3 Bed Terraced House, Planning Permission, Southall, UB1 3JS, £485,000

Edison Drive, London, UB1 3JS - 4 views - 6 months ago

Planning
ROI: 2%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£385K - £640K
Sold Prices/m²£4.8K/m² - £7.1K/m²

 

 

Square Metres

~93 m²
Price/m²£5.2K/m²

Value Estimate

£494,700

 

 

End Value (After Refurb)

£467,022

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£121,250

Stamp Duty & Legal Fees

£27,500

Refurb Costs

£49,088

Bridging Loan Interest

£12,731

Total Cash In

£212,319

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£467,022

Mortgage (After Refinance)

£350,266

Mortgage LTV

75%

Cash Left In

£212,319

Equity

£116,755

Rent Range

£2,150 - £3,000

Rent Estimate

£2,357

Running Costs/mo

£1,951

Cashflow/mo

£406

Cashflow/yr

£4,874

ROI

2%

Gross Yield

6%

Local Sold Prices

52 sold prices from £385K to £640K, average is £485K. £4.8K/m² to £7.1K/m², average is £5.5K/m².

PriceDateDistanceAddressBeds 
£476K10/220.11 mi29, Telford Road, Southall, Greater London UB1 3JG3
£385K03/220.13 mi4, Faraday Road, Southall, Greater London UB1 3JL3
£445K06/220.13 mi7, Panhard Place, Southall, Greater London UB1 3JJ3
£450K04/240.13 mi1, Panhard Place, Southall, Greater London UB1 3JJ3
£425K01/240.2 mi17, Farm Close, Southall, Greater London UB1 3JF3
£590K06/210.21 mi156, Kings Avenue, Greenford, Greater London UB6 9DF3
£480K05/230.21 mi25, Queens Avenue, Greenford, Greater London UB6 9BU3
£565K08/220.23 mi117, Dormers Wells Lane, Southall, Greater London UB1 3JA3
£540K04/230.24 mi37, Hurley Road, Greenford, Greater London UB6 9EZ3
£470K06/210.3 mi112, Allenby Road, Southall, Greater London UB1 2HJ3
£500K05/230.3 mi65, Dormers Wells Lane, Southall, Greater London UB1 3HX3
£475K10/230.35 mi92, Burns Avenue, Southall, Greater London UB1 2LT3
£475K10/230.35 mi92, Burns Avenue, Southall, Greater London UB1 2LT3
£495K07/230.35 mi68, Masefield Avenue, Southall, Greater London UB1 2NE3
£535K05/240.35 mi52, Masefield Avenue, Southall, Greater London UB1 2NE3
£480K06/210.36 mi168, Allenby Road, Southall, Greater London UB1 2HN3
£512K02/240.36 mi204, Allenby Road, Southall, Greater London UB1 2HN3
£540K07/230.38 mi28, St Ursula Road, Southall, Greater London UB1 2TH3
£560K05/210.39 mi79, Burns Avenue, Southall, Greater London UB1 2LS3
£530K04/230.39 mi64, Burns Avenue, Southall, Greater London UB1 2LS3
£475K06/210.4 mi52, Keats Way, Greenford, Greater London UB6 9HE3
£527.5K11/210.41 mi7, Dormers Avenue, Southall, Greater London UB1 2SP3
£460K04/220.41 mi23, Manaton Crescent, Southall, Greater London UB1 2SY3
£430K10/230.42 mi17, Manaton Crescent, Southall, Greater London UB1 2SY3
£430K10/230.42 mi17, Manaton Crescent, Southall, Greater London UB1 2SY3
£450K06/210.43 mi165, North Road, Southall, Greater London UB1 2JY3
£469K11/200.44 mi73, Windmill Lane, Greenford, Greater London UB6 9DR3
£525K09/230.44 mi75, Windmill Lane, Greenford, Greater London UB6 9DR3
£460K12/200.45 mi11, Portland Crescent, Greenford, Greater London UB6 9EU3
£510K09/230.45 mi66, Kingsley Avenue, Southall, Greater London UB1 2NB3
£525K04/230.47 mi32, Milford Road, Southall, Greater London UB1 3QQ3
£470K05/210.47 mi59, Portland Crescent, Greenford, Greater London UB6 9EX3
£515K04/230.48 mi42, Dormers Avenue, Southall, Greater London UB1 2SR3
£463K05/210.48 mi66, Allendale Avenue, Southall, Greater London UB1 2SW3
£452K04/240.48 mi60, Allendale Avenue, Southall, Greater London UB1 2SW3
£570K08/220.49 mi4, Burns Avenue, Southall, Greater London UB1 2LP3
£600K02/230.49 mi19, Burns Avenue, Southall, Greater London UB1 2LP3
£445K04/210.51 mi92, Somerset Road, Southall, Greater London UB1 2TU3
£580K07/230.51 mi3, Stanhope Road, Greenford, Greater London UB6 9EE3
£473K01/240.51 mi38, Stanhope Road, Greenford, Greater London UB6 9EE3
£500K11/220.51 mi258, Greenford Road, Greenford, Greater London UB6 9AR3
£402K01/230.52 mi140, Windmill Lane, Greenford, Greater London UB6 9DZ3
£500K11/230.52 mi48, Allendale Avenue, Southall, Greater London UB1 2SN3
£590K04/240.52 mi50, Portland Crescent, Greenford, Greater London UB6 9EY3
£560K11/200.53 mi134, Uxbridge Road, Southall, Greater London UB1 3DP3
£465K06/210.53 mi63, Dormers Avenue, Southall, Greater London UB1 2SS3
£400K04/210.54 mi11, Cedar Grove, Southall, Greater London UB1 2XD3
£490K06/210.55 mi16, Derwent Road, Southall, Greater London UB1 2UJ3
£640K07/220.56 mi196, Uxbridge Road, Southall, Greater London UB1 3DX3
£453K04/210.56 mi45, Rutland Road, Southall, Greater London UB1 2UP3
£495K04/210.57 mi30, Somerset Road, Southall, Greater London UB1 2TR3
£520K11/230.59 mi1, Denbigh Road, Southall, Greater London UB1 2RP3

