210.28 mi30, Heston Avenue, Hounslow, Greater London TW5 9EX3
£535K06/210.28 mi40, Heston Avenue, Hounslow, Greater London TW5 9EX3
£500K02/210.29 mi120, The Crossways, Hounslow, Greater London TW5 0JR3
£442.5K11/210.29 mi12, North Hyde Lane, Hounslow, Greater London TW5 0EQ3
£575K09/220.31 mi43, Sutton Square, Hounslow, Greater London TW5 0JB3
£515K06/210.31 mi1, Sutton Square, Hounslow, Greater London TW5 0JB3
£560K03/210.31 mi12, Meadow Waye, Hounslow, Greater London TW5 9EZ3
£490K03/210.32 mi27, Victoria Gardens, Hounslow, Greater London TW5 9DD3
£530K02/230.33 mi94, Springwell Road, Hounslow, Greater London TW5 9EJ3
£172K05/230.33 mi55, Springwell Road, Hounslow, Greater London TW5 9EA3
£545K02/210.33 mi66, Heston Avenue, Hounslow, Greater London TW5 9EX3
£505K11/200.33 mi73, Heston Avenue, Hounslow, Greater London TW5 9EU3
£530K07/220.34 mi104, Springwell Road, Hounslow, Greater London TW5 9BP3
£590K10/220.35 mi45, Upper Sutton Lane, Hounslow, Greater London TW5 0PS3
£435K10/200.36 mi130, Springwell Road, Hounslow, Greater London TW5 9BP3
£482K04/210.36 mi100, Springwell Road, Hounslow, Greater London TW5 9BP3
£735K11/220.38 mi31, Shelley Crescent, Hounslow, Greater London TW5 9BQ3
£530K03/230.38 mi23, Adelaide Road, Hounslow, Greater London TW5 9AG3
£423K08/210.4 mi28, Queenswood Avenue, Hounslow, Greater London TW3 4LH3
£425K03/210.4 mi37, Queenswood Avenue, Hounslow, Greater London TW3 4LG3
£460K05/220.43 mi64, Sutton Hall Road, Hounslow, Greater London TW5 0PY3

Local Rents

32 rents from £1.7K/mo to £5.5K/mo, average is £2.7K/mo.

RentDateDistanceAddressBeds 
£2,75012/240.22 mi-3
£2,75012/240.22 mi-3
£2,80012/240.22 mi-3
£2,80012/240.22 mi-3
£2,70012/240.22 mi-3
£2,70001/250.22 mi-3
£2,50010/240.28 miWestbrook Road , Hounslow , TW53
£2,59001/250.29 mi-3
£2,40010/240.29 miBlossom Waye, TW5 93
£2,30012/240.3 mi-3
£2,65010/240.31 mi-3
£1,90012/240.37 mi-3
£3,50010/240.37 mi-3
£3,50010/240.37 mi-3
£3,10010/240.37 mi-3
£3,50010/240.37 mi-3
£2,30003/250.38 mi-3
£2,45010/240.4 miWhytecroft, Heston3
£2,50010/240.4 mi-3
£2,50010/240.4 miWhytecroft, Middlesex, TW53
£2,80011/240.43 mi-3
£2,00010/240.45 mi-3
£2,80012/240.46 mi-3
£2,47503/250.47 mi-3
£1,70011/240.48 mi-3
£2,60001/250.53 mi-3
£2,40002/250.56 mi-3
£2,05003/250.56 mi-3
£4,00011/240.59 mi-3
£4,00002/250.59 mi-3
£5,50012/240.59 mi-3
£4,00003/250.59 mi-3

Local Area Statistics

Population in TW5

29,196

Population in Hounslow

96,666

Town centre distance

0.87 miles away

Nearest school

0.20 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+53%

Sales demand

Buyer's market

Capital growth (5yrs)

+46%

Property History

Listed for £525,000

July 17, 2024

Sold for £272,000

2006

Sold for £102,500

1998

Floor Plans

Description

This property is currently under offer at £525,000.
Anyone wishing to make an offer over and above this amount should contact the selling agents Shaw and Co on prior to the exchange of contracts.

Nestled in the sought after road in Heston, comes this charming 1930s semi detached house on The Crossways. Offering a fantastic opportunity for those with a vision for transformation, boasting two reception rooms, three bedrooms, and a bathroom, this property is brimming with potential.

In need of complete modernisation, this property provides a blank canvas for you to create the home of your dreams. With the added bonus of an outhouse at the rear of the garden currently housing tenants, there is also an opportunity for rental income or additional living space.

The spacious layout of this house offers a good size for comfortable living, and with the potential to extend, the possibilities are endless. Whether you're looking to create a stunning family home or a lucrative investment property, this house is sure to capture your imagination.

Agent Details

Shaw & Co, Heston

020 3828 7172

Next Steps?

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