3 Bed Detached House, Refurb/BRRR, Watford, WD17 3LB, £925,000

Woodland Drive, Watford, WD17 3LB - 2 views - a month ago

Sold STC
Refurb/BRRR
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£370K - £1.5M
Sold Prices/m²£3.9K/m² - £10.6K/m²

 

 

Square Metres

~93 m²
Price/m²£9.9K/m²

Value Estimate

£505,954

 

 

End Value (After Refurb)

£945,000

Uplift in Value

+-1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£231,250

Stamp Duty & Legal Fees

£65,950

Refurb Costs

£49,214

Bridging Loan Interest

£24,281

Total Cash In

£372,445

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£945,000

Mortgage (After Refinance)

£708,750

Mortgage LTV

75%

Cash Released

£15,000

Cash Left In

£357,445

Equity

£236,250

Rent Range

£1,700 - £2,650

Rent Estimate

£2,082

Running Costs/mo

£3,390

Cashflow/mo

£-1,308

Cashflow/yr

£-15,690

Gross Yield

3%

Local Sold Prices

50 sold prices from £370K to £1.5M, average is £631.5K. £3.9K/m² to £10.6K/m², average is £6.1K/m².

PriceDateDistanceAddressBeds 
£852.5K09/210.09 mi3, The Gardens, Watford, Hertfordshire WD17 3DT3
£790K09/220.09 mi171a, Hempstead Road, Watford, Hertfordshire WD17 3HF3
£912K02/230.12 mi30, Orchard Drive, Watford, Hertfordshire WD17 3DY3
£875K07/230.12 mi145, Woodland Drive, Watford, Hertfordshire WD17 3DA3
£960K06/230.13 mi3, Orchard Drive, Watford, Hertfordshire WD17 3DX3
£1.1M10/220.15 mi103, Hempstead Road, Watford, Hertfordshire WD17 3HE3
£825K09/200.19 mi112, Cassiobury Drive, Watford, Hertfordshire WD17 3AQ3
£597K08/230.19 mi8, Grandfield Avenue, Watford, Hertfordshire WD17 4YR3
£835K04/210.19 mi1, Dellfield Close, Watford, Hertfordshire WD17 4LB3
£866K09/230.24 mi58, The Gardens, Watford, Hertfordshire WD17 3DW3
£600K12/230.24 mi6, Priory Fields, Watford, Hertfordshire WD17 4YP3
£610K01/210.24 mi8, Priory Fields, Watford, Hertfordshire WD17 4YP3
£610K06/230.24 mi9, Priory Fields, Watford, Hertfordshire WD17 4YP3
£1.5M04/230.25 miBurswood, Temple Close, Watford, Hertfordshire WD17 3DR3
£835K01/210.28 mi2a, Berceau Walk, Watford, Hertfordshire WD17 3BL3
£948K07/230.31 mi43, Richmond Drive, Watford, Hertfordshire WD17 3BQ3
£900K04/210.34 mi59, Cassiobury Drive, Watford, Hertfordshire WD17 3AD3
£760K02/210.35 mi9, Trefusis Walk, Watford, Hertfordshire WD17 3BP3
£880K06/230.38 mi35, Devereux Drive, Watford, Hertfordshire WD17 3DD3
£875K10/220.39 mi52, Harford Drive, Watford, Hertfordshire WD17 3DG3
£807.5K03/230.39 mi14, Harford Drive, Watford, Hertfordshire WD17 3DG3
£701.8K01/210.4 mi3, Capelvere Walk, Watford, Hertfordshire WD17 3BJ3
£795K12/200.4 mi92, Langley Way, Watford, Hertfordshire WD17 3EE3
£782.5K02/230.41 mi117, Langley Way, Watford, Hertfordshire WD17 3ED3
£430K07/230.42 mi54, Langley Road, Watford, Hertfordshire WD17 4PN3
£630K08/220.42 mi5, Denmark Street, Watford, Hertfordshire WD17 4YA3
£575K09/230.42 mi25, Denmark Street, Watford, Hertfordshire WD17 4YA3
£515K01/210.43 mi7, Cole Road, Watford, Hertfordshire WD17 4QR3
£472.3K01/240.43 mi1c, Cole Road, Watford, Hertfordshire WD17 4QR3
£370K02/210.43 mi38, Langley Road, Watford, Hertfordshire WD17 4PN3
£533.5K01/210.44 mi30, Denmark Street, Watford, Hertfordshire WD17 4RA3
£400K09/220.47 mi10, Langley Road, Watford, Hertfordshire WD17 4PT3
£620K06/230.47 mi13, Nascot Street, Watford, Hertfordshire WD17 4YB3
£630K05/210.47 mi49, Nascot Street, Watford, Hertfordshire WD17 4YB3
£687.5K12/220.47 mi47, Essex Road, Watford, Hertfordshire WD17 4EL3
£570K10/220.47 mi58, Malden Road, Watford, Hertfordshire WD17 4EW3
£575K06/210.48 mi43, Malden Road, Watford, Hertfordshire WD17 4EN3
£633K01/210.48 mi57, Malden Road, Watford, Hertfordshire WD17 4EN3
£616K02/210.48 mi61, Malden Road, Watford, Hertfordshire WD17 4EN3
£565K11/200.48 mi60, Church Road, Watford, Hertfordshire WD17 4PU3
£433.5K03/210.49 mi2a, Nascot Street, Watford, Hertfordshire WD17 4RB3
£630K08/220.49 mi24, Nascot Street, Watford, Hertfordshire WD17 4RB3
£630K09/230.49 mi30, Nascot Street, Watford, Hertfordshire WD17 4RB3
£500K05/230.49 miAppletree Cottage, Essex Road, Watford, Hertfordshire WD17 4EP3
£960K08/210.5 mi306, Cassiobury Drive, Watford, Hertfordshire WD17 3AW3
£735K07/230.5 mi7, Juniper Grove, Watford, Hertfordshire WD17 4RZ3
£885K03/210.51 mi217, Cassiobury Drive, Watford, Hertfordshire WD17 3AN3
£430K06/220.52 mi9, Park Road, Watford, Hertfordshire WD17 4QP3
£465K06/210.53 mi5, Railway Terrace, Watford, Hertfordshire WD24 5FH3
£380K02/210.53 mi39, Parker Street, Watford, Hertfordshire WD24 5EY3

