3 Bed Semi-Detached House, Refurb/BRRR, Harrow, HA2 7BS, £600,000

Elm Drive, Harrow, HA2 7BS - 1 views - 3 months ago

Refurb/BRRR
ROI: 1%
~93 m²
+5 photos

ValuationOvervalued

Sold Prices£282K - £810K
Sold Prices/m²£3.2K/m² - £7.3K/m²

 

 

Square Metres

~93 m²
Price/m²£6.5K/m²

Value Estimate

£520,625

 

 

End Value (After Refurb)

£570,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£150,000

Stamp Duty & Legal Fees

£36,700

Refurb Costs

£49,200

Bridging Loan Interest

£15,750

Total Cash In

£253,400

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£570,000

Mortgage (After Refinance)

£427,500

Mortgage LTV

75%

Cash Left In

£253,400

Equity

£142,500

Rent Range

£2,100 - £5,250

Rent Estimate

£2,430

Running Costs/mo

£2,287

Cashflow/mo

£143

Cashflow/yr

£1,713

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £282K to £810K, average is £635K. £3.2K/m² to £7.3K/m², average is £5.8K/m².

PriceDateDistanceAddressBeds 
£645K12/200 mi8, Elm Drive, Harrow, Greater London HA2 7BS3
£640K12/200.01 mi18, Elm Drive, Harrow, Greater London HA2 7BS3
£646K03/210.01 mi19, Elm Drive, Harrow, Greater London HA2 7BS3
£610K03/210.09 mi22, Blenheim Road, Harrow, Greater London HA2 7AH3
£715K01/230.09 mi5, Elm Close, Harrow, Greater London HA2 7BT3
£667.5K03/210.09 mi13, Blenheim Road, Harrow, Greater London HA2 7AQ3
£660K09/230.11 mi19, Argyle Road, Harrow, Greater London HA2 7AL3
£650K10/220.12 mi77, Argyle Road, Harrow, Greater London HA2 7AL3
£775K11/220.12 mi11, Parkthorne Close, Harrow, Greater London HA2 7BX3
£653K09/230.15 mi5, Church Drive, Harrow, Greater London HA2 7NP3
£630K01/210.15 mi138, The Ridgeway, North Harrow, Harrow, Greater London HA2 7DD3
£608K05/210.17 mi147, Elm Drive, Harrow, Greater London HA2 7BZ3
£640K06/210.17 mi122, Elm Drive, Harrow, Greater London HA2 7BZ3
£539K11/230.18 mi9, Alfriston Avenue, Harrow, Greater London HA2 7DY3
£625K03/210.19 mi6, Chester Drive, Harrow, Greater London HA2 7PU3
£620K04/230.21 mi411, Pinner Road, Harrow, Greater London HA1 4HN3
£485K01/210.21 mi11, Grosvenor Avenue, Harrow, Greater London HA2 7AR3
£505K06/210.22 mi88, Blenheim Road, Harrow, Greater London HA2 7AF3
£550K01/210.24 mi10, North Avenue, Harrow, Greater London HA2 7AE3
£282K06/210.25 mi14, Sandhurst Avenue, Harrow, Greater London HA2 7AP3
£635K01/210.26 mi16, Romney Drive, Harrow, Greater London HA2 7EG3
£615K06/210.27 mi27, Hawthorn Drive, Harrow, Greater London HA2 7NU3
£538K01/210.27 mi5, Cambridge Road, Harrow, Greater London HA2 7LA3
£680K04/210.27 mi65, Church Drive, Harrow, Greater London HA2 7NR3
£810K02/210.28 mi7, Suffolk Road, Harrow, Greater London HA2 7QH3
£720K02/230.28 mi11, Suffolk Road, Harrow, Greater London HA2 7QH3
£685K10/210.28 mi27, Suffolk Road, Harrow, Greater London HA2 7QH3
£715K08/230.28 mi48, The Drive, Harrow, Greater London HA2 7EJ3
£570K12/200.29 mi26, Cambridge Road, Harrow, Greater London HA2 7LD3
£607.5K09/210.29 mi73, Northumberland Road, Harrow, Greater London HA2 7RA3
£570K03/230.3 mi31, Gloucester Road, Harrow, Greater London HA1 4PP3
£675K11/210.31 mi49, Norwood Drive, Harrow, Greater London HA2 7PF3
£617.5K06/210.31 mi37, Westmorland Road, Harrow, Greater London HA1 4PL3
£621K12/220.31 mi12, Durham Road, Harrow, Greater London HA1 4PG3
£700K06/230.31 mi24, Norwood Drive, Harrow, Greater London HA2 7PE3
£620K12/210.32 mi132, Imperial Drive, Harrow, Greater London HA2 7HT3
£617.5K10/200.32 mi29, Vicarage Way, Harrow, Greater London HA2 7HZ3
£775.1K09/210.33 mi26, Farm Avenue, Harrow, Greater London HA2 7LR3
£660K07/230.35 mi72, Northumberland Road, Harrow, Greater London HA2 7RE3
£635K02/210.35 mi23, Vicarage Way, Harrow, Greater London HA2 7JB3
£760K02/230.36 mi94, Chester Drive, Harrow, Greater London HA2 7PY3
£635K04/230.36 mi72, Chester Drive, Harrow, Greater London HA2 7PY3
£550K04/220.38 mi28, Farm Avenue, Harrow, Greater London HA2 7LR3
£638K03/210.38 mi53, Suffolk Road, Harrow, Greater London HA2 7QF3
£638K04/230.39 mi29, Suffolk Road, Harrow, Greater London HA2 7QF3
£550K12/200.39 mi83, Northumberland Road, Harrow, Greater London HA2 7RA3
£745K07/230.39 mi1, The Drive, Harrow, Greater London HA2 7EL3
£660K12/220.39 mi25, Lankers Drive, Harrow, Greater London HA2 7PA3
£550K03/230.4 mi46, Canterbury Road, Harrow, Greater London HA1 4PE3
£499K01/210.41 mi31, Cornwall Road, Harrow, Greater London HA1 4ND3

