3 Bed Semi-Detached House, Refurb/BRRR, Rickmansworth, WD3 8HD, £675,000

Church Lane, Mill End, Rickmansworth, Hertfordshire, WD3 8HD - 3 views - 8 months ago

Under Offer
Refurb/BRRR
~93 m²
+9 photos

ValuationOvervalued

Sold Prices£365K - £1.0M
Sold Prices/m²£4.4K/m² - £8.3K/m²

 

 

Square Metres

~93 m²
Price/m²£7.3K/m²

Value Estimate

£526,996

 

 

End Value (After Refurb)

£551,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£168,750

Stamp Duty & Legal Fees

£42,700

Refurb Costs

£49,214

Bridging Loan Interest

£17,719

Total Cash In

£280,132

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£551,000

Mortgage (After Refinance)

£413,250

Mortgage LTV

75%

Cash Left In

£280,132

Equity

£137,750

Rent Range

£1,750 - £3,600

Rent Estimate

£1,953

Running Costs/mo

£2,132

Cashflow/mo

£-179

Cashflow/yr

£-2,154

Gross Yield

3%

Local Sold Prices

52 sold prices from £365K to £1.0M, average is £510K. £4.4K/m² to £8.3K/m², average is £5.6K/m².

PriceDateDistanceAddressBeds 
£527.5K01/230.02 mi73, Church Lane, Mill End, Rickmansworth, Hertfordshire WD3 8PT3
£426K12/200.04 mi20, Church Lane, Mill End, Rickmansworth, Hertfordshire WD3 8HD3
£485K01/210.04 mi48, Church Lane, Mill End, Rickmansworth, Hertfordshire WD3 8HD3
£475K10/230.04 mi20, Church Lane, Mill End, Rickmansworth, Hertfordshire WD3 8HD3
£520K06/210.08 mi15, Church Lane, Mill End, Rickmansworth, Hertfordshire WD3 8PS3
£525K10/200.09 mi79, Church Lane, Mill End, Rickmansworth, Hertfordshire WD3 8PU3
£410K06/210.09 mi81, Church Lane, Mill End, Rickmansworth, Hertfordshire WD3 8PU3
£400K03/230.09 mi105, Church Lane, Mill End, Rickmansworth, Hertfordshire WD3 8PU3
£510K09/230.09 mi52, Clarkfield, Mill End, Rickmansworth, Hertfordshire WD3 8FJ3
£510K09/230.09 mi52, Clarkfield, Mill End, Rickmansworth, Hertfordshire WD3 8FJ3
£551K04/210.09 mi5, St Peters Close, Mill End, Rickmansworth, Hertfordshire WD3 8UY3
£550K08/210.09 mi24, St Peters Close, Mill End, Rickmansworth, Hertfordshire WD3 8UY3
£405K11/200.1 mi21, Clarkfield, Mill End, Rickmansworth, Hertfordshire WD3 8FH3
£365K04/210.1 mi26, Clarkfield, Mill End, Rickmansworth, Hertfordshire WD3 8FH3
£854K08/210.1 mi13, Field Way, Rickmansworth, Hertfordshire WD3 7EL3
£720K03/210.11 mi47, Field Way, Rickmansworth, Hertfordshire WD3 7EL3
£780K02/230.13 mi24, Field Way, Rickmansworth, Hertfordshire WD3 7EJ3
£425K03/210.14 mi5, Hall Close, Mill End, Rickmansworth, Hertfordshire WD3 8US3
£420K04/210.14 mi6, Hall Close, Mill End, Rickmansworth, Hertfordshire WD3 8US3
£370K05/210.14 mi21, Hall Close, Mill End, Rickmansworth, Hertfordshire WD3 8US3
£447.5K05/210.14 mi15, Hall Close, Mill End, Rickmansworth, Hertfordshire WD3 8US3
£525K09/210.15 mi34, Maxwell Close, Mill End, Rickmansworth, Hertfordshire WD3 8BP3
£412.5K06/210.15 mi151, Church Lane, Mill End, Rickmansworth, Hertfordshire WD3 8PW3
£455K02/210.16 mi40, Maxwell Close, Mill End, Rickmansworth, Hertfordshire WD3 8BP3
£596.5K09/210.17 mi225, Uxbridge Road, Mill End, Rickmansworth, Hertfordshire WD3 8DP3
£620K10/230.18 mi10, Middleton Road, Mill End, Rickmansworth, Hertfordshire WD3 8JD3
£529.3K03/210.18 mi5, Middleton Road, Mill End, Rickmansworth, Hertfordshire WD3 8JD3
£485K05/210.2 mi34, Colne Avenue, Mill End, Rickmansworth, Hertfordshire WD3 8BS3
£507.5K11/230.21 mi19, Beauchamp Gardens, Mill End, Rickmansworth, Hertfordshire WD3 8EF3
£475K01/240.21 mi3, Beauchamp Gardens, Mill End, Rickmansworth, Hertfordshire WD3 8EF3
£905K11/210.21 mi16, Mount View, Rickmansworth, Hertfordshire WD3 7AY3
£390K02/230.22 mi64, West Way, Rickmansworth, Hertfordshire WD3 7EN3
£480K11/200.23 mi36, Tudor Way, Mill End, Rickmansworth, Hertfordshire WD3 8JB3
£650K06/210.23 mi4, Grove Road, Mill End, Rickmansworth, Hertfordshire WD3 8ED3
£665K10/200.25 mi84, Tudor Way, Rickmansworth, Hertfordshire WD3 8HS3
£598K09/210.25 mi76, Tudor Way, Rickmansworth, Hertfordshire WD3 8HS3
£380K12/200.25 mi51, Grove Road, Mill End, Rickmansworth, Hertfordshire WD3 8EB3
£437.5K09/230.25 mi39, Grove Road, Mill End, Rickmansworth, Hertfordshire WD3 8EB3
£437.5K09/230.25 mi39, Grove Road, Mill End, Rickmansworth, Hertfordshire WD3 8EB3
£620K02/230.25 mi3, Berry Lane, Rickmansworth, Hertfordshire WD3 7HJ3
£690K10/210.27 mi1a, Mount View, Rickmansworth, Hertfordshire WD3 7BA3
£1.0M10/230.29 miChantry Cottage, Berry Close, Rickmansworth, Hertfordshire WD3 7EZ3
£950K07/230.31 mi27, The Highlands, Rickmansworth, Hertfordshire WD3 7EW3
£970K09/210.31 mi12, The Highlands, Rickmansworth, Hertfordshire WD3 7EW3
£835K11/200.31 mi21, Park Way, Rickmansworth, Hertfordshire WD3 7AU3
£500K12/200.32 mi6, Williamson Way, Rickmansworth, Hertfordshire WD3 8GL3
£497.5K04/210.32 mi55, Williamson Way, Rickmansworth, Hertfordshire WD3 8GL3
£592.5K11/220.32 mi98, Williamson Way, Rickmansworth, Hertfordshire WD3 8GL3
£495K01/210.32 mi82, Williamson Way, Rickmansworth, Hertfordshire WD3 8GL3
£461K02/210.32 mi44, Orchard Way, Mill End, Rickmansworth, Hertfordshire WD3 8HZ3
£520K08/230.33 mi75, Springwell Avenue, Mill End, Rickmansworth, Hertfordshire WD3 8QD3
£752K03/210.34 mi142, Tudor Way, Rickmansworth, Hertfordshire WD3 7HL3

