3 Bed Flat, Cash/Bridging Only, Harrow, HA1 4UG, £295,000

Danes Gate, Harrow, HA1 4UG - 6 views - 3 months ago

Leasehold

Cash

ROI: 1%

~93 m²

+4 photos

ValuationUndervalued

Sold Prices	£160K - £757.5K
Sold Prices/m²	£1.6K/m² - £9K/m²

Square Metres	~93 m²
Price/m²	£3.2K/m²
Value Estimate	£303,850£303,850
BMV	3%

End Value (After Refurb)	£542,715£542,715
Uplift in Value	+84%+84%
You could potentially get back more cash than you put into this deal. All your cash out plus £40,978 extra. See the breakdown

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£73,750£73,750
Stamp Duty & Legal Fees	£12,300£12,300
Refurb Costs	£49,265£49,265
Bridging Loan Interest	£7,744£7,744
Total Cash In	£144,809£144,809

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£542,715£542,715
Agent Fees (1%)	£5,427£5,427
Bridging Loan	£221,250£221,250
Bridging Loan Interest	£7,744£7,744
Flip Profit	£171,230£171,230

Local Sold Prices

28 sold prices from £160K to £757.5K, average is £398.5K. £1.6K/m² to £9K/m², average is £5.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£415K	01/23	0.19 mi	5, Badminton Close, Harrow, Greater London HA1 1UL	£5,685	73	3	Flat
£441K	08/23	0.46 mi	46a, Nibthwaite Road, Harrow, Greater London HA1 1TA	£5,654	78	3	Flat
£360K	05/21	0.48 mi	46, Aberdeen Road, Harrow, Greater London HA3 7NG	£6,667	54	3	Flat
£400K	04/21	0.5 mi	17, Radnor Road, Harrow, Greater London HA1 1RY	-	-	3	Flat
£363K	12/20	0.51 mi	32a, Warrington Road, Harrow, Greater London HA1 1SY	£4,427	82	3	Flat
£382K	11/20	0.54 mi	111a, Rosslyn Crescent, Harrow, Greater London HA1 2RY	£5,536	69	3	Flat
£440K	07/23	0.56 mi	20, Brinsley Road, Harrow, Greater London HA3 5HY	£5,946	74	3	Flat
£450K	02/21	0.64 mi	25a, Wellesley Road, Harrow, Greater London HA1 1QL	£6,164	73	3	Flat
£375K	06/21	0.9 mi	35a, Southfield Park, Harrow, Greater London HA2 6HF	£5,819	64	3	Flat
£325K	04/21	0.95 mi	37a, Vaughan Road, Harrow, Greater London HA1 4DP	£4,514	72	3	Flat
£160K	04/23	0.96 mi	607a, Kenton Lane, Harrow, Greater London HA3 7HJ	£1,616	99	3	Flat
£480K	10/23	1.13 mi	15a, Imperial Drive, Harrow, Greater London HA2 7BP	£4,278	112	3	Flat
£420K	06/23	1.13 mi	15b, Imperial Drive, Harrow, Greater London HA2 7BP	£4,895	86	3	Flat
£350K	01/24	1.26 mi	30, Capel Gardens, Pinner, Greater London HA5 5RG	£4,605	76	3	Flat
£380K	11/20	1.32 mi	679, Pinner Road, Pinner, Greater London HA5 5QZ	£5,758	66	3	Flat
£380K	11/20	1.35 mi	679, Pinner Road, Pinner, Greater London HA5 5QZ	£5,758	66	3	Flat
£757.5K	11/20	1.54 mi	33, King Henry Mews, Harrow, Greater London HA2 0JF	£6,824	111	3	Flat
£450K	02/23	1.64 mi	37, Dove Park, Hatch End, Pinner, Greater London HA5 4EB	-	-	3	Flat
£433K	03/21	1.65 mi	33, London Road, Harrow, Greater London HA1 3JJ	£4,865	89	3	Flat
£375K	08/23	1.71 mi	87a, Marsh Road, Pinner, Greater London HA5 5PA	£5,208	72	3	Flat
£329.5K	04/21	1.72 mi	41, Grove Avenue, Pinner, Greater London HA5 5NU	£3,923	84	3	Flat
£565K	01/21	1.76 mi	19, Elmfield Close, Harrow, Greater London HA1 3TL	£4,593	123	3	Flat
£397K	12/22	1.82 mi	17, Fentiman Way, Harrow, Greater London HA2 8FD	-	-	3	Flat
£610K	07/23	1.85 mi	8a, West End Avenue, Pinner, Greater London HA5 1BJ	£6,632	92	3	Flat
£505K	01/23	1.87 mi	Flat 15, The Mount House, Sudbury Hill, Harrow, Greater London HA1 3NH	-	-	3	Flat
£294K	06/23	1.89 mi	117a, Northolt Road, Harrow, Greater London HA2 0LX	-	-	3	Flat
£195K	12/21	1.89 mi	157, Northolt Road, Harrow, Greater London HA2 0LX	-	-	3	Flat
£660K	06/21	1.93 mi	5, Crowshott Avenue, Stanmore, Greater London HA7 1HL	£9,041	73	3	Flat

