2 Bed Detached House, Refurb/BRRR, Rickmansworth, WD3 5BP, £545,000

FORGE COTTAGE Heronsgate Road, Rickmansworth, Hertfordshire, WD3 5BP - 8 views - 5 months ago

Under Offer
Refurb/BRRR
ROI: 1%
75 m²
+7 photos

ValuationOvervalued

Sold Prices£335K - £767K
Sold Prices/m²£4.3K/m² - £9.9K/m²

 

 

Square Metres

75 m²
Price/m²£7.3K/m²

Value Estimate

£479,407

 

 

End Value (After Refurb)

£542,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£136,250

Stamp Duty & Legal Fees

£35,500

Refurb Costs

£39,688

Bridging Loan Interest

£14,306

Total Cash In

£227,495

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£542,750

Mortgage (After Refinance)

£407,063

Mortgage LTV

75%

Cash Left In

£227,495

Equity

£135,688

Rent Range

£676 - £5,000

Rent Estimate

£2,302

Running Costs/mo

£2,176

Cashflow/mo

£126

Cashflow/yr

£1,506

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £335K to £767K, average is £425K. £4.3K/m² to £9.9K/m², average is £6.6K/m².

PriceDateDistanceAddressBeds 
£540K08/230.16 mi89, Quickley Lane, Chorleywood, Rickmansworth, Hertfordshire WD3 5PG2
£535K10/230.61 mi2, Mansfield Cottages, Chorleywood, Rickmansworth, Hertfordshire WD3 5JG2
£710K05/210.94 mi78, Whitelands Avenue, Chorleywood, Rickmansworth, Hertfordshire WD3 5RG2
£400K05/211.22 mi26, Home Way, Mill End, Rickmansworth, Hertfordshire WD3 8QL2
£530K03/211.24 mi14, Badgers Walk, Chorleywood, Rickmansworth, Hertfordshire WD3 5GA2
£400K08/231.25 mi12, Thellusson Way, Rickmansworth, Hertfordshire WD3 8RR2
£445K10/231.3 mi66, Thompson Way, Rickmansworth, Hertfordshire WD3 8GP2
£445K10/231.3 mi66, Thompson Way, Rickmansworth, Hertfordshire WD3 8GP2
£405K01/211.31 mi53, Thompson Way, Rickmansworth, Hertfordshire WD3 8GP2
£425K04/211.31 mi35, Thompson Way, Rickmansworth, Hertfordshire WD3 8GP2
£401K04/211.31 mi36, Thellusson Way, Rickmansworth, Hertfordshire WD3 8RQ2
£350K12/201.32 mi10, Marriot Terrace, Chorleywood, Rickmansworth, Hertfordshire WD3 5GF2
£335K09/211.34 miFlat 32, Wildwood Court, Marriot Terrace, Chorleywood, Rickmansworth, Hertfordshire WD3 5GG2
£362.5K10/211.34 miFlat 14, Wildwood Court, Marriot Terrace, Chorleywood, Rickmansworth, Hertfordshire WD3 5GG2
£420K06/211.34 miFlat 4, Wildwood Court, Marriot Terrace, Chorleywood, Rickmansworth, Hertfordshire WD3 5GG2
£448.4K12/201.37 mi57, Williamson Way, Rickmansworth, Hertfordshire WD3 8GL2
£431.5K06/211.38 mi19, Broughton Way, Rickmansworth, Hertfordshire WD3 8GW2
£380K02/211.41 mi24, Basing Road, Rickmansworth, Hertfordshire WD3 8QJ2
£615K09/211.44 mi17, Eastwick Crescent, Mill End, Rickmansworth, Hertfordshire WD3 8YH2
