Potential 4-Bed HMO, Hounslow, TW3 4BJ, £500,000

Spring Grove Road, Hounslow, TW3 4BJ - 3 views - 6 months ago

HMO
ROI: 3%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£374K - £855K
Sold Prices/m²£4K/m² - £7.6K/m²

 

 

Square Metres

~93 m²
Price/m²£5.4K/m²

Value Estimate

£550,030
BMV10%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£38,700

Total Cash In

£163,700

 

 

Cash Out

 

Room Rate

£802

Gross Rent

£3,208

Running Costs/mo

£2,785

Cashflow/mo

£423

Cashflow/yr

£5,082

ROI

3%

Gross Yield

8%

Local Sold Prices

51 sold prices from £374K to £855K, average is £535K. £4K/m² to £7.6K/m², average is £6K/m².

PriceDateDistanceAddressBeds 
£451.8K10/230.05 mi39, Spring Grove Road, Hounslow, Greater London TW3 4BF3
£490K10/210.09 mi139, Kingsley Road, Hounslow, Greater London TW3 4AS3
£577K06/210.14 mi89, Spring Grove Crescent, Hounslow, Greater London TW3 4DA3
£480K04/230.15 mi131, Spring Grove Road, Hounslow, Greater London TW3 4BD3
£525K12/230.15 mi59, Spring Grove Road, Hounslow, Greater London TW3 4BD3
£500K02/210.19 mi41, Lampton Avenue, Hounslow, Greater London TW3 4EW3
£600K10/230.2 mi18, Lampton Avenue, Hounslow, Greater London TW3 4EN3
£492K03/210.22 mi64, Tiverton Road, Hounslow, Greater London TW3 4JD3
£520K12/200.22 mi41, Avonwick Road, Hounslow, Greater London TW3 4DX3
£570K12/230.22 mi46, Gresham Road, Hounslow, Greater London TW3 4BU3
£525K03/210.23 mi152, Spring Grove Road, Hounslow, Greater London TW3 4BP3
£565K02/230.23 mi136, Spring Grove Road, Hounslow, Greater London TW3 4BP3
£627.5K01/210.24 mi58, Jersey Road, Hounslow, Greater London TW5 0TX3
£533K11/200.31 mi8, Heston Road, Hounslow, Greater London TW5 0QJ3
£560K05/210.31 mi71, Kingsley Avenue, Hounslow, Greater London TW3 4AE3
£460K04/210.32 mi1, Chamberlain Gardens, Hounslow, Greater London TW3 4NF3
£395K02/210.33 mi78, Channel Close, Hounslow, Greater London TW5 0PJ3
£374K12/210.36 mi63, Myrtle Road, Hounslow, Greater London TW3 1QE3
£445K05/220.38 mi27, Guernsey Close, Hounslow, Greater London TW5 0PH3
£450K01/210.4 mi51, Spencer Road, Isleworth, Greater London TW7 4BN3
£535K10/230.4 mi57, Spencer Road, Isleworth, Greater London TW7 4BN3
£750K10/200.41 mi11, Penwerris Avenue, Isleworth, Greater London TW7 4QT3
£745K03/210.41 mi15, Penwerris Avenue, Isleworth, Greater London TW7 4QT3
£745K03/210.41 mi15, Penwerris Avenue, Isleworth, Greater London TW7 4QT3
£550K05/230.42 mi41, North Drive, Hounslow, Greater London TW3 1PT3
£415K01/210.43 mi48, Sark Close, Hounslow, Greater London TW5 0PZ3
£450K02/230.43 mi20, Sark Close, Hounslow, Greater London TW5 0PZ3
£625K08/210.43 mi73, Sutton Road, Hounslow, Greater London TW5 0PN3
£725K10/220.44 mi19, Camborne Way, Hounslow, Greater London TW5 0PW3
£710K01/210.46 mi4, Vincent Road, Isleworth, Greater London TW7 4LT3
£655K06/210.48 mi3, Herbert Place, Isleworth, Greater London TW7 4BU3
£590K07/230.49 mi54, Heston Road, Hounslow, Greater London TW5 0QP3
£572.5K12/210.49 mi44, Worton Gardens, Isleworth, Greater London TW7 4BB3
£540K01/230.49 mi128, The Drive, Hounslow, Greater London TW3 1PW3
£460K05/220.51 mi64, Sutton Hall Road, Hounslow, Greater London TW5 0PY3
£855K10/230.54 mi21, Eversley Crescent, Isleworth, Greater London TW7 4LR3
£855K10/230.54 mi21, Eversley Crescent, Isleworth, Greater London TW7 4LR3
£755K08/210.54 mi649, Great West Road, Isleworth, Greater London TW7 4PZ3
£590K10/220.55 mi45, Upper Sutton Lane, Hounslow, Greater London TW5 0PS3
£755K08/210.56 mi649, Great West Road, Isleworth, Greater London TW7 4PZ3
£510K09/210.56 mi11, Sarsen Avenue, Hounslow, Greater London TW3 4JN3
£475K05/210.57 mi86, Hogarth Gardens, Hounslow, Greater London TW5 0QT3
£725K09/230.58 mi7, The Drive, Isleworth, Greater London TW7 4AB3
£405K06/210.59 mi16, Inwood Road, Hounslow, Greater London TW3 1XE3
£655K10/220.6 mi21, Worton Way, Hounslow, Greater London TW3 1PN3
£760K10/200.6 mi31, Thornbury Avenue, Isleworth, Greater London TW7 4NF3
£435K04/230.61 mi2, Pears Road, Hounslow, Greater London TW3 1SY3
£510K03/230.61 mi55, Bulstrode Road, Hounslow, Greater London TW3 3AW3
£515K05/210.62 mi90, Bulstrode Avenue, Hounslow, Greater London TW3 3AD3
£500K02/210.62 mi120, The Crossways, Hounslow, Greater London TW5 0JR3
£525K03/210.62 mi3, Davies Walk, Isleworth, Greater London TW7 4HT3

Local Area Statistics

Population in TW3

39,554

Population in Hounslow

96,666

Town centre distance

1.05 miles away

Nearest school

0.20 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Balanced market

Capital growth (5yrs)

+61%

Property History

Price changed to £500,000

December 13, 2024

Listed for £525,000

October 21, 2024

Floor Plans

Description

  • HMO licence in place with Hounslow Council until March 25th 2027 +
  • No Forward Chain +
  • Large Basement +
  • Excellent Location +
  • Fantastic Potential +

Situated within walking distance of Hounslow East tube station, local schools and amenities, this three bedroom family home is offered to the market with no forward chain. The property is split over several floors and offers the potential to make an excellent family home. The ground floor offers a front reception room, open plan kitchen/diner and a bathroom. The first floor offers a master bedroom with built in wardrobes, second double bedroom, a good sized single bedroom and a family bathroom. There is also access to a large loft room, which could be converted to create another bedroom. The property also offers a basement level, consisting of two large rooms and an additional kitchen, with access to a covered rear garden. Resident permit parking is available. HMO licence in place with Hounslow Council until March 25th 2027.

Agent Details

Oakhill, Isleworth

020 3907 9803

Next Steps?

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