417 Northolt Road, Harrow, Middlesex, HA2 8JQ

Description

A Vacant Three Bedroom Semi Detached House in Need of Modernisation. The property comprises a three bedroom semi detached house arranged over ground and first floors.

Accommodation

Ground Floor: Two Reception Rooms, Kitchen. First Floor: Three Bedrooms, Bathroom, Separate WC. Exterior: The property benefits from both front and rear gardens.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Alexandra Park are within easy reach. Transport links are provided by South Harrow station underground station (Piccadilly line) and Northolt Park rail station.

Tenure / Property Information

Investment Analysis

Two same-road HM Land Registry comparables sold for £450,000 and £500,000 in 2015–2016. These are dated and the property needs modernisation, so they provide only a broad historic value indication. Estimated GDV range: £450,000–£500,000, with £500,000 used as the base scenario, subject to survey and current valuation evidence.

Investment Snapshot

Strategy Recommendation

Treat as a potential BTL or refurbishment project only after legal-pack review, survey, current valuation and priced works. Do not set a maximum bid from the supplied evidence alone.

Works Required

Modernisation of the house as required. The evidence does not define the scope, specification or cost of works; survey and contractor quotations are required.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance of the £500,000 base GDV indicates £375,000 gross borrowing. Cash required cannot be calculated because refurbishment costs and full acquisition costs are unknown.

Buy-to-Let Analysis

The advertised asking rent is £2,350 pcm, equating to £28,200 annually and 7.52% gross on the £375,000 guide price before works, fees, finance, tax and operating costs. Achieved rent and total project cost are unverified.

Flip Analysis

A resale assessment is not reliable because refurbishment costs, selling costs and current market evidence are unavailable. The dated £450,000–£500,000 comparables provide only a broad historic GDV indication.

Investor Risks & Due Diligence

• Property requires modernisation, but the works scope and cost are unknown.

• Sold comparables are from 2015–2016 and may not represent current value.

• The £2,350 pcm figure is an advertised asking rent, not achieved rent.

• Special-condition disbursements and other buyer costs are unspecified.

• EPC, council tax, heating and parking information are not supplied.

Recommendation

Treat as a potential BTL or refurbishment project only after legal-pack review, survey, current valuation and priced works. Do not set a maximum bid from the supplied evidence alone.

Strategy Rating

Analysis Confidence

Same-road sold evidence and one advertised rent are available, but the comparables are dated and refurbishment scope, current valuation, achieved rent and several property and auction costs are missing.