£460K08/231.44 mi34, Orchard Way, Mill End, Rickmansworth, Hertfordshire WD3 8HZ2
£570K03/211.45 mi74, Eastwick Crescent, Mill End, Rickmansworth, Hertfordshire WD3 8YJ2
£436K02/211.47 mi24, Beauchamp Gardens, Mill End, Rickmansworth, Hertfordshire WD3 8EF2
£425K03/211.49 mi65, Springwell Avenue, Mill End, Rickmansworth, Hertfordshire WD3 8QD2
£375K03/231.55 mi262, Uxbridge Road, Mill End, Rickmansworth, Hertfordshire WD3 8EA2
£425K08/231.57 mi15, The Willows, Mill End, Rickmansworth, Hertfordshire WD3 8YY2
£450K10/231.58 mi16, Springwell Avenue, Mill End, Rickmansworth, Hertfordshire WD3 8PZ2
£417K10/231.58 mi24, Springwell Avenue, Mill End, Rickmansworth, Hertfordshire WD3 8PZ2
£421K06/211.64 mi361, Uxbridge Road, Mill End, Rickmansworth, Hertfordshire WD3 8DT2
£454K03/231.65 mi1, Hornhill Road, Maple Cross, Rickmansworth, Hertfordshire WD3 9TE2
£410K04/211.66 mi61, Church Lane, Mill End, Rickmansworth, Hertfordshire WD3 8PT2
£402.5K04/231.67 mi61, Clarkfield, Mill End, Rickmansworth, Hertfordshire WD3 8FL2
£450K06/211.67 mi74, Clarkfield, Mill End, Rickmansworth, Hertfordshire WD3 8FL2
£540K07/231.67 mi74, Clarkfield, Mill End, Rickmansworth, Hertfordshire WD3 8FL2
£370K06/231.67 mi54, Clarkfield, Mill End, Rickmansworth, Hertfordshire WD3 8FL2
£525K06/211.69 mi6, Berry Lane, Rickmansworth, Hertfordshire WD3 7HQ2
£515K02/211.7 mi27, Kings Close, Chalfont St. Giles, Buckinghamshire HP8 4HW2
£767K09/221.71 miShutters, Vache Lane, Chalfont St Giles, Buckinghamshire HP8 4SB2
£415K10/231.71 mi24, Church Lane, Mill End, Rickmansworth, Hertfordshire WD3 8HD2
£391K06/211.72 mi49, Ladywalk, Maple Cross, Rickmansworth, Hertfordshire WD3 9YZ2
£368K06/211.72 mi53, Ladywalk, Maple Cross, Rickmansworth, Hertfordshire WD3 9YZ2
£417K09/211.73 mi5, Longcroft Road, Maple Cross, Rickmansworth, Hertfordshire WD3 9TJ2
£488K12/201.79 mi5, Roberts Lane, Chalfont St Peter, Gerrards Cross, Buckinghamshire SL9 0QR2
£425K10/231.79 mi114, Denham Way, Maple Cross, Rickmansworth, Hertfordshire WD3 9SP2
£470K06/211.79 mi52, Denham Way, Maple Cross, Rickmansworth, Hertfordshire WD3 9SP2
£400K11/201.79 mi50, Denham Way, Maple Cross, Rickmansworth, Hertfordshire WD3 9SP2
£410K11/201.79 mi110, Denham Way, Maple Cross, Rickmansworth, Hertfordshire WD3 9SP2
£655K06/231.8 mi7, Roberts Lane, Chalfont St Peter, Gerrards Cross, Buckinghamshire SL9 0QR2
£365K02/211.84 mi195, Uxbridge Road, Mill End, Rickmansworth, Hertfordshire WD3 8DP2
£436.5K11/201.85 mi185, Uxbridge Road, Mill End, Rickmansworth, Hertfordshire WD3 8DP2
£690K09/211.97 miBeech Tree Cottage, Amersham Road, Chalfont St. Giles, Buckinghamshire HP8 4RX2

