£486,865

Block of flats for sale

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Fixed price

£486,865

(£314.11/sq. ft)

Block of flats for sale

Rayners Lane, Harrow HA5

1,550 sq. ft

Local area information

Property location

Nearby amenities

  • Rayners Lane 0 miles
  • Regent College 0.2 miles
  • Buckingham Preparatory School 0.2 miles
  • North Harrow 0.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Joint Venture Opportunity
  • £486,865 Investment Required
  • 93% of this amount will be released upon refinance and the project ROI is 66%
  • The projected project time is 12 months (to refinance)
Joint Venture Opportunity.

£486,865 Investment Required.

93% of this amount will be released upon refinance and the project ROI is 66%. The projected project time is 12 months (to refinance).

Our Client is delighted to have the opportunity to work on remodelling and refurbishing this large 144 sqm (1550 sq ft) Victorian-style, Five-bedroom, Two-reception and Two-bathroom End of Terrace property into a modern, high specification co-living and upmarket Residential Dwelling.

This property ticks all of the boxes in having sufficient scale to deliver decent-sized ensuite rooms for our Clientele, as well as being situated within great proximity to good transportation, retail and entertainment facilities.

The Property is being acquired at a discount to its advertised price and after a significant amount of investment, will be transformed into a highly desirable, 8-bed (all-ensuite) shared residence, which also delivers superlative financial returns to its investors.

Located in a large town in Greater London, with leafy residential areas with an excellent public transport infrastructure. The borough is a hotspot for First-Time Buyers, growing young Families, Investors and retired Couples.

The accommodation briefly comprises an entrance porch with an area providing access to the front aspect Reception room, which leads into the fitted Kitchen and an inner Hallway.

In terms of transportation and amenities, the property is favourably located an 8-minute walk away from a tube station in one direction, a 10-minute walk away from another tube station, and an 8-minute walk away Shopping Malls.

Tenant Attractiveness to this Development will be ensured through the following key selling points for this project’s target tenant Clientele:

A. Project Location – This project is excellently located within a very short walk to two different tube stations and the shopping and leisure facilities of Two Shopping Malls. These are key points for the target tenant type.

B. Ensuite Rooms – all 8 rooms within this development shall be ensuite rooms. Ensuite rooms are rapidly becoming a must-have for our target tenant type, ensuring optimal room rates and reducing tenant voids.

C. Large Room Sizes – with an average room size of over 14 sqm. (excluding ensuite space), this development delivers highly desirable massive room space for its tenants. This is increasingly a rarity in the rental market.

D. Great Design – every detail of this development is being crafted by a creative team of interior designers who are well versed in designing HMO properties in order to deliver the desired ‘wow’ factor to the development.

E. Outstanding Facilities – each room will come with a flat screen television, a study/work-from-home desk area, great internet connectivity and a mini-coffee area to ensure the tenants have all the necessary creature comforts. This is aside from a crafted, three-part crafted garden area and a separate garden entertainment room.

Security of Investor Cashflow in this development will be ensured through the following key selling points for the project’s target tenant Clientele:

A. Highly Experienced Team – Our Client has assembled a highly experienced property development team comprising a dedicated architect, project manager, interior design company, planning consultant, quantity surveyor and property manager. Our Client itself has over 20 years’ experience in property development and management.

B. Permitted Development Project – it is rare that an HMO development of this scale can be achieved via permitted development rules rather than a full planning application. This reduces the development risk of the project. However, a planning application will be required for the tenanting of 2 of the 8 bedrooms.

C. Very Profitable Transaction – the Project has a total investor cash requirement of £486,865 but will generate a return of £322,635 within 12 months. This represents a Return on Investment (ROI) of 66%!

D. High Cashflow Project – with a gross rental income of £120,000 per annum, this project represents a very high cashflow property transaction. Furthermore, the annual rental income amount is also expected to regularly be revised upwards in subsequent years.

E. Hands-free Investment – Our Client provides a highly profitable, transparent and totally hands-free property investment solution for the busy professional seeking a highly optimised investment solution. Our Client also deploys various safety and good practice initiatives targeted at ensuring the safety of investor funds.

This Project delivers an outstanding Projected Return on Investment (ROI) of 66% while 93% of the Total Investor Cash Required is Released upon Refinance!

Floor plans and tours

Floor plans (1)

Floor plan 1

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  1. Zoopla
  2. Commercial for sale
  3. London
  4. Harrow (London Borough)
  5. Pinner
  6. Rayners Lane

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