2 Bed Flat, Cash/Bridging Only, Harrow, HA1 2EX, £180,000

414 Platinum House, Lyon Road, Harrow HA1 2EX - 3 views - 4 months ago

Leasehold
Cash
ROI: 6%
~64 m²
+6 photos

ValuationUndervalued

Sold Prices£82K - £530K
Sold Prices/m²£1.4K/m² - £8.5K/m²

 

 

Square Metres

~64 m²
Price/m²£2.8K/m²

Value Estimate

£185,400
BMV3%

 

 

End Value (After Refurb)

£376,381

Uplift in Value

+109%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£11,300

Refurb Costs

£33,903

Bridging Loan Interest

£4,725

Total Cash In

£96,678

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£376,381

Agent Fees (1%)

£3,764

Bridging Loan

£135,000

Bridging Loan Interest

£4,725

Flip Profit

£140,939

Local Sold Prices

50 sold prices from £82K to £530K, average is £343.3K. £1.4K/m² to £8.5K/m², average is £5.8K/m².

PriceDateDistanceAddressBeds 
£330K03/210.16 miFlat 11, Lime Court, Gayton Road, Harrow, Greater London HA1 2YD2
£415K11/220.19 mi1, Kenton Avenue, Harrow, Greater London HA1 2BN2
£375K12/220.23 mi29, Welldon Crescent, Harrow, Greater London HA1 1QP2
£396K06/230.23 miGround Floor Flat, 39, Welldon Crescent, Harrow, Greater London HA1 1QP2
£375K01/210.25 mi54, Welldon Crescent, Harrow, Greater London HA1 1QR2
£350K02/230.29 miFlat 10, Brandan House, Sovereign Place, Harrow, Greater London HA1 2FN2
£400K05/210.29 mi54, Lowlands Road, Harrow, Greater London HA1 3AN2
£345K12/220.34 mi21, Duffield Close, Harrow, Greater London HA1 2LG2
£355K06/230.34 mi20, Duffield Close, Harrow, Greater London HA1 2LG2
£280K11/200.35 mi11, Thurlby Close, Harrow, Greater London HA1 2LZ2
£530K06/230.36 miFlat 7, Appin Court, Roxborough Park, Harrow, Greater London HA1 3BJ2
£414K01/230.37 miGround Floor Flat, 12, Oakley Road, Harrow, Greater London HA1 1QB2
£352.5K02/210.38 miFlat 11, Leaf House, Catherine Place, Harrow, Greater London HA1 2JW2
£302K03/230.39 mi32, Glenwood Close, Harrow, Greater London HA1 2QL2
£300K10/210.39 mi29, Glenwood Close, Harrow, Greater London HA1 2QN2
£315K01/210.4 mi2, Glenwood Close, Harrow, Greater London HA1 2QL2
£255K02/210.41 mi49, Elmgrove Crescent, Harrow, Greater London HA1 2QT2
£400K06/210.42 mi23, Hamilton Road, Harrow, Greater London HA1 1SX2
£329K06/210.44 mi62d, Warrington Road, Harrow, Greater London HA1 1SY2
£475K03/210.45 mi70, Nibthwaite Road, Harrow, Greater London HA1 1TG2
£335K03/230.46 mi79, Elmgrove Road, Harrow, Greater London HA1 2QW2
£336K09/230.49 mi111, Rosslyn Crescent, Harrow, Greater London HA1 2RY2
£338K08/230.49 miGround Floor Maisonette, 25, Harrow View, Harrow, Greater London HA1 1RE2
£370K12/200.51 mi42, Vaughan Road, Harrow, Greater London HA1 4EE2
£361K01/240.51 mi27a, Vaughan Road, Harrow, Greater London HA1 4DP2
£375K04/210.52 mi120a, Hindes Road, Harrow, Greater London HA1 1RR2
£350K01/210.53 mi33, Butler Avenue, Harrow, Greater London HA1 4EJ2
£341.5K08/230.54 mi33a, Frognal Avenue, Harrow, Greater London HA1 2SG2
£300K11/210.55 mi87a, Bessborough Road, Harrow, Greater London HA1 3DB2
£368K12/200.56 mi10a, Radnor Avenue, Harrow, Greater London HA1 1SB2
£330K02/210.56 mi25b, Radnor Avenue, Harrow, Greater London HA1 1SB2
£420K02/210.57 mi78, Radnor Road, Harrow, Greater London HA1 1SA2
£407K12/220.59 mi73a, Harrow View, Harrow, Greater London HA1 1RF2
£280K03/210.6 miLower Maisonette, 10, Harrow View, Harrow, Greater London HA1 1RG2
£355K02/210.62 mi29a, Salisbury Road, Harrow, Greater London HA1 1NU2
£125K12/220.64 mi25, Farmborough Close, Harrow, Greater London HA1 3YG2
£82K09/210.65 mi10, Farmborough Close, Harrow, Greater London HA1 3YG2
£331.8K04/230.66 mi9, Devonshire Road, Harrow, Greater London HA1 4LP2
£334.6K04/230.67 mi75a, Butler Road, Harrow, Greater London HA1 4DS2
£387.5K10/230.67 mi39, Butler Road, Harrow, Greater London HA1 4DS2
£325K10/210.67 mi84, Harrow View, Harrow, Greater London HA1 4TE2
£315K06/210.69 mi10, Rusland Heights, Harrow, Greater London HA1 1UU2
£387K05/210.69 mi43a, Beresford Road, Harrow, Greater London HA1 4QR2
£387K05/210.69 mi43a, Beresford Road, Harrow, Greater London HA1 4QR2
£370K06/210.7 mi41, Ranmoor Close, Harrow, Greater London HA1 1UH2
£308K10/200.72 mi133a, Pinner Road, Harrow, Greater London HA1 4EU2
£295K06/210.74 mi36a, Herga Road, Harrow, Greater London HA3 5AS2
£322K08/230.74 mi24a, Herga Road, Harrow, Greater London HA3 5AS2
£200K06/210.75 mi157a, Pinner Road, Harrow, Greater London HA1 4EU2
£311K01/230.76 mi44, Masons Avenue, Harrow, Greater London HA3 5AR2

