2 Bed Bungalow, Planning Permission, Watford, WD19 4QP, £680,000

Cedar Road, Watford, WD19 4QP - a month ago

Auction
Planning
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£317K - £650K
Sold Prices/m²£3.4K/m² - £9.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£10K/m²

Value Estimate

£425,624

 

 

End Value (After Refurb)

£677,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£170,000

Stamp Duty & Legal Fees

£56,700

Refurb Costs

£36,033

Bridging Loan Interest

£17,850

Total Cash In

£282,333

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£677,500

Mortgage (After Refinance)

£508,125

Mortgage LTV

75%

Cash Left In

£282,333

Equity

£169,375

Rent Range

£1,100 - £3,500

Rent Estimate

£1,775

Running Costs/mo

£2,492

Cashflow/mo

£-717

Cashflow/yr

£-8,606

Gross Yield

3%

Local Sold Prices

50 sold prices from £317K to £650K, average is £410K. £3.4K/m² to £9.4K/m², average is £6.2K/m².

PriceDateDistanceAddressBeds 
£410K06/210.2 mi71, Grover Road, Watford, Hertfordshire WD19 4HH2
£395K08/230.2 mi31, Grover Road, Watford, Hertfordshire WD19 4HH2
£420K05/240.22 mi30, Grover Road, Watford, Hertfordshire WD19 4HJ2
£382K11/210.22 mi32, Grover Road, Watford, Hertfordshire WD19 4HJ2
£387.5K02/210.22 mi4, Grover Road, Watford, Hertfordshire WD19 4HJ2
£420K06/210.24 mi42, Oxhey Avenue, Watford, Hertfordshire WD19 4HG2
£330K01/240.24 mi2, Oxhey Avenue, Watford, Hertfordshire WD19 4HG2
£475K08/230.24 mi61, Pinner Road, Watford, Hertfordshire WD19 4EG2
£441K11/220.25 mi55, Pinner Road, Watford, Hertfordshire WD19 4EG2
£432.5K08/210.25 mi38, Oxhey Avenue, Watford, Hertfordshire WD19 4HG2
£483K09/230.26 mi21, Oxhey Avenue, Watford, Hertfordshire WD19 4HF2
£512.5K07/230.27 mi76, Pinner Road, Watford, Hertfordshire WD19 4ED2
£447K12/220.28 mi106, Pinner Road, Watford, Hertfordshire WD19 4EH2
£460K02/210.29 mi19, Heath Road, Watford, Hertfordshire WD19 4HE2
£377.5K03/210.29 mi106, Pinner Road, Watford, Hertfordshire WD19 4EH2
£350K04/210.3 mi113, Pinner Road, Watford, Hertfordshire WD19 4EJ2
£380K10/230.31 mi24, Capel Road, Watford, Hertfordshire WD19 4AE2
£362K02/240.31 mi12, Capel Road, Watford, Hertfordshire WD19 4AE2
£520K01/210.31 mi30a, Capel Road, Watford, Hertfordshire WD19 4AE2
£377.5K02/210.31 mi3, Capel Road, Watford, Hertfordshire WD19 4FE2
£380K01/240.31 mi29, Capel Road, Watford, Hertfordshire WD19 4FE2
£317K04/210.32 mi17, Aldenham Road, Watford, Hertfordshire WD19 4AB2
£380K11/210.32 mi29, Chalk Hill, Watford, Hertfordshire WD19 4BL2
£408.5K06/210.32 mi73, Villiers Road, Watford, Hertfordshire WD19 4AL2
£570K02/230.32 mi61, Villiers Road, Watford, Hertfordshire WD19 4AL2
£385K10/230.35 mi90, Villiers Road, Watford, Hertfordshire WD19 4AJ2
£520K08/230.37 mi15, Villiers Road, Watford, Hertfordshire WD19 4AG2
£387K10/230.38 mi10, Villiers Road, Watford, Hertfordshire WD19 4AH2
£415K06/210.38 mi22, Avenue Terrace, Watford, Hertfordshire WD19 4FA2
£515K03/230.38 mi28, Villiers Road, Watford, Hertfordshire WD19 4AH2
£450K04/230.39 mi3, Avenue Terrace, Watford, Hertfordshire WD19 4AP2
£427.5K08/210.39 mi33, Avenue Terrace, Watford, Hertfordshire WD19 4AP2
£475K09/230.39 mi12, Muriel Avenue, Watford, Hertfordshire WD18 0BQ2
£380K08/230.39 mi5, Cannon Road, Watford, Hertfordshire WD18 0BB2
£382.5K04/230.39 mi30, Cannon Road, Watford, Hertfordshire WD18 0BB2
£420K11/220.4 mi50, York Road, Watford, Hertfordshire WD18 0BE2
£340K12/200.4 mi45, York Road, Watford, Hertfordshire WD18 0BE2
£343K03/210.4 mi42, York Road, Watford, Hertfordshire WD18 0BE2
£370K01/210.4 mi47, York Road, Watford, Hertfordshire WD18 0BE2
£420K11/220.4 mi29, York Road, Watford, Hertfordshire WD18 0BE2
£390K03/210.4 mi67, Upper Paddock Road, Watford, Hertfordshire WD19 4DY2
£650K11/230.4 mi31, Lower Paddock Road, Oxhey, Watford, Hertfordshire WD19 4DU2
£455K01/230.41 mi11, Lower Paddock Road, Oxhey, Watford, Hertfordshire WD19 4DU2
£410K02/230.41 mi48, Thorpe Crescent, Watford, Hertfordshire WD19 4LD2
£355K12/220.41 mi29, Lower Paddock Road, Oxhey, Watford, Hertfordshire WD19 4DU2
£445K06/210.42 mi54, Upper Paddock Road, Watford, Hertfordshire WD19 4DZ2
£420K06/210.42 mi64, Upper Paddock Road, Watford, Hertfordshire WD19 4DZ2
£472.5K02/240.42 mi2, Brickfield Mews, Watford, Hertfordshire WD19 4GP2
£396K10/200.44 mi18, Elfrida Road, Watford, Hertfordshire WD18 0AT2
£360K06/210.44 mi18, Lammas Road, Watford, Hertfordshire WD18 0BA2

