2 Bed Flat, Single Let, Harrow, HA3 0QJ, £330,000

Preston Road, Preston Court, Harrow, HA3 0QJ - 2 months ago

Leasehold

BTL

ROI: 4%

~68 m²

+1 photos

ValuationFair Value

Sold Prices	£265K - £685K
Sold Prices/m²	£4K/m² - £7K/m²

Square Metres	~68.11 m²
Price/m²	£4.8K/m²
Value Estimate	£330,894£330,894

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£82,500£82,500
Stamp Duty & Legal Fees	£24,200£24,200
Total Cash In	£106,700£106,700

Cash Out
Rent Range	£1,650 - £2,400£1,650 - £2,400
Rent Estimate	£1,750
Running Costs/mo	£1,401£1,401
Cashflow/mo	£349£349
Cashflow/yr	£4,185£4,185
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

39 sold prices from £265K to £685K, average is £330K. £4K/m² to £7K/m², average is £4.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£370K	06/21	0.26 mi	35, Magnolia Court, Harrow, Greater London HA3 9UB	-	-	2	Flat
£355K	11/20	0.27 mi	18, Magnolia Court, Harrow, Greater London HA3 9UB	£5,462	65	2	Flat
£372K	11/20	0.29 mi	151a, Preston Hill, Harrow, Greater London HA3 9XA	£7,019	53	2	Flat
£360K	06/21	0.43 mi	24a, Thirlmere Gardens, Wembley, Greater London HA9 8RE	-	-	2	Flat
£369.5K	02/21	0.51 mi	51, Robin Grove, Harrow, Greater London HA3 9TP	£5,598	66	2	Flat
£308K	10/20	0.52 mi	72a, The Avenue, Wembley, Greater London HA9 9QL	£4,667	66	2	Flat
£380K	12/20	0.52 mi	92a, The Avenue, Wembley, Greater London HA9 9QL	£5,588	68	2	Flat
£374K	06/21	0.54 mi	42b, Shakespeare Drive, Harrow, Greater London HA3 9TR	£5,582	67	2	Flat
£480K	05/21	0.57 mi	45, Carlton Avenue East, Wembley, Greater London HA9 8LZ	-	-	2	Flat
£320K	04/23	0.64 mi	172, Chamberlayne Avenue, Wembley, Greater London HA9 8ST	£4,706	68	2	Flat
£315K	02/21	0.64 mi	173, Chamberlayne Avenue, Wembley, Greater London HA9 8ST	£4,038	78	2	Flat
£375K	06/21	0.66 mi	36, Lawns Court, Wembley, Greater London HA9 9PN	£4,688	80	2	Flat
£340K	10/21	0.67 mi	10, Chamberlayne Avenue, Wembley, Greater London HA9 8SR	£5,484	62	2	Flat
£340K	12/20	0.68 mi	43, Woodcock Hill, Wembley, Greater London HA3 0JH	£6,939	49	2	Flat
£330K	07/23	0.69 mi	25, Eskdale Close, Wembley, Greater London HA9 8XB	£4,661	71	2	Flat
£685K	08/21	0.69 mi	130, Elmstead Avenue, Wembley, Greater London HA9 8NZ	£4,858	141	2	Flat
£305K	09/21	0.71 mi	17, Lulworth Avenue, Wembley, Greater London HA9 8TP	£4,766	64	2	Flat
£299.9K	12/22	0.72 mi	30, Pempath Place, Wembley, Greater London HA9 8QW	-	-	2	Flat
£335K	09/23	0.79 mi	Flat 10, Century House, Forty Avenue, Wembley, Greater London HA9 8RS	-	-	2	Flat
£350K	09/22	0.79 mi	Flat 4, Century House, Forty Avenue, Wembley, Greater London HA9 8RS	-	-	2	Flat
£320K	01/21	0.79 mi	456, Kenton Road, Harrow, Greater London HA3 9DN	-	-	2	Flat
£275K	04/21	0.8 mi	681, Kenton Road, Harrow, Greater London HA3 9RY	£4,661	59	2	Flat
£280K	09/22	0.84 mi	33, Woodgrange Avenue, Harrow, Greater London HA3 0XG	£5,714	49	2	Flat
£320K	01/24	0.85 mi	Flat 49, Cresswell House, Hirst Crescent, Wembley, Greater London HA9 7HJ	-	-	2	Flat
£319K	04/21	0.86 mi	Flat 58, Loxley House, Hirst Crescent, Wembley, Greater London HA9 7HL	-	-	2	Flat
£315K	11/20	0.86 mi	Flat 44, Loxley House, Hirst Crescent, Wembley, Greater London HA9 7HL	-	-	2	Flat
£502.4K	11/20	0.86 mi	26, Sedgecombe Avenue, Harrow, Greater London HA3 0HL	-	-	2	Flat
£280K	09/23	0.87 mi	Flat 14, Pegasus Court, Kenton Road, Harrow, Greater London HA3 0XT	-	-	2	Flat
£265K	10/23	0.87 mi	Flat 6, Pegasus Court, Kenton Road, Harrow, Greater London HA3 0XT	-	-	2	Flat
£327.8K	09/23	0.88 mi	Flat 58, Kirk House, Hirst Crescent, Wembley, Greater London HA9 7HF	-	-	2	Flat
£280K	03/21	0.89 mi	24d, St Pauls Avenue, Harrow, Greater London HA3 9PS	£4,308	65	2	Flat
£310K	06/23	0.91 mi	Flat 16, Bell House, Hirst Crescent, Wembley, Greater London HA9 7HE	-	-	2	Flat
£312K	11/23	0.91 mi	Flat 40, Bell House, Hirst Crescent, Wembley, Greater London HA9 7HE	-	-	2	Flat
£330K	02/24	0.91 mi	Bell House, Flat 44, Hirst Crescent, Wembley, Greater London HA9 7HE	£4,648	71	2	Flat
£335K	03/21	0.91 mi	Flat 12, Bell House, Hirst Crescent, Wembley, Greater London HA9 7HE	-	-	2	Flat
£360K	01/23	0.94 mi	464, Kings Drive, Wembley, Greater London HA9 9JB	£5,896	61	2	Flat
£357.5K	03/21	0.96 mi	35, Elliott Close, Wembley, Greater London HA9 8JH	£5,586	64	2	Flat
£335K	03/23	0.97 mi	598, Kings Drive, Wembley, Greater London HA9 9JD	£4,156	81	2	Flat
£311K	06/21	0.97 mi	536, Kings Drive, Wembley, Greater London HA9 9JD	-	-	2	Flat