Local Rents

24 rents from £2.1K/mo to £5.3K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,50004/240.04 miParkthorne Drive, North Harrow3
£2,50004/240.1 miParkthorne Close, Harrow, HA23
£2,30012/240.15 miArgyle Road, North Harrow3
£2,20004/240.15 miImperial Drive, Harrow3
£2,39504/240.15 miThe Ridgeway, North Harrow3
£2,30001/250.16 mi-3
£2,50004/240.18 mi-3
£2,35004/240.35 miFernbrook Drive, North Harrow3
£2,25001/250.37 mi-3
£2,40004/240.38 miChester Drive, Harrow, HA23
£5,25003/250.38 mi-3
£3,30002/240.38 miSuffolk Road, Harrow3
£2,50004/240.4 mi-3
£2,50004/240.4 mi-3
£2,40004/240.5 miButler Road, West Harrow, Harrow, HA13
£2,40012/240.5 mi-3
£2,40003/250.52 mi-3
£2,19502/250.56 mi-3
£2,80002/250.56 mi-3
£2,30003/250.58 mi-3
£2,40003/250.58 mi-3
£2,10012/240.58 mi-3
£2,10004/240.58 miVaughan Road, Harrow, HA13
£2,50004/240.59 miManor Way, Harrow3

Local Area Statistics

Population in HA2

55,273

Population in Harrow

164,559

Town centre distance

1.28 miles away

Nearest school

0.30 miles away

Nearest train station

0.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Buyer's market

Capital growth (5yrs)

+25%

Property History

Listed for £600,000

December 26, 2024

Floor Plans

Description

  • ** SEMI DETACHED HOUSE +

  • ** THREE BEDROOMS +

  • ** TWO SPACIOUS RECEPTION ROOMS +

  • ** KITCHEN +

  • ** BATHROOM +

  • ** OFF STREET PARKING +

  • ** LARGE REAR GARDEN +

  • VIEWINGS ARE HIGHLY RECOMMENDED +

SUMMARY
SEMI DETACHED HOUSE THREE BEDROOMS TWO RECEPTION ROOMS KITCHEN BATHROOM GARAGE TO THE SIDE DRIVEWAY WITH PARKING FOR TWO CARS FRONT AND REAR GARDENS VIEWINGS ARE HIGHLY RECOMMENDED

DESCRIPTION
Connells are pleased to offer to the market this spacious three bedroom semi-detached house in Elm Drive.
The property briefly comprises of two spacious reception rooms, kitchen and bathroom.
The house is available for sale chain free. It has most of its original features, and now requires full modernisation to unlock its full potential. Additional benefits include a garage plus off street parking and a large private south-facing garden.
Situated in a pleasant residential road in North Harrow, the house is just 350 yards from the Metropolitan Line station with excellent commuter links to the City and out to Watford. It is also conveniently located for Vaughan First and Middle Schools and Nower Hill High School.
Viewings are highly recommended.

Entrance Hall 

Living Room 15' 1" INTO BAY x 13' 1" ( 4.60m INTO BAY x 3.99m )

Dining Room 10' 2" x 10' 2" ( 3.10m x 3.10m )

Kitchen 9' 10" x 9' 2" MAX ( 3.00m x 2.79m MAX )

Landing 

Bedroom One 13' 9" INTO BAY x 11' 6" MAX ( 4.19m INTO BAY x 3.51m MAX )

Bedroom Two 13' 5" x 11' 6" MAX ( 4.09m x 3.51m MAX )

Bedroom Three 9' 2" x 8' 2" ( 2.79m x 2.49m )

Bathroom 

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?

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