2 Bed Flat, Single Let, Rickmansworth, WD3 8PX, £290,000

Church Lane, Rickmansworth, WD3 8PX - 1 views - a year ago

Leasehold

BTL

ROI: 4%

~63 m²

+3 photos

ValuationUndervalued

Sold Prices	£147.5K - £525K
Sold Prices/m²	£1.8K/m² - £9.3K/m²

Square Metres	~62.90 m²
Price/m²	£4.6K/m²
Value Estimate	£355,385£355,385
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£72,500£72,500
Stamp Duty & Legal Fees	£11,900£11,900
Total Cash In	£84,400£84,400

Cash Out
Rent Range	£1,350 - £1,750£1,350 - £1,750
Rent Estimate	£1,478
Running Costs/mo	£1,222£1,222
Cashflow/mo	£256£256
Cashflow/yr	£3,074£3,074
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

24 sold prices from £147.5K to £525K, average is £328K. £1.8K/m² to £9.3K/m², average is £5.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£147.5K	03/21	0.04 mi	72a, Church Lane, Mill End, Rickmansworth, Hertfordshire WD3 8HE	£1,756	84	2	Flat
£252.5K	11/22	0.06 mi	9, Barn Lea, Mill End, Rickmansworth, Hertfordshire WD3 8QZ	£5,195	49	2	Flat
£275K	08/21	0.06 mi	1, Fearney Mead, Mill End, Rickmansworth, Hertfordshire WD3 8QF	£3,924	70	2	Flat
£328K	09/21	0.15 mi	Flat 4, St. Johns Court, Berry Lane, Rickmansworth, Hertfordshire WD3 7HU	-	-	2	Flat
£360K	04/21	0.15 mi	Flat 3, St. Johns Court, Berry Lane, Rickmansworth, Hertfordshire WD3 7HU	-	-	2	Flat
£345K	12/22	0.15 mi	Flat 5, St. Johns Court, Berry Lane, Rickmansworth, Hertfordshire WD3 7HU	-	-	2	Flat
£320K	06/21	0.23 mi	Flat 17, Mill Stream Lodge, Uxbridge Road, Rickmansworth, Hertfordshire WD3 8JQ	-	-	2	Flat
£282.5K	11/23	0.24 mi	29, Thompson Way, Rickmansworth, Hertfordshire WD3 8GP	£5,650	50	2	Flat
£300K	12/22	0.24 mi	16, Thompson Way, Rickmansworth, Hertfordshire WD3 8GP	-	-	2	Flat
£331.5K	12/22	0.25 mi	16, Colne Mead, Mill End, Rickmansworth, Hertfordshire WD3 8DX	-	-	2	Flat
£370K	01/23	0.26 mi	260a, Uxbridge Road, Mill End, Rickmansworth, Hertfordshire WD3 8EA	£5,000	74	2	Flat
£275K	07/23	0.26 mi	12, Colne Mead, Mill End, Rickmansworth, Hertfordshire WD3 8DX	-	-	2	Flat
£328K	04/21	0.3 mi	Flat 22, Vine Tree Court, St Peters Close, Mill End, Rickmansworth, Hertfordshire WD3 8QY	£6,560	50	2	Flat
£327.5K	04/21	0.3 mi	Flat 29, Vine Tree Court, St Peters Close, Mill End, Rickmansworth, Hertfordshire WD3 8QY	-	-	2	Flat
£317.5K	02/23	0.3 mi	Flat 11, Vine Tree Court, St Peters Close, Mill End, Rickmansworth, Hertfordshire WD3 8QY	-	-	2	Flat
£294K	12/22	0.3 mi	Flat 10, Vine Tree Court, St Peters Close, Mill End, Rickmansworth, Hertfordshire WD3 8QY	-	-	2	Flat
£330K	12/23	0.32 mi	30, The Willows, Mill End, Rickmansworth, Hertfordshire WD3 8YY	£5,593	59	2	Flat
£335K	11/20	0.38 mi	46, West Way, Rickmansworth, Hertfordshire WD3 7EN	£5,678	59	2	Flat
£315K	02/21	0.39 mi	Flat 12, Willow Court, Springwell Lane, Rickmansworth, Greater London WD3 8UZ	-	-	2	Flat
£340K	04/21	0.68 mi	Flat 8, Willow Court, Springwell Lane, Rickmansworth, Greater London WD3 8UZ	-	-	2	Flat
£330K	06/23	0.68 mi	Flat 6, Willow Court, Springwell Lane, Rickmansworth, Greater London WD3 8UZ	-	-	2	Flat
£525K	02/21	0.71 mi	10a, Nightingale Road, Rickmansworth, Hertfordshire WD3 7DF	£5,769	91	2	Flat
£465K	06/23	0.82 mi	1, Rectory Road, Rickmansworth, Hertfordshire WD3 1FH	£9,300	50	2	Flat
£390K	10/20	0.85 mi	Flat 4, Chiltern Rise, Rectory Road, Rickmansworth, Hertfordshire WD3 1GD	-	-	2	Flat

Local Rents

12 rents from £1.4K/mo to £1.8K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,550	03/25	0.06 mi	-	2	Flat
£1,400	10/24	0.18 mi	Williamson Way Rickmansworth WD3	2	Flat
£1,500	10/24	0.26 mi	Uxbridge Road, Mill End, Rickmansworth, Hertfordshire, WD3 8EA	2	Flat
£1,750	10/24	0.27 mi	Uxbridge Road, Rickmansworth	2	Flat
£1,550	10/24	0.29 mi	Thellusson Way, Penn Heights, Rickmansworth	2	Terraced House
£1,525	10/24	0.29 mi	The Greenway, Rickmansworth	2	Flat
£1,350	03/25	0.32 mi	-	2	Flat
£1,500	10/24	0.32 mi	The Willows, Rickmansworth, WD3	2	Flat
£1,450	02/25	0.38 mi	-	2	Flat
£1,550	03/25	0.39 mi	-	2	Flat
£1,500	11/24	0.44 mi	-	2	Flat
£1,450	03/25	0.44 mi	-	2	Flat

Local Area Statistics

Population in WD3	40,83140,831
Population in Rickmansworth	40,83240,832
Town centre distance	0.74 miles away0.74 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.96 miles away0.96 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+1%+1%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+6%+6%

Property History

Listed for £290,000

April 26, 2024

Floor Plans

Description

LARGE LIVING/DINING ROOM +
MODERN KITCHEN/BREAKFAST ROOM +
TWO BEDROOMS +
BATHROOM +
RESIDENTS PARKING +
GARAGE +
COMMUNAL GROUNDS +
STUNNING VIEWS +
CLOSE TO AMENITIES +

A well proportioned TWO BEDROOM SECOND FLOOR FLAT, situated close to local amenities.

The flat comprises of two good-sized double bedrooms, a bright living/dining room and a spacious kitchen/breakfast room. A three-piece family bathroom and storage cupboard completes the property. There is the added benefit of a garage in block, as well as ample residents parking.

Positioned in a quiet, secluded courtyard, post war development off Church Lane with local bus routes, schools leisure centre and shopping parade. Rickmansworth Metropolitan/Chiltern Line Station and Town Centre is approximately one mile to the west whilst the M25 can be reached via a short drive to Junction 17.

Agent Details

Trend & Thomas, Rickmansworth

01923 961920

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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