Local Rents

40 rents from £1.5K/mo to £3K/mo, average is £2.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,950	04/24	0.08 mi	Harrow, HA1	3	Terraced House
£2,950	04/24	0.08 mi	Earl Crescent, HA1	3	Terraced House
£2,550	04/24	0.19 mi	-	3	Semi-Detached House
£2,300	12/24	0.21 mi	-	3	Flat
£2,425	02/25	0.21 mi	-	3	Semi-Detached House
£2,450	04/24	0.22 mi	-	3	Flat
£2,450	03/25	0.22 mi	-	3	Terraced House
£2,400	04/24	0.23 mi	Harrow View, HARROW	3	Flat
£1,950	02/25	0.25 mi	-	3	Flat
£2,100	01/25	0.3 mi	-	3	Semi-Detached House
£2,500	04/24	0.3 mi	-	3	Semi-Detached House
£2,100	12/24	0.33 mi	-	3	Flat
£3,000	01/23	0.35 mi	Lowick Road, Harrow	3	Semi-Detached House
£1,850	04/24	0.35 mi	-	3	Flat
£2,450	04/24	0.36 mi	Torver Road, Harrow	3	House
£2,200	04/24	0.37 mi	-	3	Flat
£2,100	03/25	0.37 mi	-	3	Flat
£2,000	03/25	0.38 mi	-	3	Flat
£2,000	04/24	0.39 mi	Whitefriars Avenue, Harrow	3	Terraced House
£2,000	01/25	0.4 mi	-	3	Flat
£2,450	03/25	0.41 mi	-	3	Semi-Detached House
£2,200	04/24	0.41 mi	Flat 2 Radnor Road, Harrow	3	Flat
£1,500	03/25	0.43 mi	-	3	Flat
£2,050	04/24	0.46 mi	Lorne Road, Harrow, Greater London, HA3	3	Terraced House
£2,100	12/24	0.46 mi	-	3	Flat
£2,100	04/24	0.46 mi	Nibthwaite Road, London, HA1	3	Flat
£2,400	04/24	0.46 mi	Wickham Road, Harrow, Middlesex HA3	3	Terraced House
£1,800	12/24	0.47 mi	-	3	Flat
£2,000	04/25	0.47 mi	-	3	Flat
£1,650	01/25	0.48 mi	-	3	Flat
£1,650	03/25	0.48 mi	-	3	Flat
£2,400	04/24	0.49 mi	Balfour Road, Harrow	3	Semi-Detached House
£2,100	03/25	0.5 mi	-	3	Flat
£2,100	04/24	0.51 mi	-	3	Flat
£2,600	04/24	0.52 mi	Station Road,	3	Flat
£2,500	04/24	0.55 mi	Station Road,	3	Flat
£2,250	03/24	0.56 mi	Spencer Road, Harrow	3	Semi-Detached House
£1,850	04/24	0.56 mi	Pinner View, Harrow	3	Flat
£2,500	03/25	0.6 mi	-	3	Semi-Detached House
£2,600	12/24	0.62 mi	-	3	Semi-Detached House

Local Area Statistics

Population in HA1	38,44138,441
Population in Harrow	164,559164,559
Town centre distance	0.57 miles away0.57 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.27 miles away0.27 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+24%+24%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+22%+22%

Property History

Listed for £295,000

February 3, 2025

Floor Plans

Description

Cash Buyers Only +
Three Bedroom +
Ground Floor Apartment +
50 Year Lease +
Double Glazed / Gas Central Heating +
Currently Tenanted - Yield in Excess of 6% +
Council Tax - Band +
EPC Rating - +

*CASH BUYERS ONLY - CALLING ALL INVESTORS* Brian Cox and Company are delighted to offer to the market this well maintained three bedroom ground floor flat in the popular Danes Gate Development. The property is currently tenanted and receiving a yield in excess of 6%. Further benefits include double glazing, gas central heating and communal gardens. Viewings are highly recommended so call now to arrange yours!!

Agent Details

Brian Cox, Harrow

020 3840 3656

Next Steps?

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