2 Bed Flat, Single Let, Harrow, HA3 0QW £300,000

Preston Road, Harrow, HA3 0QW - 1 views - 10 months ago

Leasehold

BTL

ROI: 6%

~68 m²

ValuationUndervalued

Sold Prices	£230K - £685K
Sold Prices/m²	£4.2K/m² - £8.1K/m²

Square Metres	~68.11 m²
Price/m²	£4.4K/m²
Value Estimate	£372,751£372,751
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£12,700£12,700
Total Cash In	£87,700£87,700

Cash Out
Rent Range	£750 - £2,400£750 - £2,400
Rent Estimate	£1,700
Running Costs/mo	£1,298£1,298
Cashflow/mo	£403£403
Cashflow/yr	£4,830£4,830
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £230K to £685K, average is £348K. £4.2K/m² to £8.1K/m², average is £5.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£350K	09/24	0.05 mi	36, Viewfield Close, Harrow HA3 0PR	£5,469	64	2	Flat
£370K	06/21	0.28 mi	35, Magnolia Court, Harrow, Greater London HA3 9UB	-	-	2	Flat
£400K	03/25	0.28 mi	32, Magnolia Court, Harrow HA3 9UB	£6,452	62	2	Flat
£400K	03/25	0.28 mi	32, Magnolia Court, Harrow HA3 9UB	-	-	2	Flat
£390K	09/24	0.31 mi	11, Magnolia Court, Harrow HA3 9UB	£5,994	65	2	Flat
£360K	06/21	0.41 mi	24a, Thirlmere Gardens, Wembley, Greater London HA9 8RE	-	-	2	Flat
£340K	02/25	0.44 mi	3, 71 81 Elmstead Court, Elmstead Avenue, Wembley HA9 8NR	£5,763	59	2	Flat
£480K	05/21	0.54 mi	45, Carlton Avenue East, Wembley, Greater London HA9 8LZ	-	-	2	Flat
£374K	06/21	0.55 mi	42b, Shakespeare Drive, Harrow, Greater London HA3 9TR	£5,582	67	2	Flat
£390K	02/25	0.58 mi	51, Robin Grove, Harrow HA3 9TP	£5,909	66	2	Flat
£390K	02/25	0.58 mi	51, Robin Grove, Harrow HA3 9TP	-	-	2	Flat
£320K	04/23	0.61 mi	172, Chamberlayne Avenue, Wembley, Greater London HA9 8ST	£4,706	68	2	Flat
£230K	03/24	0.61 mi	Windermere Court, 47, Windermere Avenue, Wembley HA9 8SL	£4,423	52	2	Flat
£380K	02/25	0.63 mi	37, Lawns Court, The Avenue, Wembley HA9 9PN	£4,222	90	2	Flat
£340K	10/21	0.64 mi	10, Chamberlayne Avenue, Wembley, Greater London HA9 8SR	£5,484	62	2	Flat
£380K	02/25	0.65 mi	37, Lawns Court, Wembley, Greater London HA9 9PN	£4,222	90	2	Flat
£375K	06/21	0.65 mi	36, Lawns Court, Wembley, Greater London HA9 9PN	£4,688	80	2	Flat
£393K	01/24	0.65 mi	Lawns Court, 27, The Avenue, Wembley HA9 9PN	£4,852	81	2	Flat
£330K	07/23	0.66 mi	25, Eskdale Close, Wembley, Greater London HA9 8XB	£4,661	71	2	Flat
£685K	08/21	0.67 mi	130, Elmstead Avenue, Wembley, Greater London HA9 8NZ	£4,858	141	2	Flat
£299.9K	12/22	0.7 mi	30, Pempath Place, Wembley, Greater London HA9 8QW	-	-	2	Flat
