2 Bed Flat, Refurb/BRRR, Harrow, HA3 7RT, £225,000

32 Archery Close, Harrow, HA3 7RT - 5 views - 2 months ago

Leasehold
Refurb/BRRR
ROI: 5%
~68 m²
+7 photos

ValuationFair Value

Sold Prices£110K - £650K
Sold Prices/m²£3.1K/m² - £14.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.3K/m²

Value Estimate

£229,500

 

 

End Value (After Refurb)

£391,540

Uplift in Value

+74%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£36,033

Bridging Loan Interest

£5,906

Total Cash In

£107,889

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£391,540

Agent Fees (1%)

£3,915

Bridging Loan

£168,750

Bridging Loan Interest

£5,906

Flip Profit

£110,986

Local Sold Prices

50 sold prices from £110K to £650K, average is £334K. £3.1K/m² to £14.4K/m², average is £5.7K/m².

PriceDateDistanceAddressBeds 
£250K09/210.04 mi19, Archery Close, Harrow, Greater London HA3 7RT2
£292K05/230.04 mi18, Archery Close, Harrow, Greater London HA3 7RT2
£407.5K12/200.19 mi9, Grant Road, Harrow, Greater London HA3 7SB2
£246.5K04/210.2 mi22, Aberdeen Road, Harrow, Greater London HA3 7NF2
£110K01/210.28 miFlat 4, Pinsent House, Greenleaf Way, Harrow, Greater London HA3 7SL2
£262K03/230.34 mi207, Christchurch Avenue, Harrow, Greater London HA3 5BA2
£311K01/230.35 mi44, Masons Avenue, Harrow, Greater London HA3 5AR2
£295K06/210.39 mi36a, Herga Road, Harrow, Greater London HA3 5AS2
£322K08/230.39 mi24a, Herga Road, Harrow, Greater London HA3 5AS2
£650K01/210.48 mi100, Christchurch Avenue, Harrow, Greater London HA3 8NN2
£380K09/220.49 mi16, Broadlawns Court, Harrow, Greater London HA3 7HN2
£350K02/230.5 mi15, Broadlawns Court, Harrow, Greater London HA3 7HN2
£341.5K08/230.56 mi33a, Frognal Avenue, Harrow, Greater London HA1 2SG2
£315K11/220.57 mi204, High Road, Harrow, Greater London HA3 7BA2
£300K10/220.59 mi237a, High Road, Harrow, Greater London HA3 5EE2
£333K04/230.61 mi267, Kenton Lane, Harrow, Greater London HA3 8RR2
£336K09/230.61 mi111, Rosslyn Crescent, Harrow, Greater London HA1 2RY2
£335K03/230.67 mi79, Elmgrove Road, Harrow, Greater London HA1 2QW2
£380K10/230.68 mi18, Enderley Road, Harrow, Greater London HA3 5HF2
£315K06/210.69 mi10, Rusland Heights, Harrow, Greater London HA1 1UU2
£280K07/210.69 mi14, Nicola Close, Harrow, Greater London HA3 5HP2
£291.5K04/210.69 mi8, Nicola Close, Harrow, Greater London HA3 5HP2
£340K02/210.7 mi9a, Barchester Road, Harrow, Greater London HA3 5HH2
£425K10/220.71 mi16, Vernon Court, Stanmore, Greater London HA7 2BN2
£315K01/210.73 mi2, Glenwood Close, Harrow, Greater London HA1 2QL2
£302K03/230.73 mi32, Glenwood Close, Harrow, Greater London HA1 2QL2
£195K03/210.73 mi4a, Weald Lane, Harrow, Greater London HA3 5ES2
£300K10/210.73 mi29, Glenwood Close, Harrow, Greater London HA1 2QN2
£255K02/210.73 mi49, Elmgrove Crescent, Harrow, Greater London HA1 2QT2
£352.5K02/210.75 miFlat 11, Leaf House, Catherine Place, Harrow, Greater London HA1 2JW2
£400K06/210.76 mi23, Hamilton Road, Harrow, Greater London HA1 1SX2
£310K11/200.77 mi2, Tallack Close, Harrow, Greater London HA3 7DN2
£325K11/220.77 mi7a, Bengarth Drive, Harrow, Greater London HA3 5HX2
£326K06/230.79 mi91, Sefton Avenue, Harrow, Greater London HA3 5JP2
£345K12/220.8 mi21, Duffield Close, Harrow, Greater London HA1 2LG2
£355K06/230.8 mi20, Duffield Close, Harrow, Greater London HA1 2LG2
£475K03/210.81 mi70, Nibthwaite Road, Harrow, Greater London HA1 1TG2
£368K12/200.81 mi10a, Radnor Avenue, Harrow, Greater London HA1 1SB2
£350K02/230.82 miFlat 10, Brandan House, Sovereign Place, Harrow, Greater London HA1 2FN2
£330K02/210.82 mi25b, Radnor Avenue, Harrow, Greater London HA1 1SB2
£370K06/210.83 mi41, Ranmoor Close, Harrow, Greater London HA1 1UH2
£390K09/230.85 miFlat A, 186, Harrow View, Harrow, Greater London HA1 4TN2
£275K05/230.85 mi80, Dromey Gardens, Harrow, Greater London HA3 6AX2
£350K02/230.87 mi20, Twickenham Gardens, Harrow, Greater London HA3 6BG2
£350K12/200.87 mi7, Twickenham Gardens, Harrow, Greater London HA3 6BG2
£319.5K03/210.87 mi22, Twickenham Gardens, Harrow, Greater London HA3 6BG2
£379.9K06/230.87 mi40, Twickenham Gardens, Harrow, Greater London HA3 6BG2
£420K02/210.88 mi78, Radnor Road, Harrow, Greater London HA1 1SA2
£335K10/210.88 mi6, Alma Row, Harrow, Greater London HA3 6HN2
£350K09/220.88 mi21a, Derby Avenue, Harrow, Greater London HA3 5JU2