Local Rents

50 rents from £1.4K/mo to £4.3K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£1,85004/240 miPlatinum House, Lyon Road, Harrow2
£1,55004/240.01 miLyon Road, Harrow2
£1,85004/240.01 miPlatinum House, Lyon Road, Harrow, Greater London, HA12
£2,30003/240.02 miLyon Road, Harrow, HA12
£2,15004/240.02 mi-2
£1,75004/250.02 mi-2
£1,70004/240.03 miPlatinum House Lyon Road, Harrow, Middlesex, HA1 2EX2
£1,59512/240.03 mi-2
£1,65002/250.03 mi-2
£2,10003/250.03 mi-2
£2,20004/250.04 mi-2
£1,65004/240.04 miPlatinum House Lyon Road, Harrow2
£2,15004/240.04 miLyon Road, HA12
£1,89504/240.05 miBronze Apartment, Station Road, Harrow, HA12
£2,30004/240.05 miCurtis Court, Lyon Road, Harrow, HA12
£2,40004/240.06 mi-2
£2,50002/240.07 mi-2
£1,75004/240.07 miStation Road, Harrow, HA12
£1,85004/240.07 miStation Road, Harrow, HA12
£2,00003/250.08 mi-2
£2,10004/240.08 miBryon Court, Harrow, HA12
£1,92404/250.08 mi-2
£1,90004/250.08 mi-2
£1,75004/240.09 miKnowles Court, Gayton Road, Harrow2
£2,25001/250.1 mi-2
£2,20004/240.1 miHarrow HA12
£2,15004/240.1 miBellow House, Harrow On The Hill, HA12
£1,89504/240.11 miBaldwin House, 2 Gayton Road, Harrow, HA12
£2,23204/240.11 miBellow House, Gayton Road, Harrow2
£1,40001/250.11 mi-2
£2,30004/250.11 mi-2
£1,85004/230.12 miMoore House, Harrow2
£4,33303/250.12 mi-2
£2,40004/250.12 mi-2
£2,00004/240.12 miGayton Road, Harrow, HA12
£2,10002/240.12 miBaldwin House, Gayton Road, Harrow2
£1,90002/250.13 mi-2
£1,85012/240.13 mi-2
£1,85004/240.13 miGreenhill Way, Harrow, HA12
£2,30012/240.13 mi-2
£2,15002/240.13 miHarrow Square, Harrow, HA12
£2,40004/250.14 mi-2
£2,40004/240.14 miPerceval Square, Harrow, HA12
£2,20004/250.15 mi-2
£2,50012/240.15 mi-2
£2,15004/240.15 miHarrow on the hill, HA12
£2,15004/240.15 miHarrow on the hill, HA12
£1,67512/240.15 mi-2
£2,39802/250.15 mi-2
£1,85004/240.16 miTempsford Court Sheepcote Road, HARROW HA1 2JJ2

