2 Bed Flat, Refurb/BRRR, Watford, WD25 7LY, £235,000

Foxlands Close, Leavesden, Watford, Hertfordshire, WD25 7LY - 2 months ago

Sold STC

Leasehold

Refurb/BRRR

ROI: 1%

~68 m²

+6 photos

ValuationFair Value

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Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£58,750£58,750
Stamp Duty & Legal Fees	£12,950£12,950
Refurb Costs	£33,689£33,689
Bridging Loan Interest	£6,169£6,169
Total Cash In	£113,308£113,308

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£385,639£385,639
Agent Fees (1%)	£3,856£3,856
Bridging Loan	£176,250£176,250
Bridging Loan Interest	£6,169£6,169
Flip Profit	£92,224£92,224

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Local Rents

30 rents from £1.3K/mo to £3.2K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,750	10/24	0.13 mi	Ross Crescent, WATFORD	2	Flat
£1,750	10/24	0.13 mi	Ross Crescent, WATFORD	2	Flat
£1,500	02/25	0.17 mi	-	2	Terraced House
£1,750	02/24	0.19 mi	-	2	Flat
£1,500	02/24	0.24 mi	-	2	Flat
£1,495	02/24	0.24 mi	-	2	Flat
£1,495	10/24	0.24 mi	-	2	Flat
£2,000	10/24	0.25 mi	-	2	Terraced House
£1,795	02/24	0.25 mi	-	2	Semi-Detached House
£1,450	02/24	0.36 mi	-	2	Flat
£1,700	02/24	0.37 mi	-	2	Flat
£1,700	10/24	0.37 mi	-	2	Flat
£3,200	02/25	0.37 mi	-	2	Flat
£1,750	02/24	0.41 mi	-	2	Flat
£1,695	02/24	0.41 mi	-	2	Flat
£1,695	07/24	0.41 mi	-	2	Flat
£1,325	10/24	0.42 mi	Sheepcot Lane, Watford	2	Flat
£1,500	10/24	0.43 mi	-	2	Flat
£1,450	02/24	0.45 mi	-	2	Flat
£1,400	10/24	0.47 mi	St. Albans Road, Watford, Hertfordshire, WD25	2	Flat
£1,490	02/24	0.5 mi	-	2	Flat
£1,800	10/24	0.51 mi	Valley Rise, Watford	2	Flat
£1,750	10/24	0.55 mi	North Western Avenue, WATFORD	2	Flat
£2,750	02/25	0.56 mi	-	2	Terraced House
£1,600	10/24	0.56 mi	-	2	Flat
£1,600	10/24	0.57 mi	-	2	Flat
£1,700	02/24	0.57 mi	-	2	Flat
£1,400	02/25	0.57 mi	-	2	Flat
£1,600	10/24	0.58 mi	-	2	Flat
£1,550	10/24	0.6 mi	Courtlands Drive, Watford	2	Flat

Local Area Statistics

Population in WD25	27,70827,708
Population in Watford	117,094117,094
Town centre distance	1.95 miles away1.95 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.98 miles away0.98 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+12%+12%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+23%+23%

Property History

Price changed to £235,000

February 20, 2025

Listed for £250,000

January 14, 2025

Floor Plans

Description

MODERN PURPOSE-BUILT TOP-FLOOR APARTMENT WITH TWO BEDROOMS +
IN NEED OF UPDATING – GREAT OPPORTUNITY TO PERSONALIZE +
BRIGHT DUAL-ASPECT LOUNGE AND ALLOCATED PARKING +
SITUATED IN A QUIET CUL-DE-SAC OFF HIGH ROAD, LEAVESDEN +
CLOSE TO LOCAL AMENITIES AND EXCELLENT TRANSPORT LINKS +
VENDORS HAVE SECURED AN ONWARD CHAIN-FREE PURCHASE +

This modern, purpose-built, top-floor apartment features two bedrooms and is situated in the desirable Foxlands Close, Leavesden. While the property offers great potential and is in need of updating, it provides an excellent opportunity for buyers to personalize it to their taste. Highlights include a bright dual-aspect lounge, allocated parking, and a peaceful cul-de-sac location. Conveniently positioned just off High Road, Leavesden, it is within close proximity to local amenities. The vendors have already secured an onward chain-free purchase, making this a fantastic option for first-time buyers or investors!