2 Bed Flat, Single Let, Rickmansworth, WD3 7HB, £327,500

Berry Lane, Rickmansworth, WD3 7HB - 4 views - 5 months ago

Sold STC
Leasehold
BTL
ROI: 2%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£147.5K - £525K
Sold Prices/m²£1.8K/m² - £9.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.8K/m²

Value Estimate

£353,455
BMV8%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,875

Stamp Duty & Legal Fees

£14,900

Total Cash In

£96,775

 

 

Cash Out

 

Rent Range

£1,400 - £2,850

Rent Estimate

£1,478

Running Costs/mo

£1,339

Cashflow/mo

£139

Cashflow/yr

£1,668

ROI

2%

Gross Yield

5%

Local Sold Prices

43 sold prices from £147.5K to £525K, average is £330K. £1.8K/m² to £9.3K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£335K11/200.09 mi46, West Way, Rickmansworth, Hertfordshire WD3 7EN2
£345K12/220.27 miFlat 5, St. Johns Court, Berry Lane, Rickmansworth, Hertfordshire WD3 7HU2
£328K09/210.28 miFlat 4, St. Johns Court, Berry Lane, Rickmansworth, Hertfordshire WD3 7HU2
£360K04/210.28 miFlat 3, St. Johns Court, Berry Lane, Rickmansworth, Hertfordshire WD3 7HU2
£294K12/220.33 miFlat 10, Vine Tree Court, St Peters Close, Mill End, Rickmansworth, Hertfordshire WD3 8QY2
£328K04/210.33 miFlat 22, Vine Tree Court, St Peters Close, Mill End, Rickmansworth, Hertfordshire WD3 8QY2
£327.5K04/210.34 miFlat 29, Vine Tree Court, St Peters Close, Mill End, Rickmansworth, Hertfordshire WD3 8QY2
£317.5K02/230.34 miFlat 11, Vine Tree Court, St Peters Close, Mill End, Rickmansworth, Hertfordshire WD3 8QY2
£525K02/210.35 mi10a, Nightingale Road, Rickmansworth, Hertfordshire WD3 7DF2
£147.5K03/210.36 mi72a, Church Lane, Mill End, Rickmansworth, Hertfordshire WD3 8HE2
£252.5K11/220.44 mi9, Barn Lea, Mill End, Rickmansworth, Hertfordshire WD3 8QZ2
£275K08/210.45 mi1, Fearney Mead, Mill End, Rickmansworth, Hertfordshire WD3 8QF2
£465K06/230.46 mi1, Rectory Road, Rickmansworth, Hertfordshire WD3 1FH2
£282.5K11/230.46 mi29, Thompson Way, Rickmansworth, Hertfordshire WD3 8GP2
£300K12/220.46 mi16, Thompson Way, Rickmansworth, Hertfordshire WD3 8GP2
£390K10/200.47 miFlat 4, Chiltern Rise, Rectory Road, Rickmansworth, Hertfordshire WD3 1GD2
£320K06/210.5 miFlat 17, Mill Stream Lodge, Uxbridge Road, Rickmansworth, Hertfordshire WD3 8JQ2
£331.5K12/220.57 mi16, Colne Mead, Mill End, Rickmansworth, Hertfordshire WD3 8DX2
£275K07/230.58 mi12, Colne Mead, Mill End, Rickmansworth, Hertfordshire WD3 8DX2
£370K01/230.61 mi260a, Uxbridge Road, Mill End, Rickmansworth, Hertfordshire WD3 8EA2
£330K12/230.67 mi30, The Willows, Mill End, Rickmansworth, Hertfordshire WD3 8YY2
£386.5K11/220.7 mi39, Bury Meadows, Rickmansworth, Hertfordshire WD3 1DR2
£325K01/210.7 mi30, Bury Meadows, Rickmansworth, Hertfordshire WD3 1DR2
£325K09/230.7 mi22, Bury Meadows, Rickmansworth, Hertfordshire WD3 1DR2
£350K05/210.7 mi27, Bury Meadows, Rickmansworth, Hertfordshire WD3 1DR2
£315K02/210.75 miFlat 12, Willow Court, Springwell Lane, Rickmansworth, Greater London WD3 8UZ2
£300K04/230.83 mi4, Norfolk Road, Rickmansworth, Hertfordshire WD3 1QE2
£320K06/230.88 miFlat 33, Hutchings Lodge, High Street, Rickmansworth, Hertfordshire WD3 1EY2
£300.1K05/210.88 miFlat 41, Hutchings Lodge, High Street, Rickmansworth, Hertfordshire WD3 1EY2
£305K02/210.88 miFlat 42, Hutchings Lodge, High Street, Rickmansworth, Hertfordshire WD3 1EY2
£340K06/210.89 mi81, Church Street, Rickmansworth, Hertfordshire WD3 1JF2
£352K03/210.93 mi38, Skidmore Way, Rickmansworth, Hertfordshire WD3 1TA2
£340K04/210.94 miFlat 8, Willow Court, Springwell Lane, Rickmansworth, Greater London WD3 8UZ2
£330K06/230.94 miFlat 6, Willow Court, Springwell Lane, Rickmansworth, Greater London WD3 8UZ2
£360K03/210.94 miFlat 2, Webster Court, Wharf Lane, Rickmansworth, Hertfordshire WD3 1HA2
£380K12/220.94 miFlat 14, Webster Court, Wharf Lane, Rickmansworth, Hertfordshire WD3 1HA2
£400K02/230.95 miFlat 1, Webster Court, Wharf Lane, Rickmansworth, Hertfordshire WD3 1HA2
£480K06/210.96 mi3, The Quadrant, Rickmansworth, Hertfordshire WD3 1GL2
£250K11/200.96 mi34, The Quadrant, Rickmansworth, Hertfordshire WD3 1GL2
£311K11/230.96 mi38, The Quadrant, Rickmansworth, Hertfordshire WD3 1GL2
£415K04/210.98 mi54, Salters Close, Rickmansworth, Hertfordshire WD3 1HH2
£405K01/210.98 mi65, Salters Close, Rickmansworth, Hertfordshire WD3 1HH2
£382.5K06/210.98 mi36, Salters Close, Rickmansworth, Hertfordshire WD3 1HH2

