3 Bed Semi-Detached House, Refurb/BRRR, Harrow, HA3 7AW, £550,000

Spencer Road, Harrow, HA3 7AW - 4 months ago

Under Offer

Refurb/BRRR

~116 m²

+6 photos

ValuationUndervalued

Sold Prices	£260K - £635K
Sold Prices/m²	£3.5K/m² - £7.6K/m²

Square Metres	~116.40 m²
Price/m²	£4.7K/m²
Value Estimate	£566,500£566,500
BMV	3%

End Value (After Refurb)	£603,380£603,380
Uplift in Value	+10%+10%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£137,500£137,500
Stamp Duty & Legal Fees	£46,200£46,200
Refurb Costs	£61,579£61,579
Bridging Loan Interest	£14,438£14,438
Total Cash In	£261,467£261,467

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£603,380£603,380
Mortgage (After Refinance)	£452,535£452,535
Mortgage LTV	75%75%
Cash Released	£40,035£40,035
Cash Left In	£221,432£221,432
Equity	£150,845£150,845
Rent Range	£1,700 - £3,000£1,700 - £3,000
Rent Estimate	£2,309
Running Costs/mo	£2,367£2,367
Cashflow/mo	£-58£-58
Cashflow/yr	£-700£-700
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £260K to £635K, average is £494.3K. £3.5K/m² to £7.6K/m², average is £5.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£560K	07/23	0.04 mi	57, Risingholme Road, Harrow, Greater London HA3 7EP	-	-	3	Semi-Detached House
£450K	10/20	0.04 mi	41, Risingholme Road, Harrow, Greater London HA3 7EP	£4,545	99	3	Terraced House
£465K	02/21	0.04 mi	49, Risingholme Road, Harrow, Greater London HA3 7EP	£5,000	93	3	Terraced House
£505K	02/21	0.04 mi	61, Risingholme Road, Harrow, Greater London HA3 7EP	£4,951	102	3	Terraced House
£470K	05/23	0.05 mi	20, Risingholme Road, Harrow, Greater London HA3 7ER	-	-	3	Terraced House
£487K	11/22	0.05 mi	34, Risingholme Road, Harrow, Greater London HA3 7ER	-	-	3	Terraced House
£535K	12/22	0.09 mi	16, The Greenway, Wealdstone, Harrow, Greater London HA3 7EL	-	-	3	Semi-Detached House
£530K	07/21	0.09 mi	92, Spencer Road, Harrow, Greater London HA3 7AR	-	-	3	Semi-Detached House
£432.5K	12/20	0.09 mi	210, High Road, Harrow, Greater London HA3 7BA	£3,892	111	3	Terraced House
£425K	10/20	0.12 mi	50, The Broadway, Wealdstone, Harrow, Greater London HA3 7EH	£5,380	79	3	Semi-Detached House
£475K	11/23	0.16 mi	25a, Spencer Road, Harrow, Greater London HA3 7AN	-	-	3	Detached House
£570K	02/21	0.17 mi	15, Park Rise, Harrow, Greater London HA3 6EP	£5,000	114	3	Semi-Detached House
£526K	04/21	0.18 mi	41, Park Crescent, Harrow, Greater London HA3 6ER	£5,780	91	3	Semi-Detached House
£605K	06/21	0.19 mi	41, Spencer Road, Harrow, Greater London HA3 7AN	-	-	3	Semi-Detached House
£457K	11/20	0.2 mi	3, Harkett Close, Harrow, Greater London HA3 7EY	£3,974	115	3	Terraced House
£472K	04/21	0.21 mi	11, Church Lane, Harrow, Greater London HA3 7EB	£6,841	69	3	Terraced House
£260K	03/23	0.22 mi	28, Montrose Road, Harrow, Greater London HA3 7DU	£3,493	74	3	Semi-Detached House
£535K	06/21	0.22 mi	15, Farmstead Road, Harrow, Greater London HA3 5HQ	-	-	3	Semi-Detached House
£493.5K	12/20	0.22 mi	86, Warham Road, Harrow, Greater London HA3 7HZ	-	-	3	Semi-Detached House