Local Rents

13 rents from £1.7K/mo to £2.6K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£2,60011/240.27 mi-3
£2,65012/240.27 mi-3
£2,60010/240.29 mi-3
£1,85002/240.33 mi-3
£2,25010/240.46 mi-3
£1,99011/240.52 mi-3
£2,00011/240.53 mi-3
£2,00011/240.53 mi-3
£1,89002/240.56 mi-3
£1,79002/250.56 mi-3
£1,75010/240.58 miLeavesden Road, Watford3
£1,70003/250.59 mi-3
£2,00010/240.6 miBrighton Road, Watford, WD243

Local Area Statistics

Population in WD17

15,825

Population in Watford

117,094

Town centre distance

0.58 miles away

Nearest school

0.30 miles away

Nearest train station

0.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £925,000

March 1, 2025

Listed for £950,000

February 11, 2025

Floor Plans

Description

  • 3 Bedroom Detached House +

  • Driveway & Side Garage +

  • Cassiobury Location +

  • Chain Free +

  • Potential for Further Extension/Conversion STTP +

  • Study +

  • Summer Room +

  • 0.9 Miles to Watford Junction +

SUMMARY
This three-bedroom detached house on Woodland Drive offers a spacious layout with a lounge, dining room, summer room, study, side garage, and ample storage, all within walking distance of Cassiobury Park, in need of modernisation, and close to Watford Junction and the town centre (0.9 miles).

DESCRIPTION
Nestled in the highly sought-after Cassiobury area, this three-bedroom detached house on Woodland Drive offers a spacious and comfortable layout. Upon entering, you are greeted by a large entrance hall with convenient understairs storage and a ground floor WC. The ground floor features a kitchen, a generous lounge and dining room, and a charming summer room that provides access to a garden. Additionally, there is a study and a side garage, offering further space for work or storage.

Upstairs, the first large bedroom at the front of the house benefits from walk-in eaves storage with a window, offering potential to create a walk-in wardrobe. The second generously sized bedroom at the rear includes walk-in eaves storage with a window and a built-in wardobe, while the third bedroom also offers a built-in cupboard. All three bedrooms and the family bathroom are accessed from the first-floor landing, which also provides loft access.

Outside, the property boasts a private driveway, ensuring ample parking. It is ideally located just 0.4 miles from the stunning Cassiobury Park, with Watford Junction only 0.9 miles away, and Watford town centre less than a mile away. With easy access to major road links such as the M1, M25, and A41, this home is perfect for those seeking both peaceful surroundings and excellent connectivity.

Entrance 10' 8" x 7' 4" ( 3.25m x 2.24m )
Understairs Storage

Wc 5' 10" x 4' 8" ( 1.78m x 1.42m )

Study 15' 5" x 9' 10" ( 4.70m x 3.00m )
Cupboards

Lounge 17' 4" into bay x 12' ( 5.28m into bay x 3.66m )

Dining Room 12' x 9' 11" ( 3.66m x 3.02m )

Kitchen 12' 10" x 10' 3" ( 3.91m x 3.12m )

Summer Room 10' 6" x 9' 9" ( 3.20m x 2.97m )
Access to Garden

Landing 
2 cupboards & loft access

Bedroom 1 13' 7" x 11' 11" ( 4.14m x 3.63m )
Walk-in eaves storage

Bedroom 2 13' 11" x 11' 11" ( 4.24m x 3.63m )
Walk-in eaves storage & Built-in wardrobe

Bedroom 3 10' 4" x 8' 7" ( 3.15m x 2.62m )
Built in Cupboard

Bathroom 9' 2" x 5' 7" ( 2.79m x 1.70m )

Garage 17' 10" x 8' 1" ( 5.44m x 2.46m )

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. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Brown & Merry, Watford

01923 961759

Next Steps?

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