3 Bed Semi-Detached House, Planning Permission, Potters Bar, EN6 2LE, £875,000

35 Sherwood Avenue, Potters Bar, Hertfordshire, EN6 2LE - 3 views - 4 months ago

Planning
~93 m²
+18 photos

ValuationOvervalued

Sold Prices£415K - £770K
Sold Prices/m²£5.1K/m² - £9.8K/m²

 

 

Square Metres

~93 m²
Price/m²£9.4K/m²

Value Estimate

£627,524

 

 

End Value (After Refurb)

£707,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£218,750

Stamp Duty & Legal Fees

£58,700

Refurb Costs

£49,200

Bridging Loan Interest

£22,969

Total Cash In

£351,369

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£707,500

Mortgage (After Refinance)

£530,625

Mortgage LTV

75%

Cash Left In

£351,369

Equity

£176,875

Rent Range

£1,950 - £2,600

Rent Estimate

£2,146

Running Costs/mo

£2,660

Cashflow/mo

£-514

Cashflow/yr

£-6,170

Gross Yield

3%

Local Sold Prices

50 sold prices from £415K to £770K, average is £565K. £5.1K/m² to £9.8K/m², average is £6.7K/m².

PriceDateDistanceAddressBeds 
£640K11/220.03 mi46, Sherwood Avenue, Potters Bar, Hertfordshire EN6 2LE3
£578K04/210.03 mi64, Sherwood Avenue, Potters Bar, Hertfordshire EN6 2LE3
£520K02/210.03 mi42, Sherwood Avenue, Potters Bar, Hertfordshire EN6 2LE3
£740K11/220.05 mi97, Aberdale Gardens, Potters Bar, Hertfordshire EN6 2JF3
£525K12/200.06 mi38, Elmscroft Gardens, Potters Bar, Hertfordshire EN6 2JR3
£670K02/210.07 mi23, Elmscroft Gardens, Potters Bar, Hertfordshire EN6 2JP3
£550K09/210.13 mi40, The Drive, Potters Bar, Hertfordshire EN6 2AR3
£675K07/230.13 mi57, The Drive, Potters Bar, Hertfordshire EN6 2AR3
£640K02/210.13 mi44, The Drive, Potters Bar, Hertfordshire EN6 2AR3
£600K11/200.15 mi31, Brooklands Gardens, Potters Bar, Hertfordshire EN6 2LB3
£550K11/200.16 mi13, Elmfield Road, Potters Bar, Hertfordshire EN6 2JH3
£600K03/210.17 mi21, The Drive, Potters Bar, Hertfordshire EN6 2AP3
£480K11/200.18 mi16, The Shrublands, Potters Bar, Hertfordshire EN6 2BW3
£645K11/220.22 mi290, Mutton Lane, Potters Bar, Hertfordshire EN6 2AU3
£475K03/210.24 mi112, Auckland Road, Potters Bar, Hertfordshire EN6 3HE3
£565K02/210.24 mi97, Auckland Road, Potters Bar, Hertfordshire EN6 3HE3
£765K01/210.24 mi62, Santers Lane, Potters Bar, Hertfordshire EN6 2DA3
£650K01/230.25 mi28, Baker Street, Potters Bar, Hertfordshire EN6 2EA3
£715K03/230.25 mi156, Dugdale Hill Lane, Potters Bar, Hertfordshire EN6 2DE3
£537K12/200.25 mi306, Mutton Lane, Potters Bar, Hertfordshire EN6 2AX3
£695K04/210.26 mi2a, Santers Lane, Potters Bar, Hertfordshire EN6 2BU3
£700K03/210.26 mi15, Elmroyd Avenue, Potters Bar, Hertfordshire EN6 2ED3
£509K12/200.26 mi55, Auckland Road, Potters Bar, Hertfordshire EN6 3HS3
£525K12/200.26 mi82, Auckland Road, Potters Bar, Hertfordshire EN6 3HS3
£585K09/210.26 mi66, Auckland Road, Potters Bar, Hertfordshire EN6 3HS3
£565K01/210.28 mi5, Oakroyd Avenue, Potters Bar, Hertfordshire EN6 2EH3
£700K06/230.28 mi15, Rushfield, Potters Bar, Hertfordshire EN6 3HN3
£420K02/210.29 mi3, Laurel Avenue, Potters Bar, Hertfordshire EN6 2AQ3
£496K02/230.29 mi15, Laurel Avenue, Potters Bar, Hertfordshire EN6 2AF3
£695K04/230.29 mi18, Shillitoe Avenue, Potters Bar, Hertfordshire EN6 3HG3
£480K11/200.29 mi184, Auckland Road, Potters Bar, Hertfordshire EN6 3HT3
£567.5K11/220.29 mi16, Laurel Avenue, Potters Bar, Hertfordshire EN6 2AF3
£460K11/200.3 mi39, Laurel Avenue, Potters Bar, Hertfordshire EN6 2AB3
£455K11/200.3 mi59, Laurel Avenue, Potters Bar, Hertfordshire EN6 2AB3
£415K01/210.3 mi57, Laurel Avenue, Potters Bar, Hertfordshire EN6 2AB3
£477K11/200.31 mi43, Laurel Avenue, Potters Bar, Hertfordshire EN6 2AB3
£500K10/220.31 mi53, Laurel Avenue, Potters Bar, Hertfordshire EN6 2AB3
£540K12/200.31 mi21, Neville Close, Potters Bar, Hertfordshire EN6 2AG3
£540K12/200.31 mi21, Neville Close, Potters Bar, Hertfordshire EN6 2AG3
£700K03/210.31 mi184, Dugdale Hill Lane, Potters Bar, Hertfordshire EN6 2DD3
£675K03/210.32 mi178, Dugdale Hill Lane, Potters Bar, Hertfordshire EN6 2DD3
£477.5K03/210.32 mi19, Shillitoe Avenue, Potters Bar, Hertfordshire EN6 3HH3
£560K12/220.32 mi13, Shillitoe Avenue, Potters Bar, Hertfordshire EN6 3HH3
£770K11/220.33 mi21, Elmroyd Avenue, Potters Bar, Hertfordshire EN6 2EE3
£455K09/210.33 mi41, Borough Way, Potters Bar, Hertfordshire EN6 3HA3
£455K09/210.33 mi41, Borough Way, Potters Bar, Hertfordshire EN6 3HA3
£610K03/210.34 mi7, The Close, Potters Bar, Hertfordshire EN6 2HY3
£575K03/210.34 mi58, Borough Way, Potters Bar, Hertfordshire EN6 3HB3
£467.5K01/230.34 mi201, Mutton Lane, Potters Bar, Hertfordshire EN6 2AN3
£580K05/230.35 mi46, Borough Way, Potters Bar, Hertfordshire EN6 3HB3