£490K	06/21	0.24 mi	1, Barchester Road, Harrow, Greater London HA3 5HH	£4,712	104	3	Terraced House
£525K	12/20	0.24 mi	31, Barchester Road, Harrow, Greater London HA3 5HH	£4,861	108	3	Semi-Detached House
£505K	10/20	0.25 mi	47, Whitefriars Avenue, Harrow, Greater London HA3 5RQ	£5,611	90	3	Terraced House
£490K	04/21	0.25 mi	45, College Avenue, Harrow, Greater London HA3 6EZ	£6,088	80	3	Semi-Detached House
£500K	04/21	0.25 mi	50, Lorne Road, Harrow, Greater London HA3 7NJ	-	-	3	Semi-Detached House
£500K	03/23	0.25 mi	277, Byron Road, Wealdstone, Harrow, Greater London HA3 7TE	-	-	3	Terraced House
£508K	01/21	0.25 mi	283, Byron Road, Wealdstone, Harrow, Greater London HA3 7TE	£5,184	98	3	Terraced House
£585K	03/23	0.26 mi	26, Adderley Road, Harrow, Greater London HA3 7HT	-	-	3	Semi-Detached House
£510K	06/21	0.26 mi	61, Bishop Ken Road, Harrow, Greater London HA3 7HU	£5,204	98	3	Terraced House
£430K	04/21	0.27 mi	33, Locket Road, Wealdstone, Harrow, Greater London HA3 7ND	-	-	3	Semi-Detached House
£525K	04/23	0.28 mi	35, Adderley Road, Harrow, Greater London HA3 7HS	£7,609	69	3	Terraced House
£635K	03/23	0.28 mi	71, Park Crescent, Harrow, Greater London HA3 6EU	-	-	3	Terraced House
£427.5K	02/21	0.29 mi	51, Toorack Road, Harrow, Greater London HA3 5HR	£5,982	71	3	Semi-Detached House
£465K	08/21	0.29 mi	38, Graham Road, Wealdstone, Harrow, Greater London HA3 5RF	-	-	3	Terraced House
£313K	05/21	0.3 mi	35a, Locket Road, Harrow, Greater London HA3 7NQ	£4,347	72	3	Terraced House
£540K	01/23	0.3 mi	56, The Avenue, Harrow, Greater London HA3 7DD	£4,779	113	3	Terraced House
£485K	04/21	0.3 mi	75, Bishop Ken Road, Harrow, Greater London HA3 7HP	-	-	3	Terraced House
£488K	06/21	0.3 mi	90, Park Crescent, Harrow, Greater London HA3 6ET	-	-	3	Semi-Detached House
£556K	01/21	0.3 mi	34, College Hill Road, Harrow, Greater London HA3 7HE	£5,196	107	3	Semi-Detached House
£476K	03/21	0.3 mi	69, College Hill Road, Harrow, Greater London HA3 7BT	£5,667	84	3	Semi-Detached House
£540K	10/21	0.3 mi	112, Park Crescent, Harrow, Greater London HA3 6ET	-	-	3	Semi-Detached House
£542K	09/23	0.31 mi	61, Sefton Avenue, Harrow, Greater London HA3 5JP	-	-	3	Semi-Detached House
£560K	03/23	0.31 mi	26, Bengarth Drive, Harrow, Greater London HA3 5HZ	£7,273	77	3	Semi-Detached House
£495K	06/21	0.31 mi	39, Wolseley Road, Harrow, Greater London HA3 5RU	-	-	3	Terraced House
£495K	06/21	0.31 mi	39, Wolseley Road, Harrow, Greater London HA3 5RU	-	-	3	Terraced House
£490K	12/20	0.33 mi	22, Hibbert Road, Wealdstone, Harrow, Greater London HA3 7JS	£6,125	80	3	Semi-Detached House
£490K	12/20	0.33 mi	22, Hibbert Road, Wealdstone, Harrow, Greater London HA3 7JS	£6,125	80	3	Semi-Detached House
£545K	06/21	0.33 mi	48, Hibbert Road, Wealdstone, Harrow, Greater London HA3 7JS	£5,989	91	3	Semi-Detached House
£458K	03/21	0.34 mi	45, Wellington Road, Harrow, Greater London HA3 5SD	-	-	3	Terraced House
£460K	04/21	0.34 mi	77, Athelstone Road, Harrow, Greater London HA3 5NY	£5,476	84	3	Semi-Detached House
£417K	06/21	0.35 mi	70, Graham Road, Harrow, Greater London HA3 5RG	£4,849	86	3	Terraced House

