3 Bed Semi-Detached House, Planning Permission, Potters Bar, EN6 3DU, £649,950

Mimms Hall Road, Potters Bar, EN6 3DU - 2 views - 7 months ago

Sold STC
Planning
~93 m²
+25 photos

ValuationOvervalued

Sold Prices£415K - £765K
Sold Prices/m²£5.1K/m² - £9.8K/m²

 

 

Square Metres

~93 m²
Price/m²£7K/m²

Value Estimate

£601,879

 

 

End Value (After Refurb)

£598,621

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,488

Stamp Duty & Legal Fees

£40,696

Refurb Costs

£49,200

Bridging Loan Interest

£17,061

Total Cash In

£271,195

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£598,621

Mortgage (After Refinance)

£448,966

Mortgage LTV

75%

Cash Left In

£271,195

Equity

£149,655

Rent Range

£1,950 - £2,500

Rent Estimate

£2,181

Running Costs/mo

£2,327

Cashflow/mo

£-146

Cashflow/yr

£-1,751

Gross Yield

4%

Local Sold Prices

50 sold prices from £415K to £765K, average is £539K. £5.1K/m² to £9.8K/m², average is £7K/m².

PriceDateDistanceAddressBeds 
£538K06/210.06 mi65, Cambridge Drive, Potters Bar, Hertfordshire EN6 3EU3
£553K12/220.08 mi74, Mimms Hall Road, Potters Bar, Hertfordshire EN6 3DX3
£582K02/230.08 mi13, Ormesby Drive, Potters Bar, Hertfordshire EN6 3EA3
£527K06/210.08 mi24, Mimms Hall Road, Potters Bar, Hertfordshire EN6 3BZ3
£550K02/230.09 mi21, Suffolk Road, Potters Bar, Hertfordshire EN6 3EZ3
£580K05/230.11 mi46, Borough Way, Potters Bar, Hertfordshire EN6 3HB3
£575K03/210.12 mi58, Borough Way, Potters Bar, Hertfordshire EN6 3HB3
£455K09/210.12 mi41, Borough Way, Potters Bar, Hertfordshire EN6 3HA3
£455K09/210.12 mi41, Borough Way, Potters Bar, Hertfordshire EN6 3HA3
£512K03/210.15 mi36, Deepdene, Potters Bar, Hertfordshire EN6 3DD3
£531K01/230.15 mi42, Oulton Crescent, Potters Bar, Hertfordshire EN6 3EG3
£695.6K12/220.18 mi402, Mutton Lane, Potters Bar, Hertfordshire EN6 3AT3
£509K12/200.19 mi55, Auckland Road, Potters Bar, Hertfordshire EN6 3HS3
£525K12/200.19 mi82, Auckland Road, Potters Bar, Hertfordshire EN6 3HS3
£585K09/210.19 mi66, Auckland Road, Potters Bar, Hertfordshire EN6 3HS3
£505K06/210.2 mi11, Ranworth Gardens, Potters Bar, Hertfordshire EN6 3DP3
£495K12/200.2 mi12, Ranworth Gardens, Potters Bar, Hertfordshire EN6 3DP3
£475K03/210.22 mi112, Auckland Road, Potters Bar, Hertfordshire EN6 3HE3
£565K02/210.22 mi97, Auckland Road, Potters Bar, Hertfordshire EN6 3HE3
£480K11/200.23 mi184, Auckland Road, Potters Bar, Hertfordshire EN6 3HT3
£500K08/210.23 mi73, Deepdene, Potters Bar, Hertfordshire EN6 3DG3
£612K12/220.23 mi72, Deepdene, Potters Bar, Hertfordshire EN6 3DE3
£695K04/230.26 mi18, Shillitoe Avenue, Potters Bar, Hertfordshire EN6 3HG3
£477.5K03/210.27 mi19, Shillitoe Avenue, Potters Bar, Hertfordshire EN6 3HH3
£560K12/220.27 mi13, Shillitoe Avenue, Potters Bar, Hertfordshire EN6 3HH3
£520K06/210.29 mi86, Wroxham Gardens, Potters Bar, Hertfordshire EN6 3DL3
£485K03/210.29 mi74, Wroxham Gardens, Potters Bar, Hertfordshire EN6 3DL3
£600K11/200.3 mi31, Brooklands Gardens, Potters Bar, Hertfordshire EN6 2LB3
£567.5K12/200.31 mi77, Rushfield, Potters Bar, Hertfordshire EN6 3HJ3
£430K06/210.34 mi79, Kimptons Mead, Potters Bar, Hertfordshire EN6 3HY3
£700K06/230.35 mi15, Rushfield, Potters Bar, Hertfordshire EN6 3HN3
£715K03/230.37 mi156, Dugdale Hill Lane, Potters Bar, Hertfordshire EN6 2DE3
£490K02/210.37 mi76, Cranborne Road, Potters Bar, Hertfordshire EN6 3AJ3
£475K11/200.37 mi86, Cranborne Road, Potters Bar, Hertfordshire EN6 3AJ3
£537K12/200.37 mi306, Mutton Lane, Potters Bar, Hertfordshire EN6 2AX3
£530K09/210.38 mi91, Cranborne Road, Potters Bar, Hertfordshire EN6 3AQ3
£415K06/210.39 mi98, Cranborne Road, Potters Bar, Hertfordshire EN6 3AJ3
£675K03/210.42 mi178, Dugdale Hill Lane, Potters Bar, Hertfordshire EN6 2DD3
£700K03/210.42 mi184, Dugdale Hill Lane, Potters Bar, Hertfordshire EN6 2DD3
£550K05/230.42 mi159, Cranborne Crescent, Potters Bar, Hertfordshire EN6 3AF3
£525K12/200.43 mi38, Elmscroft Gardens, Potters Bar, Hertfordshire EN6 2JR3
£520K02/210.44 mi42, Sherwood Avenue, Potters Bar, Hertfordshire EN6 2LE3
£765K01/210.45 mi62, Santers Lane, Potters Bar, Hertfordshire EN6 2DA3
£670K02/210.46 mi23, Elmscroft Gardens, Potters Bar, Hertfordshire EN6 2JP3
£640K11/220.46 mi46, Sherwood Avenue, Potters Bar, Hertfordshire EN6 2LE3
£578K04/210.46 mi64, Sherwood Avenue, Potters Bar, Hertfordshire EN6 2LE3
£645K11/220.47 mi290, Mutton Lane, Potters Bar, Hertfordshire EN6 2AU3
£420K02/210.47 mi3, Laurel Avenue, Potters Bar, Hertfordshire EN6 2AQ3
£540K12/200.47 mi21, Neville Close, Potters Bar, Hertfordshire EN6 2AG3
£540K12/200.47 mi21, Neville Close, Potters Bar, Hertfordshire EN6 2AG3