Local Rents

10 rents from £1.8K/mo to £3.6K/mo, average is £2.8K/mo.

RentDateDistanceAddressBeds 
£2,40009/240.57 mi-3
£2,27510/240.71 mi-3
£3,60001/250.83 mi-3
£2,85002/250.83 mi-3
£2,85003/250.83 mi-3
£2,75010/240.87 mi-3
£1,75010/240.9 miHigh Street3
£2,50003/250.96 mi-3
£2,75010/241.1 mi-3
£2,85003/251.1 mi-3

Local Area Statistics

Population in WD3

40,831

Population in Rickmansworth

40,832

Town centre distance

0.55 miles away

Nearest school

0.70 miles away

Nearest train station

0.78 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £675,000

August 15, 2024

Floor Plans

Description

  • Large 0.27 acre plot +
  • Many period features +
  • Four bedrooms +
  • Garage +
  • No upper chain +
  • EPC Rating = E +

A characterful 17th century three/four bedroom semi-detached cottage with Victorian extensions in need of refurbishment.

Description

This charming, characterful three/four bedroom semi-detached cottage dates back to the 17th Century, with Victorian extensions. The property is set on a generous plot of about 0.27 acres and also has the benefit of a large single story detached studio which could have potential as an annexe (subject to planning consent), home office etc. There is also a detached garage with additional off street parking.

Our client has recently approached Three Rivers District Council planning department with the view of converting the existing studio to ancillary residential use. Indications from the authority were very positive and supportive of this plan however no formal application has been made and formal planning consent has not been granted.

The property has many period features but is in need of modernisation and refurbishment and is offered for sale with the benefit of no onward chain.

The main house extends to just under 1,550 sq ft and the accommodation briefly comprises:

Ground floor: Entrance hall, cloakroom, living room, dining room, kitchen, logia/utility room.

First floor: Four bedrooms, bathroom/wc.

Outside:

Detached garage with private cobbled driveway providing ample parking.

Large detached studio in the back garden with light, power and water.

Garden - mainly laid to lawn and well screened by mature hedging. Small summerhouse. Brick coal and storage sheds with outside WC. Additional storage space integral to the house.

Location

The property is located about a mile from the centre of Rickmansworth with its wide range of shops, supermarkets, restaurants and cafes. There is also a good selection of local shops and take away restaurants closer by at Money Hill Parade.

Rickmansworth station has a fast and frequent Chiltern & Metropolitan line service into Marylebone, Baker Street and Aldgate.

Junction 17 of the M25 is about 1.5 miles away.

The area also has an excellent choice of both state and private schools for children of all ages.

Square Footage: 1,546 sq ft

Agent Details

Savills, Rickmansworth

01923 961668

Next Steps?

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