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

3 Spencer Road, Harrow Weald, HA3 7AR - 3 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£260K - £605K
Sold Prices/m²£3.5K/m² - £7.6K/m²

 

 

Square Metres

~93 m²
Price/m²£5.9K/m²

Value Estimate

£483,980

 

 

End Value (After Refurb)

£530,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£46,200

Refurb Costs

£49,200

Bridging Loan Interest

£14,438

Total Cash In

£249,088

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£530,000

Mortgage (After Refinance)

£397,500

Mortgage LTV

75%

Cash Left In

£249,088

Equity

£132,500

Rent Range

£1,700 - £3,000

Rent Estimate

£2,305

Running Costs/mo

£2,137

Cashflow/mo

£168

Cashflow/yr

£2,013

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £260K to £605K, average is £495K. £3.5K/m² to £7.6K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£530K07/210 mi92, Spencer Road, Harrow, Greater London HA3 7AR3
£425K10/200.06 mi50, The Broadway, Wealdstone, Harrow, Greater London HA3 7EH3
£475K11/230.07 mi25a, Spencer Road, Harrow, Greater London HA3 7AN3
£605K06/210.1 mi41, Spencer Road, Harrow, Greater London HA3 7AN3
£560K07/230.12 mi57, Risingholme Road, Harrow, Greater London HA3 7EP3
£465K02/210.12 mi49, Risingholme Road, Harrow, Greater London HA3 7EP3
£505K02/210.12 mi61, Risingholme Road, Harrow, Greater London HA3 7EP3
£260K03/230.13 mi28, Montrose Road, Harrow, Greater London HA3 7DU3
£457K11/200.13 mi3, Harkett Close, Harrow, Greater London HA3 7EY3
£470K05/230.14 mi20, Risingholme Road, Harrow, Greater London HA3 7ER3
£487K11/220.14 mi34, Risingholme Road, Harrow, Greater London HA3 7ER3
£535K12/220.14 mi16, The Greenway, Wealdstone, Harrow, Greater London HA3 7EL3
£500K04/210.17 mi50, Lorne Road, Harrow, Greater London HA3 7NJ3
£493.5K12/200.17 mi86, Warham Road, Harrow, Greater London HA3 7HZ3
£432.5K12/200.18 mi210, High Road, Harrow, Greater London HA3 7BA3
£500K03/230.18 mi277, Byron Road, Wealdstone, Harrow, Greater London HA3 7TE3
£508K01/210.18 mi283, Byron Road, Wealdstone, Harrow, Greater London HA3 7TE3
£430K04/210.18 mi33, Locket Road, Wealdstone, Harrow, Greater London HA3 7ND3
£313K05/210.21 mi35a, Locket Road, Harrow, Greater London HA3 7NQ3
£472K04/210.21 mi11, Church Lane, Harrow, Greater London HA3 7EB3
£510K06/210.23 mi61, Bishop Ken Road, Harrow, Greater London HA3 7HU3
£495K06/210.25 mi39, Wolseley Road, Harrow, Greater London HA3 5RU3
£495K06/210.25 mi39, Wolseley Road, Harrow, Greater London HA3 5RU3
£465K08/210.25 mi38, Graham Road, Wealdstone, Harrow, Greater London HA3 5RF3
£570K02/210.26 mi15, Park Rise, Harrow, Greater London HA3 6EP3
£526K04/210.26 mi41, Park Crescent, Harrow, Greater London HA3 6ER3
£517.5K06/210.27 mi11, Lorne Road, Harrow, Greater London HA3 7NH3
£585K03/230.27 mi26, Adderley Road, Harrow, Greater London HA3 7HT3
£490K12/200.28 mi22, Hibbert Road, Wealdstone, Harrow, Greater London HA3 7JS3
£490K12/200.28 mi22, Hibbert Road, Wealdstone, Harrow, Greater London HA3 7JS3
£545K06/210.28 mi48, Hibbert Road, Wealdstone, Harrow, Greater London HA3 7JS3
£472.5K09/230.29 mi136, Byron Road, Wealdstone, Harrow, Greater London HA3 7TG3
£525K04/230.29 mi35, Adderley Road, Harrow, Greater London HA3 7HS3
£458K03/210.29 mi45, Wellington Road, Harrow, Greater London HA3 5SD3
£535K06/210.3 mi15, Farmstead Road, Harrow, Greater London HA3 5HQ3
£485K04/210.3 mi75, Bishop Ken Road, Harrow, Greater London HA3 7HP3
£490K06/210.31 mi1, Barchester Road, Harrow, Greater London HA3 5HH3
£525K12/200.31 mi31, Barchester Road, Harrow, Greater London HA3 5HH3
£585K08/230.31 mi7, Warham Road, Harrow, Greater London HA3 7JE3
£550K12/220.31 mi9, Warham Road, Harrow, Greater London HA3 7JE3
£567.5K11/220.32 mi140, Locket Road, Wealdstone, Harrow, Greater London HA3 7NR3
£490K04/210.32 mi45, College Avenue, Harrow, Greater London HA3 6EZ3
£417K06/210.32 mi70, Graham Road, Harrow, Greater London HA3 5RG3
£427.5K02/210.32 mi51, Toorack Road, Harrow, Greater London HA3 5HR3
£556K01/210.33 mi34, College Hill Road, Harrow, Greater London HA3 7HE3
£505K07/210.34 mi33, Fisher Road, Harrow, Greater London HA3 7JX3
£522.5K04/230.34 mi39, Fisher Road, Harrow, Greater London HA3 7JX3
£540K01/230.35 mi56, The Avenue, Harrow, Greater London HA3 7DD3
£468K09/210.35 mi77, Canning Road, Harrow, Greater London HA3 7SP3
£460K04/210.36 mi77, Athelstone Road, Harrow, Greater London HA3 5NY3

