2 Bed Flat, Potential PLO/LOA, Stanmore, HA7 1JN, £325,000

BALMORAL HOUSE Honeypot Lane, Stanmore, Greater London, HA7 1JN - 5 views - 7 months ago

Leasehold

Negative Equity

ROI: 3%

57 m²

+6 photos

ValuationOvervalued

Sold Prices	£140K - £410K
Sold Prices/m²	£4K/m² - £11.7K/m²

Square Metres	57.24 m²
Price/m²	£5.7K/m²
Value Estimate	£314,899£314,899

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£81,250£81,250
Stamp Duty & Legal Fees	£14,700£14,700
Total Cash In	£95,950£95,950

Cash Out
Rent Range	£1,600 - £2,300£1,600 - £2,300
Rent Estimate	£1,613
Running Costs/mo	£1,358£1,358
Cashflow/mo	£255£255
Cashflow/yr	£3,057£3,057
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

27 sold prices from £140K to £410K, average is £320K. £4K/m² to £11.7K/m², average is £5.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£325K	05/23	0.06 mi	14, Taunton Way, Stanmore, Greater London HA7 1DQ	-	-	2	Flat
£360K	06/21	0.09 mi	477, Honeypot Lane, Stanmore, Greater London HA7 1JH	£5,911	61	2	Flat
£365K	07/23	0.09 mi	499, Honeypot Lane, Stanmore, Greater London HA7 1JH	-	-	2	Flat
£335K	05/21	0.18 mi	549, Honeypot Lane, Stanmore, Greater London HA7 1JQ	-	-	2	Flat
£345K	08/23	0.18 mi	559, Honeypot Lane, Stanmore, Greater London HA7 1JQ	£6,389	54	2	Flat
£331K	01/21	0.18 mi	81, Everton Drive, Stanmore, Greater London HA7 1EA	£6,896	48	2	Flat
£195K	02/21	0.22 mi	133, Everton Drive, Stanmore, Greater London HA7 1EB	£3,980	49	2	Flat
£335K	11/23	0.27 mi	49, Lowther Road, Stanmore, Greater London HA7 1ER	£11,713	29	2	Flat
£285K	07/21	0.51 mi	233, Beverley Drive, Edgware, Greater London HA8 5NL	£5,182	55	2	Flat
£275K	06/21	0.57 mi	125b, Ruskin Gardens, Harrow, Greater London HA3 9PY	£6,584	42	2	Flat
£280K	03/21	0.67 mi	24d, St Pauls Avenue, Harrow, Greater London HA3 9PS	£4,308	65	2	Flat
£320K	01/21	0.67 mi	456, Kenton Road, Harrow, Greater London HA3 9DN	-	-	2	Flat
£280K	09/23	0.77 mi	Flat 14, Pegasus Court, Kenton Road, Harrow, Greater London HA3 0XT	-	-	2	Flat
£265K	10/23	0.77 mi	Flat 6, Pegasus Court, Kenton Road, Harrow, Greater London HA3 0XT	-	-	2	Flat
£410K	06/21	0.8 mi	180a, Whitchurch Lane, Edgware, Greater London HA8 6QJ	£5,775	71	2	Flat
£333K	04/23	0.83 mi	267, Kenton Lane, Harrow, Greater London HA3 8RR	£4,500	74	2	Flat
£310K	05/23	0.85 mi	107, Scott Road, Edgware, Greater London HA8 5QR	-	-	2	Flat
£280K	09/22	0.86 mi	33, Woodgrange Avenue, Harrow, Greater London HA3 0XG	£5,714	49	2	Flat
£320K	08/23	0.9 mi	11, Warren Way, Edgware, Greater London HA8 5RB	-	-	2	Flat
£330K	06/21	0.91 mi	9, Winton Gardens, Edgware, Greater London HA8 6QP	-	-	2	Flat
£275K	04/21	0.92 mi	681, Kenton Road, Harrow, Greater London HA3 9RY	£4,661	59	2	Flat
£140K	11/22	0.94 mi	228, De Havilland Road, Edgware, Greater London HA8 5QD	-	-	2	Flat
£335K	06/21	0.95 mi	145, Whitchurch Lane, Edgware, Greater London HA8 6NZ	£5,154	65	2	Flat
£265K	02/21	0.98 mi	30, Methuen Close, Edgware, Greater London HA8 6HA	£5,196	51	2	Flat
£350K	05/23	0.98 mi	23, Methuen Close, Edgware, Greater London HA8 6HA	-	-	2	Flat
£275K	05/23	0.98 mi	16, Methuen Close, Edgware, Greater London HA8 6HA	£5,288	52	2	Flat
£325K	05/23	0.98 mi	28, Methuen Close, Edgware, Greater London HA8 6HA	£6,373	51	2	Flat

