3 Bed Terraced House, Refurb/BRRR, Southall, UB1 2AZ, £450,000

56 Northcote Avenue, Southall, UB1 2AZ - 3 views - 5 days ago

Refurb/BRRR
ROI: 1%
99 m²
+5 photos

ValuationFair Value

Sold Prices£228.4K - £600K
Sold Prices/m²£3.4K/m² - £8.3K/m²

 

 

Square Metres

99 m²
Price/m²£4.5K/m²

Value Estimate

£459,000

 

 

End Value (After Refurb)

£542,632

Uplift in Value

+21%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£36,200

Refurb Costs

£52,255

Bridging Loan Interest

£11,813

Total Cash In

£214,517

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£542,632

Mortgage (After Refinance)

£406,974

Mortgage LTV

75%

Cash Released

£69,474

Cash Left In

£145,043

Equity

£135,658

Rent Range

£2,150 - £2,900

Rent Estimate

£2,478

Running Costs/mo

£2,211

Cashflow/mo

£267

Cashflow/yr

£3,200

ROI

1%

Gross Yield

7%

Local Sold Prices

50 sold prices from £228.4K to £600K, average is £497.5K. £3.4K/m² to £8.3K/m², average is £5.4K/m².

PriceDateDistanceAddressBeds 
£535K06/230.04 mi23, Saxon Road, Southall, Greater London UB1 1QG3
£555K11/220.04 mi31, Saxon Road, Southall, Greater London UB1 1QG3
£440K05/210.1 mi2a, West Avenue, Southall, Greater London UB1 2AW3
£467K10/200.12 mi20, South Avenue, Southall, Greater London UB1 2AH3
£435K05/230.19 mi28, Oswald Road, Southall, Greater London UB1 1HW3
£560K12/220.19 mi16, Abbotts Road, Southall, Greater London UB1 1HT3
£520K08/230.19 mi4, Abbotts Road, Southall, Greater London UB1 1HT3
£513K10/200.2 mi5, Greenford Avenue, Southall, Greater London UB1 2AA3
£515K12/230.21 mi52, Orchard Avenue, Southall, Greater London UB1 1LG3
£465K10/220.21 mi46, Oswald Road, Southall, Greater London UB1 1HW3
£450K12/230.22 mi38, West End Road, Southall, Greater London UB1 1JH3
£350K02/210.25 mi112, St Josephs Drive, Southall, Greater London UB1 1RW3
£477.5K12/200.26 mi27, Orchard Avenue, Southall, Greater London UB1 1LF3
£559K12/230.27 mi4, Ruskin Road, Southall, Greater London UB1 1PE3
£410K02/210.27 mi25, St Josephs Drive, Southall, Greater London UB1 1RL3
£455K11/200.27 mi85, Abbotts Road, Southall, Greater London UB1 1HR3
£555K08/230.31 mi158, St Josephs Drive, Southall, Greater London UB1 1RP3
£507K04/220.32 mi20, Woodlands Road, Southall, Greater London UB1 1EF3
£495K09/230.32 mi41, Evelyn Grove, Southall, Greater London UB1 2BW3
£540K01/230.32 mi23, Evelyn Grove, Southall, Greater London UB1 2BW3
£500K05/230.32 mi105, Oswald Road, Southall, Greater London UB1 1HJ3
£228.4K05/210.36 mi73, Evelyn Grove, Southall, Greater London UB1 2BP3
£490K03/230.36 mi34, Evelyn Grove, Southall, Greater London UB1 2BP3
£490K03/240.37 mi145, Ashford Avenue, Hayes, Greater London UB4 0ND3
£515K09/220.37 mi115, Berwick Avenue, Hayes, Greater London UB4 0NH3
£600K01/230.37 mi40, Beresford Road, Southall, Greater London UB1 1NJ3
£487.5K09/230.38 mi31, Beresford Road, Southall, Greater London UB1 1NJ3
£455K12/200.38 mi89, Berwick Avenue, Hayes, Greater London UB4 0NH3
£487K12/230.39 mi1, Tollgate Drive, Hayes, Greater London UB4 0NP3
£486K01/230.39 mi129, Woodlands Road, Southall, Greater London UB1 1EJ3
£500K04/240.41 mi35, Cranleigh Gardens, Southall, Greater London UB1 2BU3
£510K08/230.42 mi77, Ashford Avenue, Hayes, Greater London UB4 0NB3
£430K03/230.42 mi111, Ashford Avenue, Hayes, Greater London UB4 0NB3
£600K02/230.44 mi19, Burns Avenue, Southall, Greater London UB1 2LP3
£570K08/220.44 mi4, Burns Avenue, Southall, Greater London UB1 2LP3
£320K05/210.44 mi115, Evelyn Grove, Southall, Greater London UB1 2BS3
£490K09/210.44 mi70, Evelyn Grove, Southall, Greater London UB1 2BS3
£510K07/230.44 mi94, Evelyn Grove, Southall, Greater London UB1 2BS3
£430K10/200.45 mi10, Delamere Road, Hayes, Greater London UB4 0NL3
£475K03/230.46 mi2, Lewis Road, Southall, Greater London UB1 1BT3
£510K09/230.49 mi66, Kingsley Avenue, Southall, Greater London UB1 2NB3
£520K11/230.49 mi1, Denbigh Road, Southall, Greater London UB1 2RP3
£450K06/210.5 mi165, North Road, Southall, Greater London UB1 2JY3
£465K06/210.53 mi63, Dormers Avenue, Southall, Greater London UB1 2SS3
£448K12/200.53 mi46, Camden Avenue, Hayes, Greater London UB4 0PW3
£535K01/230.53 mi77, Park Avenue, Southall, Greater London UB1 3AJ3
£530K04/230.54 mi64, Burns Avenue, Southall, Greater London UB1 2LS3
£560K05/210.54 mi79, Burns Avenue, Southall, Greater London UB1 2LS3
£515K04/230.55 mi42, Dormers Avenue, Southall, Greater London UB1 2SR3
£500K11/230.55 mi48, Allendale Avenue, Southall, Greater London UB1 2SN3