Local Rents

17 rents from £1.6K/mo to £2.4K/mo, average is £2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,000	03/25	0.03 mi	-	2	Flat
£1,700	04/24	0.14 mi	-	2	Flat
£1,750	04/25	0.14 mi	-	2	Flat
£1,700	04/24	0.17 mi	302-308 Preston Road, Harrow, Middlesex, HA3 0QP	2	Flat
£2,100	02/25	0.27 mi	-	2	Semi-Detached House
£1,650	02/24	0.28 mi	-	2	Flat
£1,650	02/24	0.28 mi	-	2	Flat
£2,250	03/25	0.29 mi	-	2	Flat
£2,150	12/24	0.51 mi	-	2	Flat
£2,100	02/25	0.52 mi	-	2	Flat
£2,100	03/25	0.52 mi	-	2	Flat
£2,250	04/24	0.52 mi	-	2	Flat
£2,150	12/24	0.52 mi	-	2	Flat
£1,850	12/24	0.55 mi	-	2	Flat
£1,850	02/25	0.59 mi	-	2	Flat
£1,850	03/25	0.6 mi	-	2	Flat
£2,400	02/25	0.62 mi	-	2	Flat

Local Area Statistics

Population in HA3	70,80970,809
Population in Harrow	164,559164,559
Town centre distance	1.80 miles away1.80 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.25 miles away0.25 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+11%+11%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+12%+12%

Property History

Listed for £330,000

January 27, 2025

Floor Plans

Description

First Floor Flat convenient for Met Line Station +
The Flat is currently let at £1750pcm +
Central Heating & Double Glazing +
Reception with Modern Open Plan Kitchen +
Two Bedrooms +
Tiled Bathroom / WC +
Garage +
Long Lease +

We are pleased to offer for sale this First Floor Flat, situated in a very convenient location, within a short walk of Preston Road's Met Line Station and shops. The property is currently let on an Assured Shorthold Tenancy Agreement at a rental of £1750pcm though we are informed the property can be sold with vacant possession. Central Heating, Double Glazing, Modern Open Plan Kitchen, Reception, Two Bedrooms, Tiled Bathroom, Long Lease. Garage. EER C.

Agent Details

Christopher Rawlinson & Co Ltd, Harrow

020 8106 6882

Next Steps?

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

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