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Robb Road, Stanmore, HA7

London

£350,000
Listed on 21/07/2024

Property Details

Bedrooms
2
Type
Detached house
Area
780 sqft

Description

This two-bedroom terraced house presents a prime opportunity for renovation and investment, located just a short stroll away from the amenities of Stanmore. The property is currently in need of modernisation and cosmetic upgrades, making it an ideal canvas for those looking to enhance its value or personalize their living space. Nestled within a community that benefits from easy access to local schools, shopping options, and public transportation, this home is conveniently situated near Stanmore Broadway. Commuters will appreciate the proximity to several tube stations, including Stanmore, Canons Park, and Edgware, which provide direct routes into Central London. The property's potential extends beyond personal use; it's also an attractive prospect for investors interested in the long-term rental market in this desirable area. With thoughtful renovations, this home could not only serve as a comfortable residence but also yield significant returns over time. The surrounding neighborhood offers strong appeal with its blend of residential charm and accessibility to urban conveniences. For those ready to undertake a project that could transform this house into a modern home or a lucrative rental property, this is an opportunity worth considering. Harrow Council Tax Band C applies.

Investment Analysis

(HA7 area)

Below Market Value

This property is priced -21.7% below area average per sq ft

-21.7%
Potential saving
This Property
£449/sq ft
Area Average
£573/sq ft
Avg Rent (weekly)
£508
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£491,505
10% above area average per sq ft
Potential ROI
+29.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (HA7)

Area prices are rising by +4.2% over the last 12 months
3 year growth: 0.4%
5 year growth: 16.5%
Investment Disclaimer: Analysis based on HA7 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

Robb Road, Stanmore, HA7
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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
£1,282
Based on a loan of £262,500 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