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205a Watford Road, Harrow, Middlesex HA1 3UA
HMO Investment - 205a Watford Road, Harrow, Middlesex HA1 3U
205a Watford Road, Harrow, Middlesex HA1 3UA
For Sale
£400,000+
Key Features
HMO - 5 Bedsits Gross - Yield 11.2%
6 Week Completion
Tenure: Leasehold for a term of 999 years from 21st March 2017 at a peppercorn ground rent.
Description
HMO - 5 Bedsits Gross - Yield 11.2% 6 Week Completion Comprising an HMO on the entire first and second floors of this mid terraced building accessed from its own ground floor front entrance and currently divided into 5 Bedsits (4 with their own Shower/WC) and each benefitting from uPVC double glazing and gas central heating. In addition, the property includes a communal Kitchen on the first floor. Tenure: Leasehold for a term of 999 years from 21st March 2017 at a peppercorn ground rent.
Location
Located on the west side of Watford Road, close to the junction with Sudbury Court Drive and the John Lyon roundabout in this well established parade. North Wembley Station (Bakerloo and Lioness Lines) and Sudbury & Harrow Road Station (Chiltern Railways) are both under 1 mile away. Northwick Park and Elmwood Park are within walking distance and Harrow town centre, with its multiple shopping facilities, is approx. 1½ miles to the north.
Auctioneer Source Facts
Auctioneer Tenure | Leasehold for a term of 999 years from 21st March 2017 at a peppercorn ground rent. |
Investment Analysis
Investment Snapshot
Guide Price | £400,000+ |
Refurbishment / Works Budget | HB indicative £20,000–£60,000 |
Purchase + Works | £420,000–£460,000 |
Estimated GDV / Value | £460,000–£560,000 |
Estimated Rent / Income | £3,000–£4,500 pcm equivalent |
Potential Annual Income | £36,000–£54,000 pa |
Suggested Strategy | HMO / Income |
Strategy Recommendation
Initial strategy: HMO / Income. Verify the legal pack, tenancy schedule, title, condition, finance and local market evidence before fixing a maximum bid.
Works Required
Obtain a survey and contractor quotations. Allow for services, compliance, repairs, decoration and any structural, roofing, fit-out, common-parts or development works identified.
Rental & Market Context
Where the auctioneer publishes passing rent, that figure should take priority over HB modelling. Otherwise, HB income/value figures are indicative appraisal ranges and require local verification.
Sold within approximately 5 miles
Check recent HM Land Registry transactions and closely matched commercial or residential comparables for tenure, covenant, size, condition and location.
Potential BRRR Position
Refinance potential depends on lender valuation, lease/title, income covenant, completed condition and stress testing. Commercial and mixed-use assets may require specialist finance.
Flip Analysis
Any resale margin must include SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.
Investor Risks & Due Diligence
Read the complete legal pack and special conditions
Verify tenure, occupational leases and rent schedule
Inspect condition and obtain contractor quotations
Confirm planning/use class and development constraints
Confirm finance, VAT and insurance position
Allow for Barnett Ross administration fee and any seller costs in the legal pack
Recommendation
Proceed only where verified total project cost and income support the intended hmo / income strategy with adequate contingency and margin.
Strategy Rating
Commercial Income: ★★★★☆ | Development: ★★★☆☆ | Resale: ★★★☆☆
Auction Details :
Barnett Ross
Auction Date :
10/09/26
Lot Number :
015
Property Location:
205a Watford Road, Harrow, Middlesex HA1 3UA
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