7 Bed HMO, Harrow, HA3 5HH, £850,000

742 Barchester Road, Harrow, HA3 5HH - 2 views - 4 months ago

Sold STC
HMO
ROI: 3%
~217 m²
+21 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£212,500

Stamp Duty & Legal Fees

£56,700

Total Cash In

£269,200

 

 

Cash Out

 

Room Rate

£774

Gross Rent

£5,418

Running Costs/mo

£4,729

Cashflow/mo

£689

Cashflow/yr

£8,270

ROI

3%

Gross Yield

8%













Property History

Listed for £850,000

December 5, 2024

Sold for £500,000

2008

Sold for £248,000

1999

Floor Plans

Description

  • Detached House +
  • Licenced and Let as a House of Multiple Occupancy (HMO) +
  • Seven Bedrooms & Two Receptions +
  • Two Kitchens +
  • Four Bathrooms +
  • Garden +
  • Off Street Parking +
  • Outbuilding +
  • Garage +
  • Freehold +

This rare, spacious detached property offers an excellent investment opportunity or a versatile family home. Spanning approximately 257.1 sq m (2,767 sq ft), it features seven bedrooms, two reception rooms, four bathrooms, two kitchens, a garden with decked and lawn areas, an outbuilding, a garage, and off-street parking. Located within a 10-minute walk of the High Road and close to local transport links (Headstone Lane and Harrow & Wealdstone stations), it is also near excellent schools. Currently let as a licensed HMO generating £65,000 per annum, this freehold property provides substantial living space and significant potential for comfortable living or rental income.

Internally - Investment Opportunity! This rare detached spacious and versatile property boasts a substantial total area of approximately 257.1 sq m (2,767 sq ft), including a garage and outbuilding. Perfect for families or those seeking a multi-functional home, the layout offers seven well-sized rooms, two reception rooms, multiple kitchens, and outdoor space. With its generous proportions and flexible configuration, the property provides endless possibilities for comfortable living, working, and entertaining.

Externally - Rear garden with decked and laid to lawn area. To the rear is an outbuilding and garage.

Location - Located within a ten-minute walk to the High Road with a number of local shops and amenities. Local transport links include Headstone Lane Station and Harrow & Wealdstone Underground Station are both 0.8 miles away. Local schools include Salvatorian Roman Catholic College 0.3 miles away, Whitefriars School and The Sacred Heart Language College both 0.4 miles away, Kingsley High School 0.7 miles away and Weald Rise Primary School 0.8 miles away.

Additional Information - Council Tax Band F - £3,302.46
Let as a licenced house of multiple occupations with a current rent of £65,000 per annum. Creating a 7.7% Yield.

Agent Details

David Conway & Co, South Harrow - Sales

020 3872 3024

Next Steps?

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

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