2 Bed Flat, Single Let, Rickmansworth, WD3 1HA, £275,000

Flat 16, Webster Court, Wharf Lane, Rickmansworth, Hertfordshire WD3 1HA - 2 views - 2 months ago

Leasehold
Auction
BTL
ROI: 5%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£150K - £525K
Sold Prices/m²£3.5K/m² - £9.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£335,500
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Total Cash In

£79,450

 

 

Cash Out

 

Rent Range

£1,500 - £2,850

Rent Estimate

£1,500

Running Costs/mo

£1,179

Cashflow/mo

£321

Cashflow/yr

£3,848

ROI

5%

Gross Yield

7%

Local Sold Prices

25 sold prices from £150K to £525K, average is £352K. £3.5K/m² to £9.3K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£380K12/220 miFlat 14, Webster Court, Wharf Lane, Rickmansworth, Hertfordshire WD3 1HA2
£400K02/230.01 miFlat 1, Webster Court, Wharf Lane, Rickmansworth, Hertfordshire WD3 1HA2
£360K03/210.01 miFlat 2, Webster Court, Wharf Lane, Rickmansworth, Hertfordshire WD3 1HA2
£320K06/230.08 miFlat 33, Hutchings Lodge, High Street, Rickmansworth, Hertfordshire WD3 1EY2
£300.1K05/210.08 miFlat 41, Hutchings Lodge, High Street, Rickmansworth, Hertfordshire WD3 1EY2
£305K02/210.08 miFlat 42, Hutchings Lodge, High Street, Rickmansworth, Hertfordshire WD3 1EY2
£415K04/210.1 mi54, Salters Close, Rickmansworth, Hertfordshire WD3 1HH2
£405K01/210.1 mi65, Salters Close, Rickmansworth, Hertfordshire WD3 1HH2
£382.5K06/210.1 mi36, Salters Close, Rickmansworth, Hertfordshire WD3 1HH2
£300K04/230.18 mi4, Norfolk Road, Rickmansworth, Hertfordshire WD3 1QE2
£352K03/210.18 mi38, Skidmore Way, Rickmansworth, Hertfordshire WD3 1TA2
£480K06/210.19 mi3, The Quadrant, Rickmansworth, Hertfordshire WD3 1GL2
£340K06/210.2 mi81, Church Street, Rickmansworth, Hertfordshire WD3 1JF2
£250K11/200.2 mi34, The Quadrant, Rickmansworth, Hertfordshire WD3 1GL2
£311K11/230.2 mi38, The Quadrant, Rickmansworth, Hertfordshire WD3 1GL2
£350K05/210.3 mi27, Bury Meadows, Rickmansworth, Hertfordshire WD3 1DR2
£386.5K11/220.3 mi39, Bury Meadows, Rickmansworth, Hertfordshire WD3 1DR2
£325K01/210.3 mi30, Bury Meadows, Rickmansworth, Hertfordshire WD3 1DR2
£325K09/230.3 mi22, Bury Meadows, Rickmansworth, Hertfordshire WD3 1DR2
£390K10/200.48 miFlat 4, Chiltern Rise, Rectory Road, Rickmansworth, Hertfordshire WD3 1GD2
£465K06/230.48 mi1, Rectory Road, Rickmansworth, Hertfordshire WD3 1FH2
£400K06/210.5 mi67, Windmill Drive, Croxley Green, Rickmansworth, Hertfordshire WD3 3FB2
£525K02/210.6 mi10a, Nightingale Road, Rickmansworth, Hertfordshire WD3 7DF2
£150K11/220.76 miFlat 1, Magisters Lodge, Watford Road, Croxley Green, Rickmansworth, Hertfordshire WD3 3SZ2
£335K11/200.93 mi46, West Way, Rickmansworth, Hertfordshire WD3 7EN2

Local Rents

29 rents from £1.5K/mo to £2.9K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,70010/240 miWharf Lane, Rickmansworth, WD32
£1,65010/240 mi-2
£1,80010/240.01 miWharf Lane, Webster Court Wharf Lane, WD32
£1,85010/240.03 miWharf Lane, Rickmansworth, WD32
£1,80012/240.07 mi-2
£1,85010/240.07 miHigh Street, Rickmansworth2
£1,70010/240.09 mi-2
£2,25004/250.11 mi-2
£1,99504/250.12 mi-2
£1,90004/250.13 mi-2
£1,75003/250.13 mi-2
£1,65010/240.14 miNorfolk Road, Rickmansworth, Hertfordshire, WD3 1LA2
£1,70010/240.14 miNorfolk Road, Rickmansworth, Hertfordshire, WD32
£1,50010/240.18 miNorfolk Road, Rickmansworth, Hertfordshire, WD32
£1,80010/240.2 miChurch Street, Rickmansworth, Hertfordshire, WD32
£1,75012/240.22 mi-2
£1,90002/250.22 mi-2
£1,90003/250.23 mi-2
£1,85004/250.23 mi-2
£1,65010/240.26 miPenn Place, Northway, Rickmansworth, Hertfordshire, WD3 1QA2
£1,79510/240.29 mi-2
£1,60010/240.29 miPenn Place, Rickmansworth2
£1,50010/240.29 miEbury Road, Rickmansworth2
£1,77510/240.3 mi-2
£1,60004/250.31 mi-2
£1,80010/240.31 miStation Road, Rickmansworth2
£1,65012/240.34 mi-2
£1,50010/240.35 miCarlton House, Rickmansworth2
£2,85002/250.61 mi-2

Local Area Statistics

Population in WD3

40,831

Population in Rickmansworth

40,832

Town centre distance

0.61 miles away

Nearest school

0.10 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £275,000

February 17, 2025

Description

  • Two Bedroom Top Floor Apartment +
  • 3rd Floor +

Online auction 11th - 12th March 2025 Third Floor Two Bedroom Apartment Auction House North West have not inspected the subject property but we have been advised this is a two bedroom apartment residing on the top floor of a purpose built apartment block with four floors in total.

The block offers gated access with a car park to the rear of the building. It is un-confirmed if parking is available. For more information relating to this, please refer to the legal pack.

Located on the 3rd floor, we have been informed that the apartment consists of an entrance hallway, open plan living/kitchen/diner, two bedrooms, an en-suite shower room to the primary bedroom and a main bathroom.

Externally there are communal grounds.

As per the current EPC, the property shows 130 m2.

All appliances/services have not and will not be tested.

Tenure: Leasehold
Title number: HD470226
Length of Lease/Term: 157 years from 29 September 2005
Ground Rent: Please refer to the legal pack
Service Charge: Please refer to the legal pack
Council Tax Band: E
Local Authority: Three Rivers

Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

IMPORTANT INORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.
ANTI-MONEY LAUNDERING REGULATIONS In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects.

Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.

Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
Tenure: Leasehold EPC Rating: D Administration Fee: No fee applicable. Buyer's Premium Fee: 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Agent Details

Auction House, Fulwood

01772 286883

Next Steps?

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