3 Bed Semi-Detached House, Refurb/BRRR, Southall, UB1 2RF, £470,000

Lady Margaret Road, Southall, UB1 2RF - 3 views - 9 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 3%
~92 m²
+15 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£117,500

Stamp Duty & Legal Fees

£35,700

Refurb Costs

£48,296

Bridging Loan Interest

£12,338

Total Cash In

£215,584

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£477,833

Mortgage (After Refinance)

£358,375

Mortgage LTV

75%

Cash Released

£5,875

Cash Left In

£209,709

Equity

£119,458

Rent Range

£2,150 - £3,000

Rent Estimate

£2,455

Running Costs/mo

£2,004

Cashflow/mo

£451

Cashflow/yr

£5,409

ROI

3%

Gross Yield

6%

Local Sold Prices

52 sold prices from £228.4K to £627.5K, average is £495K. £3.4K/m² to £8.3K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£540K01/230.16 mi23, Evelyn Grove, Southall, Greater London UB1 2BW3
£495K09/230.16 mi41, Evelyn Grove, Southall, Greater London UB1 2BW3
£570K08/220.17 mi4, Burns Avenue, Southall, Greater London UB1 2LP3
£600K02/230.17 mi19, Burns Avenue, Southall, Greater London UB1 2LP3
£440K05/210.18 mi2a, West Avenue, Southall, Greater London UB1 2AW3
£228.4K05/210.22 mi73, Evelyn Grove, Southall, Greater London UB1 2BP3
£490K03/230.22 mi34, Evelyn Grove, Southall, Greater London UB1 2BP3
£450K06/210.23 mi165, North Road, Southall, Greater London UB1 2JY3
£510K09/230.25 mi66, Kingsley Avenue, Southall, Greater London UB1 2NB3
£560K05/210.28 mi79, Burns Avenue, Southall, Greater London UB1 2LS3
£530K04/230.28 mi64, Burns Avenue, Southall, Greater London UB1 2LS3
£320K05/210.28 mi115, Evelyn Grove, Southall, Greater London UB1 2BS3
£490K09/210.28 mi70, Evelyn Grove, Southall, Greater London UB1 2BS3
£510K07/230.28 mi94, Evelyn Grove, Southall, Greater London UB1 2BS3
£520K11/230.29 mi1, Denbigh Road, Southall, Greater London UB1 2RP3
£495K07/230.3 mi68, Masefield Avenue, Southall, Greater London UB1 2NE3
£535K05/240.3 mi52, Masefield Avenue, Southall, Greater London UB1 2NE3
£515K04/230.3 mi42, Dormers Avenue, Southall, Greater London UB1 2SR3
£465K06/210.3 mi63, Dormers Avenue, Southall, Greater London UB1 2SS3
£500K04/240.3 mi35, Cranleigh Gardens, Southall, Greater London UB1 2BU3
£555K11/220.31 mi31, Saxon Road, Southall, Greater London UB1 1QG3
£535K06/230.31 mi23, Saxon Road, Southall, Greater London UB1 1QG3
£527.5K11/210.32 mi7, Dormers Avenue, Southall, Greater London UB1 2SP3
£500K11/230.32 mi48, Allendale Avenue, Southall, Greater London UB1 2SN3
£475K10/230.34 mi92, Burns Avenue, Southall, Greater London UB1 2LT3
£475K10/230.34 mi92, Burns Avenue, Southall, Greater London UB1 2LT3
£477.5K12/200.35 mi27, Orchard Avenue, Southall, Greater London UB1 1LF3
£515K12/230.35 mi52, Orchard Avenue, Southall, Greater London UB1 1LG3
£490K06/210.39 mi16, Derwent Road, Southall, Greater London UB1 2UJ3
£430K10/230.4 mi17, Manaton Crescent, Southall, Greater London UB1 2SY3
£430K10/230.4 mi17, Manaton Crescent, Southall, Greater London UB1 2SY3
£460K04/220.4 mi23, Manaton Crescent, Southall, Greater London UB1 2SY3
£410K02/210.4 mi25, St Josephs Drive, Southall, Greater London UB1 1RL3
£525K04/230.41 mi32, Milford Road, Southall, Greater London UB1 3QQ3
£435K05/230.41 mi28, Oswald Road, Southall, Greater London UB1 1HW3
£452K04/240.42 mi60, Allendale Avenue, Southall, Greater London UB1 2SW3
£463K05/210.42 mi66, Allendale Avenue, Southall, Greater London UB1 2SW3
£350K02/210.42 mi112, St Josephs Drive, Southall, Greater London UB1 1RW3
£465K10/220.43 mi46, Oswald Road, Southall, Greater London UB1 1HW3
£560K12/220.44 mi16, Abbotts Road, Southall, Greater London UB1 1HT3
£520K08/230.44 mi4, Abbotts Road, Southall, Greater London UB1 1HT3
£565K08/220.44 mi117, Dormers Wells Lane, Southall, Greater London UB1 3JA3
£358K02/210.45 mi4, Craven Avenue, Southall, Greater London UB1 2DJ3
£627.5K03/230.46 mi286, Lady Margaret Road, Southall, Greater London UB1 2RX3
£470K06/210.47 mi112, Allenby Road, Southall, Greater London UB1 2HJ3
£500K05/230.47 mi65, Dormers Wells Lane, Southall, Greater London UB1 3HX3
£495K04/210.47 mi30, Somerset Road, Southall, Greater London UB1 2TR3
£555K08/230.48 mi158, St Josephs Drive, Southall, Greater London UB1 1RP3
£450K12/230.48 mi38, West End Road, Southall, Greater London UB1 1JH3
£455K11/200.5 mi85, Abbotts Road, Southall, Greater London UB1 1HR3
£490K03/240.5 mi145, Ashford Avenue, Hayes, Greater London UB4 0ND3
£540K07/230.5 mi28, St Ursula Road, Southall, Greater London UB1 2TH3

