4 Bed Detached House, Refurb/BRRR, Harpenden, AL5 4DQ, £1,150,000

1 Lambourn Gardens, Harpenden, Hertfordshire, AL5 4DQ - 1 views - 6 months ago

Sold STC
Refurb/BRRR
~129 m²
+12 photos

ValuationOvervalued

Sold Prices£505K - £1.7M
Sold Prices/m²£5K/m² - £12.3K/m²

 

 

Square Metres

~129.26 m²
Price/m²£8.9K/m²

Value Estimate

£892,500

 

 

End Value (After Refurb)

£997,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£287,500

Stamp Duty & Legal Fees

£91,950

Refurb Costs

£62,943

Bridging Loan Interest

£30,188

Total Cash In

£474,330

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£997,500

Mortgage (After Refinance)

£748,125

Mortgage LTV

75%

Cash Left In

£474,330

Equity

£249,375

Rent Range

£2,095 - £6,000

Rent Estimate

£2,786

Running Costs/mo

£3,694

Cashflow/mo

£-908

Cashflow/yr

£-10,901

Gross Yield

3%

Local Sold Prices

50 sold prices from £505K to £1.7M, average is £1.1M. £5K/m² to £12.3K/m², average is £7.2K/m².

PriceDateDistanceAddressBeds 
£1.2M10/200.08 mi22, Hillside Road, Harpenden, Hertfordshire AL5 4BT4
£1.4M11/200.08 mi18, Hillside Road, Harpenden, Hertfordshire AL5 4BT4
£980K11/230.09 mi1, Bramble Close, Harpenden, Hertfordshire AL5 4AN4
£990K11/200.09 mi17, Ambrose Lane, Harpenden, Hertfordshire AL5 4AU4
£1.1M03/240.1 mi15, Hillside Road, Harpenden, Hertfordshire AL5 4BS4
£1.7M12/220.13 mi5, Ambrose Lane, Harpenden, Hertfordshire AL5 4AU4
£1.1M05/210.14 mi31, Hollybush Lane, Harpenden, Hertfordshire AL5 4AS4
£1.6M12/220.14 mi14, Ambrose Lane, Harpenden, Hertfordshire AL5 4AX4
£900K04/210.15 mi1, Bloomfield Road, Harpenden, Hertfordshire AL5 4DD4
£1.0M12/200.15 mi5, Bloomfield Road, Harpenden, Hertfordshire AL5 4DD4
£1.2M06/210.16 mi2b, Clarence Road, Harpenden, Hertfordshire AL5 4AJ4
£1.4M08/230.2 mi16, Byron Road, Harpenden, Hertfordshire AL5 4AB4
£1.3M07/230.25 mi4, Townsend Road, Harpenden, Hertfordshire AL5 4BQ4
£1.6M06/210.25 mi12, Townsend Road, Harpenden, Hertfordshire AL5 4BQ4
£1.1M12/200.27 mi34, Tennyson Road, Harpenden, Hertfordshire AL5 4BB4
£1.4M08/230.27 mi18, Tennyson Road, Harpenden, Hertfordshire AL5 4BB4
£800K04/230.27 mi8, Westfield Road, Harpenden, Hertfordshire AL5 4HL4
£1.1M10/210.29 mi38, Park Mount, Harpenden, Hertfordshire AL5 3AR4
£807.5K12/200.29 mi20, Park Mount, Harpenden, Hertfordshire AL5 3AR4
£1.5M03/230.29 mi21, Moreton End Lane, Harpenden, Hertfordshire AL5 2EY4
£1.6M06/230.29 mi5, Douglas Road, Harpenden, Hertfordshire AL5 2EN4
£1.4M10/200.31 mi11, Moreton End Lane, Harpenden, Hertfordshire AL5 2EY4
£1.3M12/200.31 mi10, Pigeonwick, Harpenden, Hertfordshire AL5 4EZ4
£1.1M03/210.32 mi5a, Ox Lane, Harpenden, Hertfordshire AL5 4HH4
£760K06/210.33 mi11, Aplins Close, Harpenden, Hertfordshire AL5 2PZ4
£900K12/200.33 mi39, Aplins Close, Harpenden, Hertfordshire AL5 2PZ4
£1.5M12/220.39 mi39, Moreton End Lane, Harpenden, Hertfordshire AL5 2HA4
£1.3M04/230.4 mi2, Townsend Lane, Harpenden, Hertfordshire AL5 2QE4
£1.0M10/200.42 mi98, Park Rise, Harpenden, Hertfordshire AL5 3AN4
£795K11/200.42 mi102, Park Rise, Harpenden, Hertfordshire AL5 3AN4
£855K10/230.44 mi51, Park Rise, Harpenden, Hertfordshire AL5 3AP4
£1.4M06/210.45 mi12, Roundwood Gardens, Harpenden, Hertfordshire AL5 3AJ4
£818K01/230.47 mi24, Moreton End Lane, Harpenden, Hertfordshire AL5 2HD4
£1.4M09/210.48 miEmbers, Kirkdale Road, Harpenden, Hertfordshire AL5 2PT4
£1.6M06/210.48 mi11, Kirkdale Road, Harpenden, Hertfordshire AL5 2PT4
£1.4M11/220.48 mi8, St James Road, Harpenden, Hertfordshire AL5 4NY4
£505K03/210.48 mi15, Hyde View Road, Harpenden, Hertfordshire AL5 4PA4
£1.3M01/210.48 mi12, St James Road, Harpenden, Hertfordshire AL5 4NY4
£850K12/200.48 mi82, Park Rise, Harpenden, Hertfordshire AL5 3AL4
£815K01/210.49 mi6, Ridgewood Gardens, Harpenden, Hertfordshire AL5 3NN4
£825K03/210.49 mi18, Ridgewood Gardens, Harpenden, Hertfordshire AL5 3NN4
£852.5K05/210.49 mi3, Ridgewood Gardens, Harpenden, Hertfordshire AL5 3NN4
£890K10/230.49 mi12, Ridgewood Gardens, Harpenden, Hertfordshire AL5 3NN4
£660K02/210.51 mi58, Springfield Crescent, Harpenden, Hertfordshire AL5 4LH4
£1.5M03/230.51 mi18, Roundwood Park, Harpenden, Hertfordshire AL5 3AB4
£1.1M05/210.51 mi25, Salisbury Avenue, Harpenden, Hertfordshire AL5 2QF4
£1.1M05/210.51 mi25, Salisbury Avenue, Harpenden, Hertfordshire AL5 2QF4
£730K08/230.51 mi4, Rye Close, Harpenden, Hertfordshire AL5 4LD4
£1.3M04/210.52 mi12, Pondwick Road, Harpenden, Hertfordshire AL5 2HG4
£1.3M06/230.54 mi14, Lea Road, Harpenden, Hertfordshire AL5 4PG4

