2 Bed Flat, Refurb/BRRR, Stanmore, HA7 4PJ, £375,000

London Road, Stanmore, HA7 4PJ - 2 views - 2 months ago

Leasehold
Refurb/BRRR
ROI: 2%
~68 m²
+13 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£5.5K/m²

Value Estimate

£343,201

 

 

End Value (After Refurb)

£408,861

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£36,033

Bridging Loan Interest

£9,844

Total Cash In

£160,077

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£408,861

Mortgage (After Refinance)

£306,646

Mortgage LTV

75%

Cash Released

£25,396

Cash Left In

£134,681

Equity

£102,215

Rent Range

£1,500 - £3,150

Rent Estimate

£1,995

Running Costs/mo

£1,697

Cashflow/mo

£298

Cashflow/yr

£3,580

ROI

2%

Gross Yield

6%

Local Sold Prices

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

PriceDateDistanceAddressBeds 
£560K09/230.04 mi10, Oak Lodge Close, Stanmore, Greater London HA7 4QB2
£560K11/200.04 mi31, Oak Lodge Close, Stanmore, Greater London HA7 4QB2
£555K11/210.05 mi9, Oak Lodge Close, Stanmore, Greater London HA7 4QB2
£250K03/230.08 mi16, Dennis Gardens, Stanmore, Greater London HA7 4JG2
£401K04/210.09 mi23, Copley Road, Stanmore, Greater London HA7 4PF2
£400K10/210.09 mi32, Copley Road, Stanmore, Greater London HA7 4PF2
£400K11/200.09 mi31, Copley Road, Stanmore, Greater London HA7 4PF2
£410K04/210.12 miFlat 5, Belmont Lodge, London Road, Stanmore, Greater London HA7 4NG2
£450K02/210.13 mi29, Laburnum Court, Stanmore, Greater London HA7 4JP2
£450K02/210.13 mi6, Laburnum Court, Stanmore, Greater London HA7 4JP2
£485K08/230.17 mi2, Goodwood Close, Stanmore, Greater London HA7 4HX2
£485K08/230.17 mi2, Goodwood Close, Stanmore, Greater London HA7 4HX2
£420K11/220.17 mi5, Goodwood Close, Stanmore, Greater London HA7 4HX2
£343K10/220.17 mi5, Rainsford Close, Stanmore, Greater London HA7 3DJ2
£380K03/230.2 miFlat 3, The Briars, Merryfield Gardens, Stanmore, Greater London HA7 4TG2
£119K12/220.21 mi3, Malcolm Court, Stanmore, Greater London HA7 4HN2
£417.5K02/210.21 mi10, Malcolm Court, Stanmore, Greater London HA7 4HN2
£395K12/200.21 mi5, Malcolm Court, Stanmore, Greater London HA7 4HN2
£385K05/230.22 miFlat 10, Fountain House, Church Road, Stanmore, Greater London HA7 4DF2
£385K05/230.22 miFlat 10, Fountain House, Church Road, Stanmore, Greater London HA7 4DF2
£370K04/230.22 miFlat 11, Fountain House, Church Road, Stanmore, Greater London HA7 4DF2
£355K06/230.26 mi32, Elizabeth Gardens, Stanmore, Greater London HA7 4UG2
£480K03/210.29 mi1, Stangate Gardens, Stanmore, Greater London HA7 3BL2
£352K03/210.31 mi116, Beatty Road, Stanmore, Greater London HA7 4EQ2
£156K09/210.33 mi3, Hewett Close, Stanmore, Greater London HA7 3BW2
£380K05/210.35 mi14, Bernays Close, Stanmore, Greater London HA7 4BA2
£371K04/210.36 mi6, Bernays Close, Stanmore, Greater London HA7 4BA2
£325K01/210.36 mi9, Bernays Close, Stanmore, Greater London HA7 4BA2
£820K06/210.37 mi14, Cherry Tree Way, Stanmore, Greater London HA7 2QT2
£424K12/220.37 mi3, Rectory Close, Stanmore, Greater London HA7 2QY2
£340K11/200.39 mi33, Talman Grove, Stanmore, Greater London HA7 4UH2
£480K06/210.46 mi39, Lady Aylesford Avenue, Stanmore, Greater London HA7 4FG2
£355K12/200.47 mi19, Culverlands Close, Stanmore, Greater London HA7 3AG2
£420K03/230.5 mi9, Lindeth Close, Stanmore, Greater London HA7 2RQ2
£600K12/230.54 miFlat 5, Riverine Lodge, Old Lodge Way, Stanmore, Greater London HA7 3BE2
£510K03/230.66 mi23, Gleneagles, Stanmore, Greater London HA7 3QG2
£675K06/210.68 miFlat 8, Wellington House, Aylmer Drive, Stanmore, Greater London HA7 3ES2
£720K02/230.68 miFlat 7, Wellington House, Aylmer Drive, Stanmore, Greater London HA7 3ES2
£375K04/230.69 miFlat 2, Regents Court, Stonegrove, Edgware, Greater London HA8 8AD2
£322K06/210.82 miFlat 5, Ailantus Court, Stonegrove, Edgware, Greater London HA8 8AA2
£388K09/210.83 mi10a, Kenneth Gardens, Stanmore, Greater London HA7 3SD2
£280K06/210.87 miFlat 5, Glentworth Court, Stonegrove, Edgware, Greater London HA8 7UE2
£400K03/210.89 mi11, Windermere Hall, Edgware, Greater London HA8 7SZ2
£325K08/231 miFlat 19, Orchard Court, Stonegrove, Edgware, Greater London HA8 7SX2
£287.5K05/231 miFlat 26, Orchard Court, Stonegrove, Edgware, Greater London HA8 7SX2

