3 Bed Semi-Detached House, Planning Permission, Potters Bar, EN6 1SZ, £499,950

Melrose Avenue, Potters Bar., EN6 1SZ - 2 views - 6 months ago

Sold STC
Planning
~93 m²
+11 photos

ValuationUndervalued

Sold Prices£325K - £1.0M
Sold Prices/m²£4.5K/m² - £11K/m²

 

 

Square Metres

~93 m²
Price/m²£5.4K/m²

Value Estimate

£550,517
BMV10%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£124,988

Stamp Duty & Legal Fees

£38,695

Total Cash In

£163,683

 

 

Cash Out

 

Rent Range

£1,800 - £2,600

Rent Estimate

£1,875

Running Costs/mo

£1,957

Cashflow/mo

£-82

Cashflow/yr

£-988

Gross Yield

5%

Local Sold Prices

50 sold prices from £325K to £1.0M, average is £520K. £4.5K/m² to £11K/m², average is £5.9K/m².

PriceDateDistanceAddressBeds 
£570K01/210.06 mi58, Birch Grove, Potters Bar, Hertfordshire EN6 1SY3
£453K11/200.06 mi10, Albemarle Avenue, Potters Bar, Hertfordshire EN6 1TD3
£515K07/230.06 mi35, Albemarle Avenue, Potters Bar, Hertfordshire EN6 1TB3
£515K04/230.06 mi28, Albemarle Avenue, Potters Bar, Hertfordshire EN6 1TB3
£425K12/200.06 mi28, Albemarle Avenue, Potters Bar, Hertfordshire EN6 1TB3
£472.6K01/210.06 mi11, Birch Grove, Potters Bar, Hertfordshire EN6 1SY3
£470K12/200.06 mi19, Albemarle Avenue, Potters Bar, Hertfordshire EN6 1TB3
£420K03/210.08 mi18, Abingdon Place, Potters Bar, Hertfordshire EN6 1TF3
£515K08/230.11 mi12, Otways Close, Potters Bar, Hertfordshire EN6 1TE3
£375K10/200.11 mi9, Otways Close, Potters Bar, Hertfordshire EN6 1TE3
£470K06/210.12 mi65, Mutton Lane, Potters Bar, Hertfordshire EN6 2NX3
£525K03/210.12 mi145, Mutton Lane, Potters Bar, Hertfordshire EN6 2HD3
£837.5K06/210.16 mi102, The Walk, Potters Bar, Hertfordshire EN6 1QF3
£473K10/220.18 mi34, Mutton Lane, Potters Bar, Hertfordshire EN6 2NZ3
£620K02/230.2 mi91, Strafford Gate, Potters Bar, Hertfordshire EN6 1PR3
£491.7K12/200.22 mi83, Sunnybank Road, Potters Bar, Hertfordshire EN6 2NL3
£491.7K12/200.22 mi83, Sunnybank Road, Potters Bar, Hertfordshire EN6 2NL3
£1.0M07/230.24 mi1, Parkfield View, Potters Bar, Hertfordshire EN6 1US3
£485K10/220.25 mi33, Beechwood Avenue, Potters Bar, Hertfordshire EN6 2PJ3
£530K06/210.27 mi204, Mutton Lane, Potters Bar, Hertfordshire EN6 2AW3
£460K05/210.27 mi212, Mutton Lane, Potters Bar, Hertfordshire EN6 2AW3
£650K02/210.28 mi47, Byng Drive, Potters Bar, Hertfordshire EN6 1UP3
£467.5K01/230.29 mi201, Mutton Lane, Potters Bar, Hertfordshire EN6 2AN3
£565K05/210.29 mi33, Sunnybank Road, Potters Bar, Hertfordshire EN6 2NW3
£325K10/200.29 mi12, Holly Drive, Potters Bar, Hertfordshire EN6 2QL3
£325K10/200.29 mi12, Holly Drive, Potters Bar, Hertfordshire EN6 2QL3
£600K02/230.29 mi12, The Byway, Potters Bar, Hertfordshire EN6 2LW3
£610K03/210.3 mi7, The Close, Potters Bar, Hertfordshire EN6 2HY3
£680K07/230.31 mi64, Brackendale, Potters Bar, Hertfordshire EN6 2LX3
£647.5K06/210.31 mi64, Brackendale, Potters Bar, Hertfordshire EN6 2LX3
£361K06/210.31 mi64, Ashwood Road, Potters Bar, Hertfordshire EN6 2QJ3
£675K06/210.31 mi46, Byng Drive, Potters Bar, Hertfordshire EN6 1UF3
£665K03/210.32 mi6, Park Drive, Potters Bar, Hertfordshire EN6 1UQ3
£730K02/210.32 mi109, Byng Drive, Potters Bar, Hertfordshire EN6 1UJ3
£535K02/230.32 mi24, The Greenway, Potters Bar, Hertfordshire EN6 2ND3
£575K08/220.33 mi19, Brackendale, Potters Bar, Hertfordshire EN6 2LP3
£378K10/200.33 mi107, Ashwood Road, Potters Bar, Hertfordshire EN6 2PW3
£425K12/200.34 mi120, Ashwood Road, Potters Bar, Hertfordshire EN6 2PN3
£465K07/210.35 mi48, Brackendale, Potters Bar, Hertfordshire EN6 2LU3
£865K04/230.35 mi100, Billy Lows Lane, Potters Bar, Hertfordshire EN6 1XL3
£610K05/230.36 mi55, Elmroyd Avenue, Potters Bar, Hertfordshire EN6 2EF3
£665K12/220.37 mi26, Billy Lows Lane, Potters Bar, Hertfordshire EN6 1XN3
£350K06/210.38 mi158, Ashwood Road, Potters Bar, Hertfordshire EN6 2QE3
£618K01/210.38 mi9, Billy Lows Lane, Potters Bar, Hertfordshire EN6 1UU3
£650K01/230.38 mi28, Baker Street, Potters Bar, Hertfordshire EN6 2EA3
£590K11/200.4 mi12, Meadow Way, Potters Bar, Hertfordshire EN6 2NJ3
£515K03/210.4 mi14, Meadow Way, Potters Bar, Hertfordshire EN6 2NJ3
£580K02/230.4 mi6, Salisbury Close, Potters Bar, Hertfordshire EN6 5AX3
£670K06/230.4 mi12, Salisbury Close, Potters Bar, Hertfordshire EN6 5AX3
£435K02/210.4 mi167, Ashwood Road, Potters Bar, Hertfordshire EN6 2QE3

