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Mepham Gardens, Harrow HA3

London

£500,000
Listed on 01/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1033 sqft

Description

This three-bedroom semi-detached house, originally built as an ex-local authority 'bisf' type, presents a significant opportunity for renovation and investment. Situated on a generous corner plot, the property not only features off-street parking and a garage but also offers ample scope for extensions or potentially developing additional units, subject to planning permission. The interior includes a spacious reception room that showcases a charming fireplace adorned with stone detailing, seamlessly flowing into a dining area that opens to the kitchen. The kitchen provides sufficient space for essential appliances, making it suitable for both casual dining and entertaining. Upstairs, you'll find a well-proportioned master bedroom complete with fitted wardrobes alongside two additional bedrooms—a second double and a larger-than-average single—ideal for family living or as guest accommodations. The family bathroom is modern and tiled, equipped with both a bathtub and an overhead shower. The exterior of the property boasts a sizeable garden area currently laid to lawn, along with a garage that has been outfitted with power and utilized as a home gym. A raised deck area with an attractive pergola enhances the outdoor space, providing an inviting spot for gatherings or relaxation. Located conveniently near local amenities such as schools and supermarkets, this home is also well-connected to public transport options. Harrow and Wealdstone Station is within 1.2 miles, offering access to the Bakerloo Line and Overground services; fast trains to Euston can get you there in approximately 13 minutes. Various bus routes serve the area as well, facilitating easy travel to nearby destinations. The property falls within reach of several Ofsted-rated schools recognized for their quality education, which adds to its appeal for families looking at long-term residency or rental opportunities. This house represents not just a comfortable family home but also serves as an excellent investment prospect due to its potential for enhancement and strategic location. Future buyers are encouraged to conduct their own research regarding development possibilities to fully realize this property's value.

Investment Analysis

(HA3 area)

Below Market Value

This property is priced -9.1% below area average per sq ft

-9.1%
Potential saving
This Property
£484/sq ft
Area Average
£532/sq ft
Avg Rent (weekly)
£435
Avg Yield
4.0%

Renovation Potential

Est. Renovation Cost
£50,000 - £125,000
10-25% of property value
Target Value
£604,852
10% above area average per sq ft
Potential ROI
-3.2%
After renovation
Monthly Sales
17
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (HA3)

Area prices are rising by +3.5% over the last 12 months
3 year growth: 0.7%
5 year growth: 20.0%
Investment Disclaimer: Analysis based on HA3 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

Mepham Gardens, Harrow HA3
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