3 Bed Terraced House, Refurb/BRRR, UB6 8JJ, £475,000

38 Tees Avenue, Perivale, Greenford, Greater London UB6 8JJ - 4 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~72 m²

ValuationOvervalued

Sold Prices£270K - £700K
Sold Prices/m²£2.8K/m² - £8.2K/m²

 

 

Square Metres

~72 m²
Price/m²£6.6K/m²

Value Estimate

£432,650

 

 

End Value (After Refurb)

£456,686

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£38,700

Refurb Costs

£38,090

Bridging Loan Interest

£12,469

Total Cash In

£209,759

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£456,686

Mortgage (After Refinance)

£342,514

Mortgage LTV

75%

Cash Left In

£209,759

Equity

£114,171

Rent Range

£1,750 - £3,220

Rent Estimate

£2,509

Running Costs/mo

£1,949

Cashflow/mo

£560

Cashflow/yr

£6,721

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £270K to £700K, average is £520K. £2.8K/m² to £8.2K/m², average is £6.4K/m².

PriceDateDistanceAddressBeds 
£615.2K11/220.06 mi14, Calder Avenue, Perivale, Greenford, Greater London UB6 8JQ3
£515K01/210.08 mi69, Conway Crescent, Perivale, Greenford, Greater London UB6 8JA3
£690K07/230.11 mi34, Conway Crescent, Perivale, Greenford, Greater London UB6 8HZ3
£485K11/200.12 mi189, Conway Crescent, Perivale, Greenford, Greater London UB6 8JE3
£430K04/210.14 mi2, Cayton Road, Greenford, Greater London UB6 8BJ3
£607.5K07/230.14 mi30, Medway Drive, Perivale, Greenford, Greater London UB6 8LW3
£510K10/230.14 mi47, Medway Drive, Perivale, Greenford, Greater London UB6 8LW3
£580K10/230.15 mi295, Conway Crescent, Perivale, Greenford, Greater London UB6 8JG3
£540K10/210.16 mi207, Conway Crescent, Perivale, Greenford, Greater London UB6 8JF3
£560K06/210.19 mi75, Daryngton Drive, Greenford, Greater London UB6 8BH3
£400K11/200.19 mi22, Hodder Drive, Perivale, Greenford, Greater London UB6 8LH3
£580K05/230.19 mi75, Daryngton Drive, Greenford, Greater London UB6 8BH3
£487K06/210.19 mi98, Hodder Drive, Perivale, Greenford, Greater London UB6 8LL3
£566K03/210.19 mi54, Hodder Drive, Perivale, Greenford, Greater London UB6 8LL3
£642K10/220.2 mi76, Daryngton Drive, Greenford, Greater London UB6 8BL3
£500K06/210.22 mi45, Barmouth Avenue, Perivale, Greenford, Greater London UB6 8JS3
£580K12/200.25 mi34, Barmouth Avenue, Perivale, Greenford, Greater London UB6 8JT3
£643K06/210.25 mi178, Hicks Avenue, Greenford, Greater London UB6 8HD3
£457.5K03/210.28 mi11, David Avenue, Greenford, Greater London UB6 8HG3
£510K12/210.29 mi14, Wyresdale Crescent, Perivale, Greenford, Greater London UB6 8TQ3
£585K11/230.29 mi38, Ribchester Avenue, Perivale, Greenford, Greater London UB6 8TG3
£515K03/230.31 mi145, Woodhouse Avenue, Perivale, Greenford, Greater London UB6 8LQ3
£560K06/210.35 mi34, Anthony Road, Greenford, Greater London UB6 8HF3
£465K03/210.35 mi16, Anthony Road, Greenford, Greater London UB6 8HE3
£520K06/210.35 mi5, Anthony Road, Greenford, Greater London UB6 8HE3
£448K12/200.39 mi51, Hicks Avenue, Greenford, Greater London UB6 8EZ3
£465K07/210.39 mi37, Hicks Avenue, Greenford, Greater London UB6 8EZ3
£470K10/230.39 mi49, Hicks Avenue, Greenford, Greater London UB6 8EZ3
£478K12/230.39 mi85, Hicks Avenue, Greenford, Greater London UB6 8EZ3
£545K06/210.41 mi28, Sunley Gardens, Perivale, Greenford, Greater London UB6 7PE3
£580K12/200.42 mi866, Greenford Road, Greenford, Greater London UB6 8QW3
£520K11/230.42 mi888, Greenford Road, Greenford, Greater London UB6 8QW3
£520K02/210.49 mi5, Sunley Gardens, Perivale, Greenford, Greater London UB6 7PF3
£500K05/230.5 mi147, Horsenden Lane South, Perivale, Greenford, Greater London UB6 7NR3
£550K12/210.51 mi44, Horsenden Lane South, Perivale, Greenford, Greater London UB6 8AD3
£270K05/210.51 mi28, Horsenden Lane South, Perivale, Greenford, Greater London UB6 8AD3
£540K02/240.51 mi56, Horsenden Lane South, Perivale, Greenford, Greater London UB6 8AD3
£500K02/210.51 mi46, Horsenden Lane South, Perivale, Greenford, Greater London UB6 8AD3
£535K03/210.52 mi7, Costons Avenue, Greenford, Greater London UB6 8RJ3
£510K08/210.52 mi33, Costons Avenue, Greenford, Greater London UB6 8RJ3
£547K04/210.52 mi45, Costons Avenue, Greenford, Greater London UB6 8RJ3
£505K02/210.52 mi22, Costons Avenue, Greenford, Greater London UB6 8RJ3
£520K11/210.55 mi33, Tavistock Avenue, Perivale, Greenford, Greater London UB6 8AW3
£620K10/230.59 mi80, Betham Road, Greenford, Greater London UB6 8SA3
£575K10/230.6 mi3, Dawlish Avenue, Perivale, Greenford, Greater London UB6 8AQ3
£460K11/200.61 mi23, Peal Gardens, London, Greater London W13 0BA3
£300K12/230.63 mi7, Hill Rise, Greenford, Greater London UB6 8NZ3
£700K04/240.64 mi117, Ruislip Road East, London, Greater London W7 1BS3
£535K12/200.66 mi292, Bilton Road, Perivale, Greenford, Greater London UB6 7HJ3
£520K03/210.67 mi144, Costons Lane, Greenford, Greater London UB6 9AD3