Local Rents

15 rents from £2.1K/mo to £3K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,80004/250.05 mi-3
£2,70004/250.05 mi-3
£2,50009/240.11 mi-3
£2,30012/240.15 mi-3
£2,25011/240.15 mi-3
£2,15010/240.18 mi-3
£2,40010/240.41 miWaxlow Crescent, Southall3
£2,50001/250.49 mi-3
£2,50010/240.51 miStanhope Road, Greenford3
£2,35004/250.52 mi-3
£2,45003/250.52 mi-3
£2,50001/250.57 mi-3
£3,00004/250.6 mi-3
£2,65004/250.61 mi-3
£2,60002/250.62 mi-3

Local Area Statistics

Population in UB1

39,848

Population in Southall

72,273

Town centre distance

0.69 miles away

Nearest school

0.20 miles away

Nearest train station

1.05 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £485,000

October 15, 2024

Floor Plans

Description

  • Three Bedrooms +
  • Mid Terrace +
  • Southall UB1 +
  • Two Bathrooms +
  • Good Condition +
  • Close To Amenities +

This well-maintained three-bedroom mid-terrace house offers spacious living and is perfect for families. The property features two bright reception rooms, a separate kitchen, and two bathrooms, providing ample space for comfortable living.

All three bedrooms are generously sized double rooms, ensuring plenty of space for the whole family. The property is in good condition throughout and presents an opportunity for further extensions, subject to obtaining planning permission.

Ideally situated just off Dormers Wells Lane, the house is within walking distance of excellent local schools and offers convenient transport links to Southall and Greenford. This is a fantastic opportunity to secure a well-presented family home in a highly desirable location.

Agent Details

haart, Greenford

020 3840 3960

Next Steps?

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