Local Rents

18 rents from £2.1K/mo to £3K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,65004/250.07 mi-3
£2,60012/240.08 mi-3
£2,20011/240.13 mi-3
£2,20010/240.13 mi-3
£2,15003/250.17 mi-3
£2,40010/240.35 miWaxlow Crescent, Southall3
£2,50001/240.4 mi-3
£2,40001/250.41 mi-3
£2,20012/240.47 mi-3
£2,20001/250.47 mi-3
£2,30010/240.48 mi-3
£2,15010/240.53 mi-3
£3,00004/250.55 mi-3
£2,60002/250.56 mi-3
£2,50001/250.56 mi-3
£2,45010/240.57 miCornwall Avenue, Southall3
£2,80002/250.58 mi-3
£2,49010/240.62 mi-3

Property History

Listed for £470,000

July 31, 2024

Floor Plans

Description

  • Being Sold by GOTO online auction +
  • Buy-it-Now option available +
  • Buyer's fees apply +
  • 3 Bedroom Semi Detached House +
  • Separate Kitchen +
  • Large spacious garden +
  • Front driveway +
  • Could be refurnished +

This three-bedroom, two-storey house offers significant potential for renovation. The property features a spacious living room, a dining room, and a separate kitchen on the ground floor. Additionally, there is a handy outdoor shed and toilet. The first floor comprises three well-sized bedrooms and a family bathroom.

This property is a fantastic opportunity for buyers looking to create their dream home with plenty of space and flexibility. Viewing is highly recommended to appreciate the potential.

Material information:
The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.

Being Sold by GOTO Online Auction
 
Starting Bids from £470,000
 
Buy it now option available
 
Please call or visit Yopa Online Auctions for more information.
 
This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been issued by the vendor’s solicitor. Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer with be required to put down a non-refundable reservation fee called a Buyer’s Premium. This secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.
 
Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by GOTO Auctions.

To book a viewing visit Yopa.

Auctioneer's Comments:
This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged.
 
The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from our website or requested from our Auction Department.
 
Buyer Fees
•    Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of £9,000 including VAT a Legal Pack fee of £372 including VAT. This secures the transaction and takes the property off the market.
•    Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.
Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, East Anglia & London

01270 447764

Next Steps?

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