3 Bed Bungalow, Planning Permission, Welwyn, AL6 0TU, £680,000

37 Mardley Avenue, Welwyn, Hertfordshire, AL6 0TU - 4 views - 5 months ago

Planning
113 m²
+21 photos

ValuationOvervalued

Sold Prices£306K - £775K
Sold Prices/m²£3.9K/m² - £6.8K/m²

 

 

Square Metres

112.85 m²
Price/m²£6K/m²

Value Estimate

£595,191

 

 

End Value (After Refurb)

£664,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£170,000

Stamp Duty & Legal Fees

£43,100

Refurb Costs

£55,435

Bridging Loan Interest

£17,850

Total Cash In

£288,135

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£664,000

Mortgage (After Refinance)

£498,000

Mortgage LTV

75%

Cash Left In

£288,135

Equity

£166,000

Rent Range

£895 - £6,000

Rent Estimate

£1,901

Running Costs/mo

£2,475

Cashflow/mo

£-574

Cashflow/yr

£-6,890

Gross Yield

3%

Local Sold Prices

47 sold prices from £306K to £775K, average is £475K. £3.9K/m² to £6.8K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£775K11/200.04 mi35, Mardley Avenue, Welwyn, Hertfordshire AL6 0TU3
£646K10/220.05 mi2, Woodacre Drive, Welwyn, Hertfordshire AL6 0UA3
£450K11/200.07 mi1, Woodacre Drive, Welwyn, Hertfordshire AL6 0UA3
£700K10/200.14 mi95, Robbery Bottom Lane, Welwyn, Hertfordshire AL6 0UL3
£622.5K12/200.19 mi5, Larch Lane, Welwyn, Hertfordshire AL6 0UJ3
£615K12/200.19 mi48, Robbery Bottom Lane, Welwyn, Hertfordshire AL6 0UN3
£700K03/210.19 mi11, The Drive, Welwyn, Hertfordshire AL6 0TW3
£747.5K05/210.19 mi1, The Drive, Welwyn, Hertfordshire AL6 0TW3
£695K03/210.24 mi26, Chestnut Walk, Welwyn, Hertfordshire AL6 0SD3
£760K05/210.29 mi17a, Briary Wood Lane, Welwyn, Hertfordshire AL6 0TE3
£407.5K03/210.32 mi20, Twin Foxes, Woolmer Green, Knebworth, Hertfordshire SG3 6QT3
£412.5K12/200.33 mi14, Twin Foxes, Woolmer Green, Knebworth, Hertfordshire SG3 6QT3
£382K04/230.33 mi48, Twin Foxes, Woolmer Green, Knebworth, Hertfordshire SG3 6QT3
£510K02/220.38 mi12, Holly Road, Woolmer Green, Knebworth, Hertfordshire SG3 6LL3
£750K09/210.39 mi11, Dolesbury Drive, Welwyn, Hertfordshire AL6 0QE3
£575K11/200.43 mi10, Dudley Hill Close, Welwyn, Hertfordshire AL6 0QQ3
£475K03/210.43 mi4, Oak Road, Woolmer Green, Knebworth, Hertfordshire SG3 6LS3
£390K07/220.46 mi8, Mardleybury Road, Woolmer Green, Knebworth, Hertfordshire SG3 6LT3
£410K12/200.47 mi3, New Court, Woolmer Green, Knebworth, Hertfordshire SG3 6LJ3
£470K06/210.48 mi12, Carvers Croft, Woolmer Green, Knebworth, Hertfordshire SG3 6LX3
£440K06/210.49 mi74, Carvers Croft, Woolmer Green, Knebworth, Hertfordshire SG3 6LX3
£550K08/230.54 mi1, Whetstone Court, Welwyn, Hertfordshire AL6 0QY3
£615K09/230.54 mi2, Whetstone Court, Welwyn, Hertfordshire AL6 0QY3
£475K08/220.55 mi7, Hay Wains, Woolmer Green, Knebworth, Hertfordshire SG3 6HW3
£460K02/220.55 mi11, Hay Wains, Woolmer Green, Knebworth, Hertfordshire SG3 6HW3
£306K10/200.61 mi17, Longmead, Woolmer Green, Knebworth, Hertfordshire SG3 6JH3
£355K04/220.61 mi20, Longmead, Woolmer Green, Knebworth, Hertfordshire SG3 6JH3
£380K02/220.61 mi31, Longmead, Woolmer Green, Knebworth, Hertfordshire SG3 6JH3
£415K11/220.61 mi28, Longmead, Woolmer Green, Knebworth, Hertfordshire SG3 6JH3
£520K10/200.62 mi12, Garden Road, Woolmer Green, Knebworth, Hertfordshire SG3 6JZ3
£472K06/210.64 mi14, Garden Road, Woolmer Green, Knebworth, Hertfordshire SG3 6JZ3
£720K12/220.64 mi24, Oaklea, Welwyn, Hertfordshire AL6 0PU3
£680K03/230.64 mi22, Oaklea, Welwyn, Hertfordshire AL6 0PU3
£450K03/210.64 mi21, The Brambles, Welwyn, Hertfordshire AL6 0PG3
£532K07/210.65 mi7, The Brambles, Welwyn, Hertfordshire AL6 0PG3
£485K06/230.65 mi5, The Brambles, Welwyn, Hertfordshire AL6 0PG3
£435K02/210.65 mi8, The Brambles, Welwyn, Hertfordshire AL6 0PG3
£432.5K12/200.65 mi9, The Brambles, Welwyn, Hertfordshire AL6 0PG3
£675K03/240.66 mi27, Oaklea, Welwyn, Hertfordshire AL6 0PT3
£721.5K02/230.7 mi10a, Oaklea Wood, Welwyn, Hertfordshire AL6 0PJ3
£610K12/200.7 miBriar Cottage, Pottersheath Road, Welwyn, Hertfordshire AL6 9SU3
£570K04/240.85 mi37, The Avenue, Welwyn, Hertfordshire AL6 0PW3
£470K11/210.98 mi40, Gun Road Gardens, Knebworth, Hertfordshire SG3 6EB3
£426K05/220.99 mi21, Woodstock, Knebworth, Hertfordshire SG3 6EA3
£390K09/221 mi33, Woodstock, Knebworth, Hertfordshire SG3 6EA3
£363K11/201 mi12, Woodstock, Knebworth, Hertfordshire SG3 6EA3
£385K11/221 mi19, Woodstock, Knebworth, Hertfordshire SG3 6EA3

