3 Bed Flat, Refurb/BRRR, Harrow, HA3 7TF, £700,000

Byron Road, Harrow, HA3 7TF - 1 views - 6 months ago

Refurb/BRRR
Planning
ROI: 1%
~93 m²
+7 photos

ValuationOvervalued

Sold Prices£160K - £858.3K
Sold Prices/m²£1.6K/m² - £9K/m²

 

 

Square Metres

~93 m²
Price/m²£7.5K/m²

Value Estimate

£452,461

 

 

End Value (After Refurb)

£542,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£175,000

Stamp Duty & Legal Fees

£44,700

Refurb Costs

£49,200

Bridging Loan Interest

£18,375

Total Cash In

£289,025

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£542,500

Mortgage (After Refinance)

£406,875

Mortgage LTV

75%

Cash Left In

£289,025

Equity

£135,625

Rent Range

£1,650 - £3,000

Rent Estimate

£2,324

Running Costs/mo

£2,180

Cashflow/mo

£144

Cashflow/yr

£1,727

ROI

1%

Gross Yield

4%

Local Sold Prices

25 sold prices from £160K to £858.3K, average is £415K. £1.6K/m² to £9K/m², average is £5.7K/m².

PriceDateDistanceAddressBeds 
£360K05/210.08 mi46, Aberdeen Road, Harrow, Greater London HA3 7NG3
£160K04/230.41 mi607a, Kenton Lane, Harrow, Greater London HA3 7HJ3
£440K07/230.58 mi20, Brinsley Road, Harrow, Greater London HA3 5HY3
£415K01/230.7 mi5, Badminton Close, Harrow, Greater London HA1 1UL3
£353K10/200.74 mi58a, Station Road, Harrow, Greater London HA1 2SQ3
£382K11/200.78 mi111a, Rosslyn Crescent, Harrow, Greater London HA1 2RY3
£441K08/230.81 mi46a, Nibthwaite Road, Harrow, Greater London HA1 1TA3
£363K12/200.96 mi32a, Warrington Road, Harrow, Greater London HA1 1SY3
£400K04/210.99 mi17, Radnor Road, Harrow, Greater London HA1 1RY3
£450K02/211.07 mi25a, Wellesley Road, Harrow, Greater London HA1 1QL3
£375K06/211.41 mi35a, Southfield Park, Harrow, Greater London HA2 6HF3
£660K06/211.45 mi5, Crowshott Avenue, Stanmore, Greater London HA7 1HL3
£325K04/211.46 mi37a, Vaughan Road, Harrow, Greater London HA1 4DP3
£480K06/211.61 mi31, Merryfield Gardens, Stanmore, Greater London HA7 4TG3
£245K03/231.64 mi58, The Broadway, Stanmore, Greater London HA7 4DU3
£480K10/231.68 mi15a, Imperial Drive, Harrow, Greater London HA2 7BP3
£420K06/231.68 mi15b, Imperial Drive, Harrow, Greater London HA2 7BP3
£350K01/241.71 mi30, Capel Gardens, Pinner, Greater London HA5 5RG3
£477K03/211.71 mi36, Laburnum Court, Stanmore, Greater London HA7 4JP3
£450K02/231.75 mi37, Dove Park, Hatch End, Pinner, Greater London HA5 4EB3
£380K11/201.78 mi679, Pinner Road, Pinner, Greater London HA5 5QZ3
£380K11/201.81 mi679, Pinner Road, Pinner, Greater London HA5 5QZ3
£858.3K08/211.83 miFlat 5, Amora, London Road, Stanmore, Greater London HA7 4PW3
£415K05/211.92 mi20, Springfield Close, Stanmore, Greater London HA7 3DE3
£757.5K11/201.99 mi33, King Henry Mews, Harrow, Greater London HA2 0JF3

