3 × 1-bed flat · HA1 1UB
For saleListed 19 days
Opportunity summary
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About
Key features - Block of 6 self-contained apartments - Rent roll of £93,000 per annum / £7,750 pcm - Gross Yield: 6.6% - 1,787 sq ft gross internal area - 0.4 miles from Harrow-on-the-Hill (Metropolitan line) - Large rear garden of c.1,510 sq ft - Driveway parking for up to 3 cars - Heat pumps installed throughout - Scope to extend into the loft and at ground floor, subject to consents - Available with existing tenancies or with vacant possession A fully let freehold block of six self-contained apartments in a quiet residential close, a short walk from Harrow-on-the-Hill station.
The property is an end-of-terrace double-fronted house arranged over three floors, extending to 1,787 sq ft and producing £93,000 per annum.
The accommodation comprises three one-bedroom apartments and three studios, each with its own kitchen and bathroom.
Flats A and B sit on the ground floor with use of the rear garden, Flats C, D and E occupy the first floor, and Flat F takes the whole of the second floor at 426 sq ft, the largest unit in the building.
All six are let on individual assured periodic tenancies. EPC ratings run from C to E.
Outside there is a substantial rear garden of approximately 1,510 sq ft, which is unusually generous for a converted block at this price, along with a front driveway providing parking for up to three cars.
Heat pumps have been installed throughout. For an investor, the appeal is income today with a clear route to more.
The rents sit at the lower end of what HA1 achieves for small units, and internal refurbishment should lift them.
Beyond that there is scope to extend into the loft and add a dormer, and to extend the ground-floor units at the rear - both subject to the necessary consents.
The size of the plot gives real room to work with. Harrow-on-the-Hill is 0.4 miles away, running the Metropolitan line into Baker Street and Chiltern services into Marylebone.
Harrow town centre, the St Ann's and St George's shopping centres and the University of Westminster's Harrow campus are all close by, and the surrounding area is well served by schools and open space.
The freehold is offered with the benefit of the existing tenancies, or with vacant possession by negotiation. Viewings strictly by appointment through Harper Mason Asset Management.
Value & comps
No previous sales on record.
Returns
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Short-let restrictions apply
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 5, Rugby Close, Harrow
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