Local Rents

27 rents from £1.6K/mo to £2.3K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,750	01/25	0.16 mi	-	2	Flat
£1,750	04/24	0.18 mi	-	2	Flat
£1,600	12/24	0.19 mi	-	2	Flat
£1,600	04/24	0.19 mi	Everton Court, Honeypot Lane, Stanmore, HA7	2	Flat
£2,000	02/25	0.19 mi	-	2	Flat
£2,000	03/25	0.19 mi	-	2	Flat
£1,700	03/25	0.19 mi	-	2	Flat
£1,777	02/25	0.27 mi	-	2	Flat
£1,750	04/24	0.3 mi	Everton Drive, Stanmore	2	Flat
£1,650	12/24	0.4 mi	-	2	Flat
£1,800	12/24	0.43 mi	-	2	Terraced House
£1,600	12/24	0.51 mi	-	2	Flat
£1,700	12/24	0.52 mi	-	2	Flat
£2,300	07/24	0.53 mi	WESTMORELAND ROAD, Edgware, LONDON, NW9	2	Flat
£2,100	08/24	0.53 mi	-	2	Flat
£1,700	04/24	0.54 mi	-	2	Flat
£1,800	01/25	0.54 mi	-	2	Flat
£1,750	02/25	0.54 mi	-	2	Flat
£1,700	04/25	0.54 mi	-	2	Flat
£2,000	08/24	0.56 mi	Alpine Road, Queensbury, London, NW9	2	Flat
£2,200	08/24	0.59 mi	Alpine Road, London, NW9	2	Flat
£2,200	07/24	0.59 mi	Alpine Road London NW9	2	Flat
£2,050	08/24	0.59 mi	Alpine Road London NW9	2	Flat
£2,000	12/23	0.6 mi	Cypress Court, Alpine Road, Kingsbury	2	Flat
£2,000	07/24	0.6 mi	Alpine Road London NW9	2	Flat
£1,850	06/24	0.6 mi	Alpine Road, London, NW9	2	Flat
£1,850	07/24	0.6 mi	Alpine Road, London, NW9	2	Flat

Local Area Statistics

Population in HA7	35,97635,976
Town centre distance	1.47 miles away1.47 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.38 miles away0.38 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 £325,000

-15%

September 13, 2024

Sold for £372,500

2015

Sold for £249,950

2005

Floor Plans

Description

Guide Price £325,000 - £350,000 +
Two Double Bedrooms +
Chain Free Sale +
First Floor +
Long Lease (130 years remaining) +
Close To Queensbury Station +
Easy Access To Shops & Transport Links +
Communal Grounds +
Communal Permit Parking +

**QUOTE REF - NL0627 ** The apartment is ideally situated in a prime location, offering easy access to public transport, with Queensbury Station only a short walk away. This station provides a direct link to central London via the Jubilee Line, making commuting effortless for city workers or anyone who enjoys the vibrant lifestyle that London has to offer. Additionally, a variety of local shops, cafes, and restaurants are within easy reach, ensuring that all your daily necessities and leisure activities are just minutes from your doorstep. The surrounding neighborhood of Stanmore is known for its family-friendly environment, excellent schools, and lush green spaces. Residents can enjoy leisurely walks in the nearby parks or take advantage of the recreational facilities available in the area. The community is also well-connected to major road networks, providing easy access to the M1 and M25 motorways.

Agent Details

eXp UK, London

03304 609968

Next Steps?

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