3 Bed Detached House, Refurb/BRRR, Waltham Cross, EN7 5LD, £635,000

Moorhurst Avenue, Goffs Oak, Hertfordshire, EN7 5LD - 10 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~107 m²
+8 photos

ValuationUndervalued

Sold Prices£355K - £915K
Sold Prices/m²£4.3K/m² - £9.1K/m²

 

 

Square Metres

~107 m²
Price/m²£5.9K/m²

Value Estimate

£649,490
BMV2%

 

 

End Value (After Refurb)

£630,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£158,750

Stamp Duty & Legal Fees

£52,200

Refurb Costs

£56,622

Bridging Loan Interest

£16,669

Total Cash In

£285,991

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£630,000

Mortgage (After Refinance)

£472,500

Mortgage LTV

75%

Cash Left In

£285,991

Equity

£157,500

Rent Range

£750 - £6,500

Rent Estimate

£2,697

Running Costs/mo

£2,528

Cashflow/mo

£169

Cashflow/yr

£2,026

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £355K to £915K, average is £607.6K. £4.3K/m² to £9.1K/m², average is £6.4K/m².

PriceDateDistanceAddressBeds 
£600K11/220.18 mi73, Lulworth Avenue, Goffs Oak, Waltham Cross, Hertfordshire EN7 5LB3
£570K03/210.19 mi3, Pembroke Drive, Goffs Oak, Waltham Cross, Hertfordshire EN7 5LG3
£678K02/230.2 mi48, Lulworth Avenue, Goffs Oak, Waltham Cross, Hertfordshire EN7 5JX3
£600K06/210.21 mi56, Lulworth Avenue, Goffs Oak, Waltham Cross, Hertfordshire EN7 5JX3
£507.5K06/210.22 mi75, Cuffley Hill, Goffs Oak, Waltham Cross, Hertfordshire EN7 5HB3
£640K06/210.22 mi51, Jones Road, Goffs Oak, Waltham Cross, Hertfordshire EN7 5JT3
£685K04/230.26 mi14, Jones Road, Goffs Oak, Waltham Cross, Hertfordshire EN7 5JS3
£682K06/210.3 mi27, Goffs Crescent, Goffs Oak, Waltham Cross, Hertfordshire EN7 5JR3
£550K06/230.3 mi18, Goffs Crescent, Goffs Oak, Waltham Cross, Hertfordshire EN7 5JR3
£527.5K11/210.3 mi16, Goffs Crescent, Goffs Oak, Waltham Cross, Hertfordshire EN7 5JR3
£555K10/200.3 mi1, The Drive, Goffs Oak, Waltham Cross, Hertfordshire EN7 5NZ3
£495K04/210.3 mi7, The Drive, Goffs Oak, Waltham Cross, Hertfordshire EN7 5NZ3
£750K06/210.35 mi15, Pollards Close, Goffs Oak, Waltham Cross, Hertfordshire EN7 5JP3
£630K09/210.35 mi5, Pollards Close, Goffs Oak, Waltham Cross, Hertfordshire EN7 5JP3
£640K05/210.35 mi58, Cuffley Hill, Goffs Oak, Waltham Cross, Hertfordshire EN7 5EU3
£600K11/220.35 mi16, Pollards Close, Goffs Oak, Waltham Cross, Hertfordshire EN7 5JP3
£630K09/210.35 mi5, Pollards Close, Goffs Oak, Waltham Cross, Hertfordshire EN7 5JP3
£535K09/210.36 mi30, The Drive, Goffs Oak, Waltham Cross, Hertfordshire EN7 5PA3
£660K11/220.36 mi36, Cuffley Hill, Goffs Oak, Waltham Cross, Hertfordshire EN7 5EU3
