2 Bed Flat, Single Let, WD5 0FB £265,000

School Mead, Abbots Langley, WD5 0FB - 3 views - a year ago

Leasehold

BTL

ROI: 5%

~67 m²

ValuationUndervalued

Sold Prices	£190K - £419K
Sold Prices/m²	£3.6K/m² - £7.1K/m²

Square Metres	~66.50 m²
Price/m²	£4K/m²
Value Estimate	£320,650£320,650
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£66,250£66,250
Stamp Duty & Legal Fees	£15,200£15,200
Total Cash In	£81,450£81,450

Cash Out
Rent Range	£1,295 - £2,000£1,295 - £2,000
Rent Estimate	£1,475
Running Costs/mo	£1,143£1,143
Cashflow/mo	£332£332
Cashflow/yr	£3,983£3,983
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £190K to £419K, average is £287.5K. £3.6K/m² to £7.1K/m², average is £4.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£280K	02/24	0.01 mi	Green View Court, 25, School Mead, Abbots Langley WD5 0FB	£3,733	75	2	Flat
£264K	10/24	0.38 mi	41, De Havilland Way, Abbots Langley WD5 0XF	£4,190	63	2	Flat
£264K	10/24	0.38 mi	41, De Havilland Way, Abbots Langley WD5 0XF	-	-	2	Flat
£191.3K	12/22	0.4 mi	19, De Havilland Way, Abbots Langley, Hertfordshire WD5 0XF	£3,577	53	2	Flat
£190K	09/21	0.4 mi	21, De Havilland Way, Abbots Langley, Hertfordshire WD5 0XF	-	-	2	Flat
£400K	06/24	0.44 mi	Pegasus Court, 4, De Havilland Way, Abbots Langley WD5 0XE	£7,143	56	2	Flat
£265K	02/23	0.47 mi	Flat 8, Sabine House, Shirley Road, Abbots Langley, Hertfordshire WD5 0NF	-	-	2	Flat
£283K	08/22	0.49 mi	Flat 8, Burley House, Queens Drive, Abbots Langley, Hertfordshire WD5 0PR	-	-	2	Flat
£410K	06/24	0.5 mi	15, Bridge Road, Hunton Bridge, Kings Langley, Hertfordshire WD4 8RQ	£4,659	88	2	Flat
£300K	10/24	0.5 mi	Rayleigh House, 9, Shirley Road, Abbots Langley WD5 0NE	£4,762	63	2	Flat
£250K	09/22	0.5 mi	Flat 1a, Rayleigh House, Shirley Road, Abbots Langley, Hertfordshire WD5 0NE	-	-	2	Flat
£265K	06/23	0.5 mi	127, Wharf Way, Hunton Bridge, Kings Langley, Hertfordshire WD4 8FN	£4,492	59	2	Flat
£312K	05/25	0.5 mi	124, Wharf Way, Kings Langley WD4 8FN	£5,032	62	2	Flat
£312K	05/25	0.5 mi	124, Wharf Way, Kings Langley WD4 8FN	-	-	2	Flat
£250K	08/24	0.51 mi	Rayleigh House, 1a, Shirley Road, Abbots Langley WD5 0NE	£4,464	56	2	Flat
£260K	07/22	0.52 mi	8, Wharf Way, Hunton Bridge, Kings Langley, Hertfordshire WD4 8FL	-	-	2	Flat
£305K	05/24	0.54 mi	55, Wharf Way, Kings Langley WD4 8FL	£5,000	61	2	Flat
£323K	06/21	0.54 mi	43, Adrian Road, Abbots Langley, Hertfordshire WD5 0AG	-	-	2	Flat
£322.5K	05/25	0.54 mi	10, The Limes, Bridge Road, Kings Langley WD4 8FJ	£3,624	89	2	Flat
£322.5K	05/25	0.54 mi	10, The Limes, Bridge Road, Kings Langley WD4 8FJ	-	-	2	Flat