Local Rents

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

RentDateDistanceAddressBeds 
£2,25003/240.09 miSpencer Road, Harrow3
£1,85004/240.17 mi-3
£2,25004/250.22 mi-3
£2,00004/240.23 miWhitefriars Avenue, Harrow3
£2,60012/240.24 mi-3
£2,05004/240.28 miLorne Road, Harrow, Greater London, HA33
£3,00004/240.3 miFarmstead Road, Harrow3
£2,45003/250.3 mi-3
£2,30012/240.31 mi-3
£2,75004/240.31 miPark Crescent, HA33
£2,45004/240.35 mi-3
£2,20004/250.38 mi-3
£2,30012/240.41 mi-3
£2,20004/250.41 mi-3
£2,40004/240.42 miWickham Road, Harrow, Middlesex HA33
£2,00002/240.43 miCollege Road, Harrow Weald3
£2,10004/240.47 miSancroft Road Harrow HA33
£2,95004/240.5 miEarl Crescent, HA13
£2,95004/240.5 miHarrow, HA13
£2,30002/250.52 mi-3
£2,40002/250.52 mi-3
£2,50003/250.52 mi-3
£1,90004/250.53 mi-3
£1,70002/240.57 miCollege Hill Road, Harrow3
£2,55004/250.57 mi-3
£2,10001/240.57 miWindsor Road, Harrow3
£2,30012/240.6 mi-3
£2,30004/240.6 miWoodcroft Avenue, Stanmore, HA73
£2,30002/230.61 miHampden Road, Harrow Weald3
£1,80012/240.62 mi-3
£2,00004/250.62 mi-3

Local Area Statistics

Population in HA3

70,809

Population in Harrow

164,559

Town centre distance

0.94 miles away

Nearest school

0.30 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Buyer's market

Capital growth (5yrs)

+12%

Property History

Listed for £550,000

January 27, 2025

Description

  • Three bedroom semi detached house +
  • Garage to the side +
  • Potential for extension (STPP) +
  • In need of modernisation +
  • Spacious rooms +
  • High Ceilings +
  • Close to Harrow and Wealdstone Station +
  • Chain Free +

A LARGER STYLE THREE BEDROOM SEMI DETACHED HOUSE WITH GARAGE AND OWN DRIVEWAY well positioned for shopping and transport facilities in both Harrow Weald and Wealdstone. The property is offered for sale in need of some updating but has been lovingly maintained over the years by the current owners. Features to the property include gas fired central heating, spacious rooms with higher than average ceilings and the aforementioned own driveway. The property is being offered with the added advantage of No Upper Chain, and as such, an internal inspection is highly advised. 

The property comprises; a spacious reception room with bay fronted windows, a second reception room leading out to the 'lean to' overlooking the well maintained south facing garden, a separate fitted kitchen with space to dine, a separate utility area with guest W.C and access to the garage. 

On first floor there is a good sized master bedroom with fitted wardrobes, a second double bedroom also with fitted wardrobes, a third large single bedroom and a family bathroom with separate W.C. 

Sacred Heart Language College - Ofsted ' Outstanding'
Salvartorian Roman Catholic College - Ofsted 'Good'
Whitefriars School - Ofsted 'Good'
Belmont School - Ofsted 'Good'
Marlborough Primary School - Ofsted 'Good'
Weald Rise Primary School - Ofsted 'Good'
Alpha Prep - Independent School
St Jerome Church of England - Ofsted 'Good'
Kingsley High School - Ofsted 'Ouststanding'
Cedars Manor - Ofsted 'Good'

*Please note Ofsted ratings are subject to change* 

Harrow and Wealdstone Station - Overground and fast trains to Euston from 13 minutes and Bakerloo line

258 Bus Route - South Harrow/Watford
140 Bus Route - Harrow Weald/Hayes
182 Bus Route - Brent Cross/Harrow Weald
340 Bus Route - Edgware/Harrow

Agent Details

Hinton Residential, Harrow Weald

020 3835 3424

Next Steps?

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