£565K06/210.38 mi54, The Drive, Goffs Oak, Waltham Cross, Hertfordshire EN7 5PA3
£575K11/200.38 mi14, Pollards Close, Goffs Oak, Waltham Cross, Hertfordshire EN7 5JP3
£390K03/230.4 mi33, Goffs Oak Avenue, Goffs Oak, Waltham Cross, Hertfordshire EN7 5NJ3
£460K03/210.4 mi14, Goffs Oak Avenue, Goffs Oak, Waltham Cross, Hertfordshire EN7 5NJ3
£465K09/210.41 mi7, Goffs Oak Avenue, Goffs Oak, Waltham Cross, Hertfordshire EN7 5NJ3
£355K10/210.45 mi69, Newgatestreet Road, Goffs Oak, Waltham Cross, Hertfordshire EN7 5SN3
£715K09/210.47 mi7, Isabelle Close, Goffs Oak, Waltham Cross, Hertfordshire EN7 5JJ3
£608.2K03/210.47 mi4, Isabelle Close, Goffs Oak, Waltham Cross, Hertfordshire EN7 5JJ3
£700K09/210.48 mi26, Doverfield, Goffs Oak, Waltham Cross, Hertfordshire EN7 5EL3
£607K05/210.48 mi21, The Meadway, Cuffley, Potters Bar, Hertfordshire EN6 4ET3
£592.5K08/210.48 mi1, The Meadway, Cuffley, Potters Bar, Hertfordshire EN6 4ET3
£578K02/210.49 mi1, Millcrest Road, Goffs Oak, Waltham Cross, Hertfordshire EN7 5NN3
£585K12/210.5 mi3, Orchard Way, Goffs Oak, Waltham Cross, Hertfordshire EN7 5NW3
£625K07/230.5 mi13, Orchard Way, Goffs Oak, Waltham Cross, Hertfordshire EN7 5NW3
£585K09/210.5 mi18, The Meadway, Cuffley, Potters Bar, Hertfordshire EN6 4ES3
£650K04/210.5 mi42, The Meadway, Cuffley, Potters Bar, Hertfordshire EN6 4ES3
£617.5K06/210.5 mi643, Goffs Lane, Goffs Oak, Waltham Cross, Hertfordshire EN7 5HF3
£575K11/200.53 mi13, Melvyn Close, Goffs Oak, Waltham Cross, Hertfordshire EN7 5RR3
£800K01/230.56 miMillfield, Newgatestreet Road, Goffs Oak, Waltham Cross, Hertfordshire EN7 5RX3
£550K01/210.6 mi26, Colston Crescent, Goffs Oak, Waltham Cross, Hertfordshire EN7 5RS3
£670K09/210.63 mi2, Tolmers Gardens, Cuffley, Potters Bar, Hertfordshire EN6 4JE3
£915K11/220.64 mi22, Tolmers Gardens, Cuffley, Potters Bar, Hertfordshire EN6 4JE3
£743K02/210.69 mi12, Starling Lane, Cuffley, Potters Bar, Hertfordshire EN6 4JX3
£665K06/210.7 mi35, Northaw Road East, Cuffley, Potters Bar, Hertfordshire EN6 4LU3
£745K08/210.75 mi19, Thrush Lane, Cuffley, Potters Bar, Hertfordshire EN6 4JT3
£560K01/210.75 mi58, Theobalds Road, Cuffley, Potters Bar, Hertfordshire EN6 4HS3
£665K03/210.82 mi56, Northaw Road East, Cuffley, Potters Bar, Hertfordshire EN6 4LZ3
£630K12/200.83 mi34, Bacons Drive, Cuffley, Potters Bar, Hertfordshire EN6 4DU3
£515K03/210.85 mi510, Goffs Lane, Goffs Oak, Waltham Cross, Hertfordshire EN7 5EW3
£750K06/210.86 mi24, Homewood Avenue, Cuffley, Potters Bar, Hertfordshire EN6 4QG3
£695K11/200.88 mi76, Brookside Crescent, Cuffley, Potters Bar, Hertfordshire EN6 4QJ3