Local Rents

51 rents from £1.4K/mo to £4.2K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,60004/240.02 miArchery Close, Harrow, HA32
£1,60004/240.05 miArchery Close, Harrow, Middlesex, HA32
£1,69503/250.08 mi-2
£1,72512/240.14 mi-2
£1,70004/240.21 mi-2
£1,70003/250.21 mi-2
£1,95012/240.25 mi-2
£1,75004/240.29 miMontrose Road, Harrow, Middlesex HA32
£1,72504/240.29 miMontrose Road, Harrow, Middlesex HA32
£1,72504/240.3 miMontrose Road, Ha32
£1,67503/250.3 mi-2
£1,75004/240.31 miSunset House, Grant Road, Harrow Wealdstone, Middlesex, HA32
£1,55003/250.31 mi-2
£1,55003/250.31 mi-2
£2,00002/250.33 mi-2
£1,60005/230.33 miSpencer Road, Harrow2
£1,65004/240.33 miSpencer Road, Harrow2
£1,70004/240.34 miSpencer Road, Harrow, HA32
£1,65004/240.35 miBirchfield, Palmerston Road, HA32
£1,70004/240.36 miSpencer Road, Harrow2
£1,60004/240.37 mi-2
£1,65001/250.37 mi-2
£1,55001/250.37 mi-2
£1,65003/250.38 mi-2
£1,50004/240.38 miAdmiral House, Cardinal Way, Wealdstone, HA32
£1,55004/240.38 miAdmiral House, Cardinal Way, Wealdstone, HA32
£1,75012/240.38 mi-2
£1,65012/240.42 mi-2
£1,80004/240.42 miHigh Street, Harrow2
£1,49502/250.44 mi-2
£1,49503/250.45 mi-2
£2,10002/250.45 mi-2
£1,70001/250.47 mi-2
£1,65003/250.47 mi-2
£1,90004/240.48 mi-2
£2,10003/250.48 mi-2
£1,40012/240.48 mi-2
£1,65012/240.48 mi-2
£1,80001/250.49 mi-2
£1,60012/240.5 mi-2
£1,85004/240.5 miLowry Court, 23 Artisan Place, Harrow , HA3 2
£1,90012/240.52 mi-2
£1,90004/240.52 miApplebee Court, Wealdstone, Harrow, HA32
£1,80003/250.52 mi-2
£1,85004/240.53 miArtisan Place, Wealdstone2
£1,40004/240.54 mi-2
£1,60003/250.54 mi-2
£4,20002/250.56 mi-2
£4,20002/250.56 mi-2
£4,20002/250.56 mi-2
£4,20002/250.56 mi-2

Local Area Statistics

Population in HA3

70,809

Population in Harrow

164,559

Town centre distance

0.74 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

Listed for £225,000

January 28, 2025

Floor Plans

Description

  • 2 BEDROOM FIRST FLOOR APARTMENT +
  • PURPOSE BUILT BLOCK +
  • POPULAR DEVELOPMENT +
  • IN NEED OF SOME REFUBISHMENT +
  • GAS CENTRAL HEATING +
  • DOUBLE GLAZING +
  • RESIDENT PARKING +
  • NO UPPER CHAIN +
  • CONVENIENT FOR WEALDTONE BAKERLOO LINE STN +
  • EPC RATING C +

Nestled in the desirable Archery Close, Harrow, this charming two-bedroom first-floor apartment presents an excellent opportunity for those looking to make their mark on a property. While the flat is in need of some refurbishment, it offers a blank canvas for potential buyers to create their ideal living space.

The apartment features a welcoming reception room, two bedrooms, gas central heating, double glazing, generous kitchen and re fitted bathroom.

Set within a popular development, residents will benefit from dedicated parking, ensuring convenience in this bustling area. The location is particularly advantageous for commuters, as it is conveniently situated near the Wealdstone Bakerloo Line/over ground station, providing easy access to central London and beyond.

This property is an ideal choice for those looking to invest in a home that they can personalise to their taste while enjoying the benefits of a well-connected and vibrant community. With its potential and prime location, this flat is not to be missed.

Communal Front Door -

Stairs To First Floor -

Own Front Door -

Entrance Hall -

Lounge -

Kitchen -

Bedroom One -

Bedroom Two -

Bathroom -

Outside -

Communal Gardens -

Resident Parking -

Lease - 99 Yrs From Dec 1981 - (55 years remaining)

Ground Rent £60 Pa -

Service Charge £1800 Pa -

Council Tax Band C -

Epc Rating C -

Agent Details

Wilson Hawkins, Harrow on the Hill

020 3835 5667

Next Steps?

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