3 Bed Semi-Detached House, Refurb/BRRR, Watford, WD25 7DG, £525,000

Queenswood Crescent, Watford, WD25 7DG - 3 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+5 photos

ValuationOvervalued

Sold Prices£342K - £680K
Sold Prices/m²£4.1K/m² - £10.7K/m²

 

 

Square Metres

~93 m²
Price/m²£5.6K/m²

Value Estimate

£456,777

 

 

End Value (After Refurb)

£466,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£131,250

Stamp Duty & Legal Fees

£30,700

Refurb Costs

£46,000

Bridging Loan Interest

£13,781

Total Cash In

£223,481

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£466,000

Mortgage (After Refinance)

£349,500

Mortgage LTV

75%

Cash Left In

£223,481

Equity

£116,500

Rent Range

£1,800 - £2,950

Rent Estimate

£2,020

Running Costs/mo

£1,880

Cashflow/mo

£140

Cashflow/yr

£1,677

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £342K to £680K, average is £452.5K. £4.1K/m² to £10.7K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£495K04/230.02 mi54, Queenswood Crescent, Watford, Hertfordshire WD25 7DQ3
£467K12/200.05 mi89, Queenswood Crescent, Watford, Hertfordshire WD25 7DG3
£465K06/210.05 mi265, Sheepcot Lane, Garston, Watford, Hertfordshire WD25 7DL3
£450K10/200.05 mi279, Sheepcot Lane, Garston, Watford, Hertfordshire WD25 7DL3
£450K10/200.05 mi279, Sheepcot Lane, Garston, Watford, Hertfordshire WD25 7DL3
£410K01/210.06 mi19, Queenswood Crescent, Watford, Hertfordshire WD25 7DG3
£365K06/210.06 mi35, Queenswood Crescent, Watford, Hertfordshire WD25 7DG3
£455K11/220.08 mi278, Sheepcot Lane, Garston, Watford, Hertfordshire WD25 7DP3
£465K01/230.08 mi282, Sheepcot Lane, Garston, Watford, Hertfordshire WD25 7DP3
£375K06/210.1 mi7, Nottingham Close, Watford, Hertfordshire WD25 7QT3
£400K09/230.1 mi11, Nottingham Close, Watford, Hertfordshire WD25 7QT3
£342K02/210.1 mi35, Nottingham Close, Watford, Hertfordshire WD25 7QT3
£440K11/220.11 mi81, Forest Road, Watford, Hertfordshire WD25 7QJ3
£435K09/210.12 mi309, Sheepcot Lane, Garston, Watford, Hertfordshire WD25 7FL3
£463K04/230.12 mi315, Sheepcot Lane, Watford, Hertfordshire WD25 7FL3
£577K04/230.13 mi188, High Road, Leavesden, Watford, Hertfordshire WD25 7DX3
£385K12/200.13 mi31, Ganders Ash, Watford, Hertfordshire WD25 7HE3
£410K06/230.14 mi134, Haines Way, Watford, Hertfordshire WD25 7QL3
£460K07/230.15 mi22, Forest Road, Watford, Hertfordshire WD25 7QR3
£470K11/220.15 mi210, Sheepcot Lane, Garston, Watford, Hertfordshire WD25 7DE3
£580K10/230.16 mi235, Sheepcot Lane, Garston, Watford, Hertfordshire WD25 7DD3
£425K09/230.16 mi167, High Road, Leavesden, Watford, Hertfordshire WD25 7DU3
£450K12/230.17 mi27, Hope Green, Watford, Hertfordshire WD25 7HQ3
£500K11/220.17 mi20, Hope Green, Watford, Hertfordshire WD25 7HQ3
£388K02/210.17 mi67, Haines Way, Watford, Hertfordshire WD25 7QN3
£407K06/210.17 mi83, Haines Way, Watford, Hertfordshire WD25 7QN3
£435K11/230.18 mi48, Valley Rise, Watford, Hertfordshire WD25 7EZ3
£410K01/210.18 mi71, Ganders Ash, Watford, Hertfordshire WD25 7EX3
£545K09/230.18 mi90, Ganders Ash, Watford, Hertfordshire WD25 7EX3
£470K08/230.18 mi63, Ganders Ash, Watford, Hertfordshire WD25 7EX3
£407K02/210.19 mi132, High Road, Leavesden, Watford, Hertfordshire WD25 7AT3
£417K06/210.2 mi20, Hill Farm Avenue, Watford, Hertfordshire WD25 7BQ3
£485K12/230.2 mi2, Woodgate, Watford, Hertfordshire WD25 7DF3
£490K07/230.2 mi15, Old Forge Close, Watford, Hertfordshire WD25 7BU3
£417.5K12/210.22 mi145, High Road, Leavesden, Watford, Hertfordshire WD25 7AP3
£480K04/210.22 mi184, Sheepcot Lane, Garston, Watford, Hertfordshire WD25 7DA3
£600K12/220.23 mi125, North Approach, Watford, Hertfordshire WD25 0EP3
£575K07/230.23 mi137, North Approach, Watford, Hertfordshire WD25 0EP3
£460K06/210.25 mi4, Stud Green, Watford, Hertfordshire WD25 7EU3
£425K06/210.25 mi38, Edson Close, Watford, Hertfordshire WD25 7BX3
£425K03/210.25 mi1, Greenwood Drive, Watford, Hertfordshire WD25 0HS3
£370K02/210.27 mi26, Stud Green, Watford, Hertfordshire WD25 7EU3
£680K02/230.27 mi258, High Road, Leavesden, Watford, Hertfordshire WD25 7EB3
£600K04/230.28 mi4, Shackleton Way, Abbots Langley, Hertfordshire WD5 0TJ3
£505K09/210.28 mi6, Shackleton Way, Abbots Langley, Hertfordshire WD5 0TJ3
£535K02/230.29 mi37, Leveret Close, Watford, Hertfordshire WD25 7AX3
£450K04/210.29 mi8, Abbey Drive, Abbots Langley, Hertfordshire WD5 0TL3
£440K06/210.29 mi14, Abbey Drive, Abbots Langley, Hertfordshire WD5 0TL3
£508K09/230.29 mi69, Meadow Road, Watford, Hertfordshire WD25 0JB3
£475K10/200.3 mi12, Abbey Drive, Abbots Langley, Hertfordshire WD5 0TL3

