2-bedroom house · HA9 8JG
For saleReduced £20k (−14.8%) on 20 AugListed 136 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A Two Bedroom Ground Floor retirement Flat in this popular development, convenient for Preston Road, North Wembley and Wembley Park.
Double Glazing & Central Heating, Lounge, Kitchen, Two Bedrooms, Modern Tiled Shower Room. EER C. House Manager, Residents' Lounge, Kitchen, Laundry & Guest Suite. Lease 99 years from 1989.
Purchasers should be at least 60 years of age.
The freehold is owned by a Housing Association and any prospective purchaser will be buying a full share at 70% of the market value to ensure affordability.
Communal Entrance Entryphone, Managers Office, Laundry, Lounge, Kitchen, Lifts & Stairs to all floors.
Entrance Hall (2.72m × 1.90m) L shaped entrance hall, radiator, entryphone, laminate flooring, fitted cupboards.
(2.72m × 1.90m) Lounge (5.36m × 3.10m) Radiators, laminate flooring, double glazed sliding doors to patio area and gardens. Folding door to Utility 5'7 x 4'6 plumbed for washing machine.
(5.36m × 3.10m) Kitchen (3.84m × 1.73m) Fitted wall and base units with tiled splashbacks, sink & drainer, oven, fitted hob, extractor, plumbed for dishwasher, central heating boiler, radiator, double glazed window.
(3.84m × 1.73m) Bedroom One (4.22m × 3.05m) Fitted wardrobes and cupboards, radiator, carpet, double glazed window.
(4.22m × 3.05m) Bedroom Two (3.99m × 1.80m) Radiator, carpet, fitted wardobes, double glazed window.
(3.99m × 1.80m) Tiled Shower Room (2.08m × 1.88m) Walk-in shower, wash hand basin, wc, heated towel rail, walls tiled, extractor fan.
(2.08m × 1.88m) Communal Gardens & Parking Well cared for communal gardens, pathways, shrubs.
Please Note The Freehold to this development is owned by a Housing Association, and any prospective purchaser will be buying a full share at 70% of the market value to ensure affordability.
Lease 99 year lease from 25/12/1989. Service Charges £438.38 per month & Ground Rent £200.00 per annum to be confirmed by your solicitor.
Additional Information Service Charge - £438.38 per month to be confirmed by your solicitor Ground Rent - £200 per annum to be confirmed by your solicitor Local Authority - Brent Council Tax Band: D Approx Annual Price: £2,235 Conservation Area - No Flood Risk - Very low Floor Area 602 ft 2 / 56 m 2 Mobile coverage - EE, Vodafone, Three and O2 Broadband - Basic 15 Mbps, Superfast 80 Mbps and Ultrafast 1000 Mbps Satellite / Fibre TV Availability - BT, Sky and Virgin Disclaimer Whilst we endeavour to make our sales details accurate and reliable, if there is any point which is of particular importance to you please contact our office and we will be pleased to verify any information.
Property particulars are prepared as a guide, and are not intended to constitute part of an offer or contract. We have not carried out a survey and the services and appliances have not been tested.
Measurements have been taken using a sonic measure and may be subject to 6" margin of error.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 8 The Martins, 8-18 Preston Road, Wembley
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