£250K	10/23	0.7 mi	27, Pempath Place, Wembley HA9 8QW	£4,808	52	2	Flat
£305K	09/21	0.71 mi	17, Lulworth Avenue, Wembley, Greater London HA9 8TP	£4,766	64	2	Flat
£345K	12/24	0.76 mi	37, Woodgrange Close, Harrow HA3 0XH	£7,041	49	2	Flat
£290K	12/24	0.77 mi	89, Chamberlayne Avenue, Wembley HA9 8SS	£4,328	67	2	Flat
£319K	03/25	0.77 mi	91, Chamberlayne Avenue, Wembley HA9 8SS	£5,500	58	2	Flat
£335K	09/23	0.77 mi	Flat 10, Century House, Forty Avenue, Wembley, Greater London HA9 8RS	-	-	2	Flat
£350K	09/22	0.77 mi	Flat 4, Century House, Forty Avenue, Wembley, Greater London HA9 8RS	-	-	2	Flat
£290K	07/24	0.77 mi	Century House, 28, Forty Avenue, Wembley HA9 8RS	£5,800	50	2	Flat
£330K	03/25	0.81 mi	45, Creswell House, Hirst Crescent, Wembley HA9 7HJ	£4,853	68	2	Flat
£330K	03/25	0.81 mi	45, Creswell House, Hirst Crescent, Wembley HA9 7HJ	-	-	2	Flat
£320K	01/24	0.82 mi	Flat 49, Cresswell House, Hirst Crescent, Wembley, Greater London HA9 7HJ	-	-	2	Flat
£346K	10/24	0.83 mi	415, Kenton Road, Harrow, Greater London HA3 0XX	£5,164	67	2	Flat
£356K	03/25	0.85 mi	35, Crown Walk, Wembley HA9 8HU	£5,313	67	2	Flat
£356K	03/25	0.85 mi	35, Crown Walk, Wembley HA9 8HU	-	-	2	Flat
£327.8K	09/23	0.85 mi	Flat 58, Kirk House, Hirst Crescent, Wembley, Greater London HA9 7HF	-	-	2	Flat
£280K	09/22	0.86 mi	33, Woodgrange Avenue, Harrow, Greater London HA3 0XG	£5,714	49	2	Flat
£475K	02/25	0.88 mi	Best House, Flat 14, Matthews Close, Wembley HA9 8FE	£6,507	73	2	Flat
£310K	06/23	0.88 mi	Flat 16, Bell House, Hirst Crescent, Wembley, Greater London HA9 7HE	-	-	2	Flat
£312K	11/23	0.88 mi	Flat 40, Bell House, Hirst Crescent, Wembley, Greater London HA9 7HE	-	-	2	Flat
£330K	02/24	0.88 mi	Bell House, Flat 44, Hirst Crescent, Wembley, Greater London HA9 7HE	£4,648	71	2	Flat
£325K	04/25	0.89 mi	12, Garden Court, Byron Road, Wembley HA0 3NY	£5,242	62	2	Flat
£280K	09/23	0.89 mi	Flat 14, Pegasus Court, Kenton Road, Harrow, Greater London HA3 0XT	-	-	2	Flat
£265K	10/23	0.89 mi	Flat 6, Pegasus Court, Kenton Road, Harrow, Greater London HA3 0XT	-	-	2	Flat
£350K	03/25	0.93 mi	41, Radbourne Court, Draycott Avenue, Harrow HA3 0BQ	£4,861	72	2	Flat
£350K	03/25	0.93 mi	41, Radbourne Court, Draycott Avenue, Harrow HA3 0BQ	-	-	2	Flat
£360K	01/23	0.93 mi	464, Kings Drive, Wembley, Greater London HA9 9JB	£5,896	61	2	Flat
£365K	02/25	0.93 mi	58, Clifton Road, Harrow HA3 9NS	£8,111	45	2	Flat
£365K	02/25	0.93 mi	58, Clifton Road, Harrow HA3 9NS	-	-	2	Flat
£410K	01/25	0.95 mi	25, Flat 7, Brook Avenue, Wembley HA9 8PH	£5,857	70	2	Flat

