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4 Bed Detached House, Refurb/BRRR, Potters Bar, EN6 4AT, £1,250,000

14 Hanyards Lane, Potters Bar, Hertfordshire, EN6 4AT - 11 views - 5 months ago

Under Offer
Refurb/BRRR
Planning
ROI: 4%
130 m²
+7 photos

ValuationOvervalued

Sold Prices£600K - £1.3M
Sold Prices/m²£3.7K/m² - £11.6K/m²

 

 

Square Metres

130 m²
Price/m²£9.6K/m²

Value Estimate

£661,655

 

 

End Value (After Refurb)

£1,100,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£312,500

Stamp Duty & Legal Fees

£104,950

Refurb Costs

£68,774

Bridging Loan Interest

£32,813

Total Cash In

£520,787

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£1,100,000

Mortgage (After Refinance)

£825,000

Mortgage LTV

75%

Cash Left In

£520,787

Equity

£275,000

Rent Range

£1,900 - £15,000

Rent Estimate

£6,409

Running Costs/mo

£4,739

Cashflow/mo

£1,670

Cashflow/yr

£20,036

ROI

4%

Gross Yield

6%

Local Sold Prices

29 sold prices from £600K to £1.3M, average is £825K. £3.7K/m² to £11.6K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£885K01/210.09 mi61, Hill Rise, Cuffley, Potters Bar, Hertfordshire EN6 4RX4
£872.5K12/200.09 mi69, Hill Rise, Cuffley, Potters Bar, Hertfordshire EN6 4RX4
£970K10/220.11 mi2, Hanyards End, Cuffley, Potters Bar, Hertfordshire EN6 4EN4
£900K11/220.15 mi8, Farm Close, Cuffley, Potters Bar, Hertfordshire EN6 4RQ4
£830K11/200.16 mi1, Farm Close, Cuffley, Potters Bar, Hertfordshire EN6 4RQ4
£1.1M04/210.17 mi20, Tolmers Avenue, Cuffley, Potters Bar, Hertfordshire EN6 4QA4
£785K12/200.18 mi4, Sutherland Way, Cuffley, Potters Bar, Hertfordshire EN6 4EG4
£1.2M01/210.31 mi15, Bacons Drive, Cuffley, Potters Bar, Hertfordshire EN6 4DX4
£875K04/210.33 mi46, Homewood Avenue, Cuffley, Potters Bar, Hertfordshire EN6 4QR4
£790K11/200.33 mi40, Homewood Avenue, Cuffley, Potters Bar, Hertfordshire EN6 4QR4
£650K11/200.34 mi36, Kingsmead, Cuffley, Potters Bar, Hertfordshire EN6 4AN4
£1.3M01/230.34 mi17, Kingsmead, Cuffley, Potters Bar, Hertfordshire EN6 4AN4
£730K03/210.38 mi69, Brookside Crescent, Cuffley, Potters Bar, Hertfordshire EN6 4QP4
£950K01/230.38 mi75, Brookside Crescent, Cuffley, Potters Bar, Hertfordshire EN6 4QP4
£1.0M06/230.4 mi154, Brookside Crescent, Cuffley, Potters Bar, Hertfordshire EN6 4QL4
£825K06/210.4 mi26, Brookside Crescent, Cuffley, Potters Bar, Hertfordshire EN6 4QN4
£890K11/220.41 mi7, Thrush Lane, Cuffley, Potters Bar, Hertfordshire EN6 4JU4
£940K07/210.43 mi60, Tolmers Road, Cuffley, Potters Bar, Hertfordshire EN6 4JY4
£635K06/210.43 mi68, Brookside Crescent, Cuffley, Potters Bar, Hertfordshire EN6 4QJ4
£750K02/210.49 mi15, Plough Hill, Cuffley, Potters Bar, Hertfordshire EN6 4DN4
£880K04/230.51 mi39, King James Avenue, Cuffley, Potters Bar, Hertfordshire EN6 4LN4
£795K05/210.61 mi24, The Meadway, Cuffley, Potters Bar, Hertfordshire EN6 4ES4
£658.1K12/200.64 mi5, Theobalds Road, Cuffley, Potters Bar, Hertfordshire EN6 4HQ4
£810K04/210.66 mi17, The Meadway, Cuffley, Potters Bar, Hertfordshire EN6 4ET4
£600K03/230.68 mi2, Theobalds Road, Cuffley, Potters Bar, Hertfordshire EN6 4HQ4
£715K04/230.75 mi63, Theobalds Road, Cuffley, Potters Bar, Hertfordshire EN6 4HL4
£775K12/210.79 mi13, South Drive, Cuffley, Potters Bar, Hertfordshire EN6 4HP4
£620K05/230.79 mi15, South Drive, Cuffley, Potters Bar, Hertfordshire EN6 4HP4
£792.5K10/220.8 mi11, South Drive, Cuffley, Potters Bar, Hertfordshire EN6 4HP4

