3 Bed Semi-Detached House, Planning Permission, Harrow, HA2 8EH, £620,000

Corbins Lane, Harrow, HA2 8EH - 3 views - 7 months ago

Sold STC
Planning
ROI: 1%
~93 m²
+14 photos

ValuationOvervalued

Sold Prices£195K - £825K
Sold Prices/m²£4.1K/m² - £7.9K/m²

 

 

Square Metres

~93 m²
Price/m²£6.7K/m²

Value Estimate

£541,343

 

 

End Value (After Refurb)

£546,375

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£155,000

Stamp Duty & Legal Fees

£38,300

Refurb Costs

£49,200

Bridging Loan Interest

£16,275

Total Cash In

£260,525

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£546,375

Mortgage (After Refinance)

£409,781

Mortgage LTV

75%

Cash Left In

£260,525

Equity

£136,594

Rent Range

£1,850 - £2,950

Rent Estimate

£2,338

Running Costs/mo

£2,195

Cashflow/mo

£143

Cashflow/yr

£1,716

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £195K to £825K, average is £500K. £4.1K/m² to £7.9K/m², average is £5.8K/m².

PriceDateDistanceAddressBeds 
£408.3K02/210.09 mi38, Beechwood Avenue, Harrow, Greater London HA2 8BY3
£545K06/210.14 mi1, Maple Avenue, Harrow, Greater London HA2 8DG3
£497K02/210.15 mi102, Park Lane, Harrow, Greater London HA2 8NL3
£535K06/210.15 mi84, Park Lane, Harrow, Greater London HA2 8NL3
£600K06/210.15 mi132, Park Lane, Harrow, Greater London HA2 8NL3
£505K03/230.16 mi25, Park Mead, Harrow, Greater London HA2 8NQ3
£488K08/230.2 mi80, Roxeth Green Avenue, Harrow, Greater London HA2 8AG3
£440K11/210.2 mi3, Leathsail Road, Harrow, Greater London HA2 8EW3
£490K03/210.21 mi21, Sandringham Crescent, Harrow, Greater London HA2 9BW3
£415K01/230.23 mi67, Sherwood Road, Harrow, Greater London HA2 8AP3
£515K06/210.23 mi72, Sandringham Crescent, Harrow, Greater London HA2 9BT3
£465K04/210.25 mi13, St Margarets Avenue, Harrow, Greater London HA2 8BZ3
£530K08/230.27 mi37, Park Lane, Harrow, Greater London HA2 8NW3
£390K11/200.28 mi1, Monks Close, Harrow, Greater London HA2 0RD3
£500K02/230.29 mi4, Wargrave Road, South Harrow, Harrow, Greater London HA2 8LN3
£444K03/210.29 mi9, Wargrave Road, Harrow, Greater London HA2 8LL3
£458.5K07/210.29 mi19, Scarsdale Road, Harrow, Greater London HA2 8LP3
£545K09/230.29 mi27, Scarsdale Road, Harrow, Greater London HA2 8LP3
£470K03/230.3 mi7, Sherwood Road, Harrow, Greater London HA2 8AW3
£465K04/210.3 mi52, Sherwood Road, Harrow, Greater London HA2 8AR3
£470K04/210.3 mi56, Sherwood Road, Harrow, Greater London HA2 8AR3
£430K02/210.31 mi31, Stanley Road, Harrow, Greater London HA2 8AY3
£465K12/200.32 mi26, Eastcote Road, Harrow, Greater London HA2 8LG3
£592K06/230.34 mi77, Windsor Crescent, Harrow, Greater London HA2 8QN3
£565K07/230.38 mi36, Wood End Avenue, Harrow, Greater London HA2 8NX3
£435K06/210.38 mi50, Windsor Crescent, Harrow, Greater London HA2 8QW3
£480K03/210.39 mi38, Abercorn Crescent, Harrow, Greater London HA2 0PT3
£505K09/230.4 mi8, Scott Crescent, Harrow, Greater London HA2 0SP3
£590K07/230.4 mi58, South Hill Avenue, Harrow, Greater London HA2 0NQ3
£575K01/210.42 mi21, Wood End Avenue, Harrow, Greater London HA2 8NU3
£520K02/210.43 mi44, Tregenna Avenue, Harrow, Greater London HA2 8QS3
£500K02/210.43 mi38, Westwood Avenue, Harrow, Greater London HA2 8NS3
£426K11/200.44 mi32, Dudley Road, Harrow, Greater London HA2 0PR3
£490K06/210.44 mi43, Alexandra Avenue, Harrow, Greater London HA2 8PQ3
£450K11/200.45 mi67, Dudley Road, Harrow, Greater London HA2 0PS3
£490K02/230.45 mi180, Roxeth Green Avenue, Harrow, Greater London HA2 0QW3
£520K09/230.45 mi159, Welbeck Road, Harrow, Greater London HA2 0RY3
£558K11/220.46 mi162, Roxeth Green Avenue, Harrow, Greater London HA2 0QW3
£825K12/220.47 mi65, Brooke Avenue, Harrow, Greater London HA2 0ND3
£600K03/230.5 mi17, Hillside Crescent, Harrow, Greater London HA2 0QU3
£445.5K12/200.5 mi51, Hillside Crescent, Harrow, Greater London HA2 0QU3
£195K06/230.52 mi23, Tregenna Avenue, Harrow, Greater London HA2 8QH3
£565K12/220.53 mi22, Halsbury Road West, Northolt, Greater London UB5 4PN3
£602K03/230.55 mi107, Welbeck Road, Harrow, Greater London HA2 0RU3
£625K05/230.55 mi123, Welbeck Road, Harrow, Greater London HA2 0RU3
£519K03/210.55 mi32, Clitheroe Avenue, Harrow, Greater London HA2 9UX3
£480K09/230.55 mi92, Clitheroe Avenue, Harrow, Greater London HA2 9UX3
£500K06/230.55 mi68, Clitheroe Avenue, Harrow, Greater London HA2 9UX3
£500K02/230.55 mi180, Twyford Road, Harrow, Greater London HA2 0SN3
£575K04/230.57 mi106, Carlyon Avenue, Harrow, Greater London HA2 8SW3

