4 Bed Detached House, Refurb/BRRR, Harpenden, AL5 1RH, £985,000

1 Magna Close, Harpenden, Hertfordshire, AL5 1RH - 1 views - 6 months ago

Sold STC
Refurb/BRRR
148 m²
+12 photos

ValuationOvervalued

Sold Prices£583K - £1.9M
Sold Prices/m²£4K/m² - £14.9K/m²

 

 

Square Metres

147.80 m²
Price/m²£6.7K/m²

Value Estimate

£917,446

 

 

End Value (After Refurb)

£1,005,306

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£246,250

Stamp Duty & Legal Fees

£70,500

Refurb Costs

£71,972

Bridging Loan Interest

£25,856

Total Cash In

£416,328

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£1,005,306

Mortgage (After Refinance)

£753,980

Mortgage LTV

75%

Cash Released

£15,230

Cash Left In

£401,099

Equity

£251,327

Rent Range

£1,850 - £5,300

Rent Estimate

£3,323

Running Costs/mo

£3,826

Cashflow/mo

£-503

Cashflow/yr

£-6,038

Gross Yield

4%

Local Sold Prices

50 sold prices from £583K to £1.9M, average is £830K. £4K/m² to £14.9K/m², average is £6.8K/m².

PriceDateDistanceAddressBeds 
£750K11/200.01 mi7, Magna Close, Harpenden, Hertfordshire AL5 1RH4
£687.5K10/200.01 mi12, Magna Close, Harpenden, Hertfordshire AL5 1RH4
£590K10/200.05 mi42, Broadstone Road, Harpenden, Hertfordshire AL5 1RF4
£690K03/230.08 mi26, Bewdley Close, Harpenden, Hertfordshire AL5 1QX4
£700K05/210.11 mi70, Coleswood Road, Harpenden, Hertfordshire AL5 1EQ4
£642K06/210.11 mi10, Coleswood Road, Harpenden, Hertfordshire AL5 1EQ4
£740K12/220.12 mi29, Cranbourne Drive, Harpenden, Hertfordshire AL5 1RJ4
£670K02/240.13 mi16, Burnsall Place, Harpenden, Hertfordshire AL5 1RS4
£680K01/210.13 mi75, Coleswood Road, Harpenden, Hertfordshire AL5 1EG4
£595K05/210.14 mi17, Eastcote Drive, Harpenden, Hertfordshire AL5 1SE4
£695K12/230.14 mi45, Eastcote Drive, Harpenden, Hertfordshire AL5 1SE4
£835K09/210.15 mi4, Kingcroft Road, Harpenden, Hertfordshire AL5 1EJ4
£782.5K05/210.15 mi12, Kingcroft Road, Harpenden, Hertfordshire AL5 1EJ4
£960K08/230.17 mi24, Field Close, Harpenden, Hertfordshire AL5 1EP4
£850K05/230.17 mi4, Ranleigh Walk, Harpenden, Hertfordshire AL5 1SR4
£1.1M08/230.19 mi8, Aran Close, Harpenden, Hertfordshire AL5 1SW4
£755K06/230.19 mi23, Welbeck Rise, Harpenden, Hertfordshire AL5 1RT4
£583K11/200.19 mi14, St Michaels Close, Harpenden, Hertfordshire AL5 1EW4
£1.4M10/220.22 mi54, Eastmoor Park, Harpenden, Hertfordshire AL5 1BW4
£1.5M05/210.22 miWhite Gables, Little Lane, Harpenden, Hertfordshire AL5 1DF4
£830K06/230.22 mi20, Newton Close, Harpenden, Hertfordshire AL5 1SP4
£600K04/230.22 mi2, Newton Close, Harpenden, Hertfordshire AL5 1SP4
£1.1M12/230.26 mi61, Cravells Road, Harpenden, Hertfordshire AL5 1BE4
£1.9M12/200.27 miBoston House, Grange Court Road, Harpenden, Hertfordshire AL5 1BY4
£600K04/210.29 mi2a, Grove Avenue, Harpenden, Hertfordshire AL5 1EX4
£825K08/240.3 mi16, Pipers Avenue, Harpenden, Hertfordshire AL5 1HB4
£1.9M02/230.31 mi18, East Common, Harpenden, Hertfordshire AL5 1BJ4
£735K12/230.31 mi17b, Grove Avenue, Harpenden, Hertfordshire AL5 1EU4
£845K07/230.39 mi43, Sibley Avenue, Harpenden, Hertfordshire AL5 1HF4
£750K12/200.39 mi20, Sibley Avenue, Harpenden, Hertfordshire AL5 1HF4
£1.2M10/230.39 mi36, Sibley Avenue, Harpenden, Hertfordshire AL5 1HF4
£940K12/200.39 mi5, Paddock Wood, Harpenden, Hertfordshire AL5 1JU4
£800K06/210.4 mi27, Meadway, Harpenden, Hertfordshire AL5 1JN4
£775K01/210.4 mi43, Meadway, Harpenden, Hertfordshire AL5 1JN4
£850K10/200.4 mi19, Meadway, Harpenden, Hertfordshire AL5 1JN4
£700K06/210.41 mi28, Churchfield, Harpenden, Hertfordshire AL5 1LL4
£830K04/230.41 mi36, Meadway, Harpenden, Hertfordshire AL5 1JL4
£875K03/210.42 mi25, Barnfield Road, Harpenden, Hertfordshire AL5 5TH4
£965K04/230.42 mi37, Barnfield Road, Harpenden, Hertfordshire AL5 5TH4
£830K01/230.42 mi1, Barnfield Road, Harpenden, Hertfordshire AL5 5TH4
£1.1M09/230.42 mi72, Piggottshill Lane, Harpenden, Hertfordshire AL5 1LP4
£1.2M03/230.42 mi38, Barnfield Road, Harpenden, Hertfordshire AL5 5TN4
£1.0M12/200.42 miIvy Cottage, East Common, Harpenden, Hertfordshire AL5 1DA4
£1.1M12/210.43 mi58, High Firs Crescent, Harpenden, Hertfordshire AL5 1NA4
£1.4M01/230.43 mi57, Leycroft Way, Harpenden, Hertfordshire AL5 1JP4
£890K04/230.43 mi35g, Piggottshill Lane, Harpenden, Hertfordshire AL5 1LR4
£1.0M11/220.47 mi56, Barnfield Road, Harpenden, Hertfordshire AL5 5TQ4
£1.1M03/230.47 mi58, Barnfield Road, Harpenden, Hertfordshire AL5 5TQ4
£825K05/210.48 mi14, Leycroft Way, Harpenden, Hertfordshire AL5 1JW4
£665K12/200.48 mi6, Leycroft Way, Harpenden, Hertfordshire AL5 1JW4

