2 Bed Flat, Refurb/BRRR, London, W9 3HH, £500,000

Croxley Road, W9 3HH - 3 views - a month ago

Refurb/BRRR
ROI: 1%
~68 m²
+11 photos

ValuationFair Value

Sold Prices£315K - £1.1M
Sold Prices/m²£5K/m² - £12.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£7.3K/m²

Value Estimate

£500,000

 

 

End Value (After Refurb)

£562,401

Uplift in Value

+12%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£36,043

Bridging Loan Interest

£13,125

Total Cash In

£204,618

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£562,401

Mortgage (After Refinance)

£421,800

Mortgage LTV

75%

Cash Released

£46,800

Cash Left In

£157,817

Equity

£140,600

Rent Range

£1,700 - £3,950

Rent Estimate

£2,501

Running Costs/mo

£2,278

Cashflow/mo

£223

Cashflow/yr

£2,680

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £315K to £1.1M, average is £570.2K. £5K/m² to £12.7K/m², average is £8.5K/m².

PriceDateDistanceAddressBeds 
£610K03/230.01 mi25c, Croxley Road, London, Greater London W9 3HH2
£510K06/210.02 miFirst Floor Flat, 14, Croxley Road, London, Greater London W9 3HL2
£525K02/230.08 miFirst Floor Flat, 33, Denholme Road, London, Greater London W9 3HT2
£535K09/230.11 mi186b, Shirland Road, London, Greater London W9 3JF2
£670K06/210.11 mi101a, Malvern Road, London, Greater London NW6 5PU2
£500K11/210.11 mi91c, Malvern Road, London, Greater London NW6 5PU2
£455K10/230.11 miFlat B, 71, Malvern Road, London, Greater London NW6 5PU2
£542K06/210.11 miFlat B, 135, Ashmore Road, London, Greater London W9 3DA2
£505K03/210.13 mi29, Riverton Close, London, Greater London W9 3DS2
£750K09/230.13 miSecond Floor Flat, 151, Saltram Crescent, Maida Vale, London, Greater London W9 3JT2
£800K10/200.15 mi3b, Lydford Road, London, Greater London W9 3LU2
£481K01/240.15 miFlat A, 110, Ashmore Road, London, Greater London W9 3DQ2
£481K01/240.15 miFlat A, 110, Ashmore Road, London, Greater London W9 3DQ2
£485K07/230.16 miFirst Floor Flat, 141, Fernhead Road, London, Greater London W9 3ED2
£525K10/210.17 mi88a, Walterton Road, London, Greater London W9 3PQ2
£597.3K08/240.19 mi163, Second Floor Flat, Saltram Crescent, Maida Vale, London, Greater London W9 3JU2
£512.5K06/210.21 mi12a, Mozart Street, London, Greater London W10 4LA2
£315K05/210.21 miThird Floor Flat, 75, Bravington Road, London, Greater London W9 3AA2
£610K03/210.21 mi67a, Bravington Road, London, Greater London W9 3AA2
£650K11/200.21 miGround Floor Flat, 179, Ashmore Road, London, Greater London W9 3DB2
£421K11/200.21 mi2, Portgate Close, London, Greater London W9 3DL2
£465K11/210.21 mi12, Portgate Close, London, Greater London W9 3DL2
£550K04/210.21 mi76a, Ashmore Road, London, Greater London W9 3DG2
£410K03/210.21 mi76b - 76c, Ashmore Road, London, Greater London W9 3DG2
£565K12/200.21 mi43c, Barnsdale Road, London, Greater London W9 3LL2
£457K10/200.23 mi181b, Shirland Road, London, Greater London W9 2EU2
£495K04/230.24 miFirst Floor Flat, 249, Portnall Road, London, Greater London W9 3BL2
£800K02/240.26 miEssendine Mansions, Flat 54, Essendine Road, London, Greater London W9 2LY2
£532K03/210.27 miRaised Ground Floor Flat, 19, Lanhill Road, London, Greater London W9 2BS2
£575.5K05/230.3 miFlat 75, Southwold Mansions, Widley Road, London, Greater London W9 2LF2
£757.5K03/210.3 miFlat 88, Wymering Mansions, Wymering Road, London, Greater London W9 2NE2
£785K08/230.3 miFlat 89, Wymering Mansions, Wymering Road, London, Greater London W9 2NE2
£617.5K05/210.31 miFirst Floor Flat, 69, Elgin Avenue, London, Greater London W9 2DB2
£645K03/210.31 mi159a, Shirland Road, London, Greater London W9 2EP2
£505K01/210.31 miFlat 21, Marble House, Elgin Avenue, London, Greater London W9 3PS2
£840K06/230.32 miFlat 164, Wymering Mansions, Wymering Road, London, Greater London W9 2NG2
£624K06/210.33 miFlat 3, Cleveland Mansions, Widley Road, London, Greater London W9 2LA2
£700K08/230.33 miFlat 6, Cleveland Mansions, Widley Road, London, Greater London W9 2LA2
£670K09/230.33 miFlat 31, Southwold Mansions, Widley Road, London, Greater London W9 2LE2
£895K08/230.33 miFlat 66, Wymering Mansions, Wymering Road, London, Greater London W9 2ND2
£535K09/230.34 miFlat 26, Franklin House, Carlton Vale, London, Greater London NW6 5BZ2
£510K01/210.34 mi47a, Princess Road, London, Greater London NW6 5QT2
£1.1M01/210.35 miFlat 54, Morshead Mansions, Morshead Road, London, Greater London W9 1LF2
£720K01/230.35 miFlat 3, Southwold Mansions, Widley Road, London, Greater London W9 2LE2
£780K02/210.35 miFlat 31, Wymering Mansions, Wymering Road, London, Greater London W9 2NB2
£1.1M11/230.35 mi99e, Elgin Avenue, London, Greater London W9 2NP2
£595K07/230.36 mi64a, Fermoy Road, London, Greater London W9 3NJ2
£980K06/230.37 miFlat 10, Morshead Mansions, Morshead Road, London, Greater London W9 1LE2
£390K03/210.37 miFlat 17, Chesney Court, Shirland Road, London, Greater London W9 2EG2
£700K07/230.37 miFirst Floor Flat, 117, Elgin Avenue, London, Greater London W9 2NR2

