3 Bed Semi-Detached House, Refurb/BRRR, Watford, WD24 6RL, £450,000

Leggatts Wood Avenue, Watford, WD24 6RL - 1 views - 8 months ago

Sold STC
Refurb/BRRR
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£372K - £555K
Sold Prices/m²£4K/m² - £7.5K/m²

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£463,500
BMV3%

 

 

End Value (After Refurb)

£484,579

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£33,700

Refurb Costs

£49,214

Bridging Loan Interest

£11,813

Total Cash In

£208,976

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£484,579

Mortgage (After Refinance)

£363,434

Mortgage LTV

75%

Cash Released

£25,934

Cash Left In

£183,042

Equity

£121,145

Rent Range

£1,600 - £2,350

Rent Estimate

£1,934

Running Costs/mo

£1,921

Cashflow/mo

£13

Cashflow/yr

£155

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £372K to £555K, average is £475K. £4K/m² to £7.5K/m², average is £5.6K/m².

PriceDateDistanceAddressBeds 
£485K04/210 mi27, Leggatts Wood Avenue, Watford, Hertfordshire WD24 6RL3
£458K04/210 mi51, Leggatts Wood Avenue, Watford, Hertfordshire WD24 6RL3
£510K03/230 mi45, Leggatts Wood Avenue, Watford, Hertfordshire WD24 6RL3
£465K09/230 mi69, Leggatts Wood Avenue, Watford, Hertfordshire WD24 6RL3
£418K11/200.03 mi98, Leggatts Wood Avenue, Watford, Hertfordshire WD24 6RP3
£405K04/210.03 mi78, Leggatts Wood Avenue, Watford, Hertfordshire WD24 6RP3
£425K03/210.06 mi50, Oakdene Road, Watford, Hertfordshire WD24 6RW3
£495K06/210.06 mi18, Oakdene Road, Watford, Hertfordshire WD24 6RW3
£480K06/210.06 mi55, Berry Avenue, Watford, Hertfordshire WD24 6RU3
£475K08/230.06 mi27, Berry Avenue, Watford, Hertfordshire WD24 6RU3
£480K06/210.06 mi21, Berry Avenue, Watford, Hertfordshire WD24 6RU3
£430K07/230.06 mi57, Berry Avenue, Watford, Hertfordshire WD24 6RU3
£490K03/210.07 mi75, Oakdene Road, Watford, Hertfordshire WD24 6RN3
£500K02/240.08 mi6, Berry Avenue, Watford, Hertfordshire WD24 6RY3
£446K03/210.08 mi58, Berry Avenue, Watford, Hertfordshire WD24 6RY3
£407K12/200.08 mi48, Berry Avenue, Watford, Hertfordshire WD24 6RY3
£465K06/210.09 mi10, Cherry Tree Road, Watford, Hertfordshire WD24 6SB3
£526K11/220.11 mi82, Berry Avenue, Watford, Hertfordshire WD24 6RY3
£420K01/210.11 mi77, North Western Avenue, Watford, Hertfordshire WD25 0AG3
£499.9K11/200.11 mi101, North Western Avenue, Watford, Hertfordshire WD25 0AG3
£465K05/210.12 mi56, Beechwood Rise, Watford, Hertfordshire WD24 6SG3
£475K03/240.12 mi18, Hazel Tree Road, Watford, Hertfordshire WD24 6RQ3
£491.3K06/210.12 mi12, Hazeltree Road, Watford, Hertfordshire WD24 6RQ3
£400K06/210.13 mi163, North Western Avenue, Watford, Hertfordshire WD25 0AQ3
£515K08/230.14 mi85, Beechwood Rise, Watford, Hertfordshire WD24 6SQ3
£400K08/210.15 mi110, North Western Avenue, Watford, Hertfordshire WD25 0AJ3
£372K05/210.17 mi85, Middle Way, Watford, Hertfordshire WD24 6HR3
£440K05/210.17 mi73, Middle Way, Watford, Hertfordshire WD24 6HR3
£512.5K06/210.17 mi19, Beechwood Rise, Watford, Hertfordshire WD24 6SE3
£505K06/210.17 mi37, Beechwood Rise, Watford, Hertfordshire WD24 6SE3
£480K04/210.17 mi29, Beechwood Rise, Watford, Hertfordshire WD24 6SE3
£453K12/200.18 mi10, East Drive, Watford, Hertfordshire WD25 0AH3
£477K02/210.18 mi6, East Drive, Watford, Hertfordshire WD25 0AH3
£425K12/230.18 mi25, East Drive, Watford, Hertfordshire WD25 0AH3
£510K07/230.22 mi27, Bushey Mill Crescent, Watford, Hertfordshire WD24 7RA3
£415K02/210.23 mi59, Fuller Road, Watford, Hertfordshire WD24 6QH3
£415K02/210.23 mi59, Fuller Road, Watford, Hertfordshire WD24 6QH3
£415K03/210.27 mi27, Woodside, Watford, Hertfordshire WD24 6QT3
£425K01/210.28 mi24, Middle Way, Watford, Hertfordshire WD24 6HL3
£447.5K06/210.28 mi26, Middle Way, Watford, Hertfordshire WD24 6HL3
£555K02/230.28 mi21, Woodside, Watford, Hertfordshire WD24 6QT3
£475K11/220.28 mi47, Woodside, Watford, Hertfordshire WD24 6QT3
£480K12/230.28 mi31, Woodside, Watford, Hertfordshire WD24 6QT3
£516K11/210.28 mi68, Bushey Mill Crescent, Watford, Hertfordshire WD24 7RD3
£550K02/210.28 mi78, Bushey Mill Crescent, Watford, Hertfordshire WD24 7RD3
£540K09/230.3 mi139, Bushey Mill Crescent, Watford, Hertfordshire WD24 7RB3
£500K08/210.3 mi77, Bushey Mill Crescent, Watford, Hertfordshire WD24 7RB3
£485K06/210.31 mi19, Fuller Road, Watford, Hertfordshire WD24 6QG3
£420K10/210.31 mi211, Sandringham Road, Watford, Hertfordshire WD24 7BH3
£440K08/210.31 mi195, Sandringham Road, Watford, Hertfordshire WD24 7BH3

