2 Bed Flat, Refurb/BRRR, Harrow, HA3 6RU, £450,000

Brookshill, Harrow, HA3 6RU - 5 months ago

Leasehold
Refurb/BRRR
~87 m²
+20 photos

ValuationUndervalued

Sold Prices£156K - £820K
Sold Prices/m²£2K/m² - £14.4K/m²

 

 

Square Metres

~87.20 m²
Price/m²£5.2K/m²

Value Estimate

£460,203
BMV2%

 

 

End Value (After Refurb)

£517,221

Uplift in Value

+15%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£33,700

Refurb Costs

£46,132

Bridging Loan Interest

£11,813

Total Cash In

£205,894

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£517,221

Mortgage (After Refinance)

£387,916

Mortgage LTV

75%

Cash Released

£50,416

Cash Left In

£155,479

Equity

£129,305

Rent Range

£1,750 - £2,200

Rent Estimate

£1,877

Running Costs/mo

£2,012

Cashflow/mo

£-135

Cashflow/yr

£-1,617

Gross Yield

5%

Local Sold Prices

51 sold prices from £156K to £820K, average is £355K. £2K/m² to £14.4K/m², average is £5.4K/m².

PriceDateDistanceAddressBeds 
£420K03/230 miFlat 16, Brookshill Gate, Brookshill, Harrow Weald, Harrow, Greater London HA3 6RU2
£320K03/230.46 mi29, Charlwood Close, Harrow, Greater London HA3 6DW2
£350K12/200.63 mi7, Twickenham Gardens, Harrow, Greater London HA3 6BG2
£319.5K03/210.63 mi22, Twickenham Gardens, Harrow, Greater London HA3 6BG2
£350K02/230.63 mi20, Twickenham Gardens, Harrow, Greater London HA3 6BG2
£379.9K06/230.63 mi40, Twickenham Gardens, Harrow, Greater London HA3 6BG2
£335K10/210.69 mi6, Alma Row, Harrow, Greater London HA3 6HN2
£275K05/230.7 mi80, Dromey Gardens, Harrow, Greater London HA3 6AX2
£310K11/200.72 mi2, Tallack Close, Harrow, Greater London HA3 7DN2
£388K09/210.78 mi10a, Kenneth Gardens, Stanmore, Greater London HA7 3SD2
£195K03/210.86 mi4a, Weald Lane, Harrow, Greater London HA3 5ES2
£326K06/230.86 mi91, Sefton Avenue, Harrow, Greater London HA3 5JP2
£350K09/220.9 mi21a, Derby Avenue, Harrow, Greater London HA3 5JU2
£600K12/230.95 miFlat 5, Riverine Lodge, Old Lodge Way, Stanmore, Greater London HA7 3BE2
£380K10/230.97 mi18, Enderley Road, Harrow, Greater London HA3 5HF2
£350K06/230.99 mi66, Hampden Road, Harrow, Greater London HA3 5PR2
£346K12/201 mi6, Winston Court, Harrow, Greater London HA3 6PF2
£300K10/221.01 mi237a, High Road, Harrow, Greater London HA3 5EE2
£340K02/211.01 mi9a, Barchester Road, Harrow, Greater London HA3 5HH2
£315K11/221.04 mi204, High Road, Harrow, Greater London HA3 7BA2
£380K09/221.04 mi16, Broadlawns Court, Harrow, Greater London HA3 7HN2
£350K02/231.05 mi15, Broadlawns Court, Harrow, Greater London HA3 7HN2
£325K11/221.05 mi7a, Bengarth Drive, Harrow, Greater London HA3 5HX2
£355K12/201.07 mi19, Culverlands Close, Stanmore, Greater London HA7 3AG2
£675K06/211.07 miFlat 8, Wellington House, Aylmer Drive, Stanmore, Greater London HA7 3ES2
£720K02/231.07 miFlat 7, Wellington House, Aylmer Drive, Stanmore, Greater London HA7 3ES2
£480K06/211.08 mi39, Lady Aylesford Avenue, Stanmore, Greater London HA7 4FG2
£280K07/211.08 mi14, Nicola Close, Harrow, Greater London HA3 5HP2
£291.5K04/211.09 mi8, Nicola Close, Harrow, Greater London HA3 5HP2
£345K03/211.09 mi2, Alpine Walk, Stanmore, Greater London HA7 3HU2
£695K04/211.11 miFlat 22, Highfield, High Road, Bushey Heath, Bushey, Hertfordshire WD23 1NA2
£620K04/241.11 miHighfield, Flat 8, High Road, Bushey Heath, Bushey, Hertfordshire WD23 1NA2
£363.8K12/201.15 miFlat 13, Langworthy, Royston Grove, Pinner, Greater London HA5 4HE2
£328K09/211.15 mi254, Headstone Lane, Harrow, Greater London HA2 6NE2
£300K09/231.15 mi266, Headstone Lane, Harrow, Greater London HA2 6NE2
£372.5K12/221.16 miFlat 3, Langworthy, Royston Grove, Pinner, Greater London HA5 4HE2
£510K03/231.18 mi23, Gleneagles, Stanmore, Greater London HA7 3QG2
£424K12/221.19 mi3, Rectory Close, Stanmore, Greater London HA7 2QY2
£412K04/211.2 mi3, Avon Court, Pinner, Greater London HA5 4UU2
£189K11/201.22 mi10, The Close, Harrow, Greater London HA2 6NT2
£156K09/211.23 mi3, Hewett Close, Stanmore, Greater London HA7 3BW2
£282.5K12/201.23 mi1, Fairholme Court, Hatch End, Pinner, Greater London HA5 4EW2
£820K06/211.23 mi14, Cherry Tree Way, Stanmore, Greater London HA7 2QT2
£520K05/211.24 miFlat 3, Heathside Court, High Road, Bushey Heath, Bushey, Hertfordshire WD23 1EN2
£480K03/211.26 mi1, Stangate Gardens, Stanmore, Greater London HA7 3BL2
£427K12/221.27 mi69, Dove Park, Hatch End, Pinner, Greater London HA5 4ED2
£370K04/231.27 miFlat 11, Fountain House, Church Road, Stanmore, Greater London HA7 4DF2
£385K05/231.27 miFlat 10, Fountain House, Church Road, Stanmore, Greater London HA7 4DF2
£385K05/231.27 miFlat 10, Fountain House, Church Road, Stanmore, Greater London HA7 4DF2
£415K11/231.27 mi12, St Cuthberts Gardens, Pinner, Greater London HA5 4JE2
£400K12/231.27 mi10, St Cuthberts Gardens, Pinner, Greater London HA5 4JE2

