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Nero Court, Augustus Close, Brentford Docks

London

£379,950
Listed on 20/11/2024

Property Details

Bedrooms
2
Type
Flat
Area
732 sqft

Description

This two-bedroom apartment in Brentford Dock presents a significant opportunity for renovation and customization. Located within a well-established development along the picturesque banks of the Grand Union Canal, this property offers a blank canvas for those looking to either modernize or reconfigure the existing layout to better suit their needs. The current design features an open-plan reception room that flows into a kitchen/dining area, creating a versatile space ideal for both entertaining and everyday living. An inner hallway provides access to ample storage solutions and leads to a bathroom alongside two spacious double bedrooms, each of which opens onto a private balcony—perfect for enjoying tranquil views of the surrounding gardens or canal. Brentford Dock is an attractive locale known for its well-maintained communal areas that enhance the appeal of living by the water. The development boasts various amenities including an on-site management office, 24-hour security, and leisure options such as a club room and a boat marina with moorings available for rent. Access to Syon Park adds further allure, though it does come with a separate annual fee. Investment potential is heightened by the ongoing regeneration efforts in Brentford High Street, which promise to transform the south side into a vibrant new town center. This makes the property not only appealing for personal use but also as an investment opportunity in an area poised for growth. Additionally, included with this apartment is a designated parking space, enhancing convenience in this increasingly sought-after neighborhood. With its leasehold extending over 970 years and manageable service charges, this property could become an excellent opportunity for those looking to invest in or create their ideal home in Brentford Dock.

Investment Analysis

(TW8 area)

Below Market Value

This property is priced -20.3% below area average per sq ft

-20.3%
Potential saving
This Property
£519/sq ft
Area Average
£652/sq ft
Avg Rent (weekly)
£480
Avg Yield
4.8%

Renovation Potential

Est. Renovation Cost
£37,995 - £94,988
10-25% of property value
Target Value
£524,709
10% above area average per sq ft
Potential ROI
+10.5%
After renovation
Monthly Sales
9
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (TW8)

Area prices are falling by +8.5% over the last 12 months
3 year growth: -4.6%
5 year growth: 3.0%
Investment Disclaimer: Analysis based on TW8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Nero Court, Augustus Close, Brentford Docks
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