Local Rents

14 rents from £2.1K/mo to £6K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,20012/240.29 miDouglas Road, Harpenden, Hertfordshire, AL53
£2,15003/240.29 mi-3
£2,10012/240.32 miOld Rectory Close, Harpenden, AL53
£2,30003/250.32 mi-3
£2,09508/240.33 mi-3
£2,30012/240.33 miDell Close, Harpenden, Hertfordshire3
£2,80001/250.34 mi-4
£2,89512/240.42 miPark Rise Close,Harpenden,AL54
£6,00012/240.48 miKirkdale Road Harpenden AL54
£2,50012/240.5 miMaldon Court, Carlton Road, Harpenden, AL53
£2,20002/250.5 mi-3
£2,20012/240.5 miHyde View Road, Harpenden, AL53
£3,30012/240.59 miKirkwick Avenue, Harpenden3
£2,60010/240.59 mi-3

Local Area Statistics

Population in AL5

30,462

Town centre distance

0.50 miles away

Nearest school

0.30 miles away

Nearest train station

0.78 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £1,150,000

September 25, 2024

Sold for £224,000

1996

Floor Plans

Description

  • Four bedrooms +
  • En-suite & family bathroom +
  • Sitting room +
  • Dining room +
  • Frontal aspect kitchen +
  • Downstairs cloakroom +
  • Approx 70ft South/Easterly gardens +
  • Garage & driveway +

The Property:

A spacious four bedroom detached family home in need of some updating and located within an extremely popular cul-de-sac.

Description:

This detached family home is located within an extremely popular position close to sought after schooling, open countryside and easy reach of Harpenden town centre and mainline railway station.
Arranged over two floors, the bright, airy and spacious accommodation comprises of four good sized bedrooms, en-suite bathroom to the Principal and family bathroom on the first floor.
Downstairs, which still boasts parquet flooring has a rear aspect sitting room with views to the garden. separate dining room and fitted kitchen and downstairs cloakroom.
Outside, the rear southerly aspect private gardens measure approximately 70ft in depth and are laid mostly to lawn with surrounding well stocked flower and shrub borders, timber built Summer House and large entertaining patio area.
At the front is driveway parking and double integral garage with light and power.

Council Tax Band G £3,715.90 April 24/March 25

Buyers Information:
In compliance with the UK's Anti Money Laundering (AML) regulations, we are required to confirm the identity of all prospective buyers at the point of an offer being accepted and use a third party, Identity Verification System to do so. There is a nominal charge of £48 (per person) including VAT for this service. For more information, please refer to the terms and conditions section of our website.

Location:

Lambourn Garden is within a short stroll of Harpenden town centre which offers a pleasant treelined High Street and an exceptional choice of boutique shops, restaurants and pubs. The Thameslink rail service, direct into St Pancras International in under 25 minutes is also within a short walk of the house. Harpenden's reputation for quality schooling is one of the many draw-cards to the town, and the renowned St Georges School is ideally situated on the fringes of the Poet's area.

Agent Details

Ashtons, Harpenden

01582 377552

Next Steps?

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