2 Bed Flat, Single Let, Rickmansworth, WD3 7HB, £320,000

Mead Place, Berry Lane, Rickmansworth, Hertfordshire, WD3 7HB - 2 months ago

Sold STC
BTL
ROI: 2%
~78 m²
+4 photos

ValuationUndervalued

Sold Prices£147.5K - £525K
Sold Prices/m²£1.8K/m² - £9.3K/m²

 

 

Square Metres

~78 m²
Price/m²£4.1K/m²

Value Estimate

£384,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£80,000

Stamp Duty & Legal Fees

£23,200

Total Cash In

£103,200

 

 

Cash Out

 

Rent Range

£1,400 - £2,850

Rent Estimate

£1,450

Running Costs/mo

£1,310

Cashflow/mo

£140

Cashflow/yr

£1,680

ROI

2%

Gross Yield

5%

Local Sold Prices

43 sold prices from £147.5K to £525K, average is £330K. £1.8K/m² to £9.3K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£335K11/200.09 mi46, West Way, Rickmansworth, Hertfordshire WD3 7EN2
£345K12/220.27 miFlat 5, St. Johns Court, Berry Lane, Rickmansworth, Hertfordshire WD3 7HU2
£328K09/210.28 miFlat 4, St. Johns Court, Berry Lane, Rickmansworth, Hertfordshire WD3 7HU2
£360K04/210.28 miFlat 3, St. Johns Court, Berry Lane, Rickmansworth, Hertfordshire WD3 7HU2
£294K12/220.33 miFlat 10, Vine Tree Court, St Peters Close, Mill End, Rickmansworth, Hertfordshire WD3 8QY2
£328K04/210.33 miFlat 22, Vine Tree Court, St Peters Close, Mill End, Rickmansworth, Hertfordshire WD3 8QY2
£327.5K04/210.34 miFlat 29, Vine Tree Court, St Peters Close, Mill End, Rickmansworth, Hertfordshire WD3 8QY2
£317.5K02/230.34 miFlat 11, Vine Tree Court, St Peters Close, Mill End, Rickmansworth, Hertfordshire WD3 8QY2
£525K02/210.35 mi10a, Nightingale Road, Rickmansworth, Hertfordshire WD3 7DF2
£147.5K03/210.36 mi72a, Church Lane, Mill End, Rickmansworth, Hertfordshire WD3 8HE2
£252.5K11/220.44 mi9, Barn Lea, Mill End, Rickmansworth, Hertfordshire WD3 8QZ2
£275K08/210.45 mi1, Fearney Mead, Mill End, Rickmansworth, Hertfordshire WD3 8QF2
£465K06/230.46 mi1, Rectory Road, Rickmansworth, Hertfordshire WD3 1FH2
£282.5K11/230.46 mi29, Thompson Way, Rickmansworth, Hertfordshire WD3 8GP2
£300K12/220.46 mi16, Thompson Way, Rickmansworth, Hertfordshire WD3 8GP2
£390K10/200.47 miFlat 4, Chiltern Rise, Rectory Road, Rickmansworth, Hertfordshire WD3 1GD2
£320K06/210.5 miFlat 17, Mill Stream Lodge, Uxbridge Road, Rickmansworth, Hertfordshire WD3 8JQ2
£331.5K12/220.57 mi16, Colne Mead, Mill End, Rickmansworth, Hertfordshire WD3 8DX2
£275K07/230.58 mi12, Colne Mead, Mill End, Rickmansworth, Hertfordshire WD3 8DX2
£370K01/230.61 mi260a, Uxbridge Road, Mill End, Rickmansworth, Hertfordshire WD3 8EA2
£330K12/230.67 mi30, The Willows, Mill End, Rickmansworth, Hertfordshire WD3 8YY2
£386.5K11/220.7 mi39, Bury Meadows, Rickmansworth, Hertfordshire WD3 1DR2
£325K01/210.7 mi30, Bury Meadows, Rickmansworth, Hertfordshire WD3 1DR2
£325K09/230.7 mi22, Bury Meadows, Rickmansworth, Hertfordshire WD3 1DR2
£350K05/210.7 mi27, Bury Meadows, Rickmansworth, Hertfordshire WD3 1DR2
£315K02/210.75 miFlat 12, Willow Court, Springwell Lane, Rickmansworth, Greater London WD3 8UZ2
£300K04/230.83 mi4, Norfolk Road, Rickmansworth, Hertfordshire WD3 1QE2
£320K06/230.88 miFlat 33, Hutchings Lodge, High Street, Rickmansworth, Hertfordshire WD3 1EY2
£300.1K05/210.88 miFlat 41, Hutchings Lodge, High Street, Rickmansworth, Hertfordshire WD3 1EY2
£305K02/210.88 miFlat 42, Hutchings Lodge, High Street, Rickmansworth, Hertfordshire WD3 1EY2
£340K06/210.89 mi81, Church Street, Rickmansworth, Hertfordshire WD3 1JF2
£352K03/210.93 mi38, Skidmore Way, Rickmansworth, Hertfordshire WD3 1TA2
£340K04/210.94 miFlat 8, Willow Court, Springwell Lane, Rickmansworth, Greater London WD3 8UZ2
£330K06/230.94 miFlat 6, Willow Court, Springwell Lane, Rickmansworth, Greater London WD3 8UZ2
£360K03/210.94 miFlat 2, Webster Court, Wharf Lane, Rickmansworth, Hertfordshire WD3 1HA2
£380K12/220.94 miFlat 14, Webster Court, Wharf Lane, Rickmansworth, Hertfordshire WD3 1HA2
£400K02/230.95 miFlat 1, Webster Court, Wharf Lane, Rickmansworth, Hertfordshire WD3 1HA2
£480K06/210.96 mi3, The Quadrant, Rickmansworth, Hertfordshire WD3 1GL2
£250K11/200.96 mi34, The Quadrant, Rickmansworth, Hertfordshire WD3 1GL2
£311K11/230.96 mi38, The Quadrant, Rickmansworth, Hertfordshire WD3 1GL2
£415K04/210.98 mi54, Salters Close, Rickmansworth, Hertfordshire WD3 1HH2
£405K01/210.98 mi65, Salters Close, Rickmansworth, Hertfordshire WD3 1HH2
£382.5K06/210.98 mi36, Salters Close, Rickmansworth, Hertfordshire WD3 1HH2

Local Rents

11 rents from £1.4K/mo to £2.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,55003/250.02 mi-2
£1,45002/250.02 mi-2
£1,50011/240.27 mi-2
£1,45003/250.27 mi-2
£1,52510/240.29 miThe Greenway, Rickmansworth2
£1,55003/250.35 mi-2
£2,85002/250.38 mi-2
£1,40010/240.41 miWilliamson Way Rickmansworth WD32
£1,75010/240.43 miUxbridge Road, Rickmansworth2
£1,55010/240.45 miThellusson Way, Penn Heights, Rickmansworth2
£1,50010/240.61 miUxbridge Road, Mill End, Rickmansworth, Hertfordshire, WD3 8EA2

Local Area Statistics

Population in WD3

40,831

Population in Rickmansworth

40,832

Town centre distance

0.49 miles away

Nearest school

0.20 miles away

Nearest train station

0.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £320,000

February 10, 2025

Floor Plans

Description

  • First floor +
  • Residents parking +
  • Cul-de-sac location +
  • Spacious open plan living area +
  • Views over the communal gardens +
  • Two double bedrooms +

Mead Place is a popular, quiet development close to local amenities and excellent local schooling.

The property is situated on the first floor and comprises entrance hallway, fantastic open plan kitchen living space with breakfast bar and views over the communal gardens, two double bedrooms with built in wardrobe to principal bedroom, bathroom, utility cupboard and two further storage cupboards

Mead Place benefits from plenty of residents parking as well as well looked after communal gardens.

Agent Details

Sewell & Gardner, Hertfordshire

01923 961618

Next Steps?

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