2 Bed Bungalow, Planning Permission, Harrow, HA2 0NN, £575,000

South Hill Avenue, South Harrow, HA2 0NN - 1 views - 4 months ago

Planning
~68 m²

ValuationOvervalued

Sold Prices£290K - £795K
Sold Prices/m²£2.7K/m² - £9.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£8.4K/m²

Value Estimate

£453,115

 

 

End Value (After Refurb)

£545,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£143,750

Stamp Duty & Legal Fees

£48,700

Refurb Costs

£36,033

Bridging Loan Interest

£15,094

Total Cash In

£245,327

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£545,000

Mortgage (After Refinance)

£408,750

Mortgage LTV

75%

Cash Left In

£245,327

Equity

£136,250

Rent Range

£1,550 - £2,350

Rent Estimate

£1,850

Running Costs/mo

£2,093

Cashflow/mo

£-243

Cashflow/yr

£-2,917

Gross Yield

4%

Local Sold Prices

50 sold prices from £290K to £795K, average is £437.5K. £2.7K/m² to £9.3K/m², average is £6.7K/m².

PriceDateDistanceAddressBeds 
£640K12/230 mi23, South Hill Avenue, Harrow, Greater London HA2 0NN2
£300K11/220.09 mi36, South Hill Avenue, Harrow, Greater London HA2 0NQ2
£423K12/200.28 mi20, Sherwood Road, Harrow, Greater London HA2 8AR2
£416.5K12/200.3 mi91, Stanley Road, Harrow, Greater London HA2 8AY2
£540K01/230.35 mi73, Eastcote Lane, Harrow, Greater London HA2 8DE2
£445K12/220.47 mi25, Roxeth Hill, Harrow, Greater London HA2 0JY2
£440K02/210.47 mi23, Roxeth Hill, Harrow, Greater London HA2 0JY2
£402K05/210.48 mi35, Mary Peters Drive, Greenford, Greater London UB6 0SS2
£425K03/210.48 mi37, Mary Peters Drive, Greenford, Greater London UB6 0SS2
£390K10/200.48 mi69, Bannister Close, Greenford, Greater London UB6 0SW2
£440K09/230.48 mi69, Bannister Close, Greenford, Greater London UB6 0SW2
£405K04/210.49 mi28, Bannister Close, Greenford, Greater London UB6 0SP2
£475K05/230.51 mi19, Middle Road, Harrow, Greater London HA2 0HW2
£410K01/240.51 mi44, Middle Road, Harrow, Greater London HA2 0HL2
£480K12/200.52 mi17, The Crescent, Harrow, Greater London HA2 0PJ2
£440K11/200.52 mi1, The Crescent, Harrow, Greater London HA2 0PJ2
£412K06/210.52 mi56, Wood End Way, Northolt, Greater London UB5 4QD2
£415K11/210.53 mi160, Wood End Gardens, Northolt, Greater London UB5 4QW2
£427K05/210.54 mi150, Wood End Gardens, Northolt, Greater London UB5 4QW2
£380K11/200.57 mi5, Hemery Road, Greenford, Greater London UB6 0SL2
£330K04/230.57 mi101, Shaftesbury Avenue, South Harrow, Harrow, Greater London HA2 0PP2
£525K03/210.6 mi16, Lower Road, Harrow, Greater London HA2 0DA2
£435K03/210.63 mi32, Merton Avenue, Northolt, Greater London UB5 4QF2
£450K05/230.63 mi4, Merton Avenue, Northolt, Greater London UB5 4QF2
£425K06/210.64 mi96, Reading Road, Northolt, Greater London UB5 4PJ2
£445K06/230.64 mi94, Reading Road, Northolt, Greater London UB5 4PJ2
£405K09/210.69 mi31, Abbots Drive, Harrow, Greater London HA2 0RE2
£422K06/230.69 mi32, Abbots Drive, Harrow, Greater London HA2 0RE2
£650K03/210.72 mi20, Crown Street, Harrow, Greater London HA2 0HR2
£430K02/230.72 mi28, Crown Street, Harrow, Greater London HA2 0HR2
£795K12/200.72 mi14, Wellington Terrace, Harrow, Greater London HA1 3EP2
£410K10/220.72 mi88, Greenford Road, Harrow, Greater London HA1 3QL2
£420K06/230.72 mi84, Greenford Road, Harrow, Greater London HA1 3QL2
£485K06/210.73 mi11, Waldron Road, Harrow, Greater London HA2 0HU2
£450K02/240.74 mi45, Mildred Avenue, Northolt, Greater London UB5 4LG2
£440K02/230.75 mi1, Crown Street, Harrow, Greater London HA2 0HT2
£492.5K10/220.75 mi2, Victoria Terrace, Harrow, Greater London HA1 3EW2
£555K10/220.79 mi34, Nelson Road, Harrow, Greater London HA1 3ET2
£600K11/220.79 mi2, Nelson Road, Harrow, Greater London HA1 3ET2
£516.5K03/210.79 mi31, Nelson Road, Harrow, Greater London HA1 3ET2
£537K03/210.79 mi8, Nelson Road, Harrow, Greater London HA1 3ET2
£385K09/230.81 mi37, Rosebank Avenue, Wembley, Greater London HA0 2TL2
£290K07/230.82 mi74, Wincanton Crescent, Northolt, Greater London UB5 4HH2
£395K03/210.82 mi47, Lancaster Road, Northolt, Greater London UB5 4TD2
£575K11/200.82 mi9, Trafalgar Terrace, Harrow, Greater London HA1 3EU2
£527.5K11/220.82 mi7, Trafalgar Terrace, Harrow, Greater London HA1 3EU2
£370K03/210.83 mi40, Lancaster Road, Northolt, Greater London UB5 4TH2
£411K12/220.91 mi8, Anson Terrace, Northolt, Greater London UB5 4TU2
£531K07/230.92 mi16, Kingsfield Road, Harrow, Greater London HA1 3DD2
£610K12/220.92 mi10, Kingsfield Road, Harrow, Greater London HA1 3DD2

