2 Bed Flat, Single Let, Stanmore, HA7 4QD, £265,000

Rusper Close, Stanmore, Middlesex, London, HA7 4QD - 4 views - 2 months ago

Leasehold

Auction

BTL

ROI: 6%

~68 m²

+7 photos

ValuationUndervalued

Sold Prices	£119K - £820K
Sold Prices/m²	£1.7K/m² - £11.6K/m²

Square Metres	~68.11 m²
Price/m²	£3.9K/m²
Value Estimate	£318,000£318,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£66,250£66,250
Stamp Duty & Legal Fees	£9,900£9,900
Total Cash In	£76,150£76,150

Cash Out
Rent Range	£1,500 - £3,150£1,500 - £3,150
Rent Estimate	£1,519
Running Costs/mo	£1,152£1,152
Cashflow/mo	£367£367
Cashflow/yr	£4,405£4,405
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

43 sold prices from £119K to £820K, average is £400K. £1.7K/m² to £11.6K/m², average is £5.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£560K	09/23	0.05 mi	10, Oak Lodge Close, Stanmore, Greater London HA7 4QB	-	-	2	Flat
£560K	11/20	0.05 mi	31, Oak Lodge Close, Stanmore, Greater London HA7 4QB	£4,956	113	2	Flat
£555K	11/21	0.06 mi	9, Oak Lodge Close, Stanmore, Greater London HA7 4QB	-	-	2	Flat
£250K	03/23	0.08 mi	16, Dennis Gardens, Stanmore, Greater London HA7 4JG	-	-	2	Flat
£410K	04/21	0.09 mi	Flat 5, Belmont Lodge, London Road, Stanmore, Greater London HA7 4NG	-	-	2	Flat
£401K	04/21	0.11 mi	23, Copley Road, Stanmore, Greater London HA7 4PF	£5,897	68	2	Flat
£400K	10/21	0.11 mi	32, Copley Road, Stanmore, Greater London HA7 4PF	£6,061	66	2	Flat
£400K	11/20	0.11 mi	31, Copley Road, Stanmore, Greater London HA7 4PF	£6,061	66	2	Flat
£450K	02/21	0.11 mi	29, Laburnum Court, Stanmore, Greater London HA7 4JP	£6,081	74	2	Flat
£450K	02/21	0.11 mi	6, Laburnum Court, Stanmore, Greater London HA7 4JP	£5,357	84	2	Flat
£343K	10/22	0.16 mi	5, Rainsford Close, Stanmore, Greater London HA7 3DJ	£4,764	72	2	Flat
£485K	08/23	0.24 mi	2, Goodwood Close, Stanmore, Greater London HA7 4HX	-	-	2	Flat
£485K	08/23	0.24 mi	2, Goodwood Close, Stanmore, Greater London HA7 4HX	-	-	2	Flat
£420K	11/22	0.24 mi	5, Goodwood Close, Stanmore, Greater London HA7 4HX	£5,122	82	2	Flat
£385K	05/23	0.27 mi	Flat 10, Fountain House, Church Road, Stanmore, Greater London HA7 4DF	£4,813	80	2	Flat
£385K	05/23	0.27 mi	Flat 10, Fountain House, Church Road, Stanmore, Greater London HA7 4DF	£4,813	80	2	Flat
£370K	04/23	0.27 mi	Flat 11, Fountain House, Church Road, Stanmore, Greater London HA7 4DF	-	-	2	Flat
£380K	03/23	0.27 mi	Flat 3, The Briars, Merryfield Gardens, Stanmore, Greater London HA7 4TG	-	-	2	Flat
£480K	03/21	0.28 mi	1, Stangate Gardens, Stanmore, Greater London HA7 3BL	£5,647	85	2	Flat
£119K	12/22	0.29 mi	3, Malcolm Court, Stanmore, Greater London HA7 4HN	£1,676	71	2	Flat
£417.5K	02/21	0.29 mi	10, Malcolm Court, Stanmore, Greater London HA7 4HN	£6,396	65	2	Flat
£395K	12/20	0.29 mi	5, Malcolm Court, Stanmore, Greater London HA7 4HN	£6,077	65	2	Flat
£156K	09/21	0.32 mi	3, Hewett Close, Stanmore, Greater London HA7 3BW	£2,000	78	2	Flat
£355K	06/23	0.33 mi	32, Elizabeth Gardens, Stanmore, Greater London HA7 4UG	-	-	2	Flat
£352K	03/21	0.39 mi	116, Beatty Road, Stanmore, Greater London HA7 4EQ	£5,131	69	2	Flat
£380K	05/21	0.43 mi	14, Bernays Close, Stanmore, Greater London HA7 4BA	-	-	2	Flat
£424K	12/22	0.43 mi	3, Rectory Close, Stanmore, Greater London HA7 2QY	£5,889	72	2	Flat
£820K	06/21	0.43 mi	14, Cherry Tree Way, Stanmore, Greater London HA7 2QT	-	-	2	Flat
£371K	04/21	0.44 mi	6, Bernays Close, Stanmore, Greater London HA7 4BA	£4,947	75	2	Flat
£325K	01/21	0.44 mi	9, Bernays Close, Stanmore, Greater London HA7 4BA	£4,779	68	2	Flat
£340K	11/20	0.46 mi	33, Talman Grove, Stanmore, Greater London HA7 4UH	-	-	2	Flat
£355K	12/20	0.47 mi	19, Culverlands Close, Stanmore, Greater London HA7 3AG	£4,671	76	2	Flat
£480K	06/21	0.51 mi	39, Lady Aylesford Avenue, Stanmore, Greater London HA7 4FG	£5,161	93	2	Flat
£600K	12/23	0.57 mi	Flat 5, Riverine Lodge, Old Lodge Way, Stanmore, Greater London HA7 3BE	-	-	2	Flat
£420K	03/23	0.57 mi	9, Lindeth Close, Stanmore, Greater London HA7 2RQ	£7,368	57	2	Flat
£675K	06/21	0.65 mi	Flat 8, Wellington House, Aylmer Drive, Stanmore, Greater London HA7 3ES	-	-	2	Flat
£720K	02/23	0.65 mi	Flat 7, Wellington House, Aylmer Drive, Stanmore, Greater London HA7 3ES	-	-	2	Flat
£375K	04/23	0.67 mi	Flat 2, Regents Court, Stonegrove, Edgware, Greater London HA8 8AD	-	-	2	Flat
£510K	03/23	0.73 mi	23, Gleneagles, Stanmore, Greater London HA7 3QG	£11,591	44	2	Flat
£322K	06/21	0.81 mi	Flat 5, Ailantus Court, Stonegrove, Edgware, Greater London HA8 8AA	-	-	2	Flat
£280K	06/21	0.86 mi	Flat 5, Glentworth Court, Stonegrove, Edgware, Greater London HA8 7UE	£4,667	60	2	Flat
£388K	09/21	0.87 mi	10a, Kenneth Gardens, Stanmore, Greater London HA7 3SD	-	-	2	Flat
£400K	03/21	0.9 mi	11, Windermere Hall, Edgware, Greater London HA8 7SZ	-	-	2	Flat