Local Rents

30 rents from £1.6K/mo to £3K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,05004/240.18 miLorne Road, Harrow, Greater London, HA33
£1,85004/240.23 mi-3
£2,25003/240.23 miSpencer Road, Harrow3
£2,25003/250.26 mi-3
£2,20003/250.32 mi-3
£2,10004/240.33 miSancroft Road Harrow HA33
£2,45003/250.34 mi-3
£2,00004/240.36 miWhitefriars Avenue, Harrow3
£2,30012/240.36 mi-3
£2,60012/240.38 mi-3
£2,30002/250.39 mi-3
£2,40002/250.39 mi-3
£2,75004/240.43 miPark Crescent, HA33
£2,45004/240.44 mi-3
£3,00004/240.45 miFarmstead Road, Harrow3
£2,30004/240.49 mi-3
£2,30004/240.51 miCurzon Avenue, Stanmore, HA73
£2,95004/240.52 miEarl Crescent, HA13
£2,95004/240.52 miHarrow, HA13
£2,00002/240.53 miCollege Road, Harrow Weald3
£1,80012/240.53 mi-3
£2,00003/250.53 mi-3
£2,30012/240.55 mi-3
£2,30012/240.55 mi-3
£2,30004/240.55 miWoodcroft Avenue, Stanmore, HA73
£1,65001/250.55 mi-3
£1,65003/250.55 mi-3
£2,30002/250.56 mi-3
£2,40004/240.56 miWickham Road, Harrow, Middlesex HA33
£2,25003/250.57 mi-3

Local Area Statistics

Population in HA3

70,809

Population in Harrow

164,559

Town centre distance

0.89 miles away

Nearest school

0.20 miles away

Nearest train station

0.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Buyer's market

Capital growth (5yrs)

+12%

Property History

Listed for £700,000

September 26, 2024

Description

*REF JADOH*

*Book in for the OPEN HOUSE*

Investment & Development Opportunity – Block of Three Flats in Wealdstone with Approved Duplex Conversion Planning

Attention all investors, developers, and buyers!
Presenting a rare and exceptional opportunity to acquire a block of three charming flats in the heart of Wealdstone, complete with approved planning permission to convert two units into a spacious duplex apartment. Whether you’re looking to expand your portfolio, redevelop for profit, or secure a prime property in a high-demand area, this block offers everything you need.

Flat 1 – 1-Bedroom Flat | 377 sq ft
A delightful 1-bedroom flat perfect for first-time buyers, downsizers, or investors. This bright and airy flat boasts a well-sized reception room, modern bathroom, and a peaceful bedroom. Situated in a thriving area with fast transport links to Central London, it is a fantastic opportunity for those looking to secure a comfortable home or a high-demand rental property. The vibrant local area offers everything from shops and restaurants to parks, giving residents the best of urban and suburban life.

Flat 4 & Flat 5 –2 x 1-Bedroom Flat with Duplex Potential | 323 sq ft & 452sqft
This existing 2x 1-bedroom flat offers incredible scope for transformation. With approved planning permission already in place, you can convert this property into a stylish duplex apartment, maximising both the space and value. Whether you’re an investor or looking for your dream home, the renovation potential here is endless, and with the vibrant amenities of Wealdstone just moments away, this is a prime location to invest in.

Location & Connectivity
Located in highly sought-after Wealdstone, these flats offer the perfect blend of urban convenience and suburban tranquility. With Harrow & Wealdstone Station just a short walk away, Central London is less than 20 minutes from your doorstep. The area also boasts a wide range of shops, supermarkets, restaurants, and cafés, alongside beautiful parks offering a peaceful retreat.

Key Features
- Block of three flats, each offering unique opportunities
- Approved planning for duplex conversion in Flat 4 & Flat 5
- Ideal for first-time buyers, investors and developers
- Strong rental demand and excellent transport links
- Close to local amenities, schools, and green spaces
- Perfectly positioned for future growth and development

Open House – Register Now!
Don't miss out on this unique opportunity! Register now to attend our exclusive open house event and explore the endless possibilities these properties offer. Whether you’re looking to invest, develop, or secure a stylish home, this block of flats offers outstanding potential.

Contact us today to book your viewing and secure your place at the open house. Act fast – opportunities like this don’t last long!

Agent Details

Tyron Ash International Real Estate, London

03330 164235

Next Steps?

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