4 Bed Detached House, Refurb/BRRR, Rickmansworth, WD3 4JP, £1,250,000

Violet Way, Loudwater, Rickmansworth, Hertfordshire, WD3 4JP - 2 views - 6 months ago

Under Offer
Refurb/BRRR
Planning
ROI: 1%
~129 m²
+9 photos

ValuationOvervalued

Sold Prices£700K - £2.4M
Sold Prices/m²£4.5K/m² - £18.3K/m²

 

 

Square Metres

~129.26 m²
Price/m²£9.7K/m²

Value Estimate

£722,434

 

 

End Value (After Refurb)

£1,160,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£312,500

Stamp Duty & Legal Fees

£104,950

Refurb Costs

£68,400

Bridging Loan Interest

£32,813

Total Cash In

£520,413

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£1,160,000

Mortgage (After Refinance)

£870,000

Mortgage LTV

75%

Cash Left In

£520,413

Equity

£290,000

Rent Range

£2,900 - £8,500

Rent Estimate

£5,067

Running Costs/mo

£4,658

Cashflow/mo

£409

Cashflow/yr

£4,903

ROI

1%

Gross Yield

5%

Local Sold Prices

26 sold prices from £700K to £2.4M, average is £1.2M. £4.5K/m² to £18.3K/m², average is £7K/m².

PriceDateDistanceAddressBeds 
£1.7M10/210.24 miChenies, Bridle Lane, Loudwater, Rickmansworth, Hertfordshire WD3 4JA4
£1.1M12/200.28 miMoonya, Bridle Lane, Loudwater, Rickmansworth, Hertfordshire WD3 4JH4
£1.5M05/210.3 miDene Cottage, Overstream, Loudwater, Rickmansworth, Hertfordshire WD3 4LD4
£1.2M12/210.43 miHill Thorp, Sarratt Lane, Loudwater, Rickmansworth, Hertfordshire WD3 4AZ4
£1.3M10/230.47 mi24, Lynwood Heights, Rickmansworth, Hertfordshire WD3 4ED4
£1.3M08/230.49 mi19, Spencer Walk, Rickmansworth, Hertfordshire WD3 4EE4
£1.9M09/230.55 mi52, The Drive, Rickmansworth, Hertfordshire WD3 4EB4
£1.7M06/230.63 mi64, Valley Road, Rickmansworth, Hertfordshire WD3 4BJ4
£1.7M09/230.67 mi103, Valley Road, Rickmansworth, Hertfordshire WD3 4BL4
£1.3M06/210.71 mi6, Greenhills Close, Rickmansworth, Hertfordshire WD3 4BW4
£1.2M10/230.73 miChiltern Cottage, Wyatts Road, Chorleywood, Rickmansworth, Hertfordshire WD3 5TE4
£1.1M05/210.74 miFlowerpots, Old Solesbridge Lane, Chorleywood, Rickmansworth, Hertfordshire WD3 5ST4
£1.9M10/230.76 mi142, The Drive, Rickmansworth, Hertfordshire WD3 4DP4
£1.6M06/210.76 mi21, Wyatts Road, Chorleywood, Rickmansworth, Hertfordshire WD3 5TB4
£2.4M01/230.77 mi123, The Drive, Rickmansworth, Hertfordshire WD3 4DR4
£870K06/210.77 mi110, Highfield Way, Rickmansworth, Hertfordshire WD3 7PH4
£1.1M02/210.8 mi34, Parkfield, Chorleywood, Rickmansworth, Hertfordshire WD3 5AZ4
£1.1M11/200.8 mi73, Highfield Way, Rickmansworth, Hertfordshire WD3 7PN4
£1.2M09/210.81 mi78, Highfield Way, Rickmansworth, Hertfordshire WD3 7PR4
£1.2M03/230.81 mi2, The Readings, Chorleywood, Rickmansworth, Hertfordshire WD3 5SY4
£1.1M11/210.93 mi115, Highfield Way, Rickmansworth, Hertfordshire WD3 7PL4
£1.3M08/210.94 mi72, Shepherds Way, Rickmansworth, Hertfordshire WD3 7NR4
£1.1M01/210.98 mi8, Hill Rise, Rickmansworth, Hertfordshire WD3 7NZ4
£1.3M08/230.98 mi58, Hill Rise, Rickmansworth, Hertfordshire WD3 7NZ4
£700K12/200.99 mi15, South Cottage Gardens, Chorleywood, Rickmansworth, Hertfordshire WD3 5EH4
£775K12/200.99 mi39, South Cottage Gardens, Chorleywood, Rickmansworth, Hertfordshire WD3 5EH4