Local Rents

50 rents from £895/mo to £6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,10008/240.44 miKimptons Court, Woolmer Green, SG32
£3,00012/240.44 miDudley Hill Close, Welwyn5
£99508/240.44 miKimptons Court, Woolmer Green1
£1,07502/250.45 mi-1
£1,09512/240.48 miCarvers Croft, Woolmer Green1
£1,45012/240.49 miCarvers Croft, Woolmer Green, KNEBWORTH2
£1,60012/240.56 miLondon Road, Woolmer Green, SG32
£99512/240.67 miPottersheath Road, Welwyn1
£1,40012/240.82 miAvenue Court, Welwyn2
£1,20012/240.85 mi-1
£92512/240.93 miPotters Heath Lane, Welwyn1
£1,10003/250.98 mi-1
£89508/240.99 miWoodstock, Knebworth1
£1,00012/241 miWoodstock, Knebworth, SG31
£1,49508/241.03 miWadnall Way, Knebworth3
£1,79512/241.09 miGun Road Gardens, Knebworth3
£2,30008/241.16 miGun Lane, Knebworth, Hertfordshire, SG33
£1,49512/241.19 miBurnham Green Road, Burnham Green3
£2,50012/241.2 miDanesbury Park, North Ride, Welwyn, Hertfordshire, AL63
£2,50012/241.2 miDanesbury Park, North Ride, Welwyn, AL63
£6,00006/231.21 mi-3
£4,50012/241.27 miNew Road, Digswell4
£1,10007/241.28 mi-1
£2,30012/241.29 miMilestone Road, Knebworth4
£1,45012/241.32 miOrchard Way, Knebworth, Hertfordshire, SG32
£1,45012/241.33 miClock House Gardens, Welwyn, Hertfordshire2
£1,89508/241.34 mi-3
£1,25002/251.35 mi-1
£1,49508/241.36 miStrafford Court, Pondcroft Road, Knebworth3
£3,30012/241.36 mi-6
£3,95011/241.36 mi-5
£95008/241.36 mi-1
£1,20012/241.37 miDeanscroft, Knebworth, Hertfordshire, SG32
£1,95008/241.38 miLondon Road2
£3,00006/241.38 mi-3
£1,10012/241.39 mi-1
£1,00008/241.41 mi-1
£1,00008/241.42 miRedemption Court, Knebworth, SG31
£1,40012/241.42 miRedemption Court, Knebworth, SG32
£1,50008/241.43 mi-2
£1,55007/241.43 mi-2
£89512/241.43 miStation Road, Knebworth1
£1,45003/251.43 mi-2
£1,55004/251.43 mi-2
£1,20008/241.45 miKnebworth, Hertfordshire2
£4,45008/241.47 mi-6
£4,45012/241.47 mi-6
£4,45003/251.47 mi-6
£97508/241.48 miStevenage Road, Knebworth1
£2,85002/251.49 mi-4

