3 Bed Semi-Detached House, Refurb/BRRR, Potters Bar, EN6 2RX, £650,000

21 Hill Rise, Potters Bar, EN6 2RX - 2 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£350K - £850K
Sold Prices/m²£4.3K/m² - £9.9K/m²

 

 

Square Metres

~93 m²
Price/m²£7K/m²

Value Estimate

£476,341

 

 

End Value (After Refurb)

£505,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£40,700

Refurb Costs

£49,200

Bridging Loan Interest

£17,063

Total Cash In

£271,213

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£505,000

Mortgage (After Refinance)

£378,750

Mortgage LTV

75%

Cash Left In

£271,213

Equity

£126,250

Rent Range

£1,700 - £3,200

Rent Estimate

£2,223

Running Costs/mo

£2,043

Cashflow/mo

£180

Cashflow/yr

£2,163

ROI

1%

Gross Yield

4%

Local Sold Prices

50 sold prices from £350K to £850K, average is £477.5K. £4.3K/m² to £9.9K/m², average is £5.7K/m².

PriceDateDistanceAddressBeds 
£675K02/230.03 mi54, Hill Rise, Potters Bar, Hertfordshire EN6 2RR3
£465K08/210.07 mi19, Powis Court, Potters Bar, Hertfordshire EN6 2SA3
£450K06/210.08 mi12, St Francis Close, Potters Bar, Hertfordshire EN6 2RH3
£480K10/220.08 mi3, Powis Court, Potters Bar, Hertfordshire EN6 2SA3
£445K07/230.08 mi22, Powis Court, Potters Bar, Hertfordshire EN6 2SA3
£590K06/230.09 mi16, Hill Crest, Potters Bar, Hertfordshire EN6 2RT3
£470K06/210.09 mi6, Hill Crest, Potters Bar, Hertfordshire EN6 2RT3
£485K01/230.1 mi15, St Vincents Way, Potters Bar, Hertfordshire EN6 2RG3
£550K05/230.19 mi44, Southgate Road, Potters Bar, Hertfordshire EN6 5DZ3
£435K05/210.2 mi29, Whaley Road, Potters Bar, Hertfordshire EN6 2RA3
£465K11/200.2 mi6, Dove Lane, Potters Bar, Hertfordshire EN6 2SG3
£431.5K06/220.21 mi81, Barnet Road, Potters Bar, Hertfordshire EN6 2RE3
£435K02/210.25 mi167, Ashwood Road, Potters Bar, Hertfordshire EN6 2QE3
£435K02/210.26 mi167, Ashwood Road, Potters Bar, Hertfordshire EN6 2QE3
£350K06/210.26 mi158, Ashwood Road, Potters Bar, Hertfordshire EN6 2QE3
£425K12/200.3 mi120, Ashwood Road, Potters Bar, Hertfordshire EN6 2PN3
£361K06/210.3 mi64, Ashwood Road, Potters Bar, Hertfordshire EN6 2QJ3
£450K02/210.3 mi18, Highview Gardens, Potters Bar, Hertfordshire EN6 5PE3
£505K01/230.34 mi2, Kemble Close, Potters Bar, Hertfordshire EN6 5EG3
£485K10/220.37 mi33, Beechwood Avenue, Potters Bar, Hertfordshire EN6 2PJ3
£500K06/210.37 mi53, Highview Gardens, Potters Bar, Hertfordshire EN6 5PN3
£475K06/210.38 mi87, Tempest Avenue, Potters Bar, Hertfordshire EN6 5LA3
£850K01/210.38 mi135, Park Avenue, Potters Bar, Hertfordshire EN6 5EW3
£502.5K11/200.38 mi71, Park Avenue, Potters Bar, Hertfordshire EN6 5EW3
£480K03/210.38 mi125, Park Avenue, Potters Bar, Hertfordshire EN6 5EW3
£665K04/210.38 mi122, Park Avenue, Potters Bar, Hertfordshire EN6 5EL3
£473K10/220.43 mi34, Mutton Lane, Potters Bar, Hertfordshire EN6 2NZ3
£625K03/230.44 mi92, Tempest Avenue, Potters Bar, Hertfordshire EN6 5JZ3
£475K06/210.44 mi22, Mandeville Road, Potters Bar, Hertfordshire EN6 5LQ3
£475K03/210.45 mi24, Mandeville Road, Potters Bar, Hertfordshire EN6 5LQ3
£580K02/230.47 mi6, Salisbury Close, Potters Bar, Hertfordshire EN6 5AX3
£670K06/230.47 mi12, Salisbury Close, Potters Bar, Hertfordshire EN6 5AX3
£590K11/200.47 mi12, Meadow Way, Potters Bar, Hertfordshire EN6 2NJ3
£515K03/210.47 mi14, Meadow Way, Potters Bar, Hertfordshire EN6 2NJ3
£475K05/210.47 mi45, Tempest Avenue, Potters Bar, Hertfordshire EN6 5JY3
£650K04/230.47 mi82, Tempest Avenue, Potters Bar, Hertfordshire EN6 5JY3
£675K09/210.48 mi177, Sunnybank Road, Potters Bar, Hertfordshire EN6 2NH3
£470K06/210.49 mi65, Mutton Lane, Potters Bar, Hertfordshire EN6 2NX3
£535K02/230.49 mi24, The Greenway, Potters Bar, Hertfordshire EN6 2ND3
£515K08/230.5 mi12, Otways Close, Potters Bar, Hertfordshire EN6 1TE3
£460K03/210.53 mi68, Forbes Avenue, Potters Bar, Hertfordshire EN6 5NG3
£425K11/200.53 mi30, Coningsby Drive, Potters Bar, Hertfordshire EN6 5QD3
£420K03/210.54 mi18, Abingdon Place, Potters Bar, Hertfordshire EN6 1TF3
£470K12/200.55 mi19, Albemarle Avenue, Potters Bar, Hertfordshire EN6 1TB3
£515K07/230.55 mi35, Albemarle Avenue, Potters Bar, Hertfordshire EN6 1TB3
£515K04/230.55 mi28, Albemarle Avenue, Potters Bar, Hertfordshire EN6 1TB3
£425K12/200.55 mi28, Albemarle Avenue, Potters Bar, Hertfordshire EN6 1TB3
£453K11/200.55 mi10, Albemarle Avenue, Potters Bar, Hertfordshire EN6 1TD3
£590K02/210.56 mi2, Tempest Avenue, Potters Bar, Hertfordshire EN6 5JX3
£610K11/220.56 mi27, Tempest Avenue, Potters Bar, Hertfordshire EN6 5JU3