Local Rents

24 rents from £1.5K/mo to £3.1K/mo, average is £2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,200	01/25	0.04 mi	-	2	Flat
£2,200	01/25	0.04 mi	-	2	Flat
£2,000	02/25	0.04 mi	-	2	Flat
£2,100	04/24	0.06 mi	Heywood Court, 135 London Road, Stanmore, HA7	2	Flat
£2,000	02/24	0.06 mi	-	2	Flat
£2,300	04/24	0.06 mi	-	2	Flat
£2,200	04/25	0.06 mi	-	2	Flat
£1,750	03/25	0.14 mi	-	2	Flat
£1,550	02/25	0.17 mi	-	2	Flat
£1,950	04/24	0.2 mi	Claire Gardens Stanmore HA7	2	Flat
£1,800	02/24	0.22 mi	Albemarle Park, Stanmore, HA7	2	Flat
£2,200	04/24	0.33 mi	-	2	Flat
£1,842	04/24	0.35 mi	Halsbury Close, Stanmore, HA7	2	Flat
£1,950	03/24	0.38 mi	Morecambe Gardens, Stanmore, HA7	2	Flat
£2,000	03/25	0.44 mi	-	2	Flat
£2,200	02/25	0.49 mi	-	2	Terraced House
£2,250	04/24	0.49 mi	Brockleyside, Stanmore, HA7	2	Terraced House
£2,000	01/25	0.49 mi	-	2	Flat
£1,500	04/24	0.56 mi	Stanmore, Harrow, HA7	2	Flat
£1,650	04/24	0.57 mi	Lindeth Close, (PK408), Stanmore, HA7	2	Flat
£1,650	12/24	0.57 mi	Lindeth Close, (PK408), Stanmore, HA7	2	Flat
£3,150	04/24	0.58 mi	-	2	Flat
£3,150	03/25	0.58 mi	-	2	Flat
£1,950	01/24	0.61 mi	Goodhall Close Stanmore HA7	2	Flat

Local Area Statistics

Population in HA7	35,97635,976
Town centre distance	0.46 miles away0.46 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.17 miles away0.17 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-40%-40%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+18%+18%

Property History

Listed for £265,000

February 10, 2025

Description

Being Sold via Secure Sale online bidding. Terms and Conditions apply. +
DUPLEX FLAT (ON TWO LEVELS) +
ENTRYPHONE SYSTEM +
RESIDENTS NON ALLOCATED PARKING +
TWO DOUBLE BEDROOMS +
FAMILY BATHROOM/WC +

This two bedroom duplex flat offers excellent value for money for a two bedroom property in Stanmore.

In addition to the bedrooms the flat offers a bathroom, additional WC, lounge, kitchen and two balcony over two floors, whilst externally there are large communal gardens and non-allocated gated residents parking.

The flat is offered with no onward chain and would make an ideal first time purchase or rental and the sellers are happy to discuss initiating the lease extension process.

Council Tax Band: D
Tenure: Leasehold
Length Of Lease: 83
Annual Service Charge Amount: £1,555.00

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

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

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