Local Rents

16 rents from £2.1K/mo to £2.9K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,20010/240.15 mi-3
£2,20011/240.15 mi-3
£2,60012/240.19 mi-3
£2,30010/240.21 mi-3
£2,15003/250.23 mi-3
£2,50001/240.25 mi-3
£2,65003/250.32 mi-3
£2,20012/240.36 mi-3
£2,20001/250.36 mi-3
£2,80002/250.36 mi-3
£2,49010/240.39 mi-3
£2,90011/240.45 mi-3
£2,90010/240.51 miAccolade Avenue, Southall, UB13
£2,40001/250.53 mi-3
£2,75003/250.57 mi-3
£2,40010/240.61 miWaxlow Crescent, Southall3

Local Area Statistics

Population in UB1

39,848

Population in Southall

72,273

Town centre distance

0.39 miles away

Nearest school

0.20 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £450,000

March 31, 2025

Floor Plans

Description

  • MID TERRACED +
  • IN NEED OF UPDATING +
  • TWO RECEPTIONS +
  • TWO BATHROOMS +
  • KITCHEN +
  • JUST BY SOUTHALL BROADWAY +
  • IDEAL INVESTMENT OR PROJECT +
  • PLENTY OF SCOPE (STPP) +

Nestled on the charming Northcote Avenue in Southall, this terraced house presents a wonderful opportunity for those looking to invest in a property with great potential. Spanning an impressive 931 square feet, the home features two spacious reception rooms, perfect for entertaining guests or enjoying family time. With three well-proportioned bedrooms, there is ample space for a growing family or for those seeking a comfortable living arrangement.

The property boasts two bathrooms, providing convenience and privacy for all occupants. While the house is in need of modernisation, this offers a unique chance for buyers to put their personal touch on the space and create a home that truly reflects their style and preferences.

Situated close to Southall Broadway, residents will benefit from easy access to a variety of shops, restaurants, and local amenities, making daily life both convenient and enjoyable. This location is particularly appealing for investors, as the potential for rental income in this vibrant area is significant.

In summary, this terraced house on Northcote Avenue is a promising investment opportunity, offering a blend of space, potential, and a prime location. With a little vision and effort, this property could be transformed into a stunning home or a lucrative rental asset.

Local Authority: London Borough of Ealing
Council Tax Band: D

Agent Details

Parkfields Estates, Southall

020 3834 8125

Next Steps?

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