Local Rents

50 rents from £1.6K/mo to £2.4K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,80004/240.18 miOsbury Court, 52 Northolt Road, Harrow, Greater London, HA22
£1,70004/240.23 mi-2
£1,67502/250.23 mi-2
£1,70002/250.23 mi-2
£1,70004/240.23 mi-2
£1,85003/250.24 mi-2
£1,87512/240.29 mi-2
£1,79512/240.29 mi-2
£1,85002/240.29 miNortholt Road, South Harrow, Harrow, HA22
£1,85002/250.4 mi-2
£1,80004/250.4 mi-2
£1,80001/240.4 miHarrow2
£1,75001/250.4 mi-2
£1,80012/240.4 mi-2
£1,80004/250.4 mi-2
£2,35012/240.41 mi-2
£2,30012/240.41 mi-2
£2,20012/240.41 mi-2
£1,55004/240.41 miCorbins Lane, South Harrow, HA2 8EN2
£2,00012/240.41 mi-2
£2,00012/240.41 mi-2
£1,80003/250.42 mi-2
£1,90004/250.42 mi-2
£2,00002/240.42 miAshbourne Avenue, Harrow2
£2,00004/240.43 miAshbourne Avenue, Harrow, HA22
£1,95004/240.43 mi-2
£2,25004/240.43 mi-2
£2,30004/240.44 mi-2
£2,20012/240.44 mi-2
£1,90012/240.47 mi-2
£1,85004/240.47 miFircroft Gardens, HARROW2
£1,90004/240.47 miFircroft Gardens, Harrow on the Hill2
£1,72504/250.48 mi-2
£1,80002/250.49 mi-2
£1,95004/240.49 miCottage Close, Harrow, HA22
£1,85004/240.49 miCottage Close, Harrow, Middlesex, HA22
£2,00002/240.5 miRoxeth Hill, Harrow, HA22
£2,10004/240.51 miSudbury Hill, Harrow on the Hill, Harrow, HA12
£1,67512/240.51 mi-2
£1,70004/240.51 miWendela Court, Harrow On The Hill, Middlesex, HA1 3NB2
£1,77501/250.52 mi-2
£1,72504/240.52 mi-2
£1,77512/240.52 mi-2
£1,77504/240.52 miChyngton Court, Harrow, HA12
£1,85003/240.52 miBrickfields, Harrow, Middlesex, HA22
£1,89504/240.52 mi-2
£1,85012/240.52 mi-2
£1,60001/250.52 mi-2
£2,00003/250.53 mi-2
£2,20004/240.53 miParkside, London Road, Harrow on the Hill2

Local Area Statistics

Population in HA2

55,273

Population in Harrow

164,559

Town centre distance

1.75 miles away

Nearest school

0.30 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Buyer's market

Capital growth (5yrs)

+25%

Property History

Listed for £575,000

December 3, 2024

Description

  • PLANNING GRANTED FOR 2 X 3 BED SEMIS +
  • PLANNING GRANTED FOR LARGE EXTENSION +
  • Garage has potential to be converted into seperate dwelling STPP +

2 bedroom bungalow for sale!

Development opportunity

Permission granted for 2 X 3 bedroom semi-detached houses with parking.

Permission granted for large extensions to provide a 3-4 bed family home or 4-5 room HMO rental.

Introducing an exceptional development opportunity conveniently located just moments away from South Harrow underground station. Situated within easy reach of several bus routes, including those leading to Harrow on the Hill underground station, this property offers an ideal position for seamless commuting into the city. With approved planning permission to demolish the existing unit and build two contemporary 3 bed 3 bath homes of some 1260sqft each, and parking for both units, this project promises both convenience and modern living. Dont miss the chance to capitalize on this prime location and create two remarkable residences

Another exciting option is the approved planning permission to extend the existing unit into a spacious 3-4 bedroom home, also suited for conversion into a 4-5 room House in Multiple Occupation (HMO). Boasting a potential rental yield ranging from £3800 to £4300 per calendar month, this property presents an attractive investment prospect.

Whether youre seeking a lucrative rental income or a spacious family home, this versatile property could offer endless possibilities. Currently rented under an Assured Shorthold Tenancy (AST) agreement at £1850 per calendar month, this property presents an immediate income stream while offering the potential for lucrative expansion.

Agent Details

Woodrow Morris, Harrow-on-the-Hill

020 3835 3775

Next Steps?

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