2 Bed Flat, Refurb/BRRR, Rickmansworth, WD3 8QY, £299,950

St. Peters Close, Rickmansworth, WD3 8QY - 4 views - 9 months ago

Leasehold
Refurb/BRRR
ROI: 3%
~51 m²
+3 photos

ValuationOvervalued

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

 

 

Square Metres

~51 m²
Price/m²£5.9K/m²

Value Estimate

£269,303

 

 

End Value (After Refurb)

£307,523

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£74,988

Stamp Duty & Legal Fees

£12,696

Refurb Costs

£26,988

Bridging Loan Interest

£7,874

Total Cash In

£124,295

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£307,523

Mortgage (After Refinance)

£230,642

Mortgage LTV

75%

Cash Released

£5,680

Cash Left In

£118,615

Equity

£76,881

Rent Range

£1,350 - £2,850

Rent Estimate

£1,634

Running Costs/mo

£1,308

Cashflow/mo

£326

Cashflow/yr

£3,914

ROI

3%

Gross Yield

7%

Local Sold Prices

34 sold prices from £147.5K to £525K, average is £327.8K. £1.8K/m² to £9.3K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£328K04/210 miFlat 22, Vine Tree Court, St Peters Close, Mill End, Rickmansworth, Hertfordshire WD3 8QY2
£294K12/220 miFlat 10, Vine Tree Court, St Peters Close, Mill End, Rickmansworth, Hertfordshire WD3 8QY2
£327.5K04/210 miFlat 29, Vine Tree Court, St Peters Close, Mill End, Rickmansworth, Hertfordshire WD3 8QY2
£317.5K02/230 miFlat 11, Vine Tree Court, St Peters Close, Mill End, Rickmansworth, Hertfordshire WD3 8QY2
£328K09/210.18 miFlat 4, St. Johns Court, Berry Lane, Rickmansworth, Hertfordshire WD3 7HU2
£360K04/210.18 miFlat 3, St. Johns Court, Berry Lane, Rickmansworth, Hertfordshire WD3 7HU2
£345K12/220.18 miFlat 5, St. Johns Court, Berry Lane, Rickmansworth, Hertfordshire WD3 7HU2
£320K06/210.21 miFlat 17, Mill Stream Lodge, Uxbridge Road, Rickmansworth, Hertfordshire WD3 8JQ2
£335K11/200.26 mi46, West Way, Rickmansworth, Hertfordshire WD3 7EN2
£147.5K03/210.27 mi72a, Church Lane, Mill End, Rickmansworth, Hertfordshire WD3 8HE2
£252.5K11/220.29 mi9, Barn Lea, Mill End, Rickmansworth, Hertfordshire WD3 8QZ2
£275K08/210.3 mi1, Fearney Mead, Mill End, Rickmansworth, Hertfordshire WD3 8QF2
£331.5K12/220.31 mi16, Colne Mead, Mill End, Rickmansworth, Hertfordshire WD3 8DX2
£275K07/230.31 mi12, Colne Mead, Mill End, Rickmansworth, Hertfordshire WD3 8DX2
£370K01/230.36 mi260a, Uxbridge Road, Mill End, Rickmansworth, Hertfordshire WD3 8EA2
£330K12/230.41 mi30, The Willows, Mill End, Rickmansworth, Hertfordshire WD3 8YY2
£315K02/210.48 miFlat 12, Willow Court, Springwell Lane, Rickmansworth, Greater London WD3 8UZ2
£525K02/210.5 mi10a, Nightingale Road, Rickmansworth, Hertfordshire WD3 7DF2
£282.5K11/230.52 mi29, Thompson Way, Rickmansworth, Hertfordshire WD3 8GP2
£300K12/220.52 mi16, Thompson Way, Rickmansworth, Hertfordshire WD3 8GP2
£340K04/210.6 miFlat 8, Willow Court, Springwell Lane, Rickmansworth, Greater London WD3 8UZ2
£330K06/230.6 miFlat 6, Willow Court, Springwell Lane, Rickmansworth, Greater London WD3 8UZ2
£465K06/230.61 mi1, Rectory Road, Rickmansworth, Hertfordshire WD3 1FH2
£390K10/200.65 miFlat 4, Chiltern Rise, Rectory Road, Rickmansworth, Hertfordshire WD3 1GD2
£386.5K11/220.76 mi39, Bury Meadows, Rickmansworth, Hertfordshire WD3 1DR2
£325K01/210.76 mi30, Bury Meadows, Rickmansworth, Hertfordshire WD3 1DR2
£325K09/230.76 mi22, Bury Meadows, Rickmansworth, Hertfordshire WD3 1DR2
£350K05/210.76 mi27, Bury Meadows, Rickmansworth, Hertfordshire WD3 1DR2
£300K04/230.9 mi4, Norfolk Road, Rickmansworth, Hertfordshire WD3 1QE2
£340K06/210.94 mi81, Church Street, Rickmansworth, Hertfordshire WD3 1JF2
£320K06/230.97 miFlat 33, Hutchings Lodge, High Street, Rickmansworth, Hertfordshire WD3 1EY2
£300.1K05/210.97 miFlat 41, Hutchings Lodge, High Street, Rickmansworth, Hertfordshire WD3 1EY2
£305K02/210.97 miFlat 42, Hutchings Lodge, High Street, Rickmansworth, Hertfordshire WD3 1EY2
£352K03/210.98 mi38, Skidmore Way, Rickmansworth, Hertfordshire WD3 1TA2

Local Rents

13 rents from £1.4K/mo to £2.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,75010/240.11 miUxbridge Road, Rickmansworth2
£1,50011/240.18 mi-2
£1,45003/250.18 mi-2
£1,55003/250.3 mi-2
£1,55003/250.32 mi-2
£1,45002/250.33 mi-2
£1,50010/240.37 miUxbridge Road, Mill End, Rickmansworth, Hertfordshire, WD3 8EA2
£1,35003/250.4 mi-2
£1,50010/240.41 miThe Willows, Rickmansworth, WD32
£2,85002/250.45 mi-2
£1,40010/240.45 miWilliamson Way Rickmansworth WD32
£1,52510/240.46 miThe Greenway, Rickmansworth2
£1,55010/240.55 miThellusson Way, Penn Heights, Rickmansworth2

Local Area Statistics

Population in WD3

40,831

Population in Rickmansworth

40,832

Town centre distance

0.46 miles away

Nearest school

0.20 miles away

Nearest train station

0.75 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £299,950

July 10, 2024

Sold for £208,000

2008

Sold for £159,950

2002

Sold for £95,000

1999

Floor Plans

Description

  • NO CHAIN +
  • LIVING ROOM +
  • DINING AREA +
  • KITCHEN +
  • TWO BEDROOMS +
  • BATHROOM +
  • ALLOCATED PARKING BAY +
  • VISITOR PARKING AVAILABLE +
  • COMMUNAL GROUNDS +

A TWO BEDROOM FIRST FLOOR APARTMENT in need of some modernisation, positioned in a small residential development, a short walk away from local shops and Rickmansworth Town Centre.

The property offers a good-sized living room leading to a modern fitted kitchen with a convenient dining area. There are two bedrooms, both with built-in cupboard space and a modern bathroom.

There is one allocated parking space, visitors parking and well-maintained communal grounds within the development.

Situated within 1¼ miles of Rickmansworth Town Centre and Metropolitan/Chiltern line station. The M25 can be reached via a short drive to junction 17. There are also country walks available at the Aquadrome towards the Colne Valley.

Agent Details

Trend & Thomas, Rickmansworth

01923 961920

Next Steps?

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