2 Bed Detached House, Refurb/BRRR, Rickmansworth, WD3 5BS, £500,000

FLINT COTTAGE Long Lane, Rickmansworth, Hertfordshire, WD3 5BS - 7 views - 3 months ago

Under Offer
Refurb/BRRR
Planning
ROI: 1%
~68 m²
+6 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£7.3K/m²

Value Estimate

£433,532

 

 

End Value (After Refurb)

£542,750

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£36,043

Bridging Loan Interest

£13,125

Total Cash In

£204,618

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£542,750

Mortgage (After Refinance)

£407,063

Mortgage LTV

75%

Cash Released

£32,063

Cash Left In

£172,555

Equity

£135,688

Rent Range

£676 - £5,000

Rent Estimate

£2,454

Running Costs/mo

£2,207

Cashflow/mo

£247

Cashflow/yr

£2,965

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £335K to £767K, average is £425K. £4.3K/m² to £9.9K/m², average is £6.5K/m².

PriceDateDistanceAddressBeds 
£540K08/230.28 mi89, Quickley Lane, Chorleywood, Rickmansworth, Hertfordshire WD3 5PG2
£535K10/230.59 mi2, Mansfield Cottages, Chorleywood, Rickmansworth, Hertfordshire WD3 5JG2
£400K05/211.03 mi26, Home Way, Mill End, Rickmansworth, Hertfordshire WD3 8QL2
£400K08/231.07 mi12, Thellusson Way, Rickmansworth, Hertfordshire WD3 8RR2
£710K05/211.07 mi78, Whitelands Avenue, Chorleywood, Rickmansworth, Hertfordshire WD3 5RG2
£445K10/231.12 mi66, Thompson Way, Rickmansworth, Hertfordshire WD3 8GP2
£445K10/231.12 mi66, Thompson Way, Rickmansworth, Hertfordshire WD3 8GP2
£405K01/211.12 mi53, Thompson Way, Rickmansworth, Hertfordshire WD3 8GP2
£425K04/211.12 mi35, Thompson Way, Rickmansworth, Hertfordshire WD3 8GP2
£401K04/211.13 mi36, Thellusson Way, Rickmansworth, Hertfordshire WD3 8RQ2
£530K03/211.17 mi14, Badgers Walk, Chorleywood, Rickmansworth, Hertfordshire WD3 5GA2
£448.4K12/201.18 mi57, Williamson Way, Rickmansworth, Hertfordshire WD3 8GL2
£431.5K06/211.2 mi19, Broughton Way, Rickmansworth, Hertfordshire WD3 8GW2
£380K02/211.21 mi24, Basing Road, Rickmansworth, Hertfordshire WD3 8QJ2
£615K09/211.25 mi17, Eastwick Crescent, Mill End, Rickmansworth, Hertfordshire WD3 8YH2
£350K12/201.25 mi10, Marriot Terrace, Chorleywood, Rickmansworth, Hertfordshire WD3 5GF2
£570K03/211.26 mi74, Eastwick Crescent, Mill End, Rickmansworth, Hertfordshire WD3 8YJ2
£335K09/211.26 miFlat 32, Wildwood Court, Marriot Terrace, Chorleywood, Rickmansworth, Hertfordshire WD3 5GG2
£362.5K10/211.26 miFlat 14, Wildwood Court, Marriot Terrace, Chorleywood, Rickmansworth, Hertfordshire WD3 5GG2
£420K06/211.26 miFlat 4, Wildwood Court, Marriot Terrace, Chorleywood, Rickmansworth, Hertfordshire WD3 5GG2