Local Rents

51 rents from £676/mo to £5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£2,35010/240.16 miQuickley Lane Chorleywood WD33
£2,40010/240.16 miQuickley Lane, Chorleywood3
£2,35002/240.58 mi-3
£2,40001/240.6 mi-3
£1,70010/240.65 miAllbrook House, Chorleywood2
£67610/230.67 mi-1
£1,75010/240.68 miBlacketts Wood Drive, Chorleywood3
£1,20002/250.73 mi-1
£1,65010/240.73 miCharlewoode House, Common Road, Chorleywood, WD3 5LN2
£1,49510/240.83 miGreen Street, Chorleywood2
£1,25004/250.86 mi-1
£1,65010/230.87 mi-2
£2,45012/231.21 mi-4
£3,25012/241.22 mi-3
£2,40009/241.22 mi-3
£3,00010/231.23 mi-4
£3,10012/231.23 mi-4
£2,75002/251.25 mi-4
£4,05004/251.26 mi-5
£3,25012/241.26 mi-3
£1,10010/241.3 miThompson Way, Rickmansworth, Hertfordshire, WD3 8GP1
£1,55010/241.31 miThellusson Way, Penn Heights, Rickmansworth2
£1,25010/241.31 miThompson Way, Rickmansworth, Hertfordshire, WD31
£1,40010/241.37 miWilliamson Way Rickmansworth WD32
£2,75010/241.38 miCoombe Hill Road, WD34
£2,95010/241.38 mi-4
£1,52510/241.46 miThe Greenway, Rickmansworth2
£1,55003/251.5 mi-2
£1,19510/241.52 miChurch Lane, Rickmansworth1
£1,30001/241.53 mi-1
£5,00010/241.55 miValley Road4
£1,50010/241.55 miUxbridge Road, Mill End, Rickmansworth, Hertfordshire, WD3 8EA2
£1,50010/241.57 miThe Willows, Rickmansworth, WD32
£1,35003/251.57 mi-2
£2,95012/241.59 mi-4
£1,50010/241.62 mi-2
£1,55001/251.62 mi-2
£4,25011/231.63 mi-5
£4,60001/251.63 mi-6
£4,00010/241.64 mi-6
£4,00010/241.64 mi-6
£1,60002/251.66 mi-2
£2,75010/241.67 miPheasants Way, Rickmansworth, Hertfordshire, WD34
£1,40010/241.69 miThe Clump Rickmansworth WD31
£4,15010/241.69 miRickmansworth, Hertfordshire5
£4,15010/241.69 miThe Clump, Chorleywood5
£2,50010/241.69 miChess Way3
£5,00002/251.7 mi-6
£1,79510/241.71 miHornhill Road, Maple Cross2
£1,10010/241.71 miClarkfield, Mill End, Rickmansworth WD31
£1,45002/251.73 mi-2

Local Area Statistics

Population in WD3

40,831

Population in Rickmansworth

40,832

Town centre distance

2.21 miles away

Nearest school

0.20 miles away

Nearest train station

0.70 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Price changed to £545,000

February 24, 2025

Listed for £585,000

November 14, 2024

Sold for £275,000

2009

Floor Plans

Description

  • Detached period cottage +
  • Entrance porch +
  • Two bedrooms +
  • Two reception rooms +
  • Fitted kitchen +
  • Bathroom +
  • Courtyard rear garden +
  • Off street parking +
  • Chain Free +
  • EPC: E +

Situated on Heronsgate Road, Forge Cottage is a two-bedroom detached house. The property has a two reception rooms, fitted kitchen and a family bathroom. The rear courtyard is southwest facing and the property has off street parking. Offered to market chain free, the property would benefit from some modernisation and improvement.

The Property:

Situated on the popular Heronsgate Road, this charming two-bedroom detached period cottage offers a unique opportunity for those seeking a home with character and potential.

As you enter through the porch there is a living room complete with ornamental fireplace. An internal hallway has a convenient storage cupboard and a separate dining room with French doors opening out to a paved southwest facing courtyard garden—an ideal spot for relaxing or entertaining. The fitted kitchen includes built-in appliances and is a usable space with scope for modernisation.

Upstairs the first-floor landing provides access to two generously sized bedrooms and a bathroom, all with the potential to create a stylish and comfortable living environment.

The property benefits from off-street parking for two cars and a charming front garden that adds to its kerb appeal. While Forge Cottage is in need of updating, it provides an exciting opportunity to create a truly special home, blending period charm with modern comfort.

Don't miss this chance to transform a rarely available property in a prime location, just moments from the tranquil village of Chorleywood and its surrounding countryside.

Location:

Chorleywood is a delightful village with an excellent variety of mainly independent shops, cafes and restaurants. In addition, there is a Community Library, two doctors’ and dentists’ surgeries There is an excellent range of schooling for all ages nearby in both the private and state sectors. Chorleywood Metropolitan/Chiltern Line Station offers a 35minute service into central London. The nearby M25 (Junctions 17 & 18) gives access to the airports and the national motorway network.

Costs:

Council Tax – Three Rivers District Council – Band E - £2,697.16 (For the period 2024 – 2025)

Agent Details

Binks Estate Agents, Covering Chilterns

01923 961214

Next Steps?

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

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