2 Bed Flat, Single Let, Stanmore, HA7 4UG, £250,000

Elizabeth Gardens, Stanmore, London, HA7 4UG - 1 views - 2 months ago

Sold STC
Leasehold
Auction
BTL
ROI: 4%
~68 m²
+8 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£302,500
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£71,200

 

 

Cash Out

 

Rent Range

£1,200 - £2,300

Rent Estimate

£1,313

Running Costs/mo

£1,064

Cashflow/mo

£249

Cashflow/yr

£2,990

ROI

4%

Gross Yield

6%

Local Sold Prices

51 sold prices from £119K to £820K, average is £400K. £1.7K/m² to £11.6K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£355K06/230.07 mi32, Elizabeth Gardens, Stanmore, Greater London HA7 4UG2
£340K11/200.09 mi33, Talman Grove, Stanmore, Greater London HA7 4UH2
£380K03/230.12 miFlat 3, The Briars, Merryfield Gardens, Stanmore, Greater London HA7 4TG2
£352K03/210.13 mi116, Beatty Road, Stanmore, Greater London HA7 4EQ2
£119K12/220.14 mi3, Malcolm Court, Stanmore, Greater London HA7 4HN2
£395K12/200.14 mi5, Malcolm Court, Stanmore, Greater London HA7 4HN2
£417.5K02/210.14 mi10, Malcolm Court, Stanmore, Greater London HA7 4HN2
£380K05/210.16 mi14, Bernays Close, Stanmore, Greater London HA7 4BA2
£420K11/220.16 mi5, Goodwood Close, Stanmore, Greater London HA7 4HX2
£485K08/230.16 mi2, Goodwood Close, Stanmore, Greater London HA7 4HX2
£485K08/230.16 mi2, Goodwood Close, Stanmore, Greater London HA7 4HX2
£325K01/210.16 mi9, Bernays Close, Stanmore, Greater London HA7 4BA2
£371K04/210.16 mi6, Bernays Close, Stanmore, Greater London HA7 4BA2
£400K11/200.31 mi31, Copley Road, Stanmore, Greater London HA7 4PF2
£401K04/210.31 mi23, Copley Road, Stanmore, Greater London HA7 4PF2
£400K10/210.31 mi32, Copley Road, Stanmore, Greater London HA7 4PF2
£420K03/230.31 mi9, Lindeth Close, Stanmore, Greater London HA7 2RQ2
£820K06/210.33 mi14, Cherry Tree Way, Stanmore, Greater London HA7 2QT2
£560K11/200.35 mi31, Oak Lodge Close, Stanmore, Greater London HA7 4QB2
£560K09/230.35 mi10, Oak Lodge Close, Stanmore, Greater London HA7 4QB2
£555K11/210.36 mi9, Oak Lodge Close, Stanmore, Greater London HA7 4QB2
£370K04/230.37 miFlat 11, Fountain House, Church Road, Stanmore, Greater London HA7 4DF2
£385K05/230.37 miFlat 10, Fountain House, Church Road, Stanmore, Greater London HA7 4DF2
£385K05/230.37 miFlat 10, Fountain House, Church Road, Stanmore, Greater London HA7 4DF2
£250K03/230.37 mi16, Dennis Gardens, Stanmore, Greater London HA7 4JG2
£424K12/220.37 mi3, Rectory Close, Stanmore, Greater London HA7 2QY2
£410K04/210.38 miFlat 5, Belmont Lodge, London Road, Stanmore, Greater London HA7 4NG2
£450K02/210.43 mi29, Laburnum Court, Stanmore, Greater London HA7 4JP2
£450K02/210.43 mi6, Laburnum Court, Stanmore, Greater London HA7 4JP2
£343K10/220.44 mi5, Rainsford Close, Stanmore, Greater London HA7 3DJ2
£480K06/210.48 mi39, Lady Aylesford Avenue, Stanmore, Greater London HA7 4FG2
£510K03/230.5 mi23, Gleneagles, Stanmore, Greater London HA7 3QG2
£480K03/210.54 mi1, Stangate Gardens, Stanmore, Greater London HA7 3BL2
£156K09/210.58 mi3, Hewett Close, Stanmore, Greater London HA7 3BW2
£600K12/230.65 miFlat 5, Riverine Lodge, Old Lodge Way, Stanmore, Greater London HA7 3BE2
£355K12/200.68 mi19, Culverlands Close, Stanmore, Greater London HA7 3AG2
£375K04/230.76 miFlat 2, Regents Court, Stonegrove, Edgware, Greater London HA8 8AD2
£388K09/210.81 mi10a, Kenneth Gardens, Stanmore, Greater London HA7 3SD2
£425K10/220.81 mi16, Vernon Court, Stanmore, Greater London HA7 2BN2
£410K06/210.82 mi180a, Whitchurch Lane, Edgware, Greater London HA8 6QJ2
£400K03/210.83 mi11, Windermere Hall, Edgware, Greater London HA8 7SZ2
£322K06/210.83 miFlat 5, Ailantus Court, Stonegrove, Edgware, Greater London HA8 8AA2
£280K06/210.84 miFlat 5, Glentworth Court, Stonegrove, Edgware, Greater London HA8 7UE2
£287.5K05/230.91 miFlat 26, Orchard Court, Stonegrove, Edgware, Greater London HA8 7SX2
£325K08/230.91 miFlat 19, Orchard Court, Stonegrove, Edgware, Greater London HA8 7SX2
£375K06/210.92 mi5, Ashbrook, Edgware, Greater London HA8 7SU2
£675K06/210.94 miFlat 8, Wellington House, Aylmer Drive, Stanmore, Greater London HA7 3ES2
£720K02/230.94 miFlat 7, Wellington House, Aylmer Drive, Stanmore, Greater London HA7 3ES2
£335K06/210.94 mi145, Whitchurch Lane, Edgware, Greater London HA8 6NZ2
£330K06/210.98 mi9, Winton Gardens, Edgware, Greater London HA8 6QP2
£457.5K06/211 mi27, Lodge Close, Edgware, Greater London HA8 7RL2