Local Rents

37 rents from £1.1K/mo to £3.5K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,65003/250.09 mi-2
£1,45010/240.09 miKingsfield Road, WATFORD2
£1,60010/240.2 miGrover Road, Watford2
£1,65010/240.22 miGrover Road, Oxhey Village2
£1,70010/240.32 miFlat 6 Brunel Court, 22 Aldenham Road, Watford, Herts, WD192
£1,70010/240.34 miCapel Road, Oxhey Village, WD192
£3,50002/250.34 mi-2
£1,80010/240.35 miOxhey Village, Hertfordshire, WD192
£2,52503/250.35 mi-2
£1,60010/240.39 miEastbury Road, Watford, Hertfordshire, WD192
£1,69511/240.4 mi-2
£1,69511/240.4 mi-2
£1,69511/240.4 mi-2
£1,60002/250.4 mi-2
£1,50010/240.4 miYork Road, WATFORD2
£1,60010/240.4 miEastbury Road, Watford, Hertfordshire, WD192
£1,80003/250.42 mi-2
£1,60010/240.42 miPlantation Close, BUSHEY2
£1,40010/240.42 miThe Larches, Bushey, Hertfordshire, WD232
£1,65001/250.43 mi-2
£1,65010/240.44 mi-2
£1,65012/240.44 mi-2
£1,95010/240.44 mi-2
£1,95003/250.44 mi-2
£1,10011/240.45 mi-2
£1,10011/240.45 mi-2
£1,50010/240.45 miFarthing Close, Watford, Hertfordshire, WD182
£2,69510/240.5 miOxhey Lane, Watford Heath2
£2,00010/240.51 miHaydon Road, Watford, Hertfordshire, WD192
£1,65003/250.54 mi-2
£1,80012/240.55 mi-2
£1,60010/240.55 miHighfield Road, Bushey2
£1,55010/240.56 miHighfield Court, Bushey2
£1,45010/240.56 miWillowfield Court, Highfield Road, Bushey2
£2,25003/250.59 mi-2
£1,75003/250.61 mi-2
£1,65003/250.62 mi-2

Local Area Statistics

Population in WD19

27,274

Population in Watford

117,094

Town centre distance

1.38 miles away

Nearest school

0.10 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £680,000

March 9, 2025

Listed for £760,000

February 6, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +

  • Subject to an undisclosed Reserve Price +

  • Buyers fees apply +

  • POTENTIAL TO EXTEND STPP +

  • WALKING DISTANCE TO STATION +

  • DETACHED BUNGALOW +

  • TWO BEDROOMS +

  • TWO RECEPTION ROOMS +

SUMMARY
POTENTIAL TO EXTEND (STPP) DETACHED BUNGALOW TWO BEDROOMS TWO RECEPTION ROOMS DRIVEWAY GARAGE PRIVATE REAR GARDEN WALKING DISTANCE TO BUSHEY TRAIN STATION MOMENTS AWAY FROM OXHEY PARK

DESCRIPTION
Connells are delighted to bring this detached bungalow to the market located on the popular Cedar Road in Oxhey Hall.
This property is comprised of two reception rooms, kitchen, two double bedrooms and bathroom. The spacious lounge has doors leading to the mature rear garden which has a patio area, ideal for outdoor dining and entertaining.

Externally this property offers ample off-street parking with a driveway at the side and a detached garage. This property also offers potential for extension subject to planning permission. The property has a corner plot, which offers the potential for development subject to planning permission.

Cedar Road is a sought after location close to Watford town centre. Offering so much potential, this property is located within a five minute walk to Bushey Train station with direct trains into London Euston taking 19 minutes, and is also conveniently located to the A41, M25 and M1 motorways. Ideal for families, the property is close to excellent schooling, the popular Oxhey Park, and is also within easy access to Bushey, Northwood and Watford town centre with its vast array of shops, eateries, amenities and entertainment facilities.

For more information or to book a viewing please contact Connells today.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Entrance Hall 
Door to front aspect, radiator, loft access.

Lounge 24' 7" max x 10' 6" ( 7.49m max x 3.20m )
Window to front, rear and side aspect, door to garden, radiator, television point.

Dining Room 12' 2" max x 11' 10" ( 3.71m max x 3.61m )

Kitchen 10' 6" max x 10' 6" max ( 3.20m max x 3.20m max )
Window to rear aspect, wall and base units, electric oven, gas hob, 1 bowl sink and drainer, fridge, freezer, pantry, door to garden.

Bedroom One 12' 2" max x 11' 10" ( 3.71m max x 3.61m )
Window to front aspect, radiator.

Bedroom Two 12' 6" max x 11' 6" ( 3.81m max x 3.51m )
Window to rear aspect, radiator, television point.

Bathroom 
Wet room, water closet, wash hand basin, tiled.

Outside 

Front Garden 
Driveway, laid lawn.

Garage 
Up and over doors, detached garage.

Rear Garden 
Patio, laid lawn, storage sheds.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Bushey

020 3889 9511

Next Steps?

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