£419K	09/24	0.54 mi	58, Wharf Way, Hunton Bridge WD4 8FL	£3,844	109	2	Flat
£419K	09/24	0.54 mi	58, Wharf Way, Hunton Bridge WD4 8FL	-	-	2	Flat
£290K	07/24	0.54 mi	38, Wharf Way, Kings Langley WD4 8FL	£4,847	60	2	Flat
£325K	02/23	0.57 mi	Flat 3, Adrian House, High Street, Abbots Langley, Hertfordshire WD5 0AH	-	-	2	Flat
£265K	02/25	0.58 mi	Adrian House, 2, High Street, Abbots Langley WD5 0AH	£4,274	62	2	Flat
£265K	02/25	0.58 mi	2, Adrian House, High Street, Abbots Langley WD5 0AH	-	-	2	Flat
£250K	10/24	0.75 mi	26, Tylersfield, Abbots Langley WD5 0PS	£4,808	52	2	Flat
£250K	10/24	0.75 mi	26, Tylersfield, Abbots Langley WD5 0PS	-	-	2	Flat
£272.5K	06/21	0.75 mi	39, Tylersfield, Abbots Langley, Hertfordshire WD5 0PS	£5,505	50	2	Flat
£247K	02/23	0.75 mi	40, Tylersfield, Abbots Langley, Hertfordshire WD5 0PS	-	-	2	Flat
£235K	11/24	0.78 mi	Breakspear Court, 6, The Crescent, Abbots Langley WD5 0DP	£4,352	54	2	Flat
£235K	11/24	0.78 mi	6, Breakspear Court, The Crescent, Abbots Langley WD5 0DP	-	-	2	Flat
£280K	11/24	0.79 mi	42, Tylersfield, Abbots Langley WD5 0PS	£5,714	49	2	Flat
£280K	11/24	0.79 mi	42, Tylersfield, Abbots Langley WD5 0PS	-	-	2	Flat
£270K	11/21	0.79 mi	2, Breakspear Court, Abbots Langley, Hertfordshire WD5 0DP	£5,294	51	2	Flat
£315K	08/24	0.81 mi	Breakspear Court, 29, The Crescent, Abbots Langley WD5 0DP	£6,058	52	2	Flat
£285K	08/24	0.81 mi	Breakspear Court, 31, The Crescent, Abbots Langley WD5 0DP	£5,000	57	2	Flat
£417K	03/25	0.84 mi	41, Stewart Close, Abbots Langley WD5 0LU	£6,950	60	2	Flat
£417K	03/25	0.84 mi	41, Stewart Close, Abbots Langley WD5 0LU	-	-	2	Flat
£310K	10/22	0.84 mi	111, High Road, Leavesden, Watford, Hertfordshire WD25 7LL	£5,006	62	2	Flat
£260K	05/25	0.85 mi	30, Parsonage Close, Abbots Langley WD5 0BQ	-	-	2	Flat
£260K	05/25	0.85 mi	30, Parsonage Close, Abbots Langley WD5 0BQ	£4,643	56	2	Flat
£300K	06/21	0.86 mi	40, Linden Lea, Watford, Hertfordshire WD25 7DR	£6,122	49	2	Flat
£310K	12/21	0.86 mi	Flat 41, Leavesden Court, Mallard Road, Abbots Langley, Hertfordshire WD5 0GT	-	-	2	Flat
£407.5K	10/24	0.87 mi	46, Millworks, Home Park Mill Link, Kings Langley WD4 8FY	£5,507	74	2	Flat
£407.5K	10/24	0.87 mi	46, Millworks, Home Park Mill Link, Kings Langley WD4 8FY	-	-	2	Flat
£320K	04/25	0.87 mi	28, Leavesden Court, Mallard Road, Abbots Langley WD5 0GT	£4,324	74	2	Flat
£320K	04/25	0.87 mi	28, Leavesden Court, Mallard Road, Abbots Langley WD5 0GT	-	-	2	Flat
£320K	05/25	0.87 mi	40, Leavesden Court, Mallard Road, Abbots Langley WD5 0GT	£3,855	83	2	Flat
£320K	05/25	0.87 mi	40, Leavesden Court, Mallard Road, Abbots Langley WD5 0GT	-	-	2	Flat