£460K08/231.26 mi34, Orchard Way, Mill End, Rickmansworth, Hertfordshire WD3 8HZ2
£436K02/211.28 mi24, Beauchamp Gardens, Mill End, Rickmansworth, Hertfordshire WD3 8EF2
£425K03/211.29 mi65, Springwell Avenue, Mill End, Rickmansworth, Hertfordshire WD3 8QD2
£375K03/231.35 mi262, Uxbridge Road, Mill End, Rickmansworth, Hertfordshire WD3 8EA2
£425K08/231.37 mi15, The Willows, Mill End, Rickmansworth, Hertfordshire WD3 8YY2
£450K10/231.39 mi16, Springwell Avenue, Mill End, Rickmansworth, Hertfordshire WD3 8PZ2
£417K10/231.39 mi24, Springwell Avenue, Mill End, Rickmansworth, Hertfordshire WD3 8PZ2
£370K10/201.4 mi99, Church Lane, Mill End, Rickmansworth, Hertfordshire WD3 8PU2
£421K06/211.44 mi361, Uxbridge Road, Mill End, Rickmansworth, Hertfordshire WD3 8DT2
£410K04/211.47 mi61, Church Lane, Mill End, Rickmansworth, Hertfordshire WD3 8PT2
£402.5K04/231.48 mi61, Clarkfield, Mill End, Rickmansworth, Hertfordshire WD3 8FL2
£450K06/211.48 mi74, Clarkfield, Mill End, Rickmansworth, Hertfordshire WD3 8FL2
£540K07/231.48 mi74, Clarkfield, Mill End, Rickmansworth, Hertfordshire WD3 8FL2
£370K06/231.48 mi54, Clarkfield, Mill End, Rickmansworth, Hertfordshire WD3 8FL2
£454K03/231.49 mi1, Hornhill Road, Maple Cross, Rickmansworth, Hertfordshire WD3 9TE2
£525K06/211.5 mi6, Berry Lane, Rickmansworth, Hertfordshire WD3 7HQ2
£415K10/231.52 mi24, Church Lane, Mill End, Rickmansworth, Hertfordshire WD3 8HD2
£391K06/211.56 mi49, Ladywalk, Maple Cross, Rickmansworth, Hertfordshire WD3 9YZ2
£368K06/211.56 mi53, Ladywalk, Maple Cross, Rickmansworth, Hertfordshire WD3 9YZ2
£417K09/211.59 mi5, Longcroft Road, Maple Cross, Rickmansworth, Hertfordshire WD3 9TJ2
£425K10/231.63 mi114, Denham Way, Maple Cross, Rickmansworth, Hertfordshire WD3 9SP2
£470K06/211.63 mi52, Denham Way, Maple Cross, Rickmansworth, Hertfordshire WD3 9SP2
£400K11/201.63 mi50, Denham Way, Maple Cross, Rickmansworth, Hertfordshire WD3 9SP2
£410K11/201.63 mi110, Denham Way, Maple Cross, Rickmansworth, Hertfordshire WD3 9SP2
£365K02/211.65 mi195, Uxbridge Road, Mill End, Rickmansworth, Hertfordshire WD3 8DP2
£436.5K11/201.66 mi185, Uxbridge Road, Mill End, Rickmansworth, Hertfordshire WD3 8DP2
£488K12/201.72 mi5, Roberts Lane, Chalfont St Peter, Gerrards Cross, Buckinghamshire SL9 0QR2
£655K06/231.74 mi7, Roberts Lane, Chalfont St Peter, Gerrards Cross, Buckinghamshire SL9 0QR2
£515K02/211.81 mi27, Kings Close, Chalfont St. Giles, Buckinghamshire HP8 4HW2
£767K09/221.83 miShutters, Vache Lane, Chalfont St Giles, Buckinghamshire HP8 4SB2

