2 Bed Terraced House, Refurb/BRRR, Hayes, UB4 8HG, £375,000

Pillions Lane, Hayes, UB4 8HG - 5 months ago

Under Offer
Refurb/BRRR
ROI: 2%
~83 m²
+2 photos

ValuationFair Value

Sold Prices£270K - £510K
Sold Prices/m²£4.1K/m² - £8K/m²

 

 

Square Metres

~83.24 m²
Price/m²£4.5K/m²

Value Estimate

£382,500

 

 

End Value (After Refurb)

£407,325

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£26,200

Refurb Costs

£43,936

Bridging Loan Interest

£9,844

Total Cash In

£175,480

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£407,325

Mortgage (After Refinance)

£305,494

Mortgage LTV

75%

Cash Released

£24,244

Cash Left In

£151,236

Equity

£101,831

Rent Range

£1,500 - £3,750

Rent Estimate

£1,957

Running Costs/mo

£1,684

Cashflow/mo

£273

Cashflow/yr

£3,273

ROI

2%

Gross Yield

6%

Local Sold Prices

51 sold prices from £270K to £510K, average is £390K. £4.1K/m² to £8K/m², average is £6K/m².

PriceDateDistanceAddressBeds 
£390K10/220.13 mi121, Hayes End Road, Hayes, Greater London UB4 8EL2
£365K09/210.17 mi4, Dawson Close, Hayes, Greater London UB3 2RH2
£373K04/230.17 mi12, Dawson Close, Hayes, Greater London UB3 2RH2
£345K05/210.22 mi20, South Walk, Hayes, Greater London UB3 2RF2
£410K10/220.22 mi16a, South Walk, Hayes, Greater London UB3 2RF2
£390K04/210.22 mi36, Morgans Lane, Hayes, Greater London UB3 2UB2
£390K12/200.27 mi3, South Walk, Hayes, Greater London UB3 2RE2
£375K09/210.28 mi103, Wood End Green Road, Hayes, Greater London UB3 2SQ2
£410K05/230.29 mi10, West Drayton Road, Uxbridge, Greater London UB8 3LA2
£390K02/230.3 mi16, Rosedale Avenue, Hayes, Greater London UB3 2RG2
£390K02/240.3 mi9, Rosedale Avenue, Hayes, Greater London UB3 2RG2
£357K02/210.32 mi43, Rosedale Avenue, Hayes, Greater London UB3 2RG2
£407.5K01/230.32 mi75, Wood End Green Road, Hayes, Greater London UB3 2SG2
£380K11/210.33 mi27, Tudor Road, Hayes, Greater London UB3 2QB2
£445K02/210.33 mi50, West Drayton Road, Uxbridge, Greater London UB8 3LA2
£445K01/210.34 mi52, West Drayton Road, Uxbridge, Greater London UB8 3LA2
£340K06/230.34 mi1, Haven Close, Hayes, Greater London UB4 8AW2
£385K06/210.34 mi25, Cromwell Road, Hayes, Greater London UB3 2PP2
£495K06/210.35 mi31, Park Road, Hayes, Greater London UB4 8JN2
£510K10/230.35 mi22, Park Road, Hayes, Greater London UB4 8JN2
£355K02/210.36 mi15, De Salis Road, Uxbridge, Greater London UB10 0SP2
£350K08/210.36 mi22, De Salis Road, Uxbridge, Greater London UB10 0SP2
£450K03/210.37 mi16, Westacott, Hayes, Greater London UB4 8AQ2
£440K12/230.38 mi7, Green Lane, Uxbridge, Greater London UB8 3EB2
£375K10/200.39 mi38, New Road, Uxbridge, Greater London UB8 3DX2
£400K02/230.39 mi30, New Road, Uxbridge, Greater London UB8 3DX2
£365K10/230.39 mi47, Tudor Road, Hayes, Greater London UB3 2QD2
£360K08/230.45 mi75a, Cromwell Road, Hayes, Greater London UB3 2PS2
£465K12/220.45 mi33, Heath Road, Uxbridge, Greater London UB10 0SL2
£415K06/230.45 mi35, Heath Road, Uxbridge, Greater London UB10 0SL2
£460K07/230.45 mi28, Heath Road, Uxbridge, Greater London UB10 0SL2
£460K07/230.45 mi28, Heath Road, Uxbridge, Greater London UB10 0SL2
£420K08/220.45 mi31, White Heart Avenue, Uxbridge, Greater London UB8 3EP2
£450K06/230.45 mi38, White Heart Avenue, Uxbridge, Greater London UB8 3EP2
£470K11/230.45 mi18, White Heart Avenue, Uxbridge, Greater London UB8 3EP2
£420K03/210.46 mi8, Whiteheart Avenue, Uxbridge, Greater London UB8 3EP2
£335K04/210.49 mi17, Regents Close, Hayes, Greater London UB4 8JY2
£390K04/240.49 mi23, Regents Close, Hayes, Greater London UB4 8JY2
£373K06/210.5 mi26, Star Road, Uxbridge, Greater London UB10 0QH2
£356K03/210.5 mi19, Woodstock Gardens, Hayes, Greater London UB4 8BA2
£379K08/220.5 mi71, Woodstock Gardens, Hayes, Greater London UB4 8BA2
£375K07/230.5 mi23, Woodstock Gardens, Hayes, Greater London UB4 8BA2
£399K03/240.5 mi41, Woodstock Gardens, Hayes, Greater London UB4 8BA2
£273.4K05/240.51 mi104, Woodstock Gardens, Hayes, Greater London UB4 8BB2
£373K06/210.51 mi26, Star Road, Uxbridge, Greater London UB10 0QH2
£367.5K04/210.52 mi13, Charles Street, Uxbridge, Greater London UB10 0SY2
£437.5K07/230.52 mi7, Charles Street, Uxbridge, Greater London UB10 0SY2
£270K11/220.53 mi50, Wood End Green Road, Hayes, Greater London UB3 2SJ2
£380K03/210.54 mi263, Balmoral Drive, Hayes, Greater London UB4 8DQ2
£372.5K03/230.54 mi8, Woodstock Gardens, Hayes, Greater London UB4 8BB2
£360K01/210.54 mi10, Woodrow Avenue, Hayes, Greater London UB4 8QJ2