Local Rents

12 rents from £2.9K/mo to £8.5K/mo, average is £4.2K/mo.

RentDateDistanceAddressBeds 
£8,50010/240.07 miLoudwater Drive, Loudwater, Rickmansworth, Hertfordshire, WD36
£8,50010/240.07 miLoudwater Drive Loudwater WD36
£8,50010/240.07 miTimberdene, Loudwater, Rickansworth, WD36
£3,90011/240.08 mi-5
£4,85010/240.09 mi-5
£4,85010/240.09 miSarratt Lane, Rickmansworth, WD35
£2,90010/240.23 miDaintree, Bridle Lane, Loudwater, Rickmansworth3
£4,15010/240.46 miRickmansworth, Hertfordshire5
£4,15010/240.46 miThe Clump, Chorleywood5
£3,50010/240.51 miThe Drive, Rickmansworth, WD34
£3,50010/240.51 miThe Drive, Rickmansworth4
£3,50010/240.51 miThe Drive, Rickmansworth4

Local Area Statistics

Population in WD3

40,831

Population in Rickmansworth

40,832

Town centre distance

1.47 miles away

Nearest school

0.60 miles away

Nearest train station

1.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £1,250,000

September 21, 2024

Floor Plans

Description

  • Detached four bedroom family home +
  • Requires modernisation +
  • Potential to extend subject to the necessary consents +
  • Situated on the popular Loudwater Estate +
  • Serene and secluded setting +
  • EPC Rating = G +

A handsome detached property sitting in a 0.55 acre plot in need of modernisation situated on the popular Loudwater Estate.

Description

Nestled within a serene and secluded setting, this four bedroom detached family home is located in a secure gated road within the exclusive Loudwater Estate. The property requires modernisation and with potential for extensions subject to planning permission. The current space is practical with its well-proportioned layout. Surrounded by mature gardens, it offers a peaceful retreat for those seeking both indoor comfort and outdoor space.

The property features a generous driveway at the front, providing ample off-street parking, while the brick facade harmonizes beautifully with the natural surroundings, giving the home a timeless and welcoming appeal.

Upon entering the property, the hallway leads to the key living areas of the home. The kitchen benefits from large windows that overlook the rear garden. Adjacent to the kitchen, there is a convenient utility area with more workspace and storage.

The ground floor also features a spacious living room, enhanced by large windows and double doors that open directly onto the garden. The natural light floods the room, creating an inviting and warm atmosphere. The parquet wood flooring adds a touch of character and warmth, making it an ideal space for both entertaining and relaxing with family.
Upstairs, the home offers four bedrooms, including a principal bedroom that boasts its own private balcony, perfect for enjoying a morning coffee or evening sunsets. Each bedroom benefits from lovely views of the surrounding gardens and mature trees, with large windows enhancing the bright and airy feel throughout the home.
The property also includes a family bathroom and a separate shower room, providing convenience and comfort for both family members and guests.

Outside:
Outside, the property is set within a mature garden, surrounded by trees and greenery. The garden features a large lawn bordered by trees and shrubs, providing a tranquil outdoor space ideal for gardening enthusiasts or those who enjoy spending time outdoors. A patio area, accessible from the living room, provides the perfect spot for outdoor dining or relaxing in the warmer months. The property’s seclusion enhances its appeal, making it a true haven of tranquility.

Square Footage: 1,551 sq ft

Acreage: 0.55 Acres

Agent Details

Savills, Rickmansworth

01923 961668

Next Steps?

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

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