Local Rents

19 rents from £1.6K/mo to £2.4K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£2,35012/240.09 mi-3
£1,80001/250.15 mi-3
£1,90008/240.19 mi-3
£2,30010/240.22 miPurbrock Avenue, Watford, Hertfordshire, WD253
£2,30010/240.22 miPurbrock Avenue, WATFORD3
£1,78010/240.25 mi-3
£2,10010/240.28 mi-3
£2,10012/240.28 mi-3
£1,80008/240.45 mi-3
£2,00003/250.45 mi-3
£2,00003/250.46 mi-3
£1,72510/240.5 miThe Harebreaks, North Watford, Watford, WD243
£2,05009/240.52 mi-3
£1,60010/240.53 miLeavesden Road, Watford, WD243
£1,60010/240.53 mi-3
£1,60003/250.53 mi-3
£2,00010/240.56 miBrighton Road, Watford, WD243
£1,95002/250.56 mi-3
£1,80002/250.62 mi-3

Local Area Statistics

Population in WD24

21,827

Population in Watford

117,094

Town centre distance

1.28 miles away

Nearest school

0.20 miles away

Nearest train station

0.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £450,000

December 26, 2024

Price changed to £465,000

December 4, 2024

Listed for £475,000

July 5, 2024

Floor Plans

Description

  • NO UPPER CHAIN +

  • SEMI-DETACHED HOUSE +

  • TWO RECEPTION ROOMS +

  • FITTED KITCHEN & CONSERVATORY ROOM +

  • THREE WELL-PROPORTIONED BEDROOMS +

  • EXPANSIVE REAR GARDEN +

  • OFF-STREET PARKING FOR SEVERAL CARS +

SUMMARY
NO UPPER CHAIN SEMI-DETACHED HOUSE TWO RECEPTION ROOMS FITTED KITCHEN & CONSERVATORY ROOM THREE WELL-PROPORTIONED BEDROOMS EXPANSIVE REAR GARDEN SCOPE FOR MODERNISATION OFF-STREET PARKING IDEAL FAMILY HOME

DESCRIPTION
NO UPPER CHAIN

Connells are delighted to bring this well-presented semi-detached hour to the market that is located on a quiet residential road in North Watford. The property briefly comprises two reception rooms, a fitted kitchen, three reception rooms and a shower room. Benefits include an additional conservatory room, an expansive well-maintained rear garden with shed and summerhouse with electrics, off-street parking for several cars, the scope for modernisation as well as holding the potential to extend (STPP).
An ideal family home, the property is conveniently located with access to several transport links including North Watford Station as well as the M1, A41 & M25 motorways. There are a variety of well-regarded nurseries, primary schools and secondary schools within catchments. There are a range of local shops and amenities within walking distance as well as being a short drive away from the vibrant Watford High Street and Shopping Centre with it array of shops, eateries, entertainment and recreational facilities.
For more information or to arrange a viewing, please contact Connells today.

Agents Note 
It is our understanding that the Property is not registered at the Land Registry which is the case with a significant proportion of land across England and Wales. Your conveyancer will take the necessary steps and advise you accordingly.

Entrance Hall 
Door to front aspect, window to front aspect, stairs to first floor landing, under-stairs storage, radiator.

Living Room  Irregular Shaped Room 12' 5" x 11' 4" ( 3.78m x 3.45m )
Bay window to front aspect, television point, telephone point, feature fire place, radiator.

Dining Room  12' 9" x 10' 3" ( 3.89m x 3.12m )
Sliding patio doors to rear, radiator.

Kitchen  11' 5" x 6' 4" ( 3.48m x 1.93m )
Fitted kitchen comprised of wall and base units with work surfaces and tiling to complement, window to rear aspect, sink with drainer, gas hob with extractor hood, electric oven, plumbing for washing machine, space for fridge/freezer.

Conservatory  7' 8" x 7' 8" ( 2.34m x 2.34m )
Windows to side and rear aspect, door to rear garden, outside tap.

First Floor Landing  
Stairs from entrance hall, window to side aspect, radiator.

Bedroom One 10' 4" x 11' 8" ( 3.15m x 3.56m )
Window to rear aspect, fitted wardrobes, radiator, shower cubicle.

Bedroom Two  10' 4" x 10' 1" ( 3.15m x 3.07m )
Window to front aspect, radiator.

Bedroom Three 6' 8" x 6' 5" ( 2.03m x 1.96m )
Window to front aspect, radiator.

Shower Room  
Window to rear aspect, shower cubicle, WC, wash hand basin, storage cupboard.

Outside  

Front Garden  
Off-street parking for several calls.

Rear Garden  
Expansive rear garden, paved patio area, stairs to laid lawn area, trees and shrubberies, storage shed, summer house with electricity, shed with electric, plumbing for outside toilet, outside tap.

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: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Watford

01923 961934

Next Steps?

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