Local Rents

31 rents from £1.2K/mo to £2.3K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£2,00001/250.17 mi-2
£1,80002/240.19 miAlbemarle Park, Stanmore, HA72
£1,50004/240.2 miStanmore, Harrow, HA72
£1,95004/240.26 miClaire Gardens Stanmore HA72
£1,65004/240.31 miLindeth Close, (PK408), Stanmore, HA72
£1,65012/240.31 miLindeth Close, (PK408), Stanmore, HA72
£1,55002/250.32 mi-2
£2,10004/240.34 miHeywood Court, 135 London Road, Stanmore, HA72
£1,75003/250.35 mi-2
£2,20001/250.39 mi-2
£2,20001/250.39 mi-2
£2,00002/250.39 mi-2
£2,20004/240.43 mi-2
£2,00002/240.43 mi-2
£2,30004/240.43 mi-2
£2,20004/250.43 mi-2
£1,95003/240.47 miMorecambe Gardens, Stanmore, HA72
£1,85004/240.5 miGleneagles, Stanmore, HA72
£1,90003/240.5 miGleneagles, Gordon Avenue, Stanmore, HA72
£1,90004/240.51 miStanmore, Harrow, HA72
£1,20012/240.53 mi-2
£1,95001/240.54 miGoodhall Close Stanmore HA72
£2,17504/240.54 mi-2
£2,00004/240.56 miHoneypot Lane, Stanmore, HA72
£1,75002/250.57 mi-2
£1,84204/240.58 miHalsbury Close, Stanmore, HA72
£1,60004/240.58 miCanons Park Close, EDGWARE, HA82
£1,90004/240.59 miBramble Close, Stanmore2
£1,80002/250.6 mi-2
£2,00004/240.61 mi-2
£2,00004/240.62 miHonister Gardens, Stanmore, HA72

Local Area Statistics

Population in HA7

35,976

Town centre distance

0.35 miles away

Nearest school

0.40 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-40%

Sales demand

Buyer's market

Capital growth (5yrs)

+18%

Property History

Listed for £250,000

February 17, 2025

Floor Plans

Description

  • Being Sold via Secure Sale online bidding. Terms and Conditions apply. +
  • TWO BEDROOMS +
  • ALLOCATED COVERED PARKING +
  • CLOSE TO STANMORE STATION +
  • PHOTOS WERE TAKEN BEFORE TENANCY +
  • CHAIN FREE +

Situated conveniently for access to Stanmore station and the shops and restaurants on The Broadway, this first floor two bedroom purpose built flat is now offered for sale with no onward chain and also offers an allocated covered parking space.

As of December 2024 the current unexpired lease term is 91 years 5 months.

Although this property is being offered for sale by auction, you can still arrange finance/mortgage to make the purchase.

PHOTOS WERE TAKEN PRIOR TO THE TENANCY

Council Tax Band: D
Tenure: Leasehold
Length Of Lease: 91
Annual Ground Rent Amount: £25.00
Annual Service Charge Amount: £2,040.00

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 💪