3 Bed Terraced House, Refurb/BRRR, Harrow, HA1 4BH, £495,000

Merivale Road, Harrow, HA1 4BH - 4 views - 10 days ago

Refurb/BRRR
Planning
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£470K - £950K
Sold Prices/m²£5.1K/m² - £8K/m²

 

 

Square Metres

~93 m²
Price/m²£5.3K/m²

Value Estimate

£509,850
BMV3%

 

 

End Value (After Refurb)

£582,413

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£123,750

Stamp Duty & Legal Fees

£38,200

Refurb Costs

£49,265

Bridging Loan Interest

£12,994

Total Cash In

£225,959

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£582,413

Mortgage (After Refinance)

£436,809

Mortgage LTV

75%

Cash Released

£65,559

Cash Left In

£160,399

Equity

£145,603

Rent Range

£1,900 - £2,800

Rent Estimate

£2,350

Running Costs/mo

£2,310

Cashflow/mo

£40

Cashflow/yr

£480

ROI

0%

Gross Yield

6%

Local Sold Prices

50 sold prices from £470K to £950K, average is £565K. £5.1K/m² to £8K/m², average is £6.3K/m².

PriceDateDistanceAddressBeds 
£565K07/230 mi26, Merivale Road, Harrow, Greater London HA1 4BH3
£510K12/200.02 mi39, Merivale Road, Harrow, Greater London HA1 4BJ3
£536K10/230.03 mi37, Merivale Road, Harrow, Greater London HA1 4BJ3
£865K09/220.06 mi4, Treve Avenue, Harrow, Greater London HA1 4AJ3
£545K09/230.07 mi53, Bowen Road, Harrow, Greater London HA1 4DG3
£575K06/210.07 mi26, Sumner Road, Harrow, Greater London HA1 4BU3
£515K06/210.07 mi51, Bowen Road, Harrow, Greater London HA1 4DG3
£625K04/230.08 mi26, Lance Road, Harrow, Greater London HA1 4BL3
£475K09/230.09 mi26, Marshall Close, Harrow, Greater London HA1 4DH3
£515K09/210.11 mi86, Butler Road, Harrow, Greater London HA1 4DT3
£505K02/210.11 mi112, Butler Road, Harrow, Greater London HA1 4DT3
£490K06/210.11 mi102, Butler Road, Harrow, Greater London HA1 4DT3
£565K05/210.11 mi115, Drury Road, Harrow, Greater London HA1 4BN3
£600K03/230.12 mi3, Hawkins Close, Harrow, Greater London HA1 4DJ3
£625K05/220.12 mi28, Heath Road, Harrow, Greater London HA1 4DA3
£490K03/210.12 mi30, Heath Road, Harrow, Greater London HA1 4DA3
£553K12/220.12 mi5, Heath Road, Harrow, Greater London HA1 4DA3
£950K08/230.12 mi56, Whitmore Road, Harrow, Greater London HA1 4AD3
£852.5K11/200.12 mi50, Whitmore Road, Harrow, Greater London HA1 4AD3
£561K09/220.12 mi3, Heath Road, Harrow, Greater London HA1 4DA3
£640K06/210.13 mi81, Whitmore Road, Harrow, Greater London HA1 4AE3
£540K10/220.13 mi25, Heath Road, Harrow, Greater London HA1 4DA3
£512K07/230.14 mi6, Bowen Road, Harrow, Greater London HA1 4DB3
£810K04/220.16 miField End Cottage, Porlock Avenue, Harrow, Greater London HA2 0AS3
£627.5K10/220.16 mi157, Vaughan Road, Harrow, Greater London HA1 4EG3
£505K12/220.16 mi2, Springway, Harrow, Greater London HA1 4DL3
£605K10/220.17 mi44, Drury Road, Harrow, Greater London HA1 4BY3
£500K03/210.18 mi140, Butler Road, Harrow, Greater London HA1 4DX3
£501K03/210.18 mi157, Butler Road, Harrow, Greater London HA1 4DX3
£602K06/210.18 mi174, Vaughan Road, Harrow, Greater London HA1 4EB3
£540K12/220.18 mi214, Vaughan Road, Harrow, Greater London HA1 4EB3
£625K09/230.18 mi143, Butler Road, Harrow, Greater London HA1 4DX3
£525K03/230.2 mi16, Ford Close, Harrow, Greater London HA1 4AX3
£585K01/210.21 mi68, Wilson Gardens, Harrow, Greater London HA1 4EA3
£660K11/200.25 mi159, Whitmore Road, Harrow, Greater London HA1 4AG3
£796K07/230.25 mi170, Whitmore Road, Harrow, Greater London HA1 4AQ3
£595K02/210.25 mi36, Wilson Gardens, Harrow, Greater London HA1 4DZ3
£600K11/220.3 mi52, Vaughan Road, Harrow, Greater London HA1 4EE3
£645K02/210.31 mi11, Kingsfield Road, Harrow, Greater London HA1 3DD3
£520K12/200.33 mi8, Ferring Close, Harrow, Greater London HA2 0AR3
£585K06/210.36 mi7, Devonshire Road, Harrow, Greater London HA1 4LP3
£620K10/230.37 mi30b, Roxborough Park, Harrow, Greater London HA1 3AY3
£675K09/210.38 mi8, Merton Road, Harrow, Greater London HA2 0AB3
£505K12/200.38 mi12a, Dudley Gardens, Harrow, Greater London HA2 0DQ3
£618K04/230.38 mi49, Dudley Gardens, Harrow, Greater London HA2 0DQ3
£515K03/210.38 mi229, Pinner Road, Harrow, Greater London HA1 4EX3
£520K02/230.38 mi251, Pinner Road, Harrow, Greater London HA1 4EX3
£470K02/210.38 mi211, Pinner Road, Harrow, Greater London HA1 4EX3
£617.5K03/210.39 mi20a, Nelson Road, Harrow, Greater London HA1 3ET3
£545K06/230.43 mi31, Devonshire Road, Harrow, Greater London HA1 4LS3