Local Rents

51 rents from £1.8K/mo to £3.2K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,30003/250.13 mi-3
£2,49910/240.21 miWoodhouse Avenue- Perivale3
£2,30010/240.31 miHicks Avenue, Greenford3
£2,30010/240.31 miHicks Avenue, Greenford, UB63
£2,65002/250.35 mi-3
£2,40011/240.53 mi-3
£2,25010/240.57 mi-3
£2,20010/240.57 miOldfield Lane North, Greenford, UB63
£1,75001/250.59 mi-3
£1,75001/250.59 mi-3
£2,32504/250.66 mi-3
£2,45003/250.66 mi-3
£3,09911/240.68 mi-3
£2,20010/240.68 miBideford Avenue, Perivale, Greenford, UB63
£2,50011/240.73 mi-3
£3,00011/240.76 mi-3
£2,65004/250.76 mi-3
£2,50001/250.78 mi-3
£2,98110/240.83 miLyons Dock, Greenford, Middlesex, UB63
£3,02410/240.83 miLyons Dock, Greenford, Middlesex, UB63
£2,96310/240.83 miGlassworks Court, Greenford, Middlesex, UB63
£3,22010/240.83 miGlassworks Court, Greenford, Middlesex, UB63
£3,14310/240.83 miGlassworks Court, Greenford, Middlesex, UB63
£2,00010/240.83 miStanhope Park Road, Greenford3
£2,70010/240.83 miOldfield Lane South, Greenford, UB63
£2,70010/240.84 miOldfield Lane South, Greenford, Greater London3
£2,70010/240.84 miOldfield Lane South, Greenford3
£2,70010/240.84 miOldfield Lane South, Greenford, Greater London, UB63
£2,00010/240.85 miRydal Crescent, Perivale, Greenford, UB63
£3,11001/250.85 mi-3
£3,00012/240.85 mi-3
£2,50010/240.88 miConiston Avenue, Perivale3
£2,00010/240.89 mi-3
£2,30004/250.92 mi-3
£2,20010/240.95 miSarsfield Road, Perivale, Greenford, UB63
£2,10011/240.99 mi-3
£2,30004/251.01 mi-3
£2,60003/251.04 mi-3
£2,65002/251.05 mi-3
£2,80010/241.06 miWoodbury Park Road, Ealing, W133
£1,95001/251.06 mi-3
£2,40010/241.08 miRothesay Avenue, Greenford3
£2,50011/241.09 mi-3
£2,65004/251.11 mi-3
£2,40010/241.12 mi-3
£2,30010/241.13 miMayfield Gardens, Hanwell3
£2,20010/241.13 mi-3
£2,30010/241.14 miEmpire Road, Perivale, Greenford, UB63
£2,49502/241.16 mi-3
£2,42502/251.16 mi-3
£2,55002/251.16 mi-3

Local Area Statistics

Population in UB6

50,948

Nearest school

0.60 miles away

Nearest train station

0.18 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-8%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Price changed to £475,000

February 20, 2025

Price changed to £499,950

January 27, 2025

Listed for £510,000

December 14, 2024

Floor Plans

Description

Peter Gamble & Co. offer this 3 BEDROOM END OF TERRACE HOUSE. Situated on this prime residential street in Perivale's ever popular Medway Village. Offered to the open market for the first time since it was constructed, this property offers a blank canvas for it new owners. In need of complete refurbishment throughout the property is one one of the larger type end of terraces in the Medway Village and features a long rear garden allowing plenty of space for future extension. Quiet residential street close to well regarded shops, schools and transport links. Chain free sale. VIEWING HIGHLY RECOMMENDED.

Agent Details

Peter Gamble & Co, Perivale

020 3856 8081

Next Steps?

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