Local Rents

50 rents from £1.7K/mo to £4K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,85003/250.02 mi-2
£2,50010/240.02 mi-2
£2,20010/240.02 miCroxley Road London W92
£2,25010/240.03 miCroxley Road, Maida Vale2
£2,40010/240.03 mi-2
£2,20010/240.05 miCroxley Road, London, W92
£3,20003/250.05 mi-2
£2,20002/240.05 mi-2
£2,95010/240.05 mi-2
£1,95010/240.05 miFernhead Road Maida Vale W92
£2,00010/240.07 mi-2
£2,00003/250.07 mi-2
£2,10010/240.08 mi-2
£2,20110/240.08 miDenholme Road, London, W92
£2,45010/240.08 mi-2
£3,50010/240.08 mi-2
£2,95501/250.08 mi-2
£2,95502/250.08 mi-2
£3,00010/240.08 mi-2
£2,30010/240.09 mi-2
£1,95002/250.09 mi-2
£3,00002/250.09 mi-2
£2,10010/240.1 miFernhead Road, London, W92
£2,10010/240.1 mi-2
£2,00010/240.1 mi-2
£1,70010/240.1 mi-2
£2,50010/240.1 mi-2
£2,00010/240.1 miFernhead Road, W9 3EL2
£2,00010/240.1 miFernhead Road, W92
£2,38406/240.1 miMalvern Road, Maida Hill, London, NW62
£2,50011/240.11 mi-2
£3,25002/250.11 mi-2
£2,34010/240.11 miFernhead Road, London, W9 3EL2
£2,25010/240.11 mi-2
£2,34910/240.12 miAshmore Road, Maida Vale2
£2,25007/240.12 miMalvern Road, London2
£2,34907/240.12 miMalvern Road, Kilburn Park, NW62
£2,34907/240.12 miMalvern Road, Kilburn Park, NW62
£2,38308/240.12 miMalvern Road, Maida Vale, NW62
£1,85007/240.12 miMalvern Road, Queens Park NW62
£2,25010/240.13 mi-2
£2,70002/250.13 mi-2
£3,19511/240.13 mi-2
£2,60008/240.13 miMalvern Road, Maida Hill, London, NW62
£2,60008/240.13 miMalvern Road, Maida Hill, London, NW62
£2,90010/240.14 mi-2
£2,10008/240.14 miMalvern Road, West Kilburn, London2
£3,00006/240.14 mi-2
£2,45012/240.14 mi-2
£3,95010/240.14 mi-2

Local Area Statistics

Population in W9

37,724

Population in London

4,771,921

Town centre distance

4.06 miles away

Nearest school

0.10 miles away

Nearest train station

0.41 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Buyer's market

Capital growth (5yrs)

+12%

Property History

Listed for £500,000

February 23, 2025

Floor Plans

Description

  • Please contact Loporto Browne Residential to arrange a viewing at your earliest convenience +
  • GUIDE PRICE £500,000 to £550,000 +
  • Situated on the top floor of a Victorian conversion +
  • An exciting renovation opportunity +
  • Spacious layout and period features +
  • Nestled between the sought-after areas of Maida Vale, Queen’s Park, and North Kensington +
  • Strong transport links with easy access to Queen’s Park and Westbourne Park Tube stations +
  • Sunday farmers’ market in Queen's Park +
  • Queen's Park a short stroll away +
  • Offers a blank canvas in this sought-after location +

This two-bedroom home, situated on the top floor of a Victorian conversion on Croxley Road, presents an exciting renovation opportunity. With its spacious layout and period features, it offers a blank canvas to create a home tailored to your personal taste. Nestled between the sought-after areas of Maida Vale, Queen’s Park, and North Kensington, the property is surrounded by an abundance of amenities. In Maida Vale, enjoy the lively pub fare at The Elgin or authentic French dishes at Paulette. For evening drinks, The Hero pub is a local favourite. Queen’s Park enhances the lifestyle appeal with its mix of independent shops, cafes, and dining options. Highlights include the popular Sunday farmers’ market, small plates at Milk Beach, and the family-friendly Queen’s Park with its green spaces and tennis courts. Outdoor enthusiasts will appreciate nearby Paddington Recreation Ground, which offers parks, sports facilities, and playgrounds. The picturesque canal paths of Little Venice are ideal for walking, jogging, or cycling, and fitness enthusiasts can visit local gyms and studios like HotPod Yoga just off Harrow Road. Maida Hill is also considered an excellent investment area, thanks to the significant regeneration of Carlton Vale, a 15-year project which is half-way to completion, designated by the local government as a growth zone. Golborne Road, just a 20-minute walk away, is famous for its weekend market, vintage and antique stores, and diverse food scene, heavily influenced by North African and Portuguese flavors. Croxley Road benefits from strong transport links, with Queen’s Park (Bakerloo and Overground Lines) and Westbourne Park (Hammersmith & City and Circle Lines) stations nearby, ensuring easy access to Central London. Combining period charm, a prime location, and exciting potential to add value, this property is not to be missed. Please contact Loporto Browne Residential to arrange a viewing at your earliest convenience. GUIDE PRICE £500,000 to £550,000

Agent Details

Loporto Browne Residential, London

020 3657 3364

Next Steps?

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