4 Bed Semi-Detached House, Planning Permission, Harrow, HA2 9ET, £450,000

1 Merlins Avenue, Harrow, HA2 9ET - 1 views - 18 days ago

Auction
Planning
ROI: 3%
80 m²
+12 photos

ValuationOvervalued

Sold Prices£250K - £915K
Sold Prices/m²£2.3K/m² - £9K/m²

 

 

Square Metres

80 m²
Price/m²£5.6K/m²

Value Estimate

£414,400

 

 

End Value (After Refurb)

£441,667

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£33,700

Refurb Costs

£42,323

Bridging Loan Interest

£11,813

Total Cash In

£202,085

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£441,667

Mortgage (After Refinance)

£331,250

Mortgage LTV

75%

Cash Left In

£202,085

Equity

£110,417

Rent Range

£1,595 - £3,200

Rent Estimate

£2,431

Running Costs/mo

£1,886

Cashflow/mo

£545

Cashflow/yr

£6,535

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £250K to £915K, average is £610K. £2.3K/m² to £9K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£515K10/200 mi35, Merlins Avenue, Harrow, Greater London HA2 9ET4
£660K08/230.06 mi53, Minehead Road, Harrow, Greater London HA2 9DR4
£790K03/210.15 mi3, Tithe Farm Close, Harrow, Greater London HA2 9DP4
£531K03/210.21 mi138, Malvern Avenue, Harrow, Greater London HA2 9EZ4
£675K01/230.28 mi68, Windsor Crescent, Harrow, Greater London HA2 8QW4
£250K06/210.28 mi2, Windsor Crescent, Harrow, Greater London HA2 8QW4
£530K09/230.31 mi78, Ravenswood Crescent, Harrow, Greater London HA2 9JW4
£621K04/230.31 mi313, Eastcote Lane, Harrow, Greater London HA2 8RU4
£445K11/200.31 mi46, Leamington Crescent, Harrow, Greater London HA2 9HQ4
£580K05/230.32 mi93, Tregenna Avenue, Harrow, Greater London HA2 8QP4
£550K02/210.33 mi11, Corfe Avenue, Harrow, Greater London HA2 8TA4
£615K04/210.34 mi131, Alexandra Avenue, Harrow, Greater London HA2 8PX4
£525K11/200.35 mi61, Drake Road, Harrow, Greater London HA2 9DZ4
£560K11/200.37 mi54, Lucas Avenue, Harrow, Greater London HA2 9UJ4
£500K10/200.37 mi60, Lucas Avenue, Harrow, Greater London HA2 9UJ4
£625K07/230.38 mi210, Kings Road, Harrow, Greater London HA2 9JP4
£615K03/230.39 mi9, Newquay Crescent, Harrow, Greater London HA2 9LH4
£700K11/220.4 mi254, Malvern Avenue, Harrow, Greater London HA2 9HE4
£640K07/230.44 mi105, Exeter Road, Harrow, Greater London HA2 9PQ4
£650K11/220.44 mi153, Lynton Road, Harrow, Greater London HA2 9NH4
£615K10/230.45 mi41, Carlyon Avenue, Harrow, Greater London HA2 8ST4
£536K04/210.47 mi709, Field End Road, Ruislip, Greater London HA4 0RH4
£580K06/210.47 mi715, Field End Road, Ruislip, Greater London HA4 0RH4
£518K04/210.5 mi642, Field End Road, Ruislip, Greater London HA4 0QR4
£625K02/210.53 mi234, Torbay Road, Harrow, Greater London HA2 9QL4
£645K06/210.54 mi239, Rayners Lane, Harrow, Greater London HA2 9TX4
£647.5K12/220.55 mi124, Jubilee Drive, Ruislip, Greater London HA4 0PU4
£530K10/200.56 mi221, Torbay Road, Harrow, Greater London HA2 9QE4
£620K10/230.56 mi47, Torrington Drive, Harrow, Greater London HA2 8ND4
£617K04/210.58 mi106, Jubilee Drive, Ruislip, Greater London HA4 0PU4
£550K01/210.59 mi37, Beechwood Avenue, Harrow, Greater London HA2 8BY4
£475K06/210.59 mi1, Paddock Road, Ruislip, Greater London HA4 0QT4
£696.2K08/230.59 mi202, Waverley Road, Harrow, Greater London HA2 9RE4
£620K03/230.6 mi24, Somervell Road, Harrow, Greater London HA2 8TU4
£583K03/230.61 mi210, Somervell Road, Harrow, Greater London HA2 8TS4
£610K09/230.61 mi197, Somervell Road, Harrow, Greater London HA2 8UA4
£600K06/210.62 mi91, Royal Crescent, Ruislip, Greater London HA4 0PL4
£861.5K10/210.65 mi26, High Worple, Harrow, Greater London HA2 9SU4
£610K05/210.67 mi261, Long Drive, Ruislip, Greater London HA4 0HT4
£705K06/230.68 mi184, The Fairway, Ruislip, Greater London HA4 0SL4
£915K06/230.68 mi194, The Fairway, Ruislip, Greater London HA4 0SL4
£570K06/210.69 mi393, Torbay Road, Harrow, Greater London HA2 9QB4
£625K03/210.7 mi61, High Worple, Harrow, Greater London HA2 9SX4
£493K05/210.7 mi69, The Heights, Northolt, Greater London UB5 4BP4
£610K08/230.7 mi66, The Heights, Northolt, Greater London UB5 4BP4
£800K11/220.7 mi399, Torbay Road, Harrow, Greater London HA2 9QB4
£610K03/210.71 mi38, Chatsworth Gardens, Harrow, Greater London HA2 0RT4
£530K04/210.72 mi54, Brackenbridge Drive, Ruislip, Greater London HA4 0LZ4
£590K03/210.72 mi56, Brackenbridge Drive, Ruislip, Greater London HA4 0LZ4
£780K04/230.72 mi8, Waverley Road, Harrow, Greater London HA2 9RB4

