2 Bed Flat, Single Let, Harrow, HA3 0XY, £235,000

Kenton Road, Harrow, HA3 0XY - 4 months ago

Leasehold

BTL

ROI: 10%

~68 m²

+1 photos

ValuationUndervalued

Sold Prices	£195K - £650K
Sold Prices/m²	£4K/m² - £11.7K/m²

Square Metres	~68.11 m²
Price/m²	£3.5K/m²
Value Estimate	£286,700£286,700
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£58,750£58,750
Stamp Duty & Legal Fees	£12,950£12,950
Total Cash In	£71,700£71,700

Cash Out
Rent Range	£1,599 - £2,100£1,599 - £2,100
Rent Estimate	£1,700
Running Costs/mo	£1,094£1,094
Cashflow/mo	£606£606
Cashflow/yr	£7,268£7,268
ROI	10%10%
Gross Yield	9%9%

Local Sold Prices

28 sold prices from £195K to £650K, average is £334K. £4K/m² to £11.7K/m², average is £5.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£320K	01/21	0.07 mi	456, Kenton Road, Harrow, Greater London HA3 9DN	-	-	2	Flat
£280K	09/23	0.21 mi	Flat 14, Pegasus Court, Kenton Road, Harrow, Greater London HA3 0XT	-	-	2	Flat
£265K	10/23	0.21 mi	Flat 6, Pegasus Court, Kenton Road, Harrow, Greater London HA3 0XT	-	-	2	Flat
£280K	09/22	0.27 mi	33, Woodgrange Avenue, Harrow, Greater London HA3 0XG	£5,714	49	2	Flat
£340K	12/20	0.42 mi	43, Woodcock Hill, Wembley, Greater London HA3 0JH	£6,939	49	2	Flat
£502.4K	11/20	0.46 mi	26, Sedgecombe Avenue, Harrow, Greater London HA3 0HL	-	-	2	Flat
£280K	03/21	0.48 mi	24d, St Pauls Avenue, Harrow, Greater London HA3 9PS	£4,308	65	2	Flat
£326K	10/20	0.53 mi	27, Glebe Crescent, Harrow, Greater London HA3 9LB	£5,927	55	2	Flat
£275K	06/21	0.59 mi	125b, Ruskin Gardens, Harrow, Greater London HA3 9PY	£6,584	42	2	Flat
£372K	11/20	0.64 mi	151a, Preston Hill, Harrow, Greater London HA3 9XA	£7,019	53	2	Flat
£275K	04/21	0.65 mi	681, Kenton Road, Harrow, Greater London HA3 9RY	£4,661	59	2	Flat
£331K	01/21	0.66 mi	81, Everton Drive, Stanmore, Greater London HA7 1EA	£6,896	48	2	Flat
£195K	02/21	0.7 mi	133, Everton Drive, Stanmore, Greater London HA7 1EB	£3,980	49	2	Flat
£370K	06/21	0.7 mi	35, Magnolia Court, Harrow, Greater London HA3 9UB	-	-	2	Flat
£325K	05/23	0.71 mi	14, Taunton Way, Stanmore, Greater London HA7 1DQ	-	-	2	Flat
£335K	11/23	0.72 mi	49, Lowther Road, Stanmore, Greater London HA7 1ER	£11,713	29	2	Flat
£355K	11/20	0.74 mi	18, Magnolia Court, Harrow, Greater London HA3 9UB	£5,462	65	2	Flat
£369.5K	02/21	0.77 mi	51, Robin Grove, Harrow, Greater London HA3 9TP	£5,598	66	2	Flat
£360K	06/21	0.77 mi	477, Honeypot Lane, Stanmore, Greater London HA7 1JH	£5,911	61	2	Flat
£365K	07/23	0.77 mi	499, Honeypot Lane, Stanmore, Greater London HA7 1JH	-	-	2	Flat
£285K	07/21	0.86 mi	233, Beverley Drive, Edgware, Greater London HA8 5NL	£5,182	55	2	Flat
£305K	09/21	0.86 mi	17, Lulworth Avenue, Wembley, Greater London HA9 8TP	£4,766	64	2	Flat
£335K	05/21	0.86 mi	549, Honeypot Lane, Stanmore, Greater London HA7 1JQ	-	-	2	Flat
£345K	08/23	0.86 mi	559, Honeypot Lane, Stanmore, Greater London HA7 1JQ	£6,389	54	2	Flat
£374K	06/21	0.88 mi	42b, Shakespeare Drive, Harrow, Greater London HA3 9TR	£5,582	67	2	Flat
£650K	01/21	0.95 mi	100, Christchurch Avenue, Harrow, Greater London HA3 8NN	£5,039	129	2	Flat
£360K	06/21	0.97 mi	24a, Thirlmere Gardens, Wembley, Greater London HA9 8RE	-	-	2	Flat
£333K	04/23	0.98 mi	267, Kenton Lane, Harrow, Greater London HA3 8RR	£4,500	74	2	Flat

Local Rents

16 rents from £1.6K/mo to £2.1K/mo, average is £1.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,800	02/25	0.08 mi	-	2	Flat
£1,599	04/24	0.08 mi	408 Kenton Road	2	Flat
£1,900	12/24	0.21 mi	-	2	Flat
£1,900	12/24	0.21 mi	-	2	Flat
£1,900	12/24	0.21 mi	-	2	Flat
£1,775	03/25	0.23 mi	-	2	Flat
£1,700	04/24	0.24 mi	-	2	Flat
£1,800	01/25	0.24 mi	-	2	Flat
£1,750	02/25	0.24 mi	-	2	Flat
£1,700	03/25	0.24 mi	-	2	Flat
£2,100	12/24	0.48 mi	-	2	Flat
£1,890	03/25	0.5 mi	-	2	Semi-Detached House
£1,900	12/24	0.55 mi	-	2	Flat
£1,900	12/24	0.55 mi	-	2	Flat
£2,000	02/25	0.6 mi	-	2	Flat
£2,000	03/25	0.6 mi	-	2	Flat

Local Area Statistics

Population in HA3	70,80970,809
Population in Harrow	164,559164,559
Town centre distance	1.47 miles away1.47 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.76 miles away0.76 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+11%+11%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+12%+12%

Property History

Listed for £235,000

November 21, 2024

Floor Plans

Description

Mischa & Co presents this well-presented ground-floor two-bedroom apartment which is ideally located within close proximity to local amenities such as shops, transport links and various places of worship. The property benefits from a decent sized open-plan kitchen/diner, a large double bedroom with space for storage, and a modern bathroom. Currently sold with vacant possession and chain free. The property will be appointed a brand new lease of 999 years upon completion. Council Tax Band C (Brent) and EPC Rating D (68).

Agent Details

Mischa & Co, Edgware

020 3879 5733

Next Steps?

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

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