3 Bed Terraced House, Refurb/BRRR, Harrow, HA1 4BJ, £480,000

Merivale Road, Harrow, HA1 4BJ - 13 views - 5 months ago

Under Offer

Refurb/BRRR

~93 m²

+4 photos

ValuationUndervalued

Sold Prices	£470K - £950K
Sold Prices/m²	£5.1K/m² - £8K/m²

Square Metres	~93 m²
Price/m²	£5.2K/m²
Value Estimate	£490,000£490,000

End Value (After Refurb)	£582,413£582,413
Uplift in Value	+19%+19%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£120,000£120,000
Stamp Duty & Legal Fees	£27,900£27,900
Refurb Costs	£49,265£49,265
Bridging Loan Interest	£12,600£12,600
Total Cash In	£211,515£211,515

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£582,413£582,413
Mortgage (After Refinance)	£436,809£436,809
Mortgage LTV	75%75%
Cash Released	£76,809£76,809
Cash Left In	£134,705£134,705
Equity	£145,603£145,603
Rent Range	£1,900 - £2,800£1,900 - £2,800
Rent Estimate	£2,307
Running Costs/mo	£2,301£2,301
Cashflow/mo	£6£6
Cashflow/yr	£67£67
ROI	0%0%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £470K to £950K, average is £565K. £5.1K/m² to £8K/m², average is £6.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£536K	10/23	0.01 mi	37, Merivale Road, Harrow, Greater London HA1 4BJ	£7,444	72	3	Terraced House
£510K	12/20	0.01 mi	39, Merivale Road, Harrow, Greater London HA1 4BJ	£7,083	72	3	Semi-Detached House
£565K	07/23	0.02 mi	26, Merivale Road, Harrow, Greater London HA1 4BH	£6,348	89	3	Terraced House
£625K	04/23	0.05 mi	26, Lance Road, Harrow, Greater London HA1 4BL	-	-	3	Terraced House
£575K	06/21	0.07 mi	26, Sumner Road, Harrow, Greater London HA1 4BU	£6,461	89	3	Terraced House
£865K	09/22	0.07 mi	4, Treve Avenue, Harrow, Greater London HA1 4AJ	£7,090	122	3	Semi-Detached House
£565K	05/21	0.09 mi	115, Drury Road, Harrow, Greater London HA1 4BN	£5,432	104	3	Terraced House
£545K	09/23	0.09 mi	53, Bowen Road, Harrow, Greater London HA1 4DG	£5,792	94	3	Terraced House
£515K	06/21	0.09 mi	51, Bowen Road, Harrow, Greater London HA1 4DG	-	-	3	Terraced House
£515K	09/21	0.1 mi	86, Butler Road, Harrow, Greater London HA1 4DT	£5,538	93	3	Terraced House
£505K	02/21	0.1 mi	112, Butler Road, Harrow, Greater London HA1 4DT	£5,489	92	3	Terraced House
£490K	06/21	0.11 mi	102, Butler Road, Harrow, Greater London HA1 4DT	-	-	3	Terraced House
£475K	09/23	0.11 mi	26, Marshall Close, Harrow, Greater London HA1 4DH	-	-	3	Semi-Detached House
£640K	06/21	0.12 mi	81, Whitmore Road, Harrow, Greater London HA1 4AE	£6,882	93	3	Detached House
£625K	05/22	0.12 mi	28, Heath Road, Harrow, Greater London HA1 4DA	£5,531	113	3	Detached House
£490K	03/21	0.12 mi	30, Heath Road, Harrow, Greater London HA1 4DA	-	-	3	Terraced House
£553K	12/22	0.12 mi	5, Heath Road, Harrow, Greater London HA1 4DA	£6,284	88	3	Terraced House
£561K	09/22	0.12 mi	3, Heath Road, Harrow, Greater London HA1 4DA	-	-	3	Terraced House
£540K	10/22	0.13 mi	25, Heath Road, Harrow, Greater London HA1 4DA	£5,400	100	3	Terraced House
£950K	08/23	0.13 mi	56, Whitmore Road, Harrow, Greater London HA1 4AD	-	-	3	Semi-Detached House