Local Area Statistics

Population in AL6

11,178

Population in Welwyn

11,181

Town centre distance

3.23 miles away

Nearest school

0.40 miles away

Nearest train station

1.46 miles away

 

 

Rental growth (12m)

-44%

Sales demand

Buyer's market

Capital growth (5yrs)

-1%

Property History

Listed for £680,000

November 6, 2024

Sold for £320,000

2004

Sold for £210,000

1999

Floor Plans

Description

  • DETACHED BUNGALOW +
  • THREE BEDROOMS +
  • GENEROUS PLOT +
  • GARAGE AND PARKING +
  • OAKLANDS AREA +
  • WELL PRESENTED +

Located in the highly desirable Mardley Avenue within the Oaklands area of Welwyn Garden City, this three-bedroom detached bungalow offers a perfect blend of comfort, space, and privacy. Set back from the road, the property enjoys a peaceful setting on a large plot, with a spacious front driveway that provides ample parking and leads to a single garage, ideal for extra storage or secure parking.

Upon entering, you’re greeted by a welcoming entrance hall that gives access to the main living areas of the home. A conveniently positioned cloakroom adds functionality, perfect for guests or family needs.

One of the highlights of this bungalow is the 20-foot lounge and dining space, a light-filled and versatile area designed for both relaxation and entertaining. This generously sized room features large windows that overlook the garden, creating a bright, airy atmosphere and seamless indoor-outdoor connectivity. Adjacent to this, a well-proportioned kitchen/breakfast room provides ample storage and workspace, making it ideal for both casual meals and more formal cooking.

For those who work from home or need additional space, the property also includes a large study area. This versatile room could be used as a home office, library, or hobby room, offering a quiet retreat from the rest of the house.

The bungalow boasts three well-appointed bedrooms, each providing a comfortable and private space for residents. The bedrooms are designed to maximize space, light, and convenience, with each room offering potential for customized storage solutions to suit individual needs. A family bathroom suite services the bedrooms, featuring modern fittings and a timeless design that adds to the property’s overall appeal.

Outside, the property enjoys a large rear plot that offers endless possibilities for outdoor living. The garden is an expansive, private oasis with plenty of potential for landscaping, gardening, or even future extensions, subject to planning permissions. The surrounding greenery and mature trees add to the sense of tranquility, making this a perfect retreat from the hustle and bustle of daily life.

In summary, this bungalow on Mardley Avenue provides a rare opportunity to enjoy spacious, single-level living in a sought-after location. With its well-considered layout, ample living and sleeping quarters, and significant outdoor space, it is a versatile and inviting home ideal for families, couples, or downsizers seeking a property with a blend of modern convenience and classic charm.

Agent Details

haart, Welwyn Garden City

01707 241175

Next Steps?

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