Local Rents

51 rents from £750/mo to £6.5K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£1,10008/230.33 mi-1
£1,60007/240.34 mi-2
£2,50004/250.36 mi-3
£1,90008/240.44 mi-2
£1,95010/240.44 mi-2
£1,95004/240.44 miStation Road, EN62
£1,95004/240.44 miStation Road, Potters Bar2
£1,15012/240.44 miNewgatestreet Road, Goffs Oak, Waltham Cross, EN71
£1,15005/240.44 mi-1
£75012/240.45 miNewgatestreet Road, Goffs Oak, EN71
£1,75002/250.55 mi-2
£1,69503/240.57 miLambs Close, Cuffley2
£1,46010/240.57 mi-2
£1,70004/240.58 miLambs Close, Cuffley, Potters Bar, EN62
£1,60004/240.58 miLambs Close, Cuffley EN62
£4,25004/250.6 mi-4
£1,90003/240.62 miTolmers Road, Cuffley4
£1,35004/240.62 miStation Road, Cuffley2
£1,70012/240.63 mi-2
£2,75012/240.64 miSt Johns Road, Goffs Oak, EN73
£2,00003/240.65 mi-2
£2,00002/250.65 mi-2
£3,99504/240.85 miBrookside Crescent, Cuffley4
£3,99504/240.85 miBrookside Crescent, Cuffley, Hertfordshire, EN64
£1,30012/240.88 mi-1
£6,50012/240.9 miSt. James Road, Goffs Oak, EN75
£6,50012/240.9 miSt. James Road, Goffs Oak, Waltham Cross5
£3,25004/240.92 miCuffley4
£5,75002/250.93 mi-5
£5,50003/250.93 mi-5
£3,25004/240.97 miTolmers Avenue, Cuffley, Hertfordshire, EN64
£3,80003/240.98 miBurton Lane, Goffs Oak4
£3,80012/240.98 miBurton Lane, Goffs Oak4
£5,50012/241.01 miThe Maples, Goffs Oak, Waltham Cross, Hertfordshire, EN75
£1,80012/241.03 miHigh View Court, Burton Lane, Goffs Oak2
£3,75003/241.05 miCrouch Lane, Goffs Oak5
£3,50003/241.05 miCrouch Lane, Goffs Oak5
£3,50012/241.06 mi-5
£3,50012/241.06 mi-5
£4,50012/241.11 miRowbourne Place, Cuffley, Hertfordshire, EN64
£1,10012/241.14 miGoffs Lane, Goffs Oak, EN71
£2,25012/241.14 miLightswood Close, Cheshunt, WALTHAM CROSS4
£3,95012/241.21 miGoffs Lane, Goffs Oak, EN75
£1,30012/241.24 mi-1
£1,40003/251.24 mi-1
£5,00012/241.26 mi-7
£5,50003/251.26 mi-7
£2,25012/241.28 miHammondstreet Road, Cheshunt, EN73
£1,50012/241.36 miStockbridge Close, West Cheshunt2
£1,30012/241.38 miRuskin Close, West Cheshunt2
£1,99512/241.39 miBeaumont View, Goffs Oak, EN73

Local Area Statistics

Population in EN7

21,877

Population in Waltham Cross

57,688

Town centre distance

1.75 miles away

Nearest school

0.30 miles away

Nearest train station

0.54 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+2%

Sales demand

Buyer's market

Capital growth (5yrs)

+8%

Property History

Listed for £635,000

June 3, 2024

Floor Plans

Description

  • Sitting room +
  • Kitchen +
  • Utility +
  • 3 Bedrooms +
  • Shower room +
  • Garage +
  • Garden +

Sitting room | Conservatory | Kitchen | Utility | 3 Bedrooms | Shower room | Garage | Garden | EPC rating D

The main reception room is a comfortable sitting room, which opens onto the sunny conservatory via sliding glass doors. There is a bedroom to the front, currently used as a dining room. The kitchen has fitted units to base and wall level and space for all the necessary appliances, while a lean-to at the side acts as a further space for storage and appliances and provides access to the rear garden.

Currently laid out as two bedrooms with the principal bedroom benefiting extensive fitted storage. There is also a bathroom with a large walk-in shower unit. The property offers significant scope for renovation, and even a complete remodelling, subject to the necessary consents. The attached garage provides space in which to extend, while a second level could provide substantial extra living space.

General
Local Authority: Borough of Broxbourne Council
Services: Mains gas, electricity, water and drainage. Centrally heated.
Council Tax: Band F
Tenure: Freehold
Guide Price: OIEO £650,000

At the front of the property there is a landscaped garden with paved walkways, a rock garden, a small area of lawn and various border shrubs and hedgerows. The block-paved garden provides parking space, as does the attached single garage. At the rear, the south-facing garden welcomes plenty of sunlight and backs onto open fields. It includes paved terracing, an area of lawn and well-stocked border beds, as well as a storage shed.

Cuffley mainline station 0.9 miles (40 minutes to London Kings Cross), Cheshunt town centre 3.1 miles, M25 (Jct 25) 3.7 miles, Central London 18 miles, Stansted Airport 27 miles

The property is situated on the edge of the village of Goff’s Oak, adjacent to Cheshunt and within moments of beautiful Hertfordshire countryside.
Goff’s Oak has various local amenities, including a Boots, post office, Co-op, pub, doctor’s surgery, library and leisure facilities, while Cheshunt
offers further amenities including a wider range of shops and large supermarkets. Schooling in the area includes state primary and secondary schooling in Goff’s Oak, while independent schools are within easy reach, including Queenswood School in Hatfield and St. John’s, Stormont
and Lochinver House in Potters Bar. Cuffley Hill also offers a range of shops, restaurants and beauty salons. The area is well connected for
transport, with the M25 just over three
miles away. Meanwhile, rail services can be accessed at Cuffley, less than a mile away (40 minutes to London Kings Cross).

Agent Details

Strutt & Parker, Cuffley

01707 245354

Next Steps?

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