Local Rents

23 rents from £1.9K/mo to £2.8K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,50004/240.11 miDrury Road, Harrow, HA1 4BN3
£2,80003/250.11 mi-3
£2,10004/240.15 miVaughan Road, Harrow, HA13
£2,10012/240.15 mi-3
£2,50012/240.16 mi-3
£2,40004/240.18 miButler Road, West Harrow, Harrow, HA13
£2,40004/240.25 mi-3
£2,00012/240.26 mi-3
£2,40003/250.26 mi-3
£2,50004/240.29 mi-3
£2,50004/240.29 mi-3
£2,19502/250.31 mi-3
£2,50004/240.33 miBessborough Road, HARROW3
£2,25001/250.34 mi-3
£1,95002/240.39 miPinner Road, Harrow3
£2,50004/240.52 miDudley Road, Harrow3
£1,90004/240.53 miHeadstone Road, Harrow, HA13
£2,40003/250.54 mi-3
£2,29502/250.56 mi-3
£2,50004/240.57 miParkthorne Close, Harrow, HA23
£2,35004/240.59 miFernbrook Drive, North Harrow3
£2,40003/250.59 mi-3
£2,40012/240.61 mi-3

Local Area Statistics

Population in HA1

38,441

Population in Harrow

164,559

Town centre distance

0.96 miles away

Nearest school

0.30 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Buyer's market

Capital growth (5yrs)

+22%

Property History

Listed for £495,000

March 20, 2025

Floor Plans

Description

  • Three Bedroom Terraced House +
  • In Need Of Modernising +
  • Potential To Extend (STPP) +
  • Chain Free Sale +
  • Great Location +
  • EPC Rating C & Council Tax Band D +

Brian Cox & Company are delighted to offer this charming 3-bedroom terraced house to the market! This property offers great potential for those looking to put their own stamp on a property. In need of renovation, this un-extended home presents an excellent opportunity to create a space that perfectly suits your needs and tastes.

Downstairs, you'll find a separate front reception room, providing a cozy space for relaxation or entertainment, as well as a spacious dining room, ideal for family meals and gatherings. At the rear of the property is the kitchen, which could easily be transformed into a modern, open-plan space to suit contemporary living.

Upstairs, the property features three well-sized bedrooms, providing ample space for a growing family, along with a family bathroom that offers further scope for improvement.

This property is full of potential and offers a fantastic opportunity for renovation and extension (subject to planning permissions), allowing you to create your dream home in a sought-after location. With excellent transport links and amenities nearby, this is a great chance to transform a blank canvas into a wonderful family home.

Agent Details

Brian Cox & Company, North Harrow

020 3907 2642

Next Steps?

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