2 Bed Flat, Refurb/BRRR, Northolt, UB5 5NJ, £160,000

2 Clifford Close, Northolt, Greater London, UB5 5NJ - 65 views - 5 months ago

Leasehold
Cash
Refurb/BRRR
ROI: 4%
~68 m²
+1 photos

ValuationUndervalued

Sold Prices£152.4K - £415K
Sold Prices/m²£2.2K/m² - £6.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£164,800
BMV3%

 

 

End Value (After Refurb)

£355,539

Uplift in Value

+122%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£36,033

Bridging Loan Interest

£4,200

Total Cash In

£87,983

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£355,539

Agent Fees (1%)

£3,555

Bridging Loan

£120,000

Bridging Loan Interest

£4,200

Flip Profit

£144,001

Local Sold Prices

50 sold prices from £152.4K to £415K, average is £305K. £2.2K/m² to £6.2K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£267K01/230.04 mi176, Makepeace Road, Northolt, Greater London UB5 5UJ2
£200K02/210.06 mi26, Sycamore Close, Northolt, Greater London UB5 5BG2
£350K12/220.12 mi46, Garden Close, Northolt, Greater London UB5 5ND2
£343K12/220.18 mi10, Mulberry Close, Northolt, Greater London UB5 5PP2
£305K01/210.23 mi3, Gulliver Close, Northolt, Greater London UB5 5QB2
£325K02/230.3 mi7, Parkfield Drive, Northolt, Greater London UB5 5NR2
£355K09/230.44 mi116, Islip Manor Road, Northolt, Greater London UB5 5ED2
£280K06/210.46 mi29, Vanbrough Crescent, Northolt, Greater London UB5 5JR2
£335K10/200.53 miFlat 1, Allendale, Kensington Road, Northolt, Greater London UB5 6AH2
£191.3K09/200.55 mi57, Lamb Close, Northolt, Greater London UB5 6AJ2
£277.5K04/210.61 mi25, Banbury Walk, Northolt, Greater London UB5 6TJ2
£305K04/210.61 mi3, Petworth Close, Northolt, Greater London UB5 4HX2
£260K06/210.63 mi16, Priors Field, Northolt, Greater London UB5 5SG2
£272.5K03/230.63 mi13, Star Path, Northolt, Greater London UB5 6TQ2
£260K09/230.63 mi15, Fortunes Mead, Northolt, Greater London UB5 5SF2
£415K11/220.65 mi75, Aspen Lane, Northolt, Greater London UB5 6XG2
£265K03/210.67 mi11, Owen Close, Northolt, Greater London UB5 5TX2
£288K08/230.68 mi38, Union Road, Northolt, Greater London UB5 6UE2
£340K11/210.68 mi17, Westend Gardens, Northolt, Greater London UB5 6QR2
£320K02/230.69 mi109, Eastcote Lane, Northolt, Greater London UB5 5RH2
£315K11/230.69 mi219, Ealing Road, Northolt, Greater London UB5 5HS2
£305K01/230.7 mi138, Farrier Road, Northolt, Greater London UB5 6TY2
£300K05/230.7 miFlat 8, Argyll House, The Farmlands, Northolt, Greater London UB5 5EH2
£235K11/220.7 miFlat 37, Brecon House, Taywood Road, Northolt, Greater London UB5 6GU2
£290K11/230.7 miBrecon House, Flat 24, Taywood Road, Northolt, Greater London UB5 6GU2
£293K10/200.7 mi23, Millway Gardens, Northolt, Greater London UB5 5DU2
£345K02/230.7 mi212a, Ferrymead Avenue, Greenford, Greater London UB6 9TP2
£228K12/200.71 mi11a, Station Parade, Northolt, Greater London UB5 5HR2
£310K10/230.72 miFlat 1, Beaufort House, The Farmlands, Northolt, Greater London UB5 5EJ2
£285K11/200.73 mi71, Farrier Road, Northolt, Greater London UB5 6TU2
£375K03/230.73 mi60, Edward Road, Northolt, Greater London UB5 6QP2
£285K02/210.74 miApartment 2, Middlewich House, Taywood Road, Northolt, Greater London UB5 6GF2
£315K11/230.74 miMiddlewich House, Apartment 27, Taywood Road, Northolt, Greater London UB5 6GF2
£321K03/210.75 miFlat 5, Wellington House, The Farmlands, Northolt, Greater London UB5 5ET2
£308K12/200.75 miFlat 15, Wellington House, The Farmlands, Northolt, Greater London UB5 5ET2
£350K09/230.78 mi15, Rushdene Crescent, Northolt, Greater London UB5 6NE2
£250K10/230.78 miFlat 9, Burlington House, The Farmlands, Northolt, Greater London UB5 5EW2
£295K08/210.79 miApartment 255, Welford House, Waxlow Way, Northolt, Greater London UB5 6FW2
£297K07/230.79 miApartment 245, Welford House, Waxlow Way, Northolt, Greater London UB5 6FW2
£295K06/210.79 miApartment 217, Welford House, Waxlow Way, Northolt, Greater London UB5 6FW2
£330K11/200.81 mi2, Trevor Gardens, Northolt, Greater London UB5 6NB2
£312K09/200.83 mi8, Trevor Close, Northolt, Greater London UB5 6ND2
£350K03/230.83 mi27, Trevor Close, Northolt, Greater London UB5 6ND2
£310K03/230.84 mi41, Helmsdale Close, Hayes, Greater London UB4 9QS2
£315K12/200.85 mi112, Rushdene Crescent, Northolt, Greater London UB5 6NH2
£320K06/210.86 mi108, Rushdene Crescent, Northolt, Greater London UB5 6NH2
£300K12/220.86 mi187, Ruislip Road, Greenford, Greater London UB6 9RZ2
£338K02/210.87 mi205, Ruislip Road, Greenford, Greater London UB6 9RZ2
£152.4K10/230.88 mi15a, Newbury Way, Northolt, Greater London UB5 4JD2
£312K09/230.9 mi52, Greenway Gardens, Greenford, Greater London UB6 9TU2

