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78 Park Chase, Wembley, Middlesex HA9 8EH
3 Bed Semi-Detached House, Wembley
78 Park Chase, Wembley, Middlesex HA9 8EH
For Sale
£450,000+
Marketed by:
Auction House London
1a, 5 Hampstead Gate, London NW3 6AL, UK
020 7625 9007
Auction Details :
Auction House London
Auction Date :
02/09/26
Lot Number :
15
Key Features
Vacant three-bedroom semi-detached house
Rear garden and off-street parking
Potential for development subject to consent
First time on market in over 40 years
Strong same-street sales evidence
Description
A vacant three-bedroom semi-detached house with two reception rooms, kitchen, three bedrooms, bathroom and separate WC. The freehold property has a rear garden and off-street parking, and the auctioneer highlights development potential subject to all relevant consents.
Location
Park Chase is a residential road near King Edward VII Park, Wembley Park Underground and Wembley Stadium rail station.
Investment Analysis
Investment Snapshot
Guide Price | £450,000 |
Tenure | Freehold |
Refurbishment / Upgrade Budget | £25,000–£45,000 |
Purchase + Works | £475,000–£495,000 |
Estimated GDV | £625,000–£725,000 |
Estimated Private Rent | £2,500–£2,900 pcm |
Potential Annual Rent | £30,000–£34,800 |
Gross Yield on Purchase | 6.7%–7.7% |
Gross Yield on Mid Project Cost | 6.7% |
Suggested Strategy | Refurbishment & Resale / Development |
Property & Refurbishment
I would initially allow £25,000–£45,000 for the works indicated by the listing, investor-grade finishing and contingency. This is an HB/AI feasibility allowance rather than a contractor quotation and should be replaced by survey and itemised trade pricing before bidding.
Rental Analysis
For sensitivity testing I would use an HB market-rent estimate of £2,500–£2,900 pcm. This equates to approximately £30,000–£34,800 per annum and 6.7%–7.7% gross on the guide. At midpoint rent and works, gross yield on guide plus works is about 6.7% before finance, management, maintenance, insurance, compliance, voids and tax.
GDV / Resale Analysis
For feasibility I would use an indicative £625,000–£725,000 completed-value range. This is an AI-assisted investment appraisal estimate and not a formal RICS valuation. Using midpoint assumptions gives an estimated completed value of about £675,000 against guide-plus-midpoint-works of approximately £485,000.
Properties Sold Within Approx. 5 Miles
Address | Property Type | Sold Price | Sold Date |
26 Park Chase, Wembley HA9 8EH | 3-bed detached | £636,000 | Jul 2024 |
6 Park Chase, Wembley HA9 8EH | 3-bed semi-detached | £605,000 | Sep 2022 |
60 Park Chase, Wembley HA9 8EH | 3-bed semi-detached | £655,000 | Sep 2021 |
38 Park Chase, Wembley HA9 8EH | 3-bed semi-detached | £615,000 | May 2021 |
The same-street evidence is strong and consistently above the guide. Development potential could add value, but the base case should work as a refurbished family house without assuming consent.
Potential BRRR Position
At the midpoint GDV of approximately £675,000, a purely illustrative 75% LTV refinance would be around £506,250. Against guide plus midpoint works of approximately £485,000, this should be viewed only as a sensitivity test; lender valuation, construction, lease length, rental stress tests and borrower criteria determine the actual refinance.
Flip Analysis
A resale strategy should be tested against the conservative end of the £625,000–£725,000 GDV range and must deduct acquisition tax, the £1,800 auction administration charge, legal fees, finance, holding costs, refurbishment, contingency and selling costs. Headline uplift is not the same as net profit.
Investor Risks & Due Diligence
Check the legal pack, title and all additional disbursements.
Obtain a full building survey and contractor quotations.
Verify achievable rent against current completed lettings.
Verify GDV against recent like-for-like sold evidence.
Recommendation
Preferred strategy: Refurbishment & Resale / Development. The final decision should be based on verified works costs, rent, legal position and comparable-supported end value rather than guide price alone.
Strategy Rating
BRRR: ★★★★☆
Buy-to-Let: ★★★★☆
Flip: ★★★★☆
Development: ★★☆☆☆
Property Location:
78 Park Chase, Wembley, Middlesex HA9 8EH
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