3 Bed Bungalow, Refurb/BRRR, Potters Bar, EN6 2LX, £575,000

Brackendale, Potters Bar, EN6 2LX - 1 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~83 m²
+3 photos

ValuationOvervalued

Sold Prices£325K - £837.5K
Sold Prices/m²£4.5K/m² - £11K/m²

 

 

Square Metres

~82.80 m²
Price/m²£6.9K/m²

Value Estimate

£479,130

 

 

End Value (After Refurb)

£501,818

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£143,750

Stamp Duty & Legal Fees

£46,200

Refurb Costs

£43,804

Bridging Loan Interest

£15,094

Total Cash In

£250,598

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£501,818

Mortgage (After Refinance)

£376,364

Mortgage LTV

75%

Cash Left In

£250,598

Equity

£125,455

Rent Range

£1,950 - £3,200

Rent Estimate

£2,212

Running Costs/mo

£2,031

Cashflow/mo

£181

Cashflow/yr

£2,177

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £325K to £837.5K, average is £520K. £4.5K/m² to £11K/m², average is £6K/m².

PriceDateDistanceAddressBeds 
£680K07/230.03 mi64, Brackendale, Potters Bar, Hertfordshire EN6 2LX3
£647.5K06/210.03 mi64, Brackendale, Potters Bar, Hertfordshire EN6 2LX3
£491.7K12/200.06 mi83, Sunnybank Road, Potters Bar, Hertfordshire EN6 2NL3
£491.7K12/200.06 mi83, Sunnybank Road, Potters Bar, Hertfordshire EN6 2NL3
£610K05/230.09 mi55, Elmroyd Avenue, Potters Bar, Hertfordshire EN6 2EF3
£600K02/230.1 mi12, The Byway, Potters Bar, Hertfordshire EN6 2LW3
£465K07/210.11 mi48, Brackendale, Potters Bar, Hertfordshire EN6 2LU3
£575K08/220.11 mi19, Brackendale, Potters Bar, Hertfordshire EN6 2LP3
£535K02/230.15 mi24, The Greenway, Potters Bar, Hertfordshire EN6 2ND3
£565K05/210.17 mi33, Sunnybank Road, Potters Bar, Hertfordshire EN6 2NW3
£770K11/220.17 mi21, Elmroyd Avenue, Potters Bar, Hertfordshire EN6 2EE3
£525K03/210.17 mi145, Mutton Lane, Potters Bar, Hertfordshire EN6 2HD3
£530K06/210.2 mi204, Mutton Lane, Potters Bar, Hertfordshire EN6 2AW3
£460K05/210.2 mi212, Mutton Lane, Potters Bar, Hertfordshire EN6 2AW3
£590K11/200.22 mi12, Meadow Way, Potters Bar, Hertfordshire EN6 2NJ3
£515K03/210.22 mi14, Meadow Way, Potters Bar, Hertfordshire EN6 2NJ3
£700K03/210.23 mi15, Elmroyd Avenue, Potters Bar, Hertfordshire EN6 2ED3
£467.5K01/230.24 mi201, Mutton Lane, Potters Bar, Hertfordshire EN6 2AN3
£453K11/200.25 mi10, Albemarle Avenue, Potters Bar, Hertfordshire EN6 1TD3
£675K09/210.27 mi177, Sunnybank Road, Potters Bar, Hertfordshire EN6 2NH3
£610K03/210.27 mi7, The Close, Potters Bar, Hertfordshire EN6 2HY3
£470K06/210.28 mi65, Mutton Lane, Potters Bar, Hertfordshire EN6 2NX3
£650K01/230.28 mi28, Baker Street, Potters Bar, Hertfordshire EN6 2EA3
£620K02/230.28 mi91, Strafford Gate, Potters Bar, Hertfordshire EN6 1PR3
£825K02/230.28 mi14, Oakroyd Close, Potters Bar, Hertfordshire EN6 2EW3
£472.6K01/210.29 mi11, Birch Grove, Potters Bar, Hertfordshire EN6 1SY3
£515K08/230.3 mi12, Otways Close, Potters Bar, Hertfordshire EN6 1TE3
£565K01/210.3 mi5, Oakroyd Avenue, Potters Bar, Hertfordshire EN6 2EH3
£570K01/210.3 mi58, Birch Grove, Potters Bar, Hertfordshire EN6 1SY3
£470K12/200.3 mi19, Albemarle Avenue, Potters Bar, Hertfordshire EN6 1TB3
£473K10/220.3 mi34, Mutton Lane, Potters Bar, Hertfordshire EN6 2NZ3
£515K07/230.3 mi35, Albemarle Avenue, Potters Bar, Hertfordshire EN6 1TB3
£515K04/230.3 mi28, Albemarle Avenue, Potters Bar, Hertfordshire EN6 1TB3
£425K12/200.3 mi28, Albemarle Avenue, Potters Bar, Hertfordshire EN6 1TB3
£485K10/220.3 mi33, Beechwood Avenue, Potters Bar, Hertfordshire EN6 2PJ3
£512K02/210.31 mi22, Oakroyd Close, Potters Bar, Hertfordshire EN6 2EW3
£650K05/230.32 mi6, Oakroyd Close, Potters Bar, Hertfordshire EN6 2EW3
£837.5K06/210.33 mi102, The Walk, Potters Bar, Hertfordshire EN6 1QF3
£420K03/210.33 mi18, Abingdon Place, Potters Bar, Hertfordshire EN6 1TF3
£425K12/200.34 mi120, Ashwood Road, Potters Bar, Hertfordshire EN6 2PN3
£600K03/210.34 mi21, The Drive, Potters Bar, Hertfordshire EN6 2AP3
£361K06/210.37 mi64, Ashwood Road, Potters Bar, Hertfordshire EN6 2QJ3
£550K09/210.37 mi40, The Drive, Potters Bar, Hertfordshire EN6 2AR3
£675K07/230.37 mi57, The Drive, Potters Bar, Hertfordshire EN6 2AR3
£640K02/210.37 mi44, The Drive, Potters Bar, Hertfordshire EN6 2AR3
£350K06/210.37 mi158, Ashwood Road, Potters Bar, Hertfordshire EN6 2QE3
£435K02/210.37 mi167, Ashwood Road, Potters Bar, Hertfordshire EN6 2QE3
£435K02/210.39 mi167, Ashwood Road, Potters Bar, Hertfordshire EN6 2QE3
£325K10/200.41 mi12, Holly Drive, Potters Bar, Hertfordshire EN6 2QL3
£325K10/200.41 mi12, Holly Drive, Potters Bar, Hertfordshire EN6 2QL3