Local Rents

21 rents from £1.9K/mo to £2.6K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,05002/240.11 mi-3
£2,25012/240.12 mi-3
£2,00012/240.13 mi-3
£2,20004/240.21 miMutton Lane, Potters Bar, EN63
£2,20003/240.23 miDugdale Hill Lane, Potters Bar, EN63
£2,20002/240.23 mi-3
£1,99512/240.23 mi-3
£2,25003/250.26 mi-3
£2,30001/250.27 mi-3
£1,95004/240.3 miLaurel Avenue, Potters Bar, Hertfordshire, EN63
£2,45002/250.32 mi-3
£2,30002/250.33 mi-3
£2,40004/240.34 miAuckland Road, Potters Bar3
£2,00004/240.36 miRushfield, Potters Bar, EN6 3HW3
£2,50002/240.37 mi-3
£2,00003/240.38 miClive Close, Potters Bar, EN63
£2,20012/240.44 miMimms Hall Road, Potters Bar3
£2,20004/240.45 miMimms Hall Road,Potters Bar,EN63
£2,30012/240.54 mi-3
£2,60012/240.59 mi-3
£2,00003/240.6 miCranborne Road, Potters Bar, Hertfordshire, EN63

Local Area Statistics

Population in EN6

29,067

Population in Potters Bar

29,075

Town centre distance

0.72 miles away

Nearest school

0.30 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+16%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £875,000

November 25, 2024

Sold for £400,000

2008

Sold for £336,500

2004

Floor Plans

Description

  • LOUNGE: 14'11 x 12'4 +
  • BEDROOM 1: 14'11 x 9'9 +
  • DINING ROOM: 18'8 x 12'0 +
  • BEDROOM 2: 12'0 x 9'9 +
  • KITCHEN/BREAKFAST ROOM: 11'7 x 8'6 +
  • BEDROOM 3: 10'11 x 7'5 +
  • STUDY/BEDROOM: 9'11 x 5'11 +
  • TWO BATHROOMS +
  • FAMILY ROOM/PLAYROOM: 14'4 x 11'7 +
  • GARAGE: 15'2 x 9'11 +

Situated in this highly sought after avenue, close to well regarded local schools including Dame Alice Owen, this beautiully presented three/four bedroom semi detached family home benefits from a rear extension and now provides flexible and spacious accommodation.

Features include a welcoming entrance hall which has a deep understairs pantry cupboard, a separate lounge to the front, a dining room, family/play room, kitchen/breakfast room, an office or fourth bedroom, and a downstairs shower room. To the first floor, there is a spacious landing, three good sized bedrooms and a family bathroom which is fitted with a walk-in shower.

Externally, the front drive provides off street parking for two cars, an attached garage fitted with an electric door and a low maintenance 55ft x 30ft rear garden which has two paved terraces, artificial grass and the shed has power and lighting.

Features also include LED recessed lighting to the entance hall, staircase, first floor landing and rear garden, the kitchen is fitted with Neff appliances, both double bedrooms have full width fitted wardrobes, the third bedroom has a deep built-in cupboard and a water softener for the showers and hot water.

We understand that planning permission was granted (now lapsed) for a further extension to build above the garage, convert the garage to a habitable room and to convert the loft to a further bedroom and bathroom.

COUNCIL TAX BAND: F

EPC RATING: D

The property is located in Sherwood Avenue which runs between Allandale Crescent and Aberdale Gardens and is ideally positioned being just a short walk away from the extensive shopping facilities in Darkes Lane and Potters Bar mainline station which provides a fast and frequent service to Kings Cross and Moorgate. Major road access is excellent with the M25 and A1(M) motorways being a short motoring distance away.

Agent Details

Andrew Ward, Potters Bar

01707 241207

Next Steps?

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