Local Area Statistics

Population in HA1

38,441

Population in Harrow

164,559

Town centre distance

0.37 miles away

Nearest school

0.20 miles away

Nearest train station

0.21 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Buyer's market

Capital growth (5yrs)

+22%

Property History

Price changed to £180,000

March 5, 2025

Price changed to £200,000

January 16, 2025

Listed for £225,000

December 3, 2024

Floor Plans

Description

  • ** TWO BEDROOM FLAT +
  • ** PURPOSE BUILT BLOCK +
  • ** SPACIOUS RECEPTION ROOM +
  • ** FULLY FITTED KITCHEN +
  • ** TWO BATHROOMS +
  • ** BALCONY +
  • ** ALLOCATED PARKING SPACE +
  • ** CENTRAL HARROW LOCATION +

SUMMARY
Connells are now in receipt of an offer for the sum of £180,000 for 414 Platinum House, Lyon Road, Harrow HA1 2EX.

Anyone wishing to place an offer on the property should contact Connells, 182 Station Road, Harrow HA1 2RH Telephone: prior to exchange of contracts.

DESCRIPTION
CHAIN FREE CASH BUYERS ONLYTWO BEDROOM FLAT SPACIOUS RECEPTION ROOM FULLY FITTED KITCHEN TWO BATHROOMS BALCONY UNDERGROUND PARKING SPACE GYM CENTRAL HARROW LOCATION VIEWINGS HIGHLY RECOMMENDED

Connells are pleased to offer to the market this spacious two bedroom, two bathroom apartment in central Harrow.
The apartment briefly comprises of a fully fitted open plan kitchen ( including Washer Dryer & Dishwasher) and a bright and spacious reception room with direct access to a balcony. The master bedroom benefits from a modern en-suite bathroom, separate bathroom and second bedroom. Additional benefits include entry phone system, access to communal facilities such as, gym, Jacuzzi, sauna and swimming pool with no extra charge!
The apartment also has 24 hours concierge & allocated post box area as well as underground allocated parking space for 1 car.
The property is located within easy access to public transport and central harrow amenities.
This would make an ideal property for first time buyers or investors.
Viewings are highly recommended.

Agents Note
This property has an offer accepted subject to contract but is still currently available to view.

Agents Note: 
Please be advised that these details are produced to the best of our knowledge from a visual inspection of the property, and due to the nature of the sale have not been confirmed as correct. We advise you to satisfy yourself in relation to the boundaries, condition and services prior to proceeding.

Entrance Hall 

Kitchen / Living Room 18' 4" x 10' 6" ( 5.59m x 3.20m )

Bathroom 

Bedroom One 10' 10" x 9' 2" ( 3.30m x 2.79m )

En-Suite 

Bedroom Two 9' 6" x 9' 2" ( 2.90m x 2.79m )

Store 

Disclaimer: 
All services/appliances have not and will not be tested.

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Harrow

020 3892 9703

Next Steps?

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

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