Local Rents

17 rents from £1.9K/mo to £15K/mo, average is £4.3K/mo.

RentDateDistanceAddressBeds 
£3,50012/240.05 mi-5
£3,50012/240.05 mi-5
£4,50012/240.09 miRowbourne Place, Cuffley, Hertfordshire, EN64
£3,25004/240.15 miTolmers Avenue, Cuffley, Hertfordshire, EN64
£3,25004/240.19 miCuffley4
£3,99504/240.38 miBrookside Crescent, Cuffley4
£3,99504/240.38 miBrookside Crescent, Cuffley, Hertfordshire, EN64
£8,50004/240.43 miThe Ridgeway, Cuffley, Hertfordshire, EN65
£8,50004/240.48 miThe Ridgeway, Cuffley5
£1,90003/240.52 miTolmers Road, Cuffley4
£2,99508/241.02 miNewgate Street Village, Hertford4
£9,00012/241.07 miNew Park Road, Newgate Street, Hertford, Hertfordshire, SG136
£9,00012/241.07 miNew Park Road, Newgate Street, SG135
£9,99512/241.09 miPonsborne Manor, Newgate Street Village, Cuffley4
£8,75012/241.13 miNewgate Street Village, Hertfordshire, SG134
£4,25004/251.18 mi-4
£15,00012/241.22 miVineyards Road, Northaw5

Links

Local Area Statistics

Population in EN6

29,067

Population in Potters Bar

29,075

Town centre distance

2.91 miles away

Nearest school

0.80 miles away

Nearest train station

0.61 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+16%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £1,250,000

November 12, 2024

Sold for £90,000

1996

Description

  • No onward chain +
  • Sole agent +
  • Four bedrooms +
  • South facing rear garden +
  • Scope to extend subject to planning +
  • Great location +

NO ONWARD CHAIN. Located on a substantial plot on one of Cuffley's most desirable locations is this detached residence in need of modernisation. Boasting huge scope to extend subject to planning permission.

Hanyards Lane offers a blend of village living, with the City in sight. This charming country location offers tranquility every day, yet central London is easily accessible with excellent rail and road connections. Cuffley mainline station offers a direct service into the City (32 mins to Moorgate), whilst 10 mins away Potters Bar Bus station will take you into King's Cross in 16 mins, making even a daily commute comfortable.

Sitting just north of the M25, Hanyards Lane also gives quick access to many major arterial roads. A number of top schools are within a small radius of Cuffley. Renowned private schools include St John's Preparatory/Senior, Queenswood, Lochinver House and Stormont Preparatory in addition to a good selection of state schools. Northaw Great Wood, 300 acres of woodland, is moments away.

Local Authority:
Welwyn & Hatfield
Council Tax Band: G
FREEHOLD

Agent Details

Statons, Brookmans Park

01707 954088

Next Steps?

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

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