2 Bed Flat, Single Let, Wembley, HA0 2PH, £260,000

Gauntlett Court, Wembley, Wembley, HA0 2PH - 2 months ago

Leasehold

Auction

BTL

ROI: 5%

~66 m²

+8 photos

ValuationUndervalued

Sold Prices	£200K - £486K
Sold Prices/m²	£4.1K/m² - £6.2K/m²

Square Metres	~65.84 m²
Price/m²	£3.9K/m²
Value Estimate	£314,600£314,600
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£65,000£65,000
Stamp Duty & Legal Fees	£17,200£17,200
Total Cash In	£82,200£82,200

Cash Out
Rent Range	£1,495 - £4,500£1,495 - £4,500
Rent Estimate	£1,498
Running Costs/mo	£1,132£1,132
Cashflow/mo	£366£366
Cashflow/yr	£4,391£4,391
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

32 sold prices from £200K to £486K, average is £341K. £4.1K/m² to £6.2K/m², average is £5.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£350K	12/22	0.24 mi	11a, Central Road, Wembley, Greater London HA0 2LQ	-	-	2	Flat
£380K	12/22	0.32 mi	11a, District Road, Wembley, Greater London HA0 2LE	£5,672	67	2	Flat
£350K	08/21	0.33 mi	Ground Floor Flat, 22, District Road, Wembley, Greater London HA0 2LD	-	-	2	Flat
£350K	01/21	0.41 mi	64a, Charterhouse Avenue, Wembley, Greater London HA0 3DB	£6,140	57	2	Flat
£338K	05/21	0.42 mi	6, Northolt Gardens, Greenford, Greater London UB6 0LS	£5,902	57	2	Flat
£365K	11/22	0.45 mi	14, Elmwood Court, Wembley, Greater London HA0 2NT	£5,654	65	2	Flat
£200K	01/23	0.47 mi	29, Sudbury Croft, Wembley, Greater London HA0 2QW	-	-	2	Flat
£350K	06/23	0.48 mi	30, Sudbury Croft, Wembley, Greater London HA0 2QW	£5,826	60	2	Flat
£365K	10/23	0.49 mi	26, Fernwood Avenue, Wembley, Greater London HA0 2HF	£6,186	59	2	Flat
£350K	08/23	0.5 mi	27, Thomas A Beckett Close, Wembley, Greater London HA0 2SH	£5,385	65	2	Flat
£362K	10/23	0.51 mi	14, Wakeling Lane, Wembley, Greater London HA0 3HT	£4,892	74	2	Flat
£368K	09/21	0.55 mi	90, Sudbury Court Road, Harrow, Greater London HA1 3SH	-	-	2	Flat
£350K	06/21	0.55 mi	92, Sudbury Court Road, Harrow, Greater London HA1 3SH	£5,833	60	2	Flat
£275K	06/21	0.66 mi	1520, Greenford Road, Greenford, Greater London UB6 0HR	-	-	2	Flat
£290K	03/21	0.7 mi	90, Conifer Way, Wembley, Greater London HA0 3QR	£5,340	54	2	Flat
£307.5K	07/21	0.71 mi	58, Ash Walk, Wembley, Greater London HA0 3QW	-	-	2	Flat
£335K	11/22	0.72 mi	85, Ash Walk, Wembley, Greater London HA0 3QW	£6,204	54	2	Flat
£300K	03/23	0.74 mi	6, Atherton Heights, Wembley, Greater London HA0 1YD	£4,688	64	2	Flat
£275K	10/20	0.8 mi	23, Alliance Close, Wembley, Greater London HA0 2NG	£5,500	50	2	Flat
£300K	03/23	0.8 mi	23, Alliance Close, Wembley, Greater London HA0 2NG	£6,000	50	2	Flat
£351K	11/22	0.8 mi	40, Milford Gardens, Wembley, Greater London HA0 2AS	£5,850	60	2	Flat
£206.5K	12/23	0.81 mi	60, Alliance Close, Wembley, Greater London HA0 2NQ	-	-	2	Flat
£325K	01/23	0.83 mi	16, Milford Gardens, Wembley, Greater London HA0 2AR	-	-	2	Flat
£328K	03/21	0.84 mi	Flat 6, Tristan Court, King George Crescent, Wembley, Greater London HA0 2FJ	-	-	2	Flat
£350K	05/21	0.84 mi	Flat 18, Tristan Court, King George Crescent, Wembley, Greater London HA0 2FJ	-	-	2	Flat
£340K	02/21	0.84 mi	Flat 30, Tristan Court, King George Crescent, Wembley, Greater London HA0 2FJ	-	-	2	Flat
£317K	03/21	0.84 mi	Flat 24, Tristan Court, King George Crescent, Wembley, Greater London HA0 2FJ	-	-	2	Flat
£342K	10/23	0.84 mi	43, Lantern Close, Wembley, Greater London HA0 2JT	-	-	2	Flat
£315K	04/23	0.87 mi	Flat 8, Guinevere Court, King George Crescent, Wembley, Greater London HA0 2FH	-	-	2	Flat
£367.5K	04/23	0.89 mi	111a, Lancelot Road, Wembley, Greater London HA0 2BE	-	-	2	Flat
£486K	06/21	0.91 mi	54, Llanover Road, Wembley, Greater London HA9 7LZ	£4,084	119	2	Flat
£305K	09/21	0.92 mi	125, Clarendon Gardens, Wembley, Greater London HA9 7LF	-	-	2	Flat