£852.5K	11/20	0.13 mi	50, Whitmore Road, Harrow, Greater London HA1 4AD	£6,875	124	3	Semi-Detached House
£810K	04/22	0.14 mi	Field End Cottage, Porlock Avenue, Harrow, Greater London HA2 0AS	£6,532	124	3	Detached House
£600K	03/23	0.14 mi	3, Hawkins Close, Harrow, Greater London HA1 4DJ	£5,085	118	3	Semi-Detached House
£512K	07/23	0.14 mi	6, Bowen Road, Harrow, Greater London HA1 4DB	-	-	3	Terraced House
£500K	03/21	0.16 mi	140, Butler Road, Harrow, Greater London HA1 4DX	£6,098	82	3	Terraced House
£501K	03/21	0.16 mi	157, Butler Road, Harrow, Greater London HA1 4DX	£6,263	80	3	Terraced House
£605K	10/22	0.16 mi	44, Drury Road, Harrow, Greater London HA1 4BY	£7,605	80	3	Terraced House
£627.5K	10/22	0.16 mi	157, Vaughan Road, Harrow, Greater London HA1 4EG	£7,470	84	3	Terraced House
£625K	09/23	0.17 mi	143, Butler Road, Harrow, Greater London HA1 4DX	-	-	3	Terraced House
£602K	06/21	0.18 mi	174, Vaughan Road, Harrow, Greater London HA1 4EB	-	-	3	Terraced House
£540K	12/22	0.18 mi	214, Vaughan Road, Harrow, Greater London HA1 4EB	-	-	3	Terraced House
£505K	12/22	0.19 mi	2, Springway, Harrow, Greater London HA1 4DL	-	-	3	Terraced House
£585K	01/21	0.2 mi	68, Wilson Gardens, Harrow, Greater London HA1 4EA	£6,290	93	3	Semi-Detached House
£525K	03/23	0.22 mi	16, Ford Close, Harrow, Greater London HA1 4AX	£5,966	88	3	Semi-Detached House
£660K	11/20	0.22 mi	159, Whitmore Road, Harrow, Greater London HA1 4AG	-	-	3	Semi-Detached House
£796K	07/23	0.22 mi	170, Whitmore Road, Harrow, Greater London HA1 4AQ	£6,689	119	3	Semi-Detached House
£595K	02/21	0.24 mi	36, Wilson Gardens, Harrow, Greater London HA1 4DZ	-	-	3	Semi-Detached House
£520K	12/20	0.32 mi	8, Ferring Close, Harrow, Greater London HA2 0AR	£6,341	82	3	Semi-Detached House
£600K	11/22	0.32 mi	52, Vaughan Road, Harrow, Greater London HA1 4EE	-	-	3	Terraced House
£645K	02/21	0.33 mi	11, Kingsfield Road, Harrow, Greater London HA1 3DD	£6,862	94	3	Terraced House
£675K	09/21	0.36 mi	8, Merton Road, Harrow, Greater London HA2 0AB	-	-	3	Semi-Detached House
£585K	06/21	0.37 mi	7, Devonshire Road, Harrow, Greater London HA1 4LP	£5,467	107	3	Terraced House
£505K	12/20	0.38 mi	12a, Dudley Gardens, Harrow, Greater London HA2 0DQ	£5,941	85	3	Semi-Detached House
£618K	04/23	0.38 mi	49, Dudley Gardens, Harrow, Greater London HA2 0DQ	-	-	3	Terraced House
£515K	03/21	0.38 mi	229, Pinner Road, Harrow, Greater London HA1 4EX	£5,479	94	3	Terraced House
£520K	02/23	0.38 mi	251, Pinner Road, Harrow, Greater London HA1 4EX	£5,627	92	3	Terraced House
£470K	02/21	0.38 mi	211, Pinner Road, Harrow, Greater London HA1 4EX	-	-	3	Terraced House
£620K	10/23	0.4 mi	30b, Roxborough Park, Harrow, Greater London HA1 3AY	£5,849	106	3	Semi-Detached House
£617.5K	03/21	0.41 mi	20a, Nelson Road, Harrow, Greater London HA1 3ET	£8,019	77	3	Terraced House
£540K	10/20	0.41 mi	20, Furness Road, Harrow, Greater London HA2 0RL	£6,279	86	3	Semi-Detached House

