3 Bed Bungalow, Refurb/BRRR, Northwood, HA6 3DE, £1,225,000

The Roughs Northwood, HA6 3DE - 2 months ago

Refurb/BRRR
Planning
~93 m²
+13 photos

ValuationOvervalued

Sold Prices£365K - £1.2M
Sold Prices/m²£4.3K/m² - £9.6K/m²

 

 

Square Metres

~93 m²
Price/m²£13.2K/m²

Value Estimate

£485,741

 

 

End Value (After Refurb)

£1,100,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£306,250

Stamp Duty & Legal Fees

£101,700

Refurb Costs

£49,214

Bridging Loan Interest

£32,156

Total Cash In

£491,070

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£1,100,000

Mortgage (After Refinance)

£825,000

Mortgage LTV

75%

Cash Left In

£491,070

Equity

£275,000

Rent Range

£1,700 - £3,600

Rent Estimate

£2,363

Running Costs/mo

£3,930

Cashflow/mo

£-1,567

Cashflow/yr

£-18,805

Gross Yield

2%

Local Sold Prices

50 sold prices from £365K to £1.2M, average is £445K. £4.3K/m² to £9.6K/m², average is £5.5K/m².

PriceDateDistanceAddressBeds 
£1.2M10/220 mi5, The Roughs, Northwood, Hertfordshire HA6 3DE3
£1.1M07/230.08 mi29, Bishops Avenue, Northwood, Hertfordshire HA6 3DD3
£1.1M11/200.28 mi44, The Fairway, Northwood, Hertfordshire HA6 3DY3
£380K01/210.38 mi272, Hayling Road, Watford, Hertfordshire WD19 7QB3
£388K10/200.42 mi12, Nairn Green, Watford, Hertfordshire WD19 7NW3
£435K12/200.52 mi38, Ashburnham Drive, South Oxhey, Watford, Hertfordshire WD19 7PU3
£375K03/210.55 mi5, Hillsborough Green, Watford, Hertfordshire WD19 7PZ3
£390K04/210.55 mi8, Hillsborough Green, Watford, Hertfordshire WD19 7PZ3
£950K10/200.57 mi38, Sandy Lodge Way, Northwood, Hertfordshire HA6 2AS3
£440K04/230.57 mi37, Brampton Road, Watford, Hertfordshire WD19 7PF3
£595K03/210.58 mi171, Hampermill Lane, Watford, Hertfordshire WD19 4PJ3
£620K02/210.58 mi179, Hampermill Lane, Watford, Hertfordshire WD19 4PJ3
£907.5K06/230.6 mi43, Sandy Lodge Way, Northwood, Hertfordshire HA6 2AR3
£403.5K11/200.63 mi10, Embleton Road, Watford, Hertfordshire WD19 7PN3
£397.5K06/210.63 mi12, Embleton Road, Watford, Hertfordshire WD19 7PN3
£376K11/200.63 mi50, Embleton Road, Watford, Hertfordshire WD19 7PL3
£545K09/210.64 mi9, Morgan Close, Northwood, Greater London HA6 3NE3
£495K02/230.64 mi1, Embleton Road, Watford, Hertfordshire WD19 7PW3
£370K10/230.68 mi3, Arbroath Green, Watford, Hertfordshire WD19 7QT3
£410K09/230.69 mi48, Culverden Road, Watford, Hertfordshire WD19 7RG3
£515K11/230.7 mi2, Holmside Rise, Watford, Hertfordshire WD19 7QX3
£385K06/210.7 mi32, Holmside Rise, Watford, Hertfordshire WD19 7QX3
£405K03/230.7 mi6, Holmside Rise, Watford, Hertfordshire WD19 7QX3
£560K08/230.74 mi9, Woodhouse Eaves, Northwood, Hertfordshire HA6 3NF3
£950K09/230.75 mi11, Rofant Road, Northwood, Greater London HA6 3BD3
£380K04/210.75 mi5, Frinton Close, Watford, Hertfordshire WD19 7QS3
£385K02/210.75 mi43, Blairhead Drive, Watford, Hertfordshire WD19 7RL3
£566K12/210.77 mi14, Woodhouse Eaves, Northwood, Hertfordshire HA6 3NF3
£418K01/240.77 mi7, Blairhead Drive, Watford, Hertfordshire WD19 7RB3
£776K02/210.78 mi4, Rofant Road, Northwood, Greater London HA6 3BE3
£380K11/200.79 mi52, Blairhead Drive, Watford, Hertfordshire WD19 7RA3
£435K04/230.81 mi14, Sidmouth Close, Watford, Hertfordshire WD19 7QN3
£465K05/230.81 mi16, Vivian Close, Watford, Hertfordshire WD19 4PQ3
£685K03/230.85 mi4, Vivian Gardens, Oxhey Hall, Watford, Hertfordshire WD19 4PG3
£590K02/210.85 mi31, Vivian Gardens, Oxhey Hall, Watford, Hertfordshire WD19 4PG3
£450K08/230.85 mi47, Hamilton Road, Watford, Hertfordshire WD19 7BT3
£612K09/210.86 mi5, Foxfield Close, Northwood, Greater London HA6 3NU3
£430K10/200.87 mi14, Trinity Close, Northwood, Greater London HA6 2AF3
£476K01/240.88 mi20, Trinity Close, Northwood, Greater London HA6 2AF3
£445K02/230.88 mi343, Muirfield Road, Watford, Hertfordshire WD19 6JZ3
£390K11/200.88 mi321, Muirfield Road, Watford, Hertfordshire WD19 6JZ3
£395K04/210.88 mi293, Muirfield Road, Watford, Hertfordshire WD19 6JZ3
£445K04/210.88 mi2, Ludlow Mead, Watford, Hertfordshire WD19 7DA3
£575K11/220.89 mi30, Langton Grove, Northwood, Greater London HA6 2PS3
£695K03/210.89 mi6, Dene Road, Northwood, Greater London HA6 2AA3
£370K04/210.89 mi132, Hayling Road, Watford, Hertfordshire WD19 7JR3
£822.5K10/200.89 mi8d, Dene Road, Northwood, Greater London HA6 2AA3
£555K09/230.89 mi10c, Carew Road, Northwood, Greater London HA6 3NL3
£365K08/210.89 mi59, Fulford Grove, Watford, Hertfordshire WD19 7QJ3
£410K01/240.89 mi89, Fulford Grove, Watford, Hertfordshire WD19 7QJ3

