3 Bed Semi-Detached House, Planning Permission, Watford, WD24 7PF, £650,000

232 Bushey Mill Lane, Watford, Hertfordshire, WD24 7PF - 9 months ago

Sold STC
Planning
78 m²
+12 photos

ValuationOvervalued

Sold Prices£437K - £650K
Sold Prices/m²£4.6K/m² - £8.5K/m²

 

 

Square Metres

78 m²
Price/m²£8.3K/m²

Value Estimate

£448,500

 

 

End Value (After Refurb)

£610,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£40,700

Refurb Costs

£41,276

Bridging Loan Interest

£17,063

Total Cash In

£263,288

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£610,000

Mortgage (After Refinance)

£457,500

Mortgage LTV

75%

Cash Left In

£263,288

Equity

£152,500

Rent Range

£1,600 - £2,650

Rent Estimate

£1,921

Running Costs/mo

£2,310

Cashflow/mo

£-389

Cashflow/yr

£-4,673

Gross Yield

4%

Local Sold Prices

50 sold prices from £437K to £650K, average is £525K. £4.6K/m² to £8.5K/m², average is £5.7K/m².

PriceDateDistanceAddressBeds 
£542K09/230.03 mi123, Westfield Avenue, Watford, Hertfordshire WD24 7HF3
£465K04/230.03 mi89, Westfield Avenue, Watford, Hertfordshire WD24 7HF3
£525K02/230.05 mi96, Westfield Avenue, Watford, Hertfordshire WD24 7HE3
£610K03/230.05 mi76, Westfield Avenue, Watford, Hertfordshire WD24 7HE3
£570K08/220.1 mi4, Radlett Road, Watford, Hertfordshire WD24 4LP3
£520K04/210.1 mi30, Radlett Road, Watford, Hertfordshire WD24 4LP3
£580K06/210.11 mi24, Hibbert Avenue, Watford, Hertfordshire WD24 4HD3
£575K01/240.11 mi44, Hibbert Avenue, Watford, Hertfordshire WD24 4HD3
£615K02/230.11 mi32, Woodmere Avenue, Watford, Hertfordshire WD24 7LN3
£500K01/210.13 mi17, Woodmere Avenue, Watford, Hertfordshire WD24 7LR3
£530K12/230.15 mi31, Knutsford Avenue, Watford, Hertfordshire WD24 7EQ3
£595K08/230.15 mi33, Knutsford Avenue, Watford, Hertfordshire WD24 7EQ3
£555K12/220.17 mi63, Hillrise Avenue, Watford, Hertfordshire WD24 7NP3
£437K11/200.19 mi180, Balmoral Road, Watford, Hertfordshire WD24 4EY3
£591K11/220.19 mi22, Hillrise Avenue, Watford, Hertfordshire WD24 7NR3
£455K03/210.21 mi5, Munden Grove, Watford, Hertfordshire WD24 7EF3
£490K10/230.21 mi18, Eastfield Avenue, Watford, Hertfordshire WD24 4HG3
£550K09/230.23 mi120, Bushey Mill Lane, Watford, Hertfordshire WD24 7PB3
£525K06/210.23 mi7, Westfield Avenue, Watford, Hertfordshire WD24 7EA3
£530K11/210.23 mi15, Westfield Avenue, Watford, Hertfordshire WD24 7EA3
£555K11/220.25 mi55, Eastfield Avenue, Watford, Hertfordshire WD24 4HH3
£455.5K05/210.25 mi10, Tavistock Road, Watford, Hertfordshire WD24 4HL3
£580K07/230.25 mi8, Tavistock Road, Watford, Hertfordshire WD24 4HL3
£520K03/210.25 mi15, Eastfield Avenue, Watford, Hertfordshire WD24 4HH3
£600K11/230.26 mi24, Eastfield Avenue, Watford, Hertfordshire WD24 4HQ3
£490K10/200.26 mi3, Norfolk Avenue, Watford, Hertfordshire WD24 7DZ3
£500K06/230.27 mi46, Radlett Road, Watford, Hertfordshire WD24 4LL3
£510K06/210.27 mi40, Norfolk Avenue, Watford, Hertfordshire WD24 7DY3
£488.3K04/210.28 mi72, Devon Road, Watford, Hertfordshire WD24 4HN3
£485K10/200.28 mi44, Devon Road, Watford, Hertfordshire WD24 4HN3
£525K06/210.29 mi7, Westfield Avenue, Watford, Hertfordshire WD24 7EA3
£467.5K12/200.3 mi47, Southfield Avenue, Watford, Hertfordshire WD24 7DX3
£468K04/210.31 mi55, Tudor Walk, Watford, Hertfordshire WD24 7NY3
£482K09/210.31 mi30, Douglas Avenue, Watford, Hertfordshire WD24 7LT3
£545K12/230.31 mi55, Devon Road, Watford, Hertfordshire WD24 4HW3
£600K06/230.32 mi62, Tudor Walk, Watford, Hertfordshire WD24 7PA3
£550K11/220.32 mi68, Balmoral Road, Watford, Hertfordshire WD24 4ET3
£560K08/230.33 mi98, Southfield Avenue, Watford, Hertfordshire WD24 7DU3
£525K03/210.33 mi70, Southfield Avenue, Watford, Hertfordshire WD24 7DU3
£475K07/230.33 mi37, Douglas Avenue, Watford, Hertfordshire WD24 7LU3
£540K04/230.34 mi4, Southfield Avenue, Watford, Hertfordshire WD24 7DS3
£465K10/230.34 mi3, Carisbrooke Avenue, Watford, Hertfordshire WD24 4HU3
£490K03/210.34 mi16, Carisbrooke Avenue, Watford, Hertfordshire WD24 4HU3
£480K03/210.34 mi28, Carisbrooke Avenue, Watford, Hertfordshire WD24 4HU3
£475K06/210.37 mi68, Colne Way, Watford, Hertfordshire WD24 7NA3
£460K10/200.37 mi60, Colne Way, Watford, Hertfordshire WD24 7NA3
£485K07/230.41 mi131, Tudor Walk, Watford, Hertfordshire WD24 7NZ3
£650K01/240.42 mi127, Mill Way, Bushey, Hertfordshire WD23 2AE3
£590K03/210.42 mi145, Mill Way, Bushey, Hertfordshire WD23 2AE3
£499K08/230.43 mi2, Leander Gardens, Watford, Hertfordshire WD25 9DW3

