2 Bed Flat, Single Let, Wembley, HA0 2JT, £225,000

Lantern Close, Wembley, Middlesex, HA0 2JT - 2 views - 9 months ago

Leasehold
BTL
ROI: 12%
~63 m²
+4 photos

ValuationUndervalued

Sold Prices£206.5K - £615K
Sold Prices/m²£4K/m² - £6.9K/m²

 

 

Square Metres

~63.30 m²
Price/m²£3.6K/m²

Value Estimate

£270,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Total Cash In

£64,200

 

 

Cash Out

 

Rent Range

£1,650 - £4,500

Rent Estimate

£1,700

Running Costs/mo

£1,063

Cashflow/mo

£637

Cashflow/yr

£7,643

ROI

12%

Gross Yield

9%

Local Sold Prices

50 sold prices from £206.5K to £615K, average is £340K. £4K/m² to £6.9K/m², average is £5.6K/m².

PriceDateDistanceAddressBeds 
£342K10/230.01 mi43, Lantern Close, Wembley, Greater London HA0 2JT2
£351K11/220.11 mi40, Milford Gardens, Wembley, Greater London HA0 2AS2
£315K04/230.11 miFlat 8, Guinevere Court, King George Crescent, Wembley, Greater London HA0 2FH2
£328K03/210.11 miFlat 6, Tristan Court, King George Crescent, Wembley, Greater London HA0 2FJ2
£350K05/210.11 miFlat 18, Tristan Court, King George Crescent, Wembley, Greater London HA0 2FJ2
£340K02/210.11 miFlat 30, Tristan Court, King George Crescent, Wembley, Greater London HA0 2FJ2
£317K03/210.11 miFlat 24, Tristan Court, King George Crescent, Wembley, Greater London HA0 2FJ2
£367.5K04/230.13 mi111a, Lancelot Road, Wembley, Greater London HA0 2BE2
£325K01/230.16 mi16, Milford Gardens, Wembley, Greater London HA0 2AR2
£275K10/200.17 mi23, Alliance Close, Wembley, Greater London HA0 2NG2
£300K03/230.17 mi23, Alliance Close, Wembley, Greater London HA0 2NG2
£206.5K12/230.21 mi60, Alliance Close, Wembley, Greater London HA0 2NQ2
£375K02/230.23 miFlat 1, Peggy Quirke Court, Montrose Crescent, Wembley, Greater London HA0 4YS2
£365K04/210.37 mi7, Park Road, Wembley, Greater London HA0 4AS2
£400K06/210.41 mi87, Park Lane, Wembley, Greater London HA9 7SF2
£391K01/230.41 mi89, Park Lane, Wembley, Greater London HA9 7SF2
£350K01/210.45 mi64a, Charterhouse Avenue, Wembley, Greater London HA0 3DB2
£486K06/210.47 mi54, Llanover Road, Wembley, Greater London HA9 7LZ2
£305K09/210.49 mi125, Clarendon Gardens, Wembley, Greater London HA9 7LF2
£365K10/230.52 mi26, Fernwood Avenue, Wembley, Greater London HA0 2HF2
£350K04/210.54 mi62a, Eagle Road, Wembley, Greater London HA0 4SL2
£575K03/240.55 mi177, Park Lane, Wembley, Greater London HA9 7SB2
£307.5K07/210.57 mi58, Ash Walk, Wembley, Greater London HA0 3QW2
£300K03/230.57 mi6, Atherton Heights, Wembley, Greater London HA0 1YD2
£335K11/220.57 mi85, Ash Walk, Wembley, Greater London HA0 3QW2
£370K12/200.58 miGround Floor Flat, 7, Mostyn Avenue, Wembley, Greater London HA9 8AY2
£355K04/230.59 mi14a, Linden Avenue, Wembley, Greater London HA9 8BD2
£380K12/220.61 mi11a, District Road, Wembley, Greater London HA0 2LE2
£350K08/210.62 miGround Floor Flat, 22, District Road, Wembley, Greater London HA0 2LD2
£290K03/210.62 mi90, Conifer Way, Wembley, Greater London HA0 3QR2
£310K06/230.65 miFlat 16, Bell House, Hirst Crescent, Wembley, Greater London HA9 7HE2
£312K11/230.65 miFlat 40, Bell House, Hirst Crescent, Wembley, Greater London HA9 7HE2
£330K02/240.65 miBell House, Flat 44, Hirst Crescent, Wembley, Greater London HA9 7HE2
£335K03/210.65 miFlat 12, Bell House, Hirst Crescent, Wembley, Greater London HA9 7HE2
£350K12/220.66 mi11a, Central Road, Wembley, Greater London HA0 2LQ2
£327.8K09/230.66 miFlat 58, Kirk House, Hirst Crescent, Wembley, Greater London HA9 7HF2
£375K02/210.68 mi97, Lyon Park Avenue, Wembley, Greater London HA0 4DZ2
£395K04/230.69 mi31, Hillfield Avenue, Wembley, Greater London HA0 4JP2
£319K04/210.69 miFlat 58, Loxley House, Hirst Crescent, Wembley, Greater London HA9 7HL2
£315K11/200.69 miFlat 44, Loxley House, Hirst Crescent, Wembley, Greater London HA9 7HL2
£320K01/240.7 miFlat 49, Cresswell House, Hirst Crescent, Wembley, Greater London HA9 7HJ2
£320K06/210.82 mi66b - 66c, Wembley Park Drive, Wembley, Greater London HA9 8HB2
£400K03/210.83 mi67, Highmead Crescent, Wembley, Greater London HA0 4ED2
£322.5K05/210.85 miFlat 18, Anne Carver Lodge, Stanley Avenue, Wembley, Greater London HA0 4LB2
£615K11/220.85 miFlat 119, Cambium House, Palace Arts Way, Wembley, Greater London HA9 0GJ2
£340K10/210.89 mi10, Chamberlayne Avenue, Wembley, Greater London HA9 8SR2
£320K04/230.91 mi172, Chamberlayne Avenue, Wembley, Greater London HA9 8ST2
£315K02/210.91 mi173, Chamberlayne Avenue, Wembley, Greater London HA9 8ST2
£380K08/230.93 miFlat 29, Imperial Court, Empire Way, Wembley, Greater London HA9 0RS2
£410K11/200.93 miFlat 22, Imperial Court, Empire Way, Wembley, Greater London HA9 0RS2

