2 Bed Flat, Single Let, Harrow, HA2 9BZ, £325,000

Merlins Court, Alexandra Avenue, Harrow, HA2 9BZ - 20 days ago

Leasehold
BTL
ROI: 1%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£185K - £390K
Sold Prices/m²£3.5K/m² - £8.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.8K/m²

Value Estimate

£348,348
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Total Cash In

£102,450

 

 

Cash Out

 

Rent Range

£1,350 - £2,400

Rent Estimate

£1,390

Running Costs/mo

£1,314

Cashflow/mo

£76

Cashflow/yr

£917

ROI

1%

Gross Yield

5%

Local Sold Prices

47 sold prices from £185K to £390K, average is £315K. £3.5K/m² to £8.9K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£280K10/200.03 mi14, Jasmine Gardens, Harrow, Greater London HA2 9DE2
£295K11/210.04 mi29, Jasmine Gardens, Harrow, Greater London HA2 9DE2
£285K01/210.13 mi299b, Alexandra Avenue, Harrow, Greater London HA2 9DX2
£286K05/210.15 mi326a, Alexandra Avenue, Harrow, Greater London HA2 9DB2
£275K06/210.21 mi34, Rowe Walk, Harrow, Greater London HA2 9AB2
£325K03/210.21 mi15, Rowe Walk, Harrow, Greater London HA2 9AB2
£350K11/220.24 mi17, Rowe Walk, Harrow, Greater London HA2 9AB2
£333K08/230.27 mi168, Alexandra Avenue, Harrow, Greater London HA2 8PY2
£330K10/220.33 mi28, Alexandra Close, Harrow, Greater London HA2 8QA2
£240K06/210.4 mi395a, Alexandra Avenue, Harrow, Greater London HA2 9EF2
£355K11/220.42 mi14, Fentiman Way, Harrow, Greater London HA2 8FD2
£328.5K07/230.44 mi2, Fentiman Way, Harrow, Greater London HA2 8FD2
£310K03/230.44 mi9, Fentiman Way, Harrow, Greater London HA2 8FD2
£285K10/200.61 mi30, Ivy Close, Harrow, Greater London HA2 8RX2
£305K02/210.62 mi45, Ivy Close, Harrow, Greater London HA2 8RX2
£315K11/200.62 mi60, Beechcroft Avenue, Harrow, Greater London HA2 7JF2
£185K01/230.62 mi349b, Eastcote Lane, Harrow, Greater London HA2 8RY2
£325K02/230.66 mi12, Alexandra Avenue, Harrow, Greater London HA2 8PG2
£355K04/230.68 mi219, Shaftesbury Avenue, South Harrow, Harrow, Greater London HA2 0AN2
£310K03/210.68 mi237, Shaftesbury Avenue, South Harrow, Harrow, Greater London HA2 0AN2
£325K03/230.69 mi18, Parkfield Road, Harrow, Greater London HA2 8LB2
£325K04/230.69 mi26a, Kenilworth Avenue, Harrow, Greater London HA2 8SA2
£372K06/230.7 mi117, Shaftesbury Avenue, South Harrow, Harrow, Greater London HA2 0PP2
£235K02/230.7 mi142, Shaftesbury Avenue, South Harrow, Harrow, Greater London HA2 0AW2
£295K06/210.71 mi127a, Kingsley Road, Harrow, Greater London HA2 8LF2
£340K01/230.75 mi661, Field End Road, Ruislip, Greater London HA4 0RG2
£325K11/210.78 mi7, Dorchester Close, Northolt, Greater London UB5 4PE2
£340K05/230.78 mi8, Dorchester Close, Northolt, Greater London UB5 4PE2
£320K02/210.79 mi39, Dorchester Road, Northolt, Greater London UB5 4PB2
£256K12/200.8 mi72, Cowen Avenue, Harrow, Greater London HA2 0LU2
£256K12/200.8 mi72, Cowen Avenue, Harrow, Greater London HA2 0LU2
£260K04/210.8 mi73, Wincanton Crescent, Northolt, Greater London UB5 4HQ2
£342.5K12/220.87 mi227, The Ridgeway, North Harrow, Harrow, Greater London HA2 7DA2
£330K04/230.91 mi214, Long Drive, Ruislip, Greater London HA4 0HY2
£335K06/230.93 mi85, Petts Hill, Northolt, Greater London UB5 4NS2
£390K12/210.96 mi130, Butler Road, Harrow, Greater London HA1 4DX2
£290K05/210.96 mi837, Victoria Road, Ruislip, Greater London HA4 0JJ2
£285K05/210.96 mi843, Victoria Road, Ruislip, Greater London HA4 0JJ2
£305K11/200.96 mi845a, Victoria Road, Ruislip, Greater London HA4 0JJ2
£305K11/200.96 mi845a, Victoria Road, Ruislip, Greater London HA4 0JJ2
£330K02/230.96 mi11, Lance Road, Harrow, Greater London HA1 4BL2
£330K03/230.96 mi36, Imperial Close, Harrow, Greater London HA2 7LN2
£296K03/210.97 mi24, Lower Road, Harrow, Greater London HA2 0DA2
£355.7K09/230.97 mi27, Ashbourne Avenue, Harrow, Greater London HA2 0JS2
£335K03/210.98 mi3, Newmarket Avenue, Northolt, Greater London UB5 4HB2
£305K10/200.98 mi33a, Diamond Road, Ruislip, Greater London HA4 0PD2
£312K02/210.98 mi51, Diamond Road, Ruislip, Greater London HA4 0PD2

