3 Bed Terraced House, Refurb/BRRR, Southall, UB1 2AW, £485,000

West Avenue, Southall, UB1 2AW - 8 views - 5 months ago

Refurb/BRRR
Planning
ROI: 2%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£228.4K - £600K
Sold Prices/m²£3.4K/m² - £8.3K/m²

 

 

Square Metres

~93 m²
Price/m²£5.2K/m²

Value Estimate

£498,278

 

 

End Value (After Refurb)

£511,500

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£121,250

Stamp Duty & Legal Fees

£28,696

Refurb Costs

£49,088

Bridging Loan Interest

£12,731

Total Cash In

£213,515

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£511,500

Mortgage (After Refinance)

£383,625

Mortgage LTV

75%

Cash Released

£19,875

Cash Left In

£193,640

Equity

£127,875

Rent Range

£2,150 - £2,900

Rent Estimate

£2,366

Running Costs/mo

£2,092

Cashflow/mo

£274

Cashflow/yr

£3,292

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £228.4K to £600K, average is £500K. £3.4K/m² to £8.3K/m², average is £5.4K/m².

PriceDateDistanceAddressBeds 
£440K05/210.04 mi2a, West Avenue, Southall, Greater London UB1 2AW3
£467K10/200.1 mi20, South Avenue, Southall, Greater London UB1 2AH3
£535K06/230.15 mi23, Saxon Road, Southall, Greater London UB1 1QG3
£555K11/220.15 mi31, Saxon Road, Southall, Greater London UB1 1QG3
£495K09/230.21 mi41, Evelyn Grove, Southall, Greater London UB1 2BW3
£540K01/230.21 mi23, Evelyn Grove, Southall, Greater London UB1 2BW3
£513K10/200.21 mi5, Greenford Avenue, Southall, Greater London UB1 2AA3
£228.4K05/210.25 mi73, Evelyn Grove, Southall, Greater London UB1 2BP3
£490K03/230.25 mi34, Evelyn Grove, Southall, Greater London UB1 2BP3
£515K12/230.28 mi52, Orchard Avenue, Southall, Greater London UB1 1LG3
£435K05/230.29 mi28, Oswald Road, Southall, Greater London UB1 1HW3
£560K12/220.3 mi16, Abbotts Road, Southall, Greater London UB1 1HT3
£520K08/230.3 mi4, Abbotts Road, Southall, Greater London UB1 1HT3
£500K04/240.3 mi35, Cranleigh Gardens, Southall, Greater London UB1 2BU3
£465K10/220.31 mi46, Oswald Road, Southall, Greater London UB1 1HW3
£477.5K12/200.32 mi27, Orchard Avenue, Southall, Greater London UB1 1LF3
£450K12/230.32 mi38, West End Road, Southall, Greater London UB1 1JH3
£320K05/210.34 mi115, Evelyn Grove, Southall, Greater London UB1 2BS3
£490K09/210.34 mi70, Evelyn Grove, Southall, Greater London UB1 2BS3
£510K07/230.34 mi94, Evelyn Grove, Southall, Greater London UB1 2BS3
£559K12/230.34 mi4, Ruskin Road, Southall, Greater London UB1 1PE3
£350K02/210.34 mi112, St Josephs Drive, Southall, Greater London UB1 1RW3
£490K03/240.35 mi145, Ashford Avenue, Hayes, Greater London UB4 0ND3
£410K02/210.35 mi25, St Josephs Drive, Southall, Greater London UB1 1RL3
£600K02/230.35 mi19, Burns Avenue, Southall, Greater London UB1 2LP3
£570K08/220.35 mi4, Burns Avenue, Southall, Greater London UB1 2LP3
£455K11/200.38 mi85, Abbotts Road, Southall, Greater London UB1 1HR3
£515K09/220.38 mi115, Berwick Avenue, Hayes, Greater London UB4 0NH3
£520K11/230.39 mi1, Denbigh Road, Southall, Greater London UB1 2RP3
£455K12/200.4 mi89, Berwick Avenue, Hayes, Greater London UB4 0NH3
£555K08/230.4 mi158, St Josephs Drive, Southall, Greater London UB1 1RP3
£450K06/210.41 mi165, North Road, Southall, Greater London UB1 2JY3
£507K04/220.41 mi20, Woodlands Road, Southall, Greater London UB1 1EF3
£465K06/210.42 mi63, Dormers Avenue, Southall, Greater London UB1 2SS3
£500K05/230.42 mi105, Oswald Road, Southall, Greater London UB1 1HJ3
£510K08/230.42 mi77, Ashford Avenue, Hayes, Greater London UB4 0NB3
£430K03/230.42 mi111, Ashford Avenue, Hayes, Greater London UB4 0NB3
£510K09/230.43 mi66, Kingsley Avenue, Southall, Greater London UB1 2NB3
£487K12/230.43 mi1, Tollgate Drive, Hayes, Greater London UB4 0NP3
£515K04/230.44 mi42, Dormers Avenue, Southall, Greater London UB1 2SR3
£500K11/230.44 mi48, Allendale Avenue, Southall, Greater London UB1 2SN3
£530K04/230.46 mi64, Burns Avenue, Southall, Greater London UB1 2LS3
£560K05/210.46 mi79, Burns Avenue, Southall, Greater London UB1 2LS3
£600K01/230.46 mi40, Beresford Road, Southall, Greater London UB1 1NJ3
£487.5K09/230.46 mi31, Beresford Road, Southall, Greater London UB1 1NJ3
£527.5K11/210.47 mi7, Dormers Avenue, Southall, Greater London UB1 2SP3
£358K02/210.48 mi4, Craven Avenue, Southall, Greater London UB1 2DJ3
£535K05/240.48 mi52, Masefield Avenue, Southall, Greater London UB1 2NE3
£495K07/230.48 mi68, Masefield Avenue, Southall, Greater London UB1 2NE3
£430K10/200.49 mi10, Delamere Road, Hayes, Greater London UB4 0NL3