Local Rents

50 rents from £1.6K/mo to £4.5K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£1,78512/240 mi-2
£1,95012/240 mi-2
£4,50001/250 mi-2
£1,95001/250 mi-2
£2,10003/250.08 mi-2
£2,10003/250.08 mi-2
£2,20002/250.09 mi-2
£2,10004/250.11 mi-2
£2,20003/250.11 mi-2
£2,00004/240.11 miTristan Court, King George Crescent, Wembley, HA02
£1,95002/240.12 mi-2
£1,85012/240.13 mi-2
£2,25001/250.14 mi-2
£2,50002/250.15 mi-2
£2,10012/240.15 mi-2
£2,20002/250.15 mi-2
£2,00002/240.15 miTregenna Court, Wembley, HA02
£1,65004/240.17 miAlliance Close, Wembley, HA02
£1,75004/240.17 miCroyden Court, 13 Talbot Road, Wembley, HA02
£1,70004/240.2 miAlliance Close, Wembley, Greater London, HA02
£1,80012/240.2 mi-2
£1,85012/240.21 mi-2
£1,65004/240.22 miAlliance Close, Wembley, HA02
£1,97504/240.22 miMontrose Crescent, Wembley, HA02
£1,65001/250.22 mi-2
£2,10003/240.25 miHigh Road, Wembley, Middlesex, HA92
£2,19503/210.25 miHigh Road, Wembley, Middlesex, HA92
£2,10003/210.25 miMetro Apartments, High Road, Wembley, Middlesex, HA92
£2,09904/240.25 miHigh Road, Wembley, Middlesex, HA92
£1,90004/240.25 miHigh Road, Wembley, Middlesex, HA92
£1,87503/170.25 miRamsey house,High Road, Wembley, Middlesex, HA92
£2,09507/170.25 miMetro Apartments, High Road, Wembley, Middlesex, HA92
£2,20010/200.25 miMetro Apartments, High Road, Wembley, Middlesex, HA92
£2,09510/200.25 miMetro Apartments, High Road, Wembley, Middlesex, HA92
£2,20004/250.26 mi-2
£1,85003/250.26 mi-2
£1,99001/250.26 mi-2
£2,05001/250.26 mi-2
£2,05002/250.26 mi-2
£1,90002/250.26 mi-2
£2,30004/250.26 mi-2
£2,00002/240.26 miWembley Central, 455 High Road, Wembley, HA9 7AF2
£1,70004/240.26 miChaplin Road, Wembley, HA02
£2,25004/240.26 miThe Assembly, Wembley, Middlesex, HA02
£1,79504/240.26 miThe Assembly, Wembley, Middlesex, HA02
£2,00004/240.26 miThe Assembly, Wembley, Middlesex, HA02
£2,01504/240.27 miStation Grove, Assembly Rooms, Wembley, HA02
£1,90004/240.3 miUnion Road, Wembley, Greater London, HA02
£2,40004/240.3 miElm Road, Wembley, HA92
£2,40004/240.31 miWembley, HA92

Local Area Statistics

Population in HA0

48,613

Population in Wembley

96,131

Town centre distance

0.14 miles away

Nearest school

0.40 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+62%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Price changed to £225,000

November 22, 2024

Listed for £235,000

July 25, 2024

Floor Plans

Description

  • PURPOSE BUILT FLAT +
  • GROUND FLOOR +
  • TWO BEDROOMS +
  • 44 YEAR LEASE +
  • NO UPPER CHAIN +
  • CLOSE TO AMENITIES +

NO UPPER CHAIN, we are delighted in bringing to market a GREAT OPPORTUNITY on a PURPOSE-BUILT GROUND FLOOR FLAT.
Located within easy walking distance to the High Road with Wembley central train station (servicing the Bakerloo & overground) with direct lines into Central London and a variety of shops.
Internally the property has -: Lounge, Kitchen, Two Bedrooms and the family Bathroom, the flat does require some updating.
The current lease is 44 years ( as advised) and is being sold as seen. Council tax band - C.

This property is being sold on behalf of a corporate client. It is marketed subject to obtaining the grant of probate and must remain on the market until contracts are exchanged. As part of a deceased's estate it may not be possible to provide answers to the standard property questionnaire. Please refer to the agent before viewing if you feel this may affect your buying decision.
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.

Agent Details

Daniels, Wembley

020 3879 5757

Next Steps?

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