3 Bed Semi-Detached House, Refurb/BRRR, Harrow, HA3 9SE, £655,000

Ormesby Way, Harrow, HA3 9SE - 3 views - 3 months ago

Refurb/BRRR
~93 m²
+18 photos

ValuationOvervalued

Sold Prices£375K - £750K
Sold Prices/m²£4.9K/m² - £9.4K/m²

 

 

Square Metres

~93 m²
Price/m²£7K/m²

Value Estimate

£555,265

 

 

End Value (After Refurb)

£600,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£163,750

Stamp Duty & Legal Fees

£42,700

Refurb Costs

£49,200

Bridging Loan Interest

£17,194

Total Cash In

£274,594

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£600,000

Mortgage (After Refinance)

£450,000

Mortgage LTV

75%

Cash Left In

£274,594

Equity

£150,000

Rent Range

£1,700 - £2,600

Rent Estimate

£2,345

Running Costs/mo

£2,364

Cashflow/mo

£-19

Cashflow/yr

£-228

Gross Yield

4%

Local Sold Prices

50 sold prices from £375K to £750K, average is £575K. £4.9K/m² to £9.4K/m², average is £6.3K/m².

PriceDateDistanceAddressBeds 
£665K09/230.05 mi22, Ormesby Way, Harrow, Greater London HA3 9SF3
£640K03/230.06 mi84, Preston Hill, Harrow, Greater London HA3 9SG3
£561.3K03/210.09 mi62, Chapman Crescent, Harrow, Greater London HA3 0TE3
£550K04/210.09 mi1, Melcombe Gardens, Harrow, Greater London HA3 9RH3
£610K02/230.1 mi53, Preston Hill, Harrow, Greater London HA3 9SB3
£575K12/220.1 mi45, Preston Hill, Harrow, Greater London HA3 9SB3
£510K12/200.12 mi23, Preston Hill, Harrow, Greater London HA3 9SB3
£660K01/240.16 mi575, Kenton Road, Harrow, Greater London HA3 9RS3
£618K05/230.17 mi9, The Garth, Harrow, Greater London HA3 9TQ3
£600K03/210.17 mi3, Bush Hill Road, Harrow, Greater London HA3 9RG3
£670K09/230.21 mi8, Imperial Way, Harrow, Greater London HA3 9SW3
£590K10/230.27 mi28, Tylers Gate, Harrow, Greater London HA3 9XH3
£550K02/240.27 mi21, Greenway, Kenton, Harrow, Greater London HA3 0TU3
£500K06/210.28 mi48, Newnham Way, Harrow, Greater London HA3 9NT3
£463K02/210.28 mi2, Vane Close, Harrow, Greater London HA3 9XD3
£495K04/230.28 mi4, Vane Close, Harrow, Greater London HA3 9XD3
£581K06/210.28 mi25, Clifton Road, Harrow, Greater London HA3 9NX3
£490K10/200.3 mi32, Orchard Grove, Harrow, Greater London HA3 9QS3
£588K04/230.3 mi49, Orchard Grove, Kenton, Harrow, Greater London HA3 9QR3
£530K04/210.3 mi209, The Mall, Harrow, Greater London HA3 9TL3
£505K11/200.31 mi1, Emerson Gardens, Harrow, Greater London HA3 9TY3
£485K06/210.31 mi44, Ruskin Gardens, Harrow, Greater London HA3 9QE3
£580K02/230.31 mi81, St Pauls Avenue, Harrow, Greater London HA3 9PR3
£663.8K11/210.32 mi137, Regal Way, Harrow, Greater London HA3 0SG3
£575K12/200.32 mi84, Regal Way, Harrow, Greater London HA3 0RY3
£620K10/230.32 mi56, Regal Way, Harrow, Greater London HA3 0RY3
£750K08/230.35 mi8, Regent Close, Harrow, Greater London HA3 0SF3
£375K09/230.37 mi9, Shrewsbury Avenue, Harrow, Greater London HA3 9LX3
£655K06/210.39 mi1, Hampton Rise, Harrow, Greater London HA3 0SB3
£577K11/200.39 mi19, Brookfield Crescent, Harrow, Greater London HA3 0UT3
£535K12/200.39 mi12, Brookfield Crescent, Harrow, Greater London HA3 0UT3
£599K08/230.39 mi18, Brookfield Crescent, Harrow, Greater London HA3 0UT3
£520K11/200.39 mi8, Morland Road, Harrow, Greater London HA3 9LU3
£600K09/210.39 mi11, Morland Road, Harrow, Greater London HA3 9LU3
£500K02/210.39 mi3, Repton Road, Harrow, Greater London HA3 9QD3
£747K03/210.41 mi125, Vista Way, Harrow, Greater London HA3 0SJ3
£640K10/220.42 mi106, Shrewsbury Avenue, Harrow, Greater London HA3 9NF3
£545K10/200.43 mi19, Berkeley Road, London, Greater London NW9 9DJ3
£560K06/210.44 mi17, Camplin Road, Harrow, Greater London HA3 9LT3
£610K05/210.45 mi14, Camplin Road, Harrow, Greater London HA3 9LT3
£620K05/210.45 mi99, Crundale Avenue, London, Greater London NW9 9PS3
£490K03/240.46 mi96, Honeypot Lane, London, Greater London NW9 9QX3
£640K05/230.46 mi118, Honeypot Lane, London, Greater London NW9 9QX3
£480K11/200.46 mi15, Malvern Gardens, Harrow, Greater London HA3 9PA3
£520K01/210.46 mi75, Ruskin Gardens, Harrow, Greater London HA3 9PY3
£535K01/210.46 mi112, Fryent Way, London, Greater London NW9 9SE3
£600K02/230.47 mi54, Shrewsbury Avenue, Harrow, Greater London HA3 9NF3
£555K01/230.47 mi116, Honeypot Lane, London, Greater London NW9 9QX3
£525K10/200.47 mi22, Berkeley Road, London, Greater London NW9 9DG3
£500K06/210.47 mi48, Berkeley Road, London, Greater London NW9 9DG3

