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Harrow Road, Wembley - Image 1

Harrow Road, Wembley

London

£1,250,000
Listed on 30/04/2025

Property Details

Bedrooms
6
Type
Detached house

Description

This mixed-use property presents a compelling opportunity for investors seeking to capitalize on both residential and commercial income streams. Located on the bustling Harrow Road in HA9, this freehold asset includes a ground floor retail unit currently operating as a pharmacy, alongside three self-contained residential flats. The ground floor features a spacious retail space that benefits from high pedestrian traffic, making it suitable for continued commercial use or potential rebranding. At the rear of this level, there is a one-bedroom flat that comes with private parking and is currently leased, contributing to immediate rental income. On the first floor, you'll find a well-sized three-bedroom flat that provides ample living space and is also tenanted. The second floor houses a two-bedroom flat, which is equally well-proportioned and occupied by tenants. This diverse setup not only offers current cash flow but also allows for future adjustments or renovations to enhance value. Located in an area with strong rental demand bolstered by excellent transport links and nearby amenities, this property possesses significant renovation potential that could further increase its appeal and profitability. Whether you are looking to maintain the existing structure or explore development opportunities (subject to planning permissions), this investment holds promise for long-term growth. This property represents an advantageous addition to any investment portfolio, combining consistent rental income with substantial potential for future enhancement.

Investment Analysis

(HA9 area)
Area Average
£567/sq ft
Avg Rent (weekly)
£481
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (HA9)

Area prices are rising by +12.4% over the last 12 months
3 year growth: 10.8%
5 year growth: 8.1%
Investment Disclaimer: Analysis based on HA9 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Harrow Road, Wembley
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£4,579
Based on a loan of £937,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE