4 Bed Detached House, Refurb/BRRR, Watford, WD18 0QB, £550,000

Marlborough Road, Watford, WD18 0QB - 2 views - a month ago

Sold STC
Refurb/BRRR
~129 m²
+8 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Refurb Costs

£68,400

Bridging Loan Interest

£14,438

Total Cash In

£254,788

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£629,060

Mortgage (After Refinance)

£471,795

Mortgage LTV

75%

Cash Released

£59,295

Cash Left In

£195,492

Equity

£157,265

Rent Range

£1,650 - £3,500

Rent Estimate

£2,115

Running Costs/mo

£2,409

Cashflow/mo

£-294

Cashflow/yr

£-3,526

Gross Yield

5%













Local Rents

25 rents from £1.6K/mo to £3.5K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£2,40003/250.15 mi-3
£1,95003/250.16 mi-3
£2,35010/240.17 miWatford, Hertfordshire, WD183
£2,25012/240.17 mi-4
£2,90002/240.29 mi-4
£2,65002/250.33 mi-3
£2,35010/240.35 miWestbury Road3
£2,30003/250.35 mi-3
£1,90003/250.36 mi-3
£2,15002/250.37 mi-3
£1,90010/240.38 miClose To Watford Hospital & Town Centre3
£2,25010/240.39 miWiggenhall Road, Watford, Hertfordshire, WD184
£1,89910/240.4 mi-3
£1,80003/250.43 mi-3
£2,10001/250.46 mi-4
£2,40003/250.47 mi-3
£2,05010/240.51 mi-3
£1,95002/250.51 mi-3
£1,65010/240.53 mi-3
£1,85010/240.55 mi-3
£1,95010/240.55 miMildred Avenue3
£1,70010/240.56 mi-3
£1,70010/240.56 miHagden Lane, Watford, WD183
£1,90003/250.58 mi-3
£3,50003/250.61 mi-4

Local Area Statistics

Population in WD18

24,323

Population in Watford

117,094

Town centre distance

0.44 miles away

Nearest school

0.20 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £550,000

February 7, 2025

Floor Plans

Description

  • Detached House +
  • Four Bedrooms +
  • Central Location +
  • Renovation Potential +
  • Period Features +
  • Private Rear Garden +
  • Chain Free +

This substantial four-bedroom detached property is situated in a highly sought-after central location and offers a unique opportunity for renovation and restoration. Spanning three floors and approximately 1475 sq. ft., the home is full of character and retains many period features, making it an ideal project for buyers looking to create a bespoke family residence. The ground floor comprises a bright and spacious living room with a bay window, a separate dining room, a breakfast room, and a kitchen, along with the added convenience of a ground-floor WC. The first floor features three generously sized bedrooms and a family bathroom, providing ample accommodation for a growing family. The second floor houses a further large bedroom, offering flexibility as a master suite or additional living space. To the rear, the property boasts a private garden, offering the potential to create a delightful outdoor space. With its well-proportioned rooms and versatile layout, this house provides endless opportunities to reimagine the space and unlock its full potential. Positioned in a prime location close to excellent amenities, transport links, and schools, this property is perfect for those looking to invest in a period home with significant scope for improvement. This is a rare opportunity not to be missed. SOLD WITH NO UPPER CHAIN.

EPC Rating: D

Agent Details

Proffitt & Holt Partnership, Watford

01923 961129

Next Steps?

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

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