Local Rents

28 rents from £1.7K/mo to £3K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,250	03/24	0.02 mi	Spencer Road, Harrow	3	Semi-Detached House
£2,600	12/24	0.15 mi	-	3	Semi-Detached House
£2,250	03/25	0.19 mi	-	3	Terraced House
£3,000	04/24	0.22 mi	Farmstead Road, Harrow	3	Semi-Detached House
£2,750	04/24	0.22 mi	Park Crescent, HA3	3	Detached House
£2,000	04/24	0.23 mi	Whitefriars Avenue, Harrow	3	Terraced House
£1,850	04/24	0.24 mi	-	3	Flat
£2,300	12/24	0.33 mi	-	3	Semi-Detached House
£2,000	02/24	0.34 mi	College Road, Harrow Weald	3	Terraced House
£2,450	03/25	0.36 mi	-	3	Terraced House
£2,300	12/24	0.37 mi	-	3	Flat
£2,050	04/24	0.37 mi	Lorne Road, Harrow, Greater London, HA3	3	Terraced House
£2,450	04/24	0.38 mi	-	3	Flat
£2,200	03/25	0.39 mi	-	3	Semi-Detached House
£2,400	04/24	0.39 mi	Wickham Road, Harrow, Middlesex HA3	3	Terraced House
£2,500	03/25	0.46 mi	-	3	Semi-Detached House
£1,700	02/24	0.49 mi	College Hill Road, Harrow	3	Flat
£2,100	01/24	0.51 mi	Windsor Road, Harrow	3	Semi-Detached House
£2,300	02/23	0.55 mi	Hampden Road, Harrow Weald	3	Semi-Detached House
£2,300	02/25	0.55 mi	-	3	Semi-Detached House
£2,400	02/25	0.55 mi	-	3	Semi-Detached House
£2,100	04/24	0.56 mi	Sancroft Road Harrow HA3	3	House
£2,950	04/24	0.56 mi	Earl Crescent, HA1	3	Terraced House
£1,900	04/24	0.56 mi	-	3	Semi-Detached House
£2,950	04/24	0.57 mi	Harrow, HA1	3	Terraced House
£2,000	04/24	0.58 mi	Long Elmes, Harrow Weald, Middlesex HA3	3	Terraced House
£2,300	12/24	0.59 mi	-	3	Semi-Detached House
£2,300	04/24	0.59 mi	Woodcroft Avenue, Stanmore, HA7	3	Semi-Detached House

Local Area Statistics

Population in HA3	70,80970,809
Population in Harrow	164,559164,559
Town centre distance	1.02 miles away1.02 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.63 miles away0.63 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 £550,000

December 6, 2024

Floor Plans

Description

Three Bedroom +
Semi-Detached House +
Garage Own Drive +
No Chain +
Large Rear Garden +
Convenient Location +
Council Tax - Band E +

THREE BEDROOM - SEMI-DETACHED - POTENTIAL TO EXTEND (stpp) - NO CHAIN - GARAGE OWN DRIVE - VIEW NOW. Brian Cox and Company are pleased to present to the market this three bedroom semi-detached family home. The property is in need of modernisation but comprises a porch, two reception rooms, kitchen, three bedrooms, family bathroom and separate w/c. Further benefits include a garage via own drive with a workshop, off street parking and no onward chain. Viewings are highly recommended so call now to arrange yours!!

Agent Details

Brian Cox, Harrow

020 3840 3656

Next Steps?

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

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