Local Rents

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

RentDateDistanceAddressBeds 
£2,35010/240.28 miQuickley Lane Chorleywood WD33
£2,40010/240.28 miQuickley Lane, Chorleywood3
£2,35002/240.48 mi-3
£2,40001/240.49 mi-3
£1,70010/240.68 miAllbrook House, Chorleywood2
£67610/230.72 mi-1
£1,65010/240.76 miCharlewoode House, Common Road, Chorleywood, WD3 5LN2
£1,75010/240.78 miBlacketts Wood Drive, Chorleywood3
£1,20003/250.8 mi-1
£1,49510/240.91 miGreen Street, Chorleywood2
£1,65010/230.96 mi-2
£2,45012/231.02 mi-4
£2,40009/241.05 mi-3
£3,00010/231.05 mi-4
£3,10012/231.05 mi-4
£2,75003/251.08 mi-4
£4,05003/251.09 mi-5
£1,10010/241.12 miThompson Way, Rickmansworth, Hertfordshire, WD3 8GP1
£1,25010/241.12 miThompson Way, Rickmansworth, Hertfordshire, WD31
£1,55010/241.12 miThellusson Way, Penn Heights, Rickmansworth2
£1,40010/241.18 miWilliamson Way Rickmansworth WD32
£2,75010/241.2 miCoombe Hill Road, WD34
£2,95010/241.2 mi-4
£1,52510/241.28 miThe Greenway, Rickmansworth2
£1,55003/251.31 mi-2
£1,19510/241.33 miChurch Lane, Rickmansworth1
£1,30001/241.33 mi-1
£1,50010/241.35 miUxbridge Road, Mill End, Rickmansworth, Hertfordshire, WD3 8EA2
£1,50010/241.37 miThe Willows, Rickmansworth, WD32
£1,35003/251.37 mi-2
£2,95012/241.41 mi-4
£5,00010/241.41 miValley Road4
£3,25012/241.42 mi-3
£1,50010/241.45 mi-2
£1,55001/251.45 mi-2
£3,25012/241.46 mi-3
£1,60003/251.49 mi-2
£2,75010/241.49 miPheasants Way, Rickmansworth, Hertfordshire, WD34
£1,10010/241.52 miClarkfield, Mill End, Rickmansworth WD31
£1,75010/241.55 miUxbridge Road, Rickmansworth2
£1,45002/251.55 mi-2
£1,79510/241.55 miHornhill Road, Maple Cross2
£4,60001/251.57 mi-6
£4,25011/231.57 mi-5
£1,55003/251.57 mi-2
£1,40010/241.57 miThe Clump Rickmansworth WD31
£4,15010/241.57 miRickmansworth, Hertfordshire5
£4,15010/241.57 miThe Clump, Chorleywood5
£4,00010/241.58 mi-6
£4,00010/241.58 mi-6
£1,75012/241.59 mi-2

Local Area Statistics

Population in WD3

40,831

Population in Rickmansworth

40,832

Town centre distance

2.02 miles away

Nearest school

0.20 miles away

Nearest train station

0.74 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £500,000

January 2, 2025

Sold for £132,000

1997

Floor Plans

Description

  • Stunning brick and flint cottage +
  • Potential to extend +
  • No onward chain +
  • Parking for two to three cars +
  • Sought after location +
  • EPC Rating = E +

A charming 19th century cottage in sought after Heronsgate.

Description

Believed to date from circa 1830, originally as a gardeners' cottage for a neighbouring house, Flint Cottage is a delightful brick and flint property which oozes period charm and character. The property is being offered for the first time since the mid-late 1990s and with no onward chain. In recent years, various modernisation works have taken place and the property now offers bright and light living space, a pretty walled cottage garden and has approved planning permission for a single storey extension (reference number 23/0685/FUL).

The accommodation briefly comprises an open plan living / dining room, kitchen, bathroom and two double bedrooms.

Outside, there is a detached carport, pretty walled garden and off street parking for two to three vehicles.

Location

Flint Cottage is a charming property and must be seen to be appreciated. Chorleywood has a vibrant village centre with shops, cafes and restaurants and is approximately one mile away. The station offers both the Metropolitan Line to Baker Street and the city plus the Chiltern turbo to Marylebone. There is an excellent choice of schooling within the area, both state and private. Chorleywood Common offers picturesque walks, bridle paths and a public nine-hole golf course together with other leisure pursuits close by.

Square Footage: 611 sq ft

Directions

From Chorleywood station, continue along Station Approach and bear left under the railway bridge, before proceeding up Shire Lane. The road then becomes Heronsgate Road, and then Long Lane - continue and you will find the property on your left hand side just before the turning for Little Hill.

Agent Details

Savills, Rickmansworth

01923 961668

Next Steps?

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

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