Local Rents

26 rents from £1.7K/mo to £3.2K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£1,95004/240.12 miPowis Court, Potters Bar, EN63
£1,95012/240.12 mi-3
£2,20004/240.24 miOakmere Avenue, Potters Bar, EN63
£2,20004/240.38 miPark Avenue, Potters Bar, Hertfordshire, EN63
£1,95012/240.46 mi-3
£1,95004/240.49 miMutton Lane, Potters Bar, Hertfordshire, EN63
£2,30004/240.54 miMutton Lane, Potters Bar, EN63
£2,00004/240.56 miAlbemarle Avenue, Potters Bar3
£2,60012/240.67 mi-3
£1,70004/250.71 mi-3
£3,20003/240.72 miBentley Place, Bentley Heath, Barnet, Hertfordshire, EN53
£1,80012/240.76 miHatfield Road, Potters Bar, Herts3
£1,80004/240.78 miHatfield Road, Potters Bar, Hertfordshire, EN63
£2,75012/240.84 miTorrington Drive, Potters Bar3
£2,30001/250.85 mi-3
£2,39503/250.94 mi-3
£2,40002/250.94 mi-3
£2,00012/241 mi-3
£1,95004/241.06 miLaurel Avenue, Potters Bar, Hertfordshire, EN63
£2,75004/241.07 miWaggon Road, Hadley Wood, Barnet EN43
£2,20004/241.08 miMutton Lane, Potters Bar, EN63
£1,97504/241.14 miFrampton Road, Potters Bar3
£2,00003/241.18 miClive Close, Potters Bar, EN63
£2,05002/241.21 mi-3
£2,25004/251.21 mi-3
£2,25012/241.23 mi-3

Local Area Statistics

Population in EN6

29,067

Population in Potters Bar

29,075

Town centre distance

0.74 miles away

Nearest school

0.10 miles away

Nearest train station

1 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+16%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £650,000