Local Rents

37 rents from £1.7K/mo to £3.6K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,05011/240.54 mi-3
£1,80012/240.59 mi-3
£2,25004/240.61 miEastbury Avenue3
£2,50004/240.68 miPenn House, Main Avenue, Moor Park, Middlesex HA6 2HH3
£2,50004/240.68 miMain Avenue3
£3,50005/240.7 mi-3
£2,00004/240.7 mi-3
£2,35002/250.71 mi-3
£2,35004/250.76 mi-3
£2,50002/240.77 mi-3
£2,10010/240.8 mi-3
£2,10011/240.8 mi-3
£1,90001/250.88 mi-3
£1,70004/240.88 miTrinity Close3
£2,20005/240.94 miTormead, 27 Dene Road, Northwood, Middlesex, HA63
£2,20005/240.94 miDene Road3
£2,80011/240.94 mi-3
£1,70004/240.98 miGreen Lane3
£2,25003/251 mi-3
£2,50010/241.05 miOaklands Avenue3
£2,10001/251.08 mi-3
£2,00012/241.08 mi-3
£2,60004/241.11 miThirlmere Gardens, Northwood, Middlesex, HA6 2RU3
£2,50004/241.15 mi-3
£2,65002/251.15 mi-3
£2,30005/241.15 miFalcon Close3
£3,60004/241.16 miNorthwood Way, Northwood, HA6.3
£1,95010/241.18 mi-3
£2,05003/251.18 mi-3
£1,90010/241.19 miChilwell Gardens, WATFORD3
£2,10002/251.23 mi-3
£2,10003/251.23 mi-3
£2,10002/251.23 mi-3
£2,20004/241.24 miHigh Street, Northwood, Middlesex, HA6 1BJ3
£3,50010/241.24 mi-3
£3,15001/251.24 mi-3
£2,95003/251.24 mi-3

Local Area Statistics

Population in HA6

21,901

Town centre distance

0.89 miles away

Nearest school

0.10 miles away

Nearest train station

0.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-11%

Sales demand

Buyer's market

Property History

Listed for £1,225,000

February 6, 2025

Floor Plans

Description

  • LIVING/DINING ROOM +
  • KITCHEN +
  • PRINCIPAL BEDROOM WITH ENSUITE SHOWER ROOM +
  • TWO FURTHER BEDROOMS +
  • BATHROOM +
  • SECLUDED REAR GARDEN +
  • GARAGE +
  • OFF STREET PARKING +

A rare opportunity to acquire this three bedroom, two bathroom detached bungalow, occupying a generous plot in the heart of the Eastbury Farm estate. The accommodation comprises an entrance hall, leading through to a generous reception room, fitted kitchen, a principal bedroom with ensuite shower room, two further bedrooms and a family bathroom. The rear garden extends to approximately 100 ft in length and is mostly laid to lawn with some attractive mature trees. To the front is ample off street parking and access to a garage.

Internally, the property could benefit from some modernisation, plus there is huge potential for further extension. Planning permission granted for demolition of the bungalow and to rebuild a two-story bungalow ref: 23/0511/FUL.

The property is equidistant from both Northwood and Moor Park, with their boutique shops, coffee houses, restaurants and Waitrose Super Market. The Metropolitan Line train stations at both town centres provide a frequent service to Baker Street, The City and beyond. The area is also well served for good quality schools for all ages. Recreational facilities caters for those enjoying a sporting life, with four major golf courses, cricket and football clubs and two fitness centres. 

Tenure:  Freehold
Council:  Three Rivers District Council
Council Tax Band:  F
Energy Efficiency Rating Band:  D

Agent Details

Robsons, Moor Park

01923 961733

Next Steps?

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