Local Rents

14 rents from £1.9K/mo to £3.2K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£1,95012/240.2 mi-3
£2,30004/240.22 miMutton Lane, Potters Bar, EN63
£2,30001/250.22 mi-3
£1,95004/240.28 miMutton Lane, Potters Bar, Hertfordshire, EN63
£2,00004/240.3 miAlbemarle Avenue, Potters Bar3
£2,60012/240.3 mi-3
£2,00012/240.37 mi-3
£2,20004/240.48 miMutton Lane, Potters Bar, EN63
£1,95004/240.48 miLaurel Avenue, Potters Bar, Hertfordshire, EN63
£2,05002/240.58 mi-3
£2,25004/250.58 mi-3
£2,25012/240.6 mi-3
£3,20003/240.6 miBentley Place, Bentley Heath, Barnet, Hertfordshire, EN53
£2,00003/240.61 miClive Close, Potters Bar, EN63

Local Area Statistics

Population in EN6

29,067

Population in Potters Bar

29,075

Town centre distance

0.47 miles away

Nearest school

0.40 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+16%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £575,000

October 28, 2024

Floor Plans

Description

  • TWO / THREE BEDROOM SEMI-DETACHED BUNGALOW +
  • REQUIRES FULL MODERNISATION +
  • OFFERING LOTS OF POTENTIAL +
  • EXCELLENT LOCATION BEING WALKING DISTANCE TO ALL LOCAL AMENITIES INCLUDING SHOPS AND STATION +
  • SEPARATE LOUNGE +
  • 90' REAR GARDEN +
  • GARAGE AND OFF STREET PARKING +
  • CHAIN FREE +
  • TENURE - FREEHOLD. COUNCIL TAX BAND E - HERTSMERE COUNCIL +
  • VIEWINGS BY APPOINTMENT ONLY +

Available CHAIN FREE is this 2/3 bedroom semi detached bungalow requiring full modernisation but offering lots of potential. Excellent location being walking distance to all local amenities including shops and station. Viewings by appointment

White UPVC obscure glass door with matching side panels opens into

Entrance Porch - Light above. Wooden partially glazed Georgian style front door. Opens into

Hallway - Radiator. Two storage cupboards with bi-folding doors, one of which houses the consumer unit, electricity meter and gas meter. Second cupboard has shelving and hanging rail. An additional cupboard housing hot water cylinder. Wooden rack shelving. Access to loft via a loft hatch.

Lounge - Coving to ceiling. Two double radiators. White UPVC double glazed bay fronted window to front. Electric fireplace. Glazed sliding doors leading through to

Dining Room / Bedroom Three - White UPVC double glazed window to side. Double radiator.

Bedroom One - Single radiator. White UPVC double glazed window to rear with top opener.

Bedroom Two - Single radiator. White UPVC double glazed window to front with top opener.

Kitchen - Fitted with range of wall, drawer and base units in a medium wood effect. Green working surfaces above. Tiled splashback. Space for electric oven. Space for washing machine. Space for fridge and freezer. Stainless steel sink and drainer with mixer tap. Single radiator. White UPVC casement door to rear. Rear window to side.

Shower Room - Comprises shower with sliding glazed screen. Wall mounted Triton shower. Pedestal sink with mixer tap. W.C. Single radiator. White UPVC obscure glass window to rear.

Rear Garden - 27.43m approx (90' approx) - Paved patio area with outside tap. External boiler cupboard housing Potterton boiler. Gated access leading to side of property. Garden itself has a central lawned section with mixed borders and hedging. Aluminium greenhouse. Access to garage via courtesy door.

Garage - Door to garden. Barn style doors to front. Windows to side and rear.

Front Of Property - Retaining brick wall to front with stepped pathway leading to front of property. Driveway to side of property leading to garage. Access via wooden barn style doors. Main section of front garden is paved. Steps up to front door.

Tenure - Freehold. Council tax band E - Hertsmere Council.

Property Information
We believe this information to be accurate, but it cannot be guaranteed. If there is any point which is of particular importance we will attempt to assist or you should obtain professional confirmation. All measurements quoted are approximate. The fixtures, fittings, appliances and mains services have not been tested. These Particulars do not constitute a contract or part of a contract.

Agent Details

Duncan Perry Estate Agents, Potters Bar

01707 241893

Next Steps?

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