Local Rents

51 rents from £1.6K/mo to £3.2K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,20001/250.08 mi-3
£2,60004/240.11 mi-3
£2,30002/240.17 miKings Road, Harrow3
£2,70004/240.19 miRavenswood Crescent, Harrow, Greater London, HA24
£2,80002/250.2 mi-4
£2,50012/240.22 mi-4
£2,70004/240.22 mi-4
£2,60012/240.22 mi-4
£2,25004/240.23 mi-3
£2,30004/240.24 mi-3
£2,30004/240.24 mi-3
£2,45004/250.24 mi-3
£2,25004/240.26 miLeamington Crescent, Harrow3
£3,00012/240.26 mi-5
£1,82512/240.28 mi-3
£1,70012/240.28 mi-3
£2,20004/240.28 mi-3
£2,20012/240.28 mi-3
£2,50012/240.28 mi-4
£2,37503/250.3 mi-4
£2,70003/250.32 mi-4
£2,50002/240.32 mi-3
£3,20004/240.33 mi-4
£2,20012/240.34 mi-3
£2,00002/250.34 mi-3
£2,30002/240.35 mi-3
£2,80002/250.35 mi-4
£2,80004/250.35 mi-4
£2,80003/250.35 mi-4
£2,80003/250.35 mi-4
£2,80004/250.35 mi-4
£2,80004/250.35 mi-4
£2,80004/250.35 mi-4
£2,50004/240.36 mi-3
£2,30003/250.36 mi-3
£2,25003/250.37 mi-3
£2,75003/250.37 mi-3
£2,20004/240.37 miMalvern Avenue, Harrow, HA23
£2,90004/250.38 mi-3
£2,40003/250.38 mi-3
£2,35012/240.38 mi-3
£1,99512/240.39 mi-3
£1,59512/240.39 mi-3
£1,99504/250.39 mi-3
£3,20002/250.39 mi-5
£2,30003/250.39 mi-3
£2,75002/250.41 mi-3
£2,00003/250.41 mi-3
£2,15004/250.41 mi-3
£2,10004/250.41 mi-3
£2,30002/250.41 mi-3

Local Area Statistics

Population in HA2

55,273

Population in Harrow

164,559

Town centre distance

2.20 miles away

Nearest school

0.10 miles away

Nearest train station

0.70 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Buyer's market

Capital growth (5yrs)

+25%

Property History

Listed for £450,000

March 25, 2025

Description

  • Of interest to developers and investors +
  • Two storey semi-detached building +
  • Part converted to provide 2 x 2 bedroom flats +
  • Planning permission granted in 2022 for conversion +
  • Development Includes side and rear additions +
  • By order of the LPA Receivers +
  • Vacant +

StrapLine Auction Sale - 08/04/2025
Of interest to developers and investors. A two storey semi-detached building, part converted to provide 2 x 2 bedroom flats to include side and rear additions. Development opportunity. Vacant

Location Situated to the east side of Merlin Avenue, close to the junction with Malvern Avenue. A well established residential area, convenient to the local amenities on Northolt Road. Further amenities can be found at Harrow-on-the-Hill approximately, 2 miles to the north. Both Rayners Lane and South Harrow Underground Stations are within reach.

Transport Rayners Lane and South Harrow Stations - Underground, Piccadilly Line

Accommodation The property is part converted, the proposed accommodation as per the planning permission is : Ground floor flat - Two bedrooms, Open plan kitchen / dining room, Living room, Bathroom/wc. First floor flat - Two bedrooms, Reception room, Kitchen, Bathroom/wc. Each flat has its own section of rear garden.

Planning Planning permission has been granted by Harrow Council, for the conversion of a dwellinghouse into two flats (2 x 2 Bed); with a single storey front extension incorporating front porch, single and two storey side to rear extension; and single storey rear extension. Refuse storage; Associated landscaping; Separate amenity space Planning reference P/1330/22, granted 20/04/2022

Agent Details

Savills Auctions, London

020 3909 6715

Next Steps?

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