2 Bed Terraced House, Refurb/BRRR, Harpenden, AL5 3BH, £425,000

Harpenden Rise, Harpenden, AL5 3BH - 2 views - 3 months ago

Sold STC
Refurb/BRRR
~68 m²
+8 photos

ValuationFair Value

Sold Prices£350K - £1.1M
Sold Prices/m²£5.5K/m² - £16K/m²

 

 

Square Metres

~68.11 m²
Price/m²£6.2K/m²

Value Estimate

£429,250

 

 

End Value (After Refurb)

£486,331

Uplift in Value

+14%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Refurb Costs

£33,167

Bridging Loan Interest

£11,156

Total Cash In

£175,023

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£486,331

Mortgage (After Refinance)

£364,748

Mortgage LTV

75%

Cash Released

£45,998

Cash Left In

£129,025

Equity

£121,583

Rent Range

£1,100 - £2,350

Rent Estimate

£1,540

Running Costs/mo

£1,848

Cashflow/mo

£-308

Cashflow/yr

£-3,696

Gross Yield

4%

Local Sold Prices

30 sold prices from £350K to £1.1M, average is £462.5K. £5.5K/m² to £16K/m², average is £7.3K/m².

PriceDateDistanceAddressBeds 
£415.5K06/210.02 mi151, Luton Road, Harpenden, Hertfordshire AL5 3BN2
£515K10/230.02 mi147, Luton Road, Harpenden, Hertfordshire AL5 3BN2
£380K02/210.03 mi113, Luton Road, Harpenden, Hertfordshire AL5 3BB2
£410K06/210.03 mi129, Luton Road, Harpenden, Hertfordshire AL5 3BB2
£415K12/200.03 mi119, Luton Road, Harpenden, Hertfordshire AL5 3BB2
£550K02/230.09 mi27, Park Mount, Harpenden, Hertfordshire AL5 3AS2
£550K04/230.1 mi77a, Luton Road, Harpenden, Hertfordshire AL5 3BA2
£735K11/230.13 mi20, Park Hill, Harpenden, Hertfordshire AL5 3AT2
£750K05/240.13 mi5, Park Hill, Harpenden, Hertfordshire AL5 3AT2
£745K09/210.26 mi22, Moreton End Lane, Harpenden, Hertfordshire AL5 2HD2
£670K06/210.45 mi31, Ridge Avenue, Harpenden, Hertfordshire AL5 3LT2
£390K03/210.55 mi49, Westfield Road, Harpenden, Hertfordshire AL5 4HR2
£490K02/240.57 mi4, Stonemason Close, Harpenden, Hertfordshire AL5 4GB2
£1.1M06/240.58 mi6, Sun Lane, Harpenden, Hertfordshire AL5 4ET2
£750K02/210.64 mi41, Tuffnells Way, Harpenden, Hertfordshire AL5 3HA2
£438K06/210.64 mi37, Masefield Road, Harpenden, Hertfordshire AL5 4JS2
£435K06/210.72 mi16, Moorland Road, Harpenden, Hertfordshire AL5 4LA2
£410K06/210.76 mi101, Westfield Road, Harpenden, Hertfordshire AL5 4JZ2
£560K07/230.81 mi18a, St James Road, Harpenden, Hertfordshire AL5 4PB2
£380K02/230.81 mi2, Westfield Place, Harpenden, Hertfordshire AL5 4LS2
£420K03/210.83 mi145, Westfield Road, Harpenden, Hertfordshire AL5 4LU2
£350K06/210.92 mi23, Coldharbour Lane, Harpenden, Hertfordshire AL5 4NQ2
£475K03/230.92 mi57, Coldharbour Lane, Harpenden, Hertfordshire AL5 4NF2
£442.5K06/230.92 mi77, Coldharbour Lane, Harpenden, Hertfordshire AL5 4NF2
£487.5K09/210.94 mi10, Wroxham Way, Harpenden, Hertfordshire AL5 4PP2
£413.5K02/210.97 mi419, Luton Road, Harpenden, Hertfordshire AL5 3QE2
£410K09/210.97 mi429, Luton Road, Harpenden, Hertfordshire AL5 3QE2
£450K12/230.98 mi431, Luton Road, Harpenden, Hertfordshire AL5 3QE2
£675K04/240.98 mi66, Cowper Road, Harpenden, Hertfordshire AL5 5NG2
£490K05/241 mi6, Riverbanks Close, Harpenden, Hertfordshire AL5 5EJ2