Local Rents

50 rents from £750/mo to £2.4K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,150	05/25	0 mi	-	2	Flat
£2,000	03/25	0 mi	-	2	Flat
£1,700	11/25	0 mi	-	2	Flat
£1,800	11/25	0.02 mi	Preston Road	2	Flat
£1,750	11/25	0.02 mi	Park Court, Preston Road, Kenton	2	Flat
£1,700	10/25	0.05 mi	Jubilee Court, Preston Road, Harrow, Middlesex, HA3	2	Flat
£1,650	08/25	0.06 mi	Preston Road, Harrow, HA3	2	Flat
£1,600	06/25	0.06 mi	Viewfield Close, Harrow, HA3	2	Flat
£1,700	09/25	0.06 mi	Viewfield Close, Harrow	2	Flat
£1,700	09/25	0.06 mi	Viewfield Close, Kenton	2	Flat
£750	06/25	0.1 mi	-	2	Flat
£1,700	04/24	0.11 mi	-	2	Flat
£1,750	04/25	0.11 mi	-	2	Flat
£1,700	04/24	0.15 mi	302-308 Preston Road, Harrow, Middlesex, HA3 0QP	2	Flat
£1,500	07/25	0.21 mi	Uxendon Crescent, Preston Road, Wembley, HA9	2	Flat
£2,100	02/25	0.26 mi	-	2	Semi-Detached House
£1,500	10/25	0.27 mi	Uxendon Crescent, Wembley, HA9	2	Flat
£2,250	03/25	0.27 mi	-	2	Flat
£1,550	11/25	0.27 mi	-	2	Flat
£1,650	09/25	0.3 mi	Wilson Drive, Wembley	2	Flat
£2,000	09/25	0.3 mi	-	2	Flat
£1,650	02/24	0.3 mi	-	2	Flat
£2,150	05/25	0.31 mi	-	2	Flat
£1,700	10/25	0.32 mi	Preston Hill, Harrow, HA3	2	Flat
£1,950	07/25	0.36 mi	Glendale Gardens, Wembley, HA9	2	Flat
£2,350	08/25	0.37 mi	Vane Close, Harrow, HA3	2	Terraced House
£2,200	07/25	0.39 mi	-	2	Terraced House
£1,800	08/25	0.39 mi	Imperial Way, Harrow, HA3 9SR	2	Semi-Detached House
£1,800	09/25	0.39 mi	Imperial Way, Harrow, HA3 9SR	2	Semi-Detached House
£2,000	11/25	0.43 mi	-	2	Terraced House
£2,000	11/25	0.43 mi	Tookey Close, Harrow, HA3	2	Terraced House
£2,000	06/25	0.45 mi	-	2	Flat
£1,800	03/24	0.48 mi	Aylands Close, Wembley	2	Flat
£2,350	10/25	0.49 mi	Beverley Gardens, Wembley, HA9	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
£1,850	12/24	0.52 mi	-	2	Flat
£2,250	04/24	0.52 mi	-	2	Flat
£2,150	12/24	0.52 mi	-	2	Flat
£2,250	11/25	0.52 mi	-	2	Bungalow
£2,400	10/25	0.55 mi	Carlton Avenue East, Wembley, Middlesex, HA9	2	Flat
£1,750	11/25	0.57 mi	Preston Road, Wembley	2	Flat
£1,850	02/25	0.59 mi	-	2	Flat
£1,850	04/25	0.59 mi	-	2	Flat
£1,850	08/25	0.59 mi	-	2	Flat
£1,750	11/25	0.6 mi	-	2	Flat
£1,900	10/25	0.6 mi	Preston Road, Wembley, HA9	2	Flat
£1,825	10/25	0.6 mi	Third Avenue, Wembley, HA9	2	Flat
£1,800	09/25	0.6 mi	Third Avenue, Wembley, HA9	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	0.22 miles away0.22 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-5%-5%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+16%+16%

Property History

Listed for £300,000

February 10, 2025

Floor Plans

Description

2 Bedrooms +
Chain Free +
Long Lease +
Refurbished Modern Flat +
Private Garage Included +
Near Preston Road Station +
New Bathroom +
New Bespoke Kitchen +
Ideal for BTL Investors +

This stunning 2-bedroom property boasts a prime location in a sought-after neighbourhood. The spacious living area is flooded with natural light, creating a bright and airy ambiance.

The flat is chain free and walking distance to Preston Road station. Suitable for residential buyers and buy to let investor with approximate rental figure of £1850. Lease has been extended to 140+ years and low affordable service charge.

The property also benefits from access to communal gardens, ideal for outdoor activities. With residents parking and a garage included, convenience is at your doorstep. Don't miss the opportunity to make this your dream home. Contact us today to arrange a viewing.

Situated in a sought-after location, this stunning 2-bedroom apartment offers a perfect blend of modern living and convenience. The property boasts a spacious open-plan living area, flooded with natural light, ideal for entertaining guests or relaxing after a long day. The contemporary kitchen is equipped with high-quality appliances and ample storage space. Both bedrooms are generously sized, providing a comfortable retreat for residents. Additional features include access to communal gardens, perfect for enjoying the outdoors, and residents parking for added convenience. With its prime location, close to local amenities and transport links, this apartment offers the perfect combination of style and practicality. Don't miss the opportunity to make this your new home. Contact us today to arrange a viewing.

Agent Details

Ellis & Co, Wembley

020 3834 8518

Next Steps?

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

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