Local Rents

24 rents from £1.5K/mo to £4.5K/mo, average is £2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,495	02/25	0.05 mi	-	2	Flat
£2,200	01/25	0.14 mi	-	2	Flat
£2,200	02/25	0.14 mi	-	2	Flat
£1,800	12/24	0.16 mi	-	2	Terraced House
£2,095	02/24	0.19 mi	Williams Way, Wembley, HA0	2	Flat
£1,950	04/24	0.21 mi	Williams Way, Wembley	2	Flat
£2,999	04/24	0.23 mi	-	2	Flat
£3,950	12/24	0.23 mi	-	2	Flat
£3,099	03/25	0.23 mi	-	2	Flat
£1,500	04/25	0.24 mi	-	2	Flat
£1,550	04/24	0.24 mi	Harrow Road Wembley HA0	2	Flat
£4,100	12/24	0.28 mi	-	2	Flat
£1,600	01/25	0.3 mi	-	2	Flat
£1,900	12/24	0.33 mi	-	2	Flat
£2,000	10/24	0.4 mi	-	2	Bungalow
£4,500	04/24	0.4 mi	-	2	Flat
£4,500	01/25	0.4 mi	-	2	Flat
£3,900	04/25	0.4 mi	-	2	Flat
£4,500	02/24	0.4 mi	Watford Road, Wembley, HA0	2	Flat
£1,850	10/24	0.43 mi	Whitton Avenue East, UB6 0QE	2	Flat
£1,875	04/24	0.52 mi	Cornerways, Harrow, HA1	2	Flat
£1,875	12/24	0.52 mi	-	2	Flat
£1,750	02/25	0.57 mi	-	2	Flat
£1,900	04/25	0.62 mi	-	2	Flat

Local Area Statistics

Population in HA0	48,61348,613
Population in Wembley	96,13196,131
Town centre distance	0.94 miles away0.94 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.21 miles away0.21 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+62%+62%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+9%+9%

Property History

Listed for £260,000

February 12, 2025

Floor Plans

Description

Being sold via secure sale online bidding, Terms and Conditions apply. +
Two double bedroom flat +
Permit Parking +
Large reception room +
Communal Gardens +
Balcony +

Nestled in an excellent neighbourhood, this 2-bedroom flat offers a fantastic opportunity for investors. Being sold via secure sale online bidding with terms and conditions in place, this second-floor residence features two spacious double bedrooms, ideal for those seeking a comfortable living space or a lucrative rental investment. Bright and airy, the accommodation comprises a large reception room leading to a delightful balcony, perfect for enjoying morning coffee or evening sunsets. Residents will appreciate the serene communal gardens and convenient permit parking, ensuring a stress-free lifestyle. Situated close to the local high street and within easy reach of Sudbury Town tube station, this property presents a prime location for those seeking both convenience and tranquillity in a bustling urban setting.

Step outside to uncover the hidden gem of this property - the exceptional outdoor space that completes this retreat. The communal gardens offer a peaceful sanctuary amidst the hustle and bustle of city life, providing a perfect spot for relaxation or social gatherings. Whether you are looking to unwind after a long day, this outdoor haven offers endless possibilities. Embrace the green surroundings and revel in the convenience of permit parking, ensuring hassle-free access for both residents and visitors. Discover the perfect blend of urban living and outdoor tranquillity in this charming property, where every detail is thoughtfully designed to enhance your quality of life.

Council Tax Band: C
Tenure: Leasehold
Length Of Lease: 82

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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