3 Bed Flat, Single Let, Northolt, UB5 6UB, £345,000

Union Road, Northolt, UB5 6UB - 2 months ago

Leasehold

BTL

ROI: 5%

~93 m²

+5 photos

ValuationUndervalued

Sold Prices	£280K - £608K
Sold Prices/m²	£3.2K/m² - £9.1K/m²

Square Metres	~93 m²
Price/m²	£3.7K/m²
Value Estimate	£375,540£375,540
BMV	7%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£86,250£86,250
Stamp Duty & Legal Fees	£16,700£16,700
Total Cash In	£102,950£102,950

Cash Out
Rent Range	£1,950 - £3,000£1,950 - £3,000
Rent Estimate	£1,950
Running Costs/mo	£1,488£1,488
Cashflow/mo	£462£462
Cashflow/yr	£5,543£5,543
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

28 sold prices from £280K to £608K, average is £360K. £3.2K/m² to £9.1K/m², average is £4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£375.5K	06/23	0.06 mi	130, Farrier Road, Northolt, Greater London UB5 6TY	£3,953	95	3	Flat
£360K	09/21	0.08 mi	45, Stable Close, Northolt, Greater London UB5 6TW	£4,932	73	3	Flat
£345K	06/21	0.72 mi	2, Legion Road, Greenford, Greater London UB6 8XG	£3,876	89	3	Flat
£375K	06/21	0.72 mi	29, Legion Road, Greenford, Greater London UB6 8XG	£4,252	88	3	Flat
£365K	04/21	0.76 mi	3, Community Road, Greenford, Greater London UB6 8XF	£4,101	89	3	Flat
£367K	06/21	0.87 mi	473, Greenford Road, Greenford, Greater London UB6 8RQ	£5,319	69	3	Flat
£360K	09/22	0.91 mi	508, Greenford Road, Greenford, Greater London UB6 8SH	£3,552	101	3	Flat
£410K	10/22	0.98 mi	15, Blenheim Close, Greenford, Greater London UB6 8ET	-	-	3	Flat
£325K	10/21	0.98 mi	1, Wessex Lane, Greenford, Greater London UB6 8XB	£3,611	90	3	Flat
£330K	06/21	1.01 mi	4, Whiteoaks Lane, Greenford, Greater London UB6 8XE	£3,284	101	3	Flat
£285K	02/21	1.04 mi	193, Radcliffe Way, Northolt, Greater London UB5 6HL	£3,654	78	3	Flat
£290K	06/21	1.08 mi	12, Attewood Road, Northolt, Greater London UB5 5SJ	£3,187	91	3	Flat
£300K	11/21	1.09 mi	23, Stroud Field, Northolt, Greater London UB5 5SL	£3,448	87	3	Flat
£338K	04/21	1.15 mi	11a, Newbury Way, Northolt, Greater London UB5 4JD	£4,829	70	3	Flat
£465K	01/23	1.18 mi	14, Merlin Close, Northolt, Greater London UB5 6JG	£4,429	105	3	Flat
£280K	10/21	1.24 mi	49, Wallis Road, Southall, Greater London UB1 3LB	£3,294	85	3	Flat
£386K	09/22	1.26 mi	26a, Queens Avenue, Greenford, Greater London UB6 9BX	£7,720	50	3	Flat
£300K	05/24	1.26 mi	61, Wallis Road, Southall, Greater London UB1 3LB	£3,529	85	3	Flat
£335K	03/21	1.28 mi	226, The Heights, Northolt, Greater London UB5 4BX	£3,851	87	3	Flat
£318K	11/21	1.33 mi	26a, Dunedin Way, Hayes, Greater London UB4 9LQ	£3,975	80	3	Flat
£608K	11/22	1.43 mi	180, Conway Crescent, Perivale, Greenford, Greater London UB6 8JF	£9,050	67	3	Flat
£489.9K	11/21	1.58 mi	45, Wadham Gardens, Greenford, Greater London UB6 0BP	-	-	3	Flat
£385K	01/21	1.61 mi	320, Greenford Avenue, London, Greater London W7 3AD	-	-	3	Flat
£332.5K	10/23	1.64 mi	Flat 70, Elgin House, Townson Avenue, Northolt, Greater London UB5 6PR	-	-	3	Flat
£360K	06/23	1.65 mi	38, Studland Road, London, Greater London W7 3QX	£5,806	62	3	Flat
£536K	05/21	1.78 mi	85, Sherwood Avenue, Greenford, Greater London UB6 0PQ	£6,091	88	3	Flat
£495K	12/20	1.81 mi	31, Deane Avenue, Ruislip, Greater London HA4 6SP	£6,689	74	3	Flat
£300K	09/23	1.99 mi	59, Parkfield Road, Harrow, Greater London HA2 8LA	£6,250	48	3	Flat

Local Rents

14 rents from £1.9K/mo to £3K/mo, average is £2.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,500	03/25	0.05 mi	-	3	Terraced House
£2,100	10/24	0.06 mi	-	3	Flat
£1,950	12/24	0.18 mi	-	3	Terraced House
£1,950	02/25	0.18 mi	-	3	Terraced House
£2,750	11/24	0.23 mi	-	3	Semi-Detached House
£2,500	02/25	0.35 mi	-	3	Flat
£1,950	01/25	0.4 mi	-	3	Flat
£2,100	10/24	0.47 mi	-	3	Terraced House
£2,400	10/24	0.47 mi	-	3	Flat
£3,000	10/24	0.49 mi	Fort Road, Northolt, Middlesex, UB5	3	Detached House
£2,350	11/24	0.54 mi	-	3	Terraced House
£2,000	10/24	0.57 mi	-	3	Flat
£2,400	11/24	0.6 mi	-	3	Semi-Detached House
£1,950	10/24	0.62 mi	-	3	Flat

Local Area Statistics

Population in UB5	45,15845,158
Population in Northolt	45,21745,217
Town centre distance	0.61 miles away0.61 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.84 miles away0.84 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+17%+17%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+19%+19%

Property History

Price changed to £345,000

February 12, 2025

Listed for £350,000

January 10, 2025

Floor Plans

Description

THREE BEDROOMS +
SPLIT LEVEL FLAT +
SECOND AND THIRD FLOOR +
NEW LEASE OF 176 YEARS UPON COMPLETION +
GAS CENTRAL HEATING +
DOUBLE GLAZED WINDOWS +
JULIET BALCONY +
NO UPPER CHAIN +

Bennett Holmes are pleased to offer this three bedroom, split level flat situated in a residential location in Northolt. The property is on the second and third floor (top floor). The property is located off Kensington Road and is within easy reach of local shops, bus links, the A40 and Northala fields. Northolt's Central Line station is within 0.9 miles. Other benefits include a new lease of 176 years upon completion, a Juliet balcony, double glazed windows, gas central heating and no upper chain.

Agent Details

Bennett Holmes, Northolt

020 3835 2107

Next Steps?

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

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