Local Rents

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

RentDateDistanceAddressBeds 
£2,10004/240.06 miHeywood Court, 135 London Road, Stanmore, HA72
£2,20001/250.08 mi-2
£2,20001/250.08 mi-2
£2,00002/250.08 mi-2
£1,55002/250.12 mi-2
£2,00002/240.12 mi-2
£2,30004/240.12 mi-2
£2,20004/250.12 mi-2
£1,95004/240.13 miClaire Gardens Stanmore HA72
£1,80002/240.15 miAlbemarle Park, Stanmore, HA72
£1,75003/250.16 mi-2
£2,20004/240.29 mi-2
£1,84204/240.35 miHalsbury Close, Stanmore, HA72
£1,95003/240.39 miMorecambe Gardens, Stanmore, HA72
£2,00001/250.41 mi-2
£2,00003/250.47 mi-2
£1,65004/240.49 miLindeth Close, (PK408), Stanmore, HA72
£1,65012/240.49 miLindeth Close, (PK408), Stanmore, HA72
£1,50004/240.5 miStanmore, Harrow, HA72
£2,20002/250.54 mi-2
£2,25004/240.54 miBrockleyside, Stanmore, HA72
£1,95001/240.55 miGoodhall Close Stanmore HA72
£1,75002/250.59 mi-2
£3,15004/240.62 mi-2
£3,15003/250.62 mi-2
£1,70012/240.62 mi-2

Local Area Statistics

Population in HA7

35,976

Town centre distance

0.40 miles away

Nearest school

0.40 miles away

Nearest train station

0.21 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-40%

Sales demand

Buyer's market

Capital growth (5yrs)

+18%

Property History

Listed for £375,000

February 12, 2025

Floor Plans

Description

  • Two Bedrooms +
  • Top Floor +
  • Lift +
  • Parking +
  • Two Bathrooms +
  • Two Balconies +

Hamptons are pleased to introduce to the market this spacious penthouse style property. This flat comprises of two bedrooms, a good sized main reception, two balconies, a separate kitchen area, two bathrooms, intercom facility, the flat comes with car park space, modernisation potential throughout, a high amount of storage facility throughout and the apartment block has a lift. The vendor has priced this chain free property extremely sensibly and we would encourage an immediate viewing.

Situation

Norfolk House is conveniently located just 0.2 miles from Stanmore (Jubilee Line) tube station and is the same distance to the many shops, restaurants and cafes on Stanmore Broadway. Property Ref Number: HAM-1067

Agent Details

Hamptons, Stanmore

020 3907 9884

Next Steps?

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