Local Rents

11 rents from £1.4K/mo to £2.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,55003/250.02 mi-2
£1,45002/250.02 mi-2
£1,50011/240.27 mi-2
£1,45003/250.27 mi-2
£1,52510/240.29 miThe Greenway, Rickmansworth2
£1,55003/250.35 mi-2
£2,85002/250.38 mi-2
£1,40010/240.41 miWilliamson Way Rickmansworth WD32
£1,75010/240.43 miUxbridge Road, Rickmansworth2
£1,55010/240.45 miThellusson Way, Penn Heights, Rickmansworth2
£1,50010/240.61 miUxbridge Road, Mill End, Rickmansworth, Hertfordshire, WD3 8EA2

Local Area Statistics

Population in WD3

40,831

Population in Rickmansworth

40,832

Town centre distance

0.49 miles away

Nearest school

0.20 miles away

Nearest train station

0.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £327,500

October 31, 2024

Floor Plans

Description

  • NO CHAIN +
  • GROUND FLOOR +
  • SPACIOUS LIVING/DINING ROOM +
  • MODERN FITTED KITCHEN +
  • TWO DOUBLE BEDROOMS +
  • FAMILY BATHROOM +
  • PARKING +
  • COMMUNAL GROUNDS +

A TWO BEDROOM GROUND FLOOR APARTMENT situated in a quiet residential cul-de-sac, close to local amenities and schools.

The entrance hall provides access to all rooms within the apartment and has a convenient storage cupboard. There is a bright and spacious open plan living/dining room, with an archway leading to a modern fitted kitchen with ample wall and base cabinets for storage, both overlooking the rear communal grounds. There are two double bedrooms, one with the added benefit of fitted wardrobes. The bathroom is fully tiled with wash hand basin, W.C. and bath with shower overhead. The bedrooms overlook the front of the property.

This ground floor apartment provides spacious accommodation throughout, offering a fantastic opportunity to first time buyers and investors. The owners would consider extending the lease for the new owner, subject to negotiation. The property has residents parking and has well-maintained communal grounds.

Mead Place is situated just off Berry Lane and is within easy reach of the Uxbridge Road and local amenities. The property is approximately 1.3 miles from Rickmansworth Station and the Town Centre and is a short drive from both Junctions 17 and 18 of the M25.

Agent Details

Trend & Thomas, Rickmansworth

01923 961920

Next Steps?

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