Local Rents

15 rents from £1.4K/mo to £2.4K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,70002/250.03 mi-2
£1,67510/240.18 mi-2
£1,80010/240.2 miLilliput Avenue, Northolt2
£1,45003/250.35 mi-2
£1,70003/250.38 mi-2
£1,75010/240.38 miDukes Avenue, Northolt, UB52
£1,90001/250.44 mi-2
£1,65010/240.5 miNortholt, UB52
£2,00012/240.51 mi-2
£2,00012/240.51 mi-2
£1,70010/240.53 miKensington Road2
£2,15011/240.53 mi-2
£1,85010/240.55 mi-2
£2,35003/250.56 mi-2
£1,45010/240.58 miYeading Lane, Northolt, Middlesex, UB52

Local Area Statistics

Population in UB5

45,158

Population in Northolt

45,217

Town centre distance

0.26 miles away

Nearest school

0.30 miles away

Nearest train station

0.91 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £160,000

October 29, 2024

Sold for £109,000

2002

Sold for £69,500

2000

Floor Plans

Description

  • Excellent Location +
  • Low Lease +
  • Ideal Investment Or First Time Purchase +
  • Two Large Bedrooms +
  • External Garage In Gated Area +
  • Fantastic Bus Links +
  • Property In Need Of Updating +
  • Cash Buyers Only +

EXCELLENT INVESTMENT!! CASH BUYERS ONLY Shaws of London bring to market a spacious duplex flat situated on the second floor. Property has low lease and is located just off Church Road A312, with excellent bus/train links to Northolt Station, Heathrow Airport, Hayes, Greenford & Harrow. Property comes with two good size bedrooms, large reception room, nice family size kitchen, ample storage throughout & has an external garage in a gated area. The property requires updating, but acts as a blank canvas as an ideal investment due to the location and size. Call our sales team to arrange a viewing.

Agent Details

Shaws of London, Hayes

020 8154 5242

Next Steps?

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