Local Rents

42 rents from £1.1K/mo to £2.4K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,40012/240.08 miRoundwood Lane, Harpenden2
£1,60012/240.09 miHillside Road, Harpenden, AL52
£1,20012/240.13 miHillside Road, Harpenden, AL52
£1,37512/240.32 mi-2
£1,42505/240.32 mi-2
£1,40012/240.32 miHollybush Lane, Harpenden, AL52
£1,40012/240.32 miHollybush Lane, Harpenden, AL52
£1,60007/240.55 mi-2
£1,65012/240.57 mi-2
£1,30012/240.64 mi-2
£1,10012/240.64 mi-2
£1,49502/240.65 mi-2
£1,50012/240.65 miBowers Parade, Harpenden, AL52
£1,20010/240.68 mi-2
£1,40012/240.68 miThe Putterills, Thompsons Close, Harpenden, Hertfordshire, AL52
£1,50012/240.74 mi-2
£1,40012/240.85 miStation Road, Harpenden, AL52
£2,20005/240.85 mi-2
£2,35001/250.92 mi-2
£1,30012/240.94 miColdharbour Lane, Harpenden, AL52
£1,65012/240.94 miPoets Court, Milton Rd, Harpenden, Hertfordshire, AL52
£1,75011/240.94 mi-2
£1,20012/240.95 mi-2
£1,50012/240.95 miMilton Road, Harpenden, Hertfordshire, AL52
£2,20001/251.01 mi-2
£2,20001/251.01 mi-2
£1,25012/241.01 mi-2
£1,70011/241.02 mi-2
£1,65012/241.02 miMillstone Way, Harpenden2
£1,49512/241.03 miBetjeman Close, Cowper Road, Harpenden, Hertfordshire, AL52
£1,65012/241.05 miKeats House, Milton Road, Harpenden, AL52
£1,20002/241.06 mi-2
£1,80002/251.11 mi-2
£1,80002/251.11 mi-2
£1,40012/241.11 miChiltern Court, Milton Road, Harpenden, AL52
£1,60012/241.11 mi-2
£1,62512/241.12 mi-2
£1,62509/241.12 mi-2
£1,60008/241.17 mi-2
£1,38012/241.2 mi-2
£1,75003/251.2 mi-2
£2,00012/241.23 mi-2

Local Area Statistics

Population in AL5

30,462

Town centre distance

0.42 miles away

Nearest school

0.30 miles away

Nearest train station

0.90 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £425,000

January 9, 2025

Floor Plans

Description

  • Highly desirable location +
  • 2 bedrooms +
  • Kitchen +
  • Reception room +
  • Generous garden +
  • Massive potential +
  • Outhouse and external WC's +
  • No Chain +
  • Freehold +
  • Bathroom +

'Viewings from 18th January 2025'

An amazing opportunity for a new homeowner to come and make their mark on a lovely cottage, only a short walk from the heart of Harpenden that is available for the first time in almost 45 years. Requiring total modernisation, the potential here is enormous. Internally, there is a ground floor reception room with a feature chimney breast and a separate kitchen breakfast room. Upstairs there is a generous double bedroom, smaller bedroom with access to the loft which could (STPP) be converted into the main bedroom and an ensuite and a separate family bathroom. Externally, there is a large garden and an outhouse which could be converted, again (STPP) and used as an annex or office space, which has the benefit of two separate WC's attached.

Council Tax Band - D

Local Area
Harpenden is well noted for its excellent choice of schools, sports and social facilities, various clubs and a comprehensive range of restaurants and bars. Harpenden benefits from a main line train service to St. Pancras International. The City, Gatwick Airport and beyond, to Brighton.

Harpenden Rise is a charming setting just under a mile from Harpenden's Victorian tree-lined centre with its pleasant assortment of shops, pubs and restaurants. Harpenden station is only a mile from the front door and provides access to central London in just under 30 minutes. If being close to quality schooling is on the agenda, the renowned Roundwood Park JMI and Secondary schools are within a five minute stroll.

Agent Details

Fresh Estates, Kent

01843 264849

Next Steps?

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