Local Rents

24 rents from £1.9K/mo to £2.8K/mo, average is £2.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,500	04/24	0.09 mi	Drury Road, Harrow, HA1 4BN	3	Terraced House
£2,800	03/25	0.12 mi	-	3	Semi-Detached House
£2,100	12/24	0.15 mi	-	3	Flat
£2,100	04/24	0.15 mi	Vaughan Road, Harrow, HA1	3	Flat
£2,400	04/24	0.16 mi	Butler Road, West Harrow, Harrow, HA1	3	House
£2,500	12/24	0.18 mi	-	3	Flat
£2,400	04/24	0.27 mi	-	3	Semi-Detached House
£2,500	04/24	0.29 mi	-	3	Semi-Detached House
£2,500	04/24	0.29 mi	-	3	Semi-Detached House
£2,000	12/24	0.29 mi	-	3	Flat
£2,400	03/25	0.29 mi	-	3	Flat
£2,195	02/25	0.32 mi	-	3	Flat
£2,250	01/25	0.34 mi	-	3	Semi-Detached House
£2,500	04/24	0.36 mi	Bessborough Road, HARROW	3	Flat
£1,950	02/24	0.41 mi	Pinner Road, Harrow	3	Flat
£2,500	04/24	0.5 mi	Dudley Road, Harrow	3	Terraced House
£2,400	03/25	0.52 mi	-	3	Semi-Detached House
£1,900	04/24	0.55 mi	Headstone Road, Harrow, HA1	3	Flat
£2,500	04/24	0.55 mi	Parkthorne Close, Harrow, HA2	3	Bungalow
£2,400	03/25	0.57 mi	-	3	Semi-Detached House
£2,350	04/24	0.57 mi	Fernbrook Drive, North Harrow	3	Semi-Detached House
£2,295	02/25	0.58 mi	-	3	Flat
£2,400	12/24	0.59 mi	-	3	Semi-Detached House
£2,300	03/25	0.6 mi	-	3	Semi-Detached House

Local Area Statistics

Population in HA1	38,44138,441
Population in Harrow	164,559164,559
Town centre distance	0.98 miles away0.98 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.27 miles away0.27 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+24%+24%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+22%+22%

Property History

Price changed to £480,000

December 9, 2024

Listed for £490,000

November 15, 2024

Floor Plans

Description

Mid terrace family home +
Close to West Harrow Station +
Catchment area to leading schools +
No upper chain +

Requiring some internal modernisation to unlock its full potential, this three bedroom mid terrace family home is perfect for the growing family seeking a home to put their own stamp on.

The property briefly comprises; an entrance hallway, two reception rooms and kitchen with a single door leading to the rear garden. Following up to the first floor are three bedrooms and a four-piece family bathroom. Externally, there is a private rear garden perfect for dining and entertaining during the warm summer months.

Merivale Road is located close to West Harrow Station (Metropolitan Line) which provides a fast service into the heart of London. Nearby are Vaughan Primary School, Shaftesbury Circle and Harrow on the Hill’s local amenities.

Book your viewing now to avoid disappointment!

Tenure: Freehold
Council Tax Band: D
EPC Rating: D

Agent Details

Winkworth, Harrow

020 3908 8473

Next Steps?

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

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