2 Bed Flat, Single Let, Southall, UB1 3HT, £275,000

Dormers Wells Lane, Southall, UB1 3HT - 1 views - 6 months ago

Under Offer

Leasehold

BTL

ROI: 6%

~68 m²

+3 photos

ValuationUndervalued

Sold Prices	£137.5K - £467.5K
Sold Prices/m²	£2.5K/m² - £6.7K/m²

Square Metres	~68.11 m²
Price/m²	£4K/m²
Value Estimate	£303,314£303,314
BMV	10%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£68,750£68,750
Stamp Duty & Legal Fees	£10,700£10,700
Total Cash In	£79,450£79,450

Cash Out
Rent Range	£1,600 - £2,100£1,600 - £2,100
Rent Estimate	£1,600
Running Costs/mo	£1,199£1,199
Cashflow/mo	£401£401
Cashflow/yr	£4,808£4,808
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

26 sold prices from £137.5K to £467.5K, average is £291K. £2.5K/m² to £6.7K/m², average is £4.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£195K	06/21	0.05 mi	9, Mark Close, Southall, Greater London UB1 3QJ	£3,421	57	2	Flat
£300K	09/22	0.05 mi	11, Atherton Place, Southall, Greater London UB1 3QT	£4,762	63	2	Flat
£280K	10/21	0.08 mi	11, Addison Place, Southall, Greater London UB1 3QX	-	-	2	Flat
£292K	05/23	0.19 mi	12a, Melrose Drive, Southall, Greater London UB1 3QA	-	-	2	Flat
£467.5K	06/21	0.39 mi	4, Boyd Avenue, Southall, Greater London UB1 3BT	-	-	2	Flat
£350K	12/20	0.41 mi	174, North Road, Southall, Greater London UB1 2JX	-	-	2	Flat
£427K	04/21	0.44 mi	Flat 5, Chaucer House, Hilda Road, Southall, Greater London UB2 4FN	£4,106	104	2	Flat
£320K	03/23	0.45 mi	46, Mount Avenue, Southall, Greater London UB1 2LH	£4,324	74	2	Flat
£289.9K	11/22	0.46 mi	28, Cubitt Square, Southall, Greater London UB2 4UA	£6,443	45	2	Flat
£250K	10/21	0.51 mi	16, Swan Road, Southall, Greater London UB1 3JT	£2,874	87	2	Flat
£137.5K	06/21	0.52 mi	12, Cubitt Square, Southall, Greater London UB2 4UA	£2,546	54	2	Flat
£280K	08/23	0.52 mi	11, Whittle Close, Southall, Greater London UB1 3JU	£3,957	71	2	Flat
£220K	10/22	0.53 mi	54, Wallis Road, Southall, Greater London UB1 3LA	£4,490	49	2	Flat
£320K	11/20	0.63 mi	Flat 30, Osterley Views, West Park Road, Southall, Greater London UB2 4UN	-	-	2	Flat
£460K	06/21	0.64 mi	Flat 2, Artesian Lodge, Hilda Road, Southall, Greater London UB2 4FL	£6,301	73	2	Flat
£268K	06/23	0.64 mi	20, Greenford Road, Greenford, Greater London UB6 9AT	-	-	2	Flat
£390K	06/21	0.64 mi	Flat 32, Osterley Gardens, Chevy Road, Southall, Greater London UB2 4UW	-	-	2	Flat
£330K	10/22	0.64 mi	7, Barbican Road, Greenford, Greater London UB6 9DH	£5,156	64	2	Flat
£286K	08/23	0.66 mi	58, Barbican Road, Greenford, Greater London UB6 9DH	£5,651	51	2	Flat
£265K	04/21	0.66 mi	13, Barbican Road, Greenford, Greater London UB6 9DH	£4,417	60	2	Flat
£275K	02/21	0.67 mi	Flat 9, St. Crispins Court, St Crispins Close, Southall, Greater London UB1 2UT	-	-	2	Flat
£357K	03/23	0.71 mi	202, Lady Margaret Road, Southall, Greater London UB1 2RU	£5,302	67	2	Flat
£256K	02/23	0.89 mi	23a, Portland Road, Southall, Greater London UB2 4BX	-	-	2	Flat
£350K	03/21	0.9 mi	2b, Portland Crescent, Greenford, Greater London UB6 9EU	-	-	2	Flat
£220K	02/23	0.98 mi	173, Berwick Avenue, Hayes, Greater London UB4 0NJ	-	-	2	Flat
£415K	12/23	0.99 mi	11, Brentmead Close, London, Greater London W7 3EW	£6,694	62	2	Flat

Local Rents

17 rents from £1.6K/mo to £2.1K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,600	12/24	0.03 mi	-	2	Flat
£2,000	10/24	0.03 mi	-	2	Flat
£1,700	10/24	0.19 mi	-	2	Flat
£1,800	01/25	0.33 mi	-	2	Flat
£1,600	10/24	0.45 mi	-	2	Flat
£1,650	10/24	0.45 mi	-	2	Flat
£1,600	11/24	0.45 mi	-	2	Flat
£1,700	03/25	0.45 mi	-	2	Flat
£1,800	01/25	0.56 mi	-	2	Flat
£2,100	02/25	0.58 mi	-	2	Flat
£2,100	02/25	0.58 mi	-	2	Flat
£2,100	02/25	0.58 mi	-	2	Flat
£1,800	01/25	0.59 mi	-	2	Flat
£1,700	10/24	0.59 mi	-	2	Flat
£1,900	02/25	0.59 mi	-	2	Flat
£1,700	02/25	0.6 mi	-	2	Flat
£2,000	03/25	0.61 mi	-	2	Terraced House

Local Area Statistics

Population in UB1	39,84839,848
Population in Southall	72,27372,273
Town centre distance	0.35 miles away0.35 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.72 miles away0.72 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+23%+23%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+27%+27%

Property History

Listed for £275,000

September 16, 2024

Floor Plans

Description

Two Bedrooms +
Spacious +
Leasehold +
Walking Distance To Uxbridge Road +
Two Double Bedrooms +
Great Location +

Brian Cox and Company are delighted to bring to the market this fantastic size two bedroom first floor apartment. The property briefly comprises a large living area with fitted kitchen, a fully tiled family size bathroom and two double bedrooms. Further benefits include double glazing, gas central heating and communal garden. All in all this is one not to be missed so call now to arrange an appointment to view!!

Agent Details

Brian Cox, Northolt

020 3909 6488

Next Steps?

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

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