Local Rents

13 rents from £1.8K/mo to £2.6K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£2,00004/240.05 miAlbemarle Avenue, Potters Bar3
£2,60012/240.06 mi-3
£2,30004/240.09 miMutton Lane, Potters Bar, EN63
£1,95004/240.12 miMutton Lane, Potters Bar, Hertfordshire, EN63
£1,95012/240.2 mi-3
£2,30001/250.37 mi-3
£1,95004/240.47 miLaurel Avenue, Potters Bar, Hertfordshire, EN63
£1,80012/240.52 miHatfield Road, Potters Bar, Herts3
£2,20004/240.52 miMutton Lane, Potters Bar, EN63
£1,80004/240.53 miHatfield Road, Potters Bar, Hertfordshire, EN63
£2,00012/240.55 mi-3
£2,00003/240.58 miClive Close, Potters Bar, EN63
£2,20004/240.6 miOakmere Avenue, Potters Bar, EN63

Local Area Statistics

Population in EN6

29,067

Population in Potters Bar

29,075

Town centre distance

0.20 miles away

Nearest school

0.30 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+16%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £499,950

October 21, 2024

Floor Plans

Description

  • 3 Bedroom Family Home +
  • Short walk to Station +
  • Potential to Extend (STPP) +
  • Living Room & Separate Kitchen/Dining Room +
  • Off Street Parking +
  • Garage +
  • Excellent Transport Links +
  • Chain Free +

* * CHAIN FREE * *

Auckland Estates are pleased to offer this well-situated and spacious 3 BEDROOM house for sale on Melrose Avenue in Potters Bar.

The property boasts a Large Lounge, a fully fitted Kitchen/Diner with doors out into the garden, a downstairs Bathroom/WC as well as 3 spacious Bedrooms upstairs.

To the front is a block paved driveway with off street and the added benefit of a garage at the rear of the property. The property offers potential to extend at rear and into the loft (subject to planning permission)

Melrose Avenue is situated in an ideal location, a short walk from Potters Bar mainline station, as well as the many shops and restaurants of both potters Br High Street and Darkes Lane.

Offered for sale with no onward chain, the property is available for viewing via our Open Day, for more information and to book a viewing slot please call Auckland Estates today.

Agent Details

Auckland Estates Limited, Potters Bar

01707 241361

Next Steps?

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