Local Rents

13 rents from £1.8K/mo to £3K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£2,69502/250.27 mi-3
£1,80009/240.37 mi-3
£2,00008/240.42 mi-3
£1,85002/240.44 mi-3
£2,60002/250.46 mi-3
£2,95002/240.46 mi-3
£2,60012/240.46 mi-3
£1,80002/240.46 mi-3
£2,40012/240.49 mi-3
£1,90010/240.52 miGriffon Way, Leavesden, Herts, WD253
£1,95003/250.59 mi-3
£1,80008/240.61 mi-3
£1,97503/250.61 mi-3

Local Area Statistics

Population in WD25

27,708

Population in Watford

117,094

Town centre distance

2.20 miles away

Nearest school

0.20 miles away

Nearest train station

0.83 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £525,000

October 7, 2024

Floor Plans

Description

  • Three Bedrooms +
  • Semi Detached Family Home +
  • Quiet Location +
  • Potential to Extend (STPP) +
  • Garage +
  • No Upper Chain +

This bright THREE BEDROOM semi detached family home with a garage is located on a quiet turning in Leavesden.
Presented in good order throughout inside you will find a good sized living room opening into the dining room, a separate kitchen/breakfast room, three bedrooms plus family bathroom. Externally is a private rear garden plus a garage to the side. In addition is off street parking on the driveway.
This property could benefit from some modernisation and has plenty of potential (subject to the gaining the usual planning consents).
Queenswood Crescent is well placed for access to local schools plus road links including the A41, M1 and M25 and the Warner Bros studios.
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 💪