Local Rents

20 rents from £1.9K/mo to £2.5K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,20004/240 miMimms Hall Road,Potters Bar,EN63
£2,20012/240.05 miMimms Hall Road, Potters Bar3
£2,30004/250.15 mi-3
£2,30002/250.2 mi-3
£2,40004/240.21 miAuckland Road, Potters Bar3
£2,50002/240.22 mi-3
£2,45002/250.29 mi-3
£2,25012/240.36 mi-3
£2,00004/240.38 miRushfield, Potters Bar, EN6 3HW3
£2,05002/240.38 mi-3
£2,25004/250.38 mi-3
£2,00003/240.38 miCranborne Road, Potters Bar, Hertfordshire, EN63
£2,20002/240.38 mi-3
£1,99512/240.38 mi-3
£2,20003/240.38 miDugdale Hill Lane, Potters Bar, EN63
£2,25003/250.4 mi-3
£2,20004/240.5 miMutton Lane, Potters Bar, EN63
£2,00003/240.52 miClive Close, Potters Bar, EN63
£1,95004/240.57 miLaurel Avenue, Potters Bar, Hertfordshire, EN63
£2,00012/240.58 mi-3

Local Area Statistics

Population in EN6

29,067

Population in Potters Bar

29,075

Town centre distance

1.05 miles away

Nearest school

0.30 miles away

Nearest train station

0.61 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+16%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £649,950

September 30, 2024

Floor Plans

Description

  • THREE BEDROOM SEMI DETACHED HOME +
  • OPEN PLAN KITCHEN / DINING ROOM +
  • KITCHEN WITH ISLAND AND BREAKFAST BAR +
  • DOWNSTAIRS TOILET +
  • POTENTIAL FOR LOFT CONVERSION ( STPP) +
  • GOOD SCHOOL CATCHMENT AREA +
  • CLOSE TO SHOPS / RESTAURANTS / AMENITIES +

This three bedroom semi detached home is ideally located on the ever popular Mimms Hall Road just moments from shops, post office, Tesco Express and Furzefield Leisure centre and within good primary chool catchment area of Wroxham and Cranborne Primary Schools. The property has recently been extended to the rear with this superb open plan lounge kitchen dining area with kitchen, island and breakfast bar, living room to front with crittle glass sliding doors that separate the lounge. The home also benefits from a downstairs toilet and bi-folding doors leading out on to the garden. The first floor has two double bedrooms, a single bedroom and bathroom with separate toilet. Externally the property has garden to rear, shared driveway and potential for loft conversion subject to permitted development or planning permission.

Agent Details

Home Counties, Potters Bar

01707 241387

Next Steps?

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