2 Bed Flat, Single Let, UB6 0AJ, £325,000

Greenford Road, Greenford, Middlesex, UB6 0AJ - 2 views - 6 months ago

Leasehold

BTL

ROI: 5%

~68 m²

+2 photos

ValuationUndervalued

Sold Prices	£200K - £430K
Sold Prices/m²	£4.6K/m² - £7K/m²

Square Metres	~68.11 m²
Price/m²	£4.8K/m²
Value Estimate	£395,287£395,287
BMV	22%

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	£1,550 - £2,552£1,550 - £2,552
Rent Estimate	£1,831
Running Costs/mo	£1,402£1,402
Cashflow/mo	£429£429
Cashflow/yr	£5,150£5,150
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

27 sold prices from £200K to £430K, average is £335K. £4.6K/m² to £7K/m², average is £5.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£275K	06/21	0.34 mi	1520, Greenford Road, Greenford, Greater London UB6 0HR	-	-	2	Flat
£338K	05/21	0.48 mi	6, Northolt Gardens, Greenford, Greater London UB6 0LS	£5,902	57	2	Flat
£308K	07/21	0.52 mi	9, Carlton Close, Northolt, Greater London UB5 4LQ	£5,049	61	2	Flat
£275K	11/22	0.71 mi	20, Allington Close, Greenford, Greater London UB6 8PH	£4,583	60	2	Flat
£350K	08/23	0.75 mi	27, Thomas A Beckett Close, Wembley, Greater London HA0 2SH	£5,385	65	2	Flat
£255K	09/21	0.8 mi	37a, Blenheim Road, Northolt, Greater London UB5 4TW	-	-	2	Flat
£360K	05/23	0.8 mi	37a, Blenheim Road, Northolt, Greater London UB5 4TW	-	-	2	Flat
£345K	04/21	0.83 mi	105a, Birkbeck Avenue, Greenford, Greater London UB6 8LY	£7,041	49	2	Flat
£307.5K	11/20	0.84 mi	19, Wood End Lane, Northolt, Greater London UB5 4JN	£6,150	50	2	Flat
£350K	06/23	0.86 mi	30, Sudbury Croft, Wembley, Greater London HA0 2QW	£5,826	60	2	Flat
£290K	06/23	0.88 mi	25, Cherry Gardens, Northolt, Greater London UB5 4RG	£5,370	54	2	Flat
£340K	11/22	0.88 mi	15, Stanley Avenue, Greenford, Greater London UB6 8NW	£6,296	54	2	Flat
£337.5K	12/22	0.89 mi	33a, Stanley Avenue, Greenford, Greater London UB6 8NW	-	-	2	Flat
£260K	06/23	0.89 mi	7a, Stanley Avenue, Greenford, Greater London UB6 8NW	£4,906	53	2	Flat
£200K	01/23	0.89 mi	29, Sudbury Croft, Wembley, Greater London HA0 2QW	-	-	2	Flat
£335K	06/23	0.93 mi	85, Petts Hill, Northolt, Greater London UB5 4NS	£6,569	51	2	Flat
£295K	06/21	0.94 mi	127a, Kingsley Road, Harrow, Greater London HA2 8LF	£4,683	63	2	Flat
£320K	02/21	0.95 mi	39, Dorchester Road, Northolt, Greater London UB5 4PB	£6,154	52	2	Flat
£270K	09/23	0.96 mi	197, Carr Road, Northolt, Greater London UB5 4RJ	£6,136	44	2	Flat
£335K	03/21	0.98 mi	3, Newmarket Avenue, Northolt, Greater London UB5 4HB	-	-	2	Flat
£325K	11/21	0.98 mi	7, Dorchester Close, Northolt, Greater London UB5 4PE	£5,804	56	2	Flat
£340K	05/23	0.98 mi	8, Dorchester Close, Northolt, Greater London UB5 4PE	-	-	2	Flat
£430K	06/23	0.98 mi	Flat 6, Bermuda House, Mount Park Road, Harrow, Greater London HA1 3XH	-	-	2	Flat
£350K	12/22	1 mi	11a, Central Road, Wembley, Greater London HA0 2LQ	-	-	2	Flat
£307K	06/21	1 mi	1a, Wetherby Close, Northolt, Greater London UB5 4ED	-	-	2	Flat
£350K	07/21	1 mi	3, Wetherby Close, Northolt, Greater London UB5 4ED	£5,932	59	2	Flat
£339K	03/23	1 mi	7a, Wetherby Close, Northolt, Greater London UB5 4ED	£5,436	62	2	Flat

Local Rents

18 rents from £1.6K/mo to £2.6K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,750	10/24	0.13 mi	-	2	Flat
£2,095	02/25	0.2 mi	-	2	Terraced House
£2,368	10/24	0.23 mi	The Glassworks, Greenford, Middlesex, UB6	2	Flat
£2,382	10/24	0.23 mi	The Glassworks, Greenford, Middlesex, UB6	2	Flat
£2,552	10/24	0.23 mi	The Glassworks, Greenford, Middlesex, UB6	2	Flat
£2,471	10/24	0.29 mi	Oldfield Lane North, Greenford, Middlesex, UB6	2	Flat
£2,538	10/24	0.29 mi	Oldfield Lane North, Greenford, Middlesex, UB6	2	Flat
£1,900	01/25	0.34 mi	-	2	Flat
£2,000	03/25	0.42 mi	-	2	Flat
£1,550	03/25	0.43 mi	-	2	Flat
£1,650	03/25	0.46 mi	-	2	Flat
£1,800	02/25	0.48 mi	-	2	Terraced House
£1,850	12/24	0.5 mi	-	2	Flat
£1,850	12/24	0.5 mi	-	2	Flat
£1,850	12/24	0.5 mi	-	2	Flat
£2,000	10/24	0.5 mi	-	2	Bungalow
£1,600	01/25	0.57 mi	-	2	Flat
£1,850	12/24	0.59 mi	-	2	Flat

Local Area Statistics

Population in UB6	50,94850,948
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.45 miles away0.45 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+23%+23%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+19%+19%

Property History

Listed for £325,000

September 24, 2024

Floor Plans

Description

GAS CENTRAL HEATING +
DOUBLE GLAZING +
19'7 RECEPTION ROOM +
SECURE UNDERGROUND PARKING +
ENTRYPHONE SYSTEM +
NO UPPER CHAIN +
COUNCIL TAX BAND D +

TWO BEDROOM GROUND FLOOR FLAT
Constructed in 2003 the property is located less than ½ mile from Sudbury Hill Piccadilly Line zone 4 or Chiltern Branch Line stations and is just over ½ mile from Greenford Central Line zone 4 station. 92, H17 and 487 bus routes all run within a few hundred yards and the property is approximately ½ mile from Horsenden Hill open space and the David Lloyd Leisure Centre.

Agent Details

Phillips & Co, Greenford

020 8864 5678

Next Steps?

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

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