Local Rents

11 rents from £1.8K/mo to £2.2K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£2,20004/240 miBrookshill Gate, Brookshill, HA32
£1,80012/240.45 mi-2
£1,80004/240.45 miFontwell Close, Harrow, HA32
£1,75004/240.48 mi-2
£1,95012/240.55 mi-2
£1,80001/250.55 mi-2
£1,90001/240.61 miStanmore, Middlesex. HA7 3RF2
£1,90002/240.61 miCairn Way, Stanmore, Middlesex, HA72
£1,90002/240.62 miCairn Way, Stanmore, Greater London, HA72
£1,90001/240.62 miCairn Way, Stanmore2
£1,75011/230.62 miCollege Hill Road, Harrow2

Local Area Statistics

Population in HA3

70,809

Population in Harrow

164,559

Town centre distance

2.10 miles away

Nearest school

0.20 miles away

Nearest train station

1.12 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Buyer's market

Capital growth (5yrs)

+12%

Property History

Listed for £450,000

November 7, 2024

Floor Plans

Description

  • Two Bedrooms +
  • Long Lease +
  • Designated Car Park Spaces +
  • Communal Gardens +
  • Two Bathrooms +
  • Modernisation Potential +

Hamptons are thrilled to be marketing this ground floor flat. This delightful property comprises two bedrooms, two bathrooms, a good sized reception, separate kitchen/breakfast room, a good amount of storage facility throughout, two designated car park spaces, and there is separate access to the well maintained communal gardens through the patio doors. This chain free property has been extremely sensibly priced by the vendor and we are expecting high demand, as such, we would highly encourage an immediate viewing.

Situation

Transport links are easily accessible with a journey from Harrow & Wealdstone overground taking 16 minutes to Euston, and underground Bakerloo services taking approximately 40 minutes. Local shops including Waitrose are less than 1m away. Property Ref Number: HAM-55285

Agent Details

Hamptons, Stanmore

020 3907 9884

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.