Local Rents

42 rents from £1.3K/mo to £2K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,600	09/25	0 mi	School Mead, Abbots Langley, WD5, Watford, Abbots Langley, WD5	2	Flat
£1,550	08/25	0.01 mi	Close to Train station	2	Flat
£1,600	10/25	0.01 mi	-	2	Flat
£1,550	09/25	0.01 mi	Green View Court, School Mead, Abbots Langley, Hertfordshire, WD5	2	Flat
£1,550	10/25	0.01 mi	Green View Court, School Mead, Abbots Langley, Hertfordshire, WD5	2	Flat
£1,550	12/24	0.01 mi	-	2	Flat
£1,600	10/24	0.01 mi	Green View Court, School Mead, Abbots Langley WD5	2	Flat
£1,550	10/24	0.03 mi	-	2	Flat
£1,550	10/24	0.03 mi	-	2	Flat
£1,550	01/25	0.03 mi	-	2	Flat
£1,700	05/25	0.32 mi	Furtherfield, Abbots Langley	2	Terraced House
£1,495	10/25	0.32 mi	Furtherfield, Abbots Langley, WD5	2	Terraced House
£2,000	09/25	0.34 mi	Gallows Hill Lane, Abbots Langley, Hertfordshire, WD5 0DA	2	Terraced House
£1,700	01/25	0.42 mi	Breakspeare Road, Abbots Langley	2	Terraced House
£1,450	10/24	0.45 mi	Oak Green, Abbots Langley	2	Terraced House
£1,695	11/25	0.45 mi	Breakspear Road, Abbots Langley	2	Terraced House
£1,400	09/25	0.47 mi	Sabine House, Shirley Road, Hertfordshire, WD5	2	Flat
£1,500	08/25	0.49 mi	Wharf Way, Hunton Bridge, WD4	2	Flat
£1,500	10/25	0.49 mi	Wharf Way, Kings Langley, WD4	2	Flat
£1,350	10/25	0.5 mi	Wharf Way, Hunton Bridge, Kings Langley, Hertfordshire, WD4	2	Flat
£1,650	06/25	0.52 mi	Old Mill Road, Kings Langley, WD4	2	Terraced House
£1,650	06/25	0.52 mi	-	2	Terraced House
£1,750	11/25	0.54 mi	Offord Grove, Leavesden, WATFORD	2	House
£1,295	05/24	0.54 mi	Adrian Close, Boxmoor, Hemel Hempstead	2	Flat
£1,350	06/25	0.54 mi	Adrian Close, Boxmoor, Hemel Hempstead	2	Flat
£1,350	10/25	0.54 mi	Adrian Close, Boxmoor, Hemel Hempstead	2	Flat
£1,500	10/24	0.54 mi	Margaret Close, WD5	2	Detached House
£1,600	09/25	0.54 mi	Wharf Way, Hunton Bridge, Kings Langley, Hertfordshire, WD4	2	Flat
£1,400	10/25	0.54 mi	Wharf Way, Hunton Bridge, Kings Langley	2	Flat
£1,650	11/25	0.55 mi	Wharf Way, Hunton Bridge, KINGS LANGLEY	2	Flat
£1,750	11/25	0.55 mi	23 Adrian Road, Abbots Langley, Hertfordshire	2	House
£1,750	11/25	0.55 mi	23 Adrian Road, Abbots Langley, Hertfordshire	2	House
£1,650	11/25	0.55 mi	-	2	Flat
£1,650	07/25	0.55 mi	Bridge Road, Hunton Bridge, Kings Langley, WD4	2	Flat
£1,525	09/25	0.55 mi	Lancaster Way, ABBOTS LANGLEY	2	Terraced House
£1,300	10/25	0.56 mi	Shirley Road, Abbots Langley, WD5	2	Flat
£1,700	10/25	0.57 mi	Cunningham Way, Watford, Leavesden, WD25	2	Flat
£1,650	08/25	0.59 mi	Cunningham Way, Leavesden, Watford, Hertfordshire, WD25	2	Flat
£1,750	02/24	0.59 mi	-	2	Flat
£1,695	02/24	0.59 mi	-	2	Flat
£1,695	07/24	0.59 mi	-	2	Flat
£1,525	10/24	0.6 mi	Swallows Oak	2	Flat

Local Area Statistics

Population in WD5	11,49111,491
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.75 miles away0.75 miles away

Rental growth (12m)	+9%+9%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+1%+1%

Property History

Listed for £265,000

July 11, 2024

Floor Plans

Description

Two Double Bedrooms +
Top Floor Apartment +
Great Condition Throughout +
Modern Kitchen and Bathrooms +
Overlooking the Green +
Parking Space +

Situated overlooking the attractive green at School Mead this stunning two double bedroom top floor apartment with parking and Juliette balcony is presented in great order throughout.
Inside, in addition to the two double bedrooms is a modern fitted kitchen, bathroom, plenty of storage plus an amazing through lounge/dining room with large window and Juliet balcony overlooking the green.
Further benefits include secure parking, a lift in the block and security gates at the entrance to the flats.
Located above local shops and within easy walking distance of great schools and Abbots Langley village High Street plus offered to the market with NO UPPER CHAIN - Phone now for further details and to arrange a viewing.

Agent Details

haart, Abbots Langley

01920 455621

Next Steps?

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

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