January 2, 2025

Floor Plans

Description

  • LARGER THAN AVERAGE THREE BEDROOM SEMI-DETACHED HOUSE +
  • SITUATED BACKING SOUTH ALONG FIELDS +
  • FEATURES FULL WIDTH EXTENSION TO REAR +
  • DOWNSTAIRS CLOAKROOM +
  • LARGE DINING ROOM +
  • SEPARATE LOUNGE +
  • KITCHEN / BREAKFAST ROOM +
  • GAS CENTRAL HEATING AND DOUBLE GLAZING +
  • CHAIN FREE +
  • TENURE - FREEHOLD. COUNCIL TAX BAND F - HERTSMERE COUNCIL +

Situated backing south along to fields this larger than average three bedroom semi-detached house features full width extension to rear. Downstairs cloakroom. Large dining room. Separate lounge. Kitchen / breakfast room. Gas central heating and double glazing. Does require modernisation. Benefits having an 111' x 30'6 southerly aspect rear garden. Property is offered chain free.

Open recessed entrance porch. Part frosted glazed front door opens into

Entrance Hall - 3.43m x 1.60m (11'3 x 5'3) - Wood flooring. Double radiator. Frosted double glazed window to front. Under stairs storage cupboard with gas and electricity meters and light.

Downstairs Cloakroom - White low flush suite with wall mounted wash hand basin. Double glazed window to side. Tiled splashback.

Lounge - 4.27m x 3.66m (14' x 12') - Feature open fireplace. Single radiator. Leaded light double glazed window to front. Wall light points.

Dining Room - 7.24m x 3.66m (23'9 x 12') - Narrowing to 11'3. TV aerial point. Fitted gas fire. Bi-fold doors to lounge. Double radiator. Double glazed patio doors to rear.

Kitchen / Breakfast Room - 6.96m x 2.54m (22'10 x 8'4) - Narrowing to 8'2.

Kitchen area
Range of wall and base units with granite effect working surfaces. Splashback tiling. One and a half bowl stainless steel sink. Mixer tap. Fitted Bosch electric double oven and Bosch ceramic electric hob with concealed extractor hood above. Space for fridge / freezer. Space for washing machine and space for refrigerator. Wall mounted Worcester gas central heating boiler. Double glazed window to side.

Breakfast area
Laminate wood effect flooring. Two single radiators. TV aerial point. Double glazed window and casement door to rear.

First Floor Landing - Approached via a turn flight of stair case from hallway. Frosted double glazed window to side. Access to loft.

Bedroom One - 4.27m x 3.66m (14' x 12') - Width measurement taken into back of fitted wardrobes being two double width. Single radiator. Leaded light double glazed window to front. Pedestal wash hand basin.

Bedroom Two - 3.66m x 3.66m (12' x 12') - Width measurement taken into back of fitted wardrobes being two double width. Further double width wardrobe as well as chest of drawers. Single radiator. Double glazed window to rear with open views.

Bedroom Three - 3.66m x 2.54m (12' x 8'4) - Single radiator. Double glazed window to rear. Built in cupboard housing water tank.

Shower Room - 2.54m x 1.65m (8'4 x 5'5) - Modern white suite comprising large shower basin. Walk in shower and glass screen. Top flush W.C. Pedestal wash basin. Wood effect floor covering. Tiled walls. Chrome heated towel rail. Frosted leading light double glazed window to front.

N.B. should be noted that property features 8'9 ceilings on ground floor and 8ft ceilings on first floor.

Exterior Rear - 33.83m x 9.30m (111' x 30'6) - Backing South. Starting from rear of property with paved patio. Metal railings. Remainder of garden is predominantly lawned with paved path winding through lawn with various shrubs and trees. To rear of garden is aluminium framed greenhouse. Backing directly onto open fields. Concrete shed base.

Brick Built Garage - 5.92m x 2.36m (19'5 x 7'9) - Up and over door to front. Window to rear. Casement door to side, Power and lighting.

Exterior Side - Concrete independent driveway leading from front of garage door to double width timber gates.

Exterior Front - Partly block paved for parking. Lawn with several shrubs retained by low brick wall.

Tenure - Freehold. Council tax band F - Hertsmere Council.

Property Information
We believe this information to be accurate, but it cannot be guaranteed. If there is any point which is of particular importance we will attempt to assist or you should obtain professional confirmation. All measurements quoted are approximate. The fixtures, fittings, appliances and mains services have not been tested. These Particulars do not constitute a contract or part of a contract.

Agent Details

Duncan Perry Estate Agents, Potters Bar

01707 241893

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