Local Rents

15 rents from £2.1K/mo to £2.9K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,20011/240.06 mi-3
£2,20010/240.06 mi-3
£2,60012/240.11 mi-3
£2,15003/250.22 mi-3
£2,65003/250.24 mi-3
£2,30010/240.3 mi-3
£2,20012/240.33 mi-3
£2,20001/250.33 mi-3
£2,50001/240.33 mi-3
£2,40001/250.42 mi-3
£2,49010/240.44 mi-3
£2,80002/250.47 mi-3
£2,90011/240.49 mi-3
£2,40010/240.5 miWaxlow Crescent, Southall3
£2,90010/240.62 miAccolade Avenue, Southall, UB13

Local Area Statistics

Population in UB1

39,848

Population in Southall

72,273

Town centre distance

0.38 miles away

Nearest school

0.20 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Price changed to £485,000

January 23, 2025

Listed for £499,950

October 30, 2024

Floor Plans

Description

  • No Onward Chain +
  • Wealth of Development Opportunity (stpp) +
  • In Need of Modernisation +
  • Terrace Home +
  • Three Bedrooms +
  • Reception Room +
  • Kitchen +
  • Ground Floor Shower Room/ WC +
  • Lengthy Rear Garden with Shed + Rear Access +
  • Front Garden for Off Street Parking + On Street Parking +

This three-bedroom terrace home offers an exciting opportunity for renovation and development (subject to planning permission) with No Onward Chain!

The property further features a reception room, a kitchen and a ground-floor shower room with WC, providing a practical layout ready for modernisation.

Outside, the home boasts a lengthy rear garden with rear access and a storage shed, perfect for garden enthusiasts or additional expansion. The front garden offers off-street parking, with ample on-street parking available as well.

Southall Station (Elizabeth Line) is located 0.5miles away. Southall Broadway, renowned for its culture and amenities of Shops and Restaurants is within walking distance. There are excellent public transport links to Heathrow Airport and Westfield Shopping Centre. Local Schools deemed as Outstanding by OFSTED include Villiers High, Yeading Infant and Nursery and Tudor Primary. There is an abundance of sports facilities including football, tennis and running track provided by the local Park.

Agent Details

DBK Estate Agents, Southall

020 4538 1152

Next Steps?

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