Local Rents

44 rents from £1.6K/mo to £2.6K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£1,90010/240.28 miDevon Road, Watford, WD243
£1,80002/250.32 mi-3
£2,10002/250.35 mi-3
£1,80003/250.46 mi-3
£2,00003/250.49 mi-3
£2,00010/240.52 mi-3
£1,85010/240.59 miMallard Way, Watford, Hertfordshire, WD253
£1,95002/250.63 mi-3
£2,00010/240.63 miMonica Close, Watford3
£1,72510/240.63 miThe Harebreaks, North Watford, Watford, WD243
£1,78010/240.67 mi-3
£2,00002/240.67 mi-3
£2,00002/250.67 mi-3
£1,70003/250.68 mi-3
£2,50001/250.69 mi-3
£2,50001/250.69 mi-3
£1,75010/240.7 miLeavesden Road, Watford3
£1,80010/240.75 miBowmans Green, Watford3
£1,70012/240.78 mi-3
£2,00003/250.81 mi-3
£1,60010/240.81 miLeavesden Road, Watford, WD243
£1,60010/240.81 mi-3
£1,60003/250.81 mi-3
£1,89002/240.82 mi-3
£1,79002/250.82 mi-3
£2,35012/240.82 mi-3
£2,10010/240.88 mi-3
£2,10012/240.88 mi-3
£2,30010/240.89 miPurbrock Avenue, Watford, Hertfordshire, WD253
£2,30010/240.89 miPurbrock Avenue, WATFORD3
£2,00010/240.9 miBrighton Road, Watford, WD243
£2,15003/250.96 mi-3
£1,89910/240.97 mi-3
£1,95003/250.97 mi-3
£1,80001/250.99 mi-3
£1,90008/241.03 mi-3
£2,00004/251.03 mi-3
£2,30010/241.06 miPurbrock Avenue, Watford, Hertfordshire, WD253
£2,30003/251.07 mi-3
£1,65004/251.12 mi-3
£2,60011/241.18 mi-3
£2,65012/241.18 mi-3
£2,00010/241.18 miRother Close, Watford, Hertfordshire, WD253
£1,80010/241.19 miBushey Hall Road, BUSHEY3

Local Area Statistics

Population in WD24

21,827

Population in Watford

117,094

Town centre distance

0.96 miles away

Nearest school

0.10 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £650,000

July 2, 2024

Sold for £605,000

2022

Sold for £330,000

2019

Sold for £287,950

2007

Sold for £129,000

1998

Floor Plans

Description

  • 3-Bedroom Semi-Detached House +
  • 2 Reception Rooms +
  • Garage & Driveway +
  • Front & Rear Garden +
  • Planning Permission Approved For Side Extension +
  • 0.4 Miles To Watford North Station +
  • Major Road Links Such As The M1, M25 & A41 Near By +
  • Close To Local Shops, Schools, Bus Stops & All Other Amenities +

SUMMARY
Beautifully maintained 3-bedroom semi-detached house boasting 2 reception rooms, a garage & a driveway, situated in a prime location. Perfect for families seeking comfort & convenience. Call us today to view!

DESCRIPTION
This immaculate 3-bedroom semi-detached house features a garage, driveway, two elegant reception rooms, a modern kitchen & a pristine bathroom. The property includes two generously sized bedrooms and one cozy smaller bedroom, complemented by a charming garden. Perfectly situated just 0.4 miles from Watford North Station which allows quick and easy access to London Euston. Also, many excellent schools are in close proximity such as Watford Grammar School for Girls which is only 1.6 miles away & Watford Grammar School for Boys is just 2.2 miles away. The property also offers seamless access to major road links such as the M1, M25 & A41, as well as being conveniently close to local shops, bus stops and various other amenities. Additionally, this charming property already has planning permission granted for a side extension.

Entrance 

Lounge 27' 8" x 12' 4" ( 8.43m x 3.76m )

Kitchen 8' 2" x 8' 2" ( 2.49m x 2.49m )

Bedroom 1 14' 4" x 11' 1" ( 4.37m x 3.38m )

Bedroom 2 14' 1" x 11' 1" ( 4.29m x 3.38m )

Bedroom 3 8' 8" x 7' 1" ( 2.64m x 2.16m )

Bathroom 6' 8" x 6' 8" ( 2.03m x 2.03m )

Garage 15' 4" x 8' 2" ( 4.67m x 2.49m )

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Brown & Merry, Watford

01923 961759

Next Steps?

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