3 Bed Terraced House, Refurb/BRRR, Watford, WD19 5AY, £450,000

The Hoe, Carpenders Park, WD19 5AY - 10 views - 4 months ago

Under Offer
Refurb/BRRR
ROI: 2%
~93 m²
+13 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£49,200

Bridging Loan Interest

£11,813

Total Cash In

£199,963

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£495,326

Mortgage (After Refinance)

£371,495

Mortgage LTV

75%

Cash Released

£33,995

Cash Left In

£165,968

Equity

£123,832

Rent Range

£2,000 - £3,500

Rent Estimate

£2,380

Running Costs/mo

£2,044

Cashflow/mo

£336

Cashflow/yr

£4,032

ROI

2%

Gross Yield

6%













Local Rents

12 rents from £2K/mo to £3.5K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£2,30012/240.33 mi-3
£2,05011/240.35 mi-3
£2,00011/240.39 mi-3
£2,10010/240.4 mi-3
£2,30003/250.42 mi-3
£2,10002/250.43 mi-3
£2,10003/250.43 mi-3
£2,10002/250.43 mi-3
£3,50010/240.48 mi-3
£3,15001/250.48 mi-3
£2,95002/250.48 mi-3
£2,20001/240.59 mi-3

Local Area Statistics

Population in WD19

27,274

Population in Watford

117,094

Town centre distance

2.07 miles away

Nearest school

0.40 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £450,000

November 11, 2024

Floor Plans

Description

  • 3 BEDROOMS +
  • FLAT ROOF HOUSE +
  • LARGE LOUNGE +
  • FITTED KITCHEN +
  • DINING ROOM +
  • FRONT AND REAR GARDENS +
  • BATHROOM AND SEPARATE W.C. +
  • DOUBLE GLAZING +
  • NO UPPER CHAIN +
  • IN NEED OF MODERNISATION +

STUNNING LOCATION! SITUATED IN A QUIET CORNER OF CARPENDERS PARK, THIS 3 BEDROOM TERRACE HOUSE OFFERS PLENTY OF POTENTIAL FOR IMPROVEMENT. NO UPPER CHAIN!

Here at Fairfield`s we are delighted to welcome to the market this fantastic 3 bedroom terraced house. Upon entrance you will find a spacious hallway, leading to a large living room ideal for the family. There is a fitted kitchen, and dining room to the rear which provides access to the serene private rear garden. Upstairs consists of three good sized bedrooms, a family bathroom and separate w.c, along with ample built-in storage options. Further benefits include double glazing, central heating via a warm air system, and a single garage.

Location is perfect with Carpenders Park Overground station just a short walk away, ideal for commuting into London and Watford. There are lots of green spaces available with local walking trails and woodland nearby along with local shops, primary school and other local amenities. Major road links such as the M1, M25 and A41 are all within easy access from the property.

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Notice
We have prepared these particulars as a general guide of the property and they are not intended to constitute part of an offer or contract. We have not carried out a detailed survey of the property and we have not tested any apparatus, fixtures, fittings, or services. All measurements and floorplans are approximate, and photographs are for guidance only, and these should not be relied upon for the purchase of carpets or any other fixtures or fittings.

Lease details, service charges and ground rent (where applicable) have been provided by the client and should be checked and confimed by your solicitor prior to exchange of contracts.

Agent Details

Fairfield Estate Agents, Oxhey

020 3871 8925

Next Steps?

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