Local Rents

50 rents from £1.4K/mo to £2.4K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,62512/240.04 mi-2
£1,79504/240.07 miAlexandra Avneue, Harrow, HA22
£1,79512/240.07 mi-2
£1,60012/240.13 mi-2
£1,85004/240.15 miAbbots Drive, Harrow, HA22
£1,65004/240.17 miPriest Park Avenue, Harrow2
£1,37504/240.19 miAlexandra Avenue, Harrow, Middlesex, HA22
£1,85012/240.21 mi-2
£1,80012/240.21 mi-2
£1,80001/250.21 mi-2
£1,85001/250.21 mi-2
£1,75003/250.21 mi-2
£1,85004/240.22 miLucas Court, Alexandra Avenue, Harrow, HA22
£1,70004/240.24 mi-2
£1,80004/240.24 mi-2
£1,90004/240.26 miHarrow, London, HA22
£1,85012/240.27 mi-2
£1,60012/240.28 mi-2
£1,75004/240.28 miAlexandra Avenue Harrow HA22
£1,80012/240.3 mi-2
£1,80004/240.3 miTithe Court, Harrow, HA22
£1,55004/240.31 mi-2
£1,75003/250.31 mi-2
£2,10012/240.31 mi-2
£2,00004/250.31 mi-2
£2,20012/240.34 mi-2
£1,99501/250.34 mi-2
£2,00003/250.34 mi-2
£1,70004/240.34 mi-2
£1,35002/240.35 mi-2
£2,30004/240.36 mi-2
£2,20012/240.36 mi-2
£1,70002/250.36 mi-2
£2,00012/240.39 mi-2
£2,00012/240.39 mi-2
£2,35012/240.39 mi-2
£2,30012/240.39 mi-2
£2,20012/240.39 mi-2
£1,80012/240.41 mi-2
£1,80004/250.41 mi-2
£2,40003/250.43 mi-2
£2,10003/250.43 mi-2
£1,75004/240.43 miStuart Avenue, Harrow HA2 9BB2
£1,84502/250.44 mi-2
£1,55004/240.47 miCorbins Lane, South Harrow, HA2 8EN2
£1,82512/240.48 mi-2
£1,39512/240.51 mi-2
£1,80001/240.52 miHarrow2
£1,75001/250.52 mi-2
£1,65004/240.53 miLeamington Crescent, Harrow, Greater London, HA22

Local Area Statistics

Population in HA2

55,273

Population in Harrow

164,559

Town centre distance

1.98 miles away

Nearest school

0.10 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Buyer's market

Capital growth (5yrs)

+25%

Property History

Listed for £325,000

March 13, 2025

Floor Plans

Description

This beautifully refurbished 2-bedroom first-floor flat is situated in a highly desirable location, equidistant from both Rayners Lane and South Harrow Underground stations. The property offers a spacious layout, including a hallway with a storage cupboard, a bright and airy living room, two well-sized bedrooms, a fully fitted kitchen, and a modern bathroom. The flat also benefits from a long lease with 117 years remaining. Service charge is £600.00 per quarter. Perfect for a first-time buyer or an investor seeking a property with excellent potential. Chain free and a viewing is advised!

Agent Details

Major Estates, Harrow

020 3909 9643

Next Steps?

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