3 Bed Terraced House, Refurb/BRRR, Watford, WD18 0QA, £450,000

Percy Road, Watford, WD18 0QA - 3 views - 18 days ago

Refurb/BRRR
ROI: 1%
~93 m²
+11 photos

ValuationOvervalued

Sold Prices£184K - £550K
Sold Prices/m²£1.9K/m² - £7K/m²

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£437,239

 

 

End Value (After Refurb)

£452,606

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£49,214

Bridging Loan Interest

£11,813

Total Cash In

£199,976

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£452,606

Mortgage (After Refinance)

£339,455

Mortgage LTV

75%

Cash Released

£1,955

Cash Left In

£198,021

Equity

£113,152

Rent Range

£1,650 - £2,650

Rent Estimate

£2,033

Running Costs/mo

£1,841

Cashflow/mo

£192

Cashflow/yr

£2,304

ROI

1%

Gross Yield

5%

Local Sold Prices

51 sold prices from £184K to £550K, average is £415K. £1.9K/m² to £7K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£425K08/230.05 mi47, Francis Road, Watford, Hertfordshire WD18 0QE3
£415K01/240.12 mi7, Addiscombe Road, Watford, Hertfordshire WD18 0ND3
£315K06/210.19 mi57, Chester Road, Watford, Hertfordshire WD18 0RG3
£430K04/210.22 mi2, Durban Road East, Watford, Hertfordshire WD18 0RN3
£387K05/230.22 mi6, Durban Road East, Watford, Hertfordshire WD18 0RN3
£500K04/240.25 mi31, St James Road, Watford, Hertfordshire WD18 0DZ3
£495K07/220.28 mi17, Granville Road, Watford, Hertfordshire WD18 0AH3
£349K01/210.3 mi7, Gartlet Road, Watford, Hertfordshire WD17 2PU3
£445K10/200.3 mi25, Westbury Road, Watford, Hertfordshire WD18 0DL3
£320K04/210.31 mi89, Whippendell Road, Watford, Hertfordshire WD18 7NH3
£360K07/230.31 mi159, Whippendell Road, Watford, Hertfordshire WD18 7NH3
£360K07/230.31 mi159, Whippendell Road, Watford, Hertfordshire WD18 7NH3
£400K03/210.32 mi38, Souldern Street, Watford, Hertfordshire WD18 0EU3
£400K03/210.32 mi38, Souldern Street, Watford, Hertfordshire WD18 0EU3
£351K04/210.32 mi7, Souldern Street, Watford, Hertfordshire WD18 0EU3
£375K10/230.32 mi27, Souldern Street, Watford, Hertfordshire WD18 0EU3
£412.5K04/210.35 mi103, St James Road, Watford, Hertfordshire WD18 0DY3
£510K09/230.35 mi59, St James Road, Watford, Hertfordshire WD18 0DY3
£550K12/200.36 mi43, Derby Road, Watford, Hertfordshire WD17 2LZ3
£375K06/210.38 mi20, Banbury Street, Watford, Hertfordshire WD18 0EX3
£437K03/210.38 mi107, Estcourt Road, Watford, Hertfordshire WD17 2PY3
£425K02/210.38 mi105, Estcourt Road, Watford, Hertfordshire WD17 2PY3
£525K03/230.38 mi115, Estcourt Road, Watford, Hertfordshire WD17 2PY3
£370K03/210.38 mi59, Harwoods Road, Watford, Hertfordshire WD18 7RQ3
£515K09/220.38 mi97, Harwoods Road, Watford, Hertfordshire WD18 7RQ3
£184K01/230.39 mi48, Gladstone Road, Watford, Hertfordshire WD17 2RB3
£519.5K04/230.39 mi32, Gladstone Road, Watford, Hertfordshire WD17 2RB3
£487.9K10/230.39 mi56, Estcourt Road, Watford, Hertfordshire WD17 2PZ3
£320K11/200.4 mi33, Harwoods Road, Watford, Hertfordshire WD18 7RB3
£517K09/220.4 mi4, Prince Street, Watford, Hertfordshire WD17 2NY3
£540K09/200.4 mi7, Albert Road North, Watford, Hertfordshire WD17 1QE3
£411K03/240.4 mi4, Albert Road North, Watford, Hertfordshire WD17 1QE3
£415K07/220.4 mi50, Estcourt Road, Watford, Hertfordshire WD17 2PZ3
£395K04/210.4 mi100, Liverpool Road, Watford, Hertfordshire WD18 0DN3
£335K08/230.4 mi114, Liverpool Road, Watford, Hertfordshire WD18 0DN3
£385K03/230.4 mi179, Whippendell Road, Watford, Hertfordshire WD18 7NN3
£365K05/210.41 mi127, Harwoods Road, Watford, Hertfordshire WD18 7RP3
£365K02/210.42 mi130, Queens Road, Watford, Hertfordshire WD17 2NX3
£440K06/230.42 mi7, Sotheron Road, Watford, Hertfordshire WD17 2QB3
£515.5K08/220.42 mi71, Sotheron Road, Watford, Hertfordshire WD17 2QB3
£510K07/220.42 mi3, Roberts Road, Watford, Hertfordshire WD18 0AY3
£349K04/210.43 mi40, Cardiff Road, Watford, Hertfordshire WD18 0DT3
£513.6K10/230.43 mi194, Harwoods Road, Watford, Hertfordshire WD18 7RT3
£435K02/210.44 mi9, Tucker Street, Watford, Hertfordshire WD18 0AU3
£440K07/230.44 mi23, Tucker Street, Watford, Hertfordshire WD18 0AU3
£375K08/230.44 mi35, Shaftesbury Road, Watford, Hertfordshire WD17 2RG3
£435K12/200.45 mi243, Harwoods Road, Watford, Hertfordshire WD18 7RU3
£442.5K02/210.45 mi249, Harwoods Road, Watford, Hertfordshire WD18 7RU3
£415K11/200.46 mi4, Holywell Road, Watford, Hertfordshire WD18 0HU3
£390K12/200.46 mi9, Holywell Road, Watford, Hertfordshire WD18 0HT3
£345K04/210.46 mi53, Holywell Road, Watford, Hertfordshire WD18 0HT3

Local Rents

20 rents from £1.6K/mo to £2.6K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£2,35010/240.13 miWatford, Hertfordshire, WD183
£2,40003/250.16 mi-3
£1,95003/250.17 mi-3
£2,65002/250.29 mi-3
£2,35010/240.3 miWestbury Road3
£1,90010/240.33 miClose To Watford Hospital & Town Centre3
£2,30003/250.38 mi-3
£1,90003/250.38 mi-3
£1,80003/250.39 mi-3
£2,15002/250.4 mi-3
£2,40003/250.43 mi-3
£1,89910/240.44 mi-3
£1,65010/240.49 mi-3
£2,05010/240.49 mi-3
£1,95002/250.49 mi-3
£1,85010/240.52 mi-3
£1,70010/240.52 mi-3
£1,70010/240.52 miHagden Lane, Watford, WD183
£1,95010/240.53 miMildred Avenue3
£1,90003/250.54 mi-3

Local Area Statistics

Population in WD18

24,323

Population in Watford

117,094

Town centre distance

0.48 miles away

Nearest school

0.