Local Rents

40 rents from £1.9K/mo to £3K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£1,85012/240.15 mi-3
£1,85012/240.15 mi-3
£1,85001/250.17 mi-3
£1,85001/250.17 mi-3
£1,87504/240.18 miValentine Road, Harrow3
£2,00003/250.2 mi-3
£2,15004/250.2 mi-3
£2,10004/250.2 mi-3
£2,00004/250.21 mi-3
£2,40003/250.21 mi-3
£2,50012/240.23 mi-3
£2,75012/240.26 mi-3
£2,00002/250.29 mi-3
£2,30012/240.29 mi-3
£2,20003/250.3 mi-3
£2,40004/250.33 mi-3
£2,60002/240.33 miRoxeth Grove, South Harrow, Harrow, HA23
£2,25004/240.33 miParkfield Road3
£2,20012/240.35 mi-3
£2,10003/250.41 mi-3
£2,20001/250.42 mi-3
£2,40003/250.43 mi-3
£2,95001/250.43 mi-3
£2,20004/240.44 miBrooke Avenue, South Harrow, Harrow, HA23
£2,50004/240.45 miDudley Road, Harrow3
£2,45003/250.5 mi-3
£2,25002/240.51 miArundel Drive, Harrow, HA23
£2,80012/240.52 mi-3
£2,40004/250.55 mi-3
£2,40003/250.55 mi-3
£2,10002/250.56 mi-3
£2,30002/240.56 miKings Road, Harrow3
£2,20012/240.57 mi-3
£2,30004/250.57 mi-3
£2,30002/250.59 mi-3
£2,10003/240.59 miOxleay Road, Harrow, Greater London, HA23
£2,60004/240.6 mi-3
£2,25003/250.6 mi-3
£2,35012/240.6 mi-3
£2,30004/250.61 mi-3

Local Area Statistics

Population in HA2

55,273

Population in Harrow

164,559

Town centre distance

1.88 miles away

Nearest school

0.20 miles away

Nearest train station

0.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Buyer's market

Capital growth (5yrs)

+25%

Property History

Listed for £620,000

September 18, 2024

Floor Plans

Description

  • Semi Detached House +
  • Three Bedrooms +
  • Through Lounge +
  • Fitted Kitchen +
  • Shower Room +
  • Downstairs WC +
  • Garden +
  • Off Street Parking +
  • Garage +
  • Planning Permission For Extensions, Double Storey Side, Single Rear & Loft +

This well-presented extended three-bedroom semi-detached house on Corbins Lane, Harrow, offers a spacious through-lounge, fitted kitchen, downstairs WC, and a large rear garden with garage own drive. The property comes with planning permission for 2 double bedroom flats by way of a double-storey side extension, 6 metre single storey rear extension, and loft conversion, providing excellent potential for expansion. Conveniently located near South Harrow’s shopping center, Piccadilly Line Tube Station, and local schools, this home is ideal for both families and investors. (Freehold, Council Tax Band: E).

Internally - This is a well presented semi detached house. The front door opens into a welcoming porch, leading into a spacious hallway with stairs to the first-floor landing. From the hallway, access is provided to a bright and airy through-lounge, featuring a large bay window at the front, and sliding patio doors at the rear, offering a seamless flow to the garden. The hallway also leads to an inner lobby, where you'll find a convenient downstairs WC and a well-equipped kitchen. The kitchen is fitted with matching wall and base units, providing ample worktop space, a gas hob with extractor fan, a stainless steel sink with drainer, and a practical serving hatch.

Upstairs, the first-floor landing grants access to two generously sized double bedrooms, both with built-in wardrobes, and a single bedroom with a front-facing window. The fully tiled shower room features a wall-hung sink and a heated towel rail, with a separate WC completing the layout.

Externally - Off street parking.
Garage with door to the rear that provides access to the utility room which has a door providing access to the rear garden with patio area and large laid to lawn area.

Location - Corbins Lane is conveniently located with a short walk to South Harrow's shopping centre, bus services and Piccadilly Line Tube Station. Some of the local shops include Aldi Supermarket, Asda, and Iceland. There are a number of local schools which include The Welldon Park Academy 0.2 miles away, Alexandra School, Heathland School, Harrow Independent College and Rooks Heath College all 0.6 miles away.

Additional Information - Council Tax Band E - £2,794.40
Has planning permission for two flats including full width rear extension, double storey side extension and loft conversion.

Agent Details

David Conway & Co, South Harrow - Sales

020 3872 3024

Next Steps?

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