Local Rents

16 rents from £1.7K/mo to £2.6K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,40004/240.09 miMelcombe Gardens, Harrow3
£2,50003/250.17 mi-3
£2,25002/250.29 mi-3
£2,60004/240.32 miOakdale Avenue, HARROW, HA33
£2,60004/240.32 miOakdale Avenue, HARROW, HA33
£1,70002/250.35 mi-3
£2,25004/240.36 miRegal Way, Harrow, HA33
£2,50010/240.45 mi-3
£2,50010/240.45 mi-3
£1,90004/240.51 miSt.pauls Avenue, Kenton , Middlesex, HA3 3
£2,05004/240.56 miWinchester Road, Harrow HA33
£2,30007/240.58 miBrampton Road, London, NW93
£2,30004/240.58 miD'arcy Gardens, Kenton, Harrow, HA33
£2,40002/250.6 mi-3
£2,40008/240.6 miManor Close, Kingsbury, London, NW93
£2,50008/240.6 miManor Close, London, NW93

Local Area Statistics

Population in HA3

70,809

Population in Harrow

164,559

Town centre distance

1.90 miles away

Nearest school

0.20 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Buyer's market

Capital growth (5yrs)

+12%

Property History

Price changed to £655,000

March 28, 2025

Listed for £675,000

January 14, 2025

Floor Plans

Description

  • CHAIN FREE +
  • 3 Bedroom Semi -Detached (Share Drive) Property +
  • Porch +
  • 2 Receptions +
  • Full Bathroom in the First Floor +
  • Kitchen & Dining Area +
  • 3.5 Meter Rear Extension +
  • Driveway For 2 Cars +
  • Needs Modernisation +
  • GF WC Disable Access & Wetroom +

This 3 bedroom semi-detached property, offered chain free, presents a fantastic opportunity for those seeking a home with character and potential. Requiring some modernisation, the house is well-appointed with versatile spaces and key features designed for comfortable living. The ground floor opens with a convenient porch leading into 2 bright and spacious reception rooms. The kitchen and dining area benefit from a 3.5 metre rear extension, creating additional space for modernising into a functional and stylish hub. A ground-floor WC with disabled access and a wet room adds to the home’s practicality. Upstairs, there are 3 bedrooms, two of which feature fitted wardrobes, and a medium-sized boxroom suitable for a nursery or home office. The family bathroom on this level includes a big shower, ensuring convenience for busy mornings. The exterior features a driveway accommodating 2 cars, a rear garage longer than average, and a utility cupboard for added convenience.  This home, complete with a shared driveway and set in a desirable location, is brimming with potential for a buyer to customise and make their own. To see how you can bring this property to life, contact INFINITY today.

Agent Details

Infinity Property Solutions, Harrow

020 3840 3560

Next Steps?

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