Local Rents

10 rents from £1.9K/mo to £5.3K/mo, average is £2.7K/mo.

RentDateDistanceAddressBeds 
£2,25003/250.15 mi-3
£1,85012/240.23 mi-3
£2,50012/240.41 mi-4
£2,62511/240.41 mi-4
£3,25012/240.42 miPiggottshill Lane, Harpenden, Hertfordshire, AL53
£2,70001/250.46 mi-4
£2,75001/250.46 mi-4
£5,30012/240.54 mi-5
£5,30012/240.55 mi-5
£2,85012/240.59 miCrabtree Lane Harpenden AL5 5TA4

Local Area Statistics

Population in AL5

30,462

Town centre distance

1.49 miles away

Nearest school

0.30 miles away

Nearest train station

0.95 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £985,000

October 11, 2024

Sold for £545,000

2011

Sold for £450,000

2004

Sold for £115,000

1995

Floor Plans

Description

  • Extended Detached +
  • Cul-De-Sac Location +
  • Three Reception Rooms +
  • Study +
  • Four Good Size Bedrooms +
  • Two Bathrooms +
  • Close To Highly Regarded Schooling +
  • Approximately 1.5 Miles From The Station +

This extended and well-presented FOUR BEDROOM DETACHED home is nestled in a sought-after residential location, offering the perfect setting for modern family living. Located in a quiet CUL-DE-SAC near Parva Park playground and highly regarded schools, the property also boasts close proximity to local amenities, making it ideal for families.

The home has been tastefully reconfigured and extended, featuring a spacious family room, a dining room with an archway leading to a separate living room, and a dedicated office/study. Immaculately presented throughout, the home showcases oak engineered flooring, Amtico flooring, a modern boiler, and a full modernisation that elevates the overall quality of the property.

Additionally, the home offers off-road parking for up to three vehicles, gated side access leading to a beautifully established rear garden, and an electric vehicle charging point at the front.

Upstairs, the first-floor accommodation includes four generously sized bedrooms, with the main bedroom featuring its own en-suite bathroom. A modern family bathroom serves the remaining bedrooms.

An early viewing is highly recommended to avoid missing out on this beautifully presented family home in a highly desirable area.

Agent Details

Bradford & Howley, Harpenden

01582 377917

Next Steps?

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