Local Rents

42 rents from £1.5K/mo to £3.8K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,80010/240.06 mi-2
£1,60010/240.09 miSpringfield House, Hayes End Road, Hayes2
£1,52510/240.09 miLink House, Hayes2
£1,75002/250.1 mi-2
£1,75001/250.19 mi-2
£1,75002/250.19 mi-2
£1,80010/240.22 miUxbridge Road, Hayes, Middlesex, UB102
£1,90002/250.25 mi-2
£1,50012/240.26 mi-2
£1,87512/240.27 mi-2
£1,80012/240.29 mi-2
£3,50010/240.31 mi-2
£3,75009/240.31 mi-2
£1,75002/250.33 mi-2
£2,50002/240.34 mi-2
£1,75011/240.35 mi-2
£1,75010/240.37 mi-2
£1,80010/240.38 miDe Salis Road, Hillingdon, UB102
£1,70010/240.38 miNew Road, Uxbridge, UB82
£1,59502/240.45 mi-2
£1,60002/250.48 mi-2
£1,80010/240.52 miBradenham Road, Hayes, Middlesex, UB42
£1,75002/240.53 mi-2
£2,00001/250.53 mi-2
£1,95002/250.53 mi-2
£1,65010/240.55 miKingshill Avenue, Hayes, Middlesex, UB4 8BX2
£1,80012/240.55 mi-2
£1,90003/250.56 mi-2
£1,65009/240.56 mi-2
£1,90010/240.57 mi-2
£2,20012/240.57 mi-2
£2,00001/250.57 mi-2
£2,95001/250.57 mi-2
£3,20003/250.57 mi-2
£2,19503/250.57 mi-2
£1,90003/250.57 mi-2
£1,75010/240.57 miHayes2
£1,70010/240.57 mi-2
£1,70010/240.57 miGeorge Court, Hayes, UB32
£1,65011/240.6 mi-2
£2,00003/250.6 mi-2
£1,80012/240.61 mi-2

Local Area Statistics

Population in UB4

39,573

Population in Hayes

88,047

Town centre distance

1.34 miles away

Nearest school

0.30 miles away

Nearest train station

1.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £375,000

October 31, 2024

Floor Plans

Description

  • Garden +
  • Full Double Glazing +
  • Oven/Hob +
  • Gas Central Heating +
  • Combi Boiler +

A charming two-bedroom mid-terrace cottage in need of modernisation, situated in North Hayes. This delightful property boasts a freehold tenure, making it an ideal choice for those looking to step onto the property ladder.

The property features two reception rooms, fitted kitchen leading to a generous size rear garden, further benefits include, two double bedrooms, loft access as well as a three piece family bathroom suite.

Suitable for first time buyers an investors, early viewings are highly recommended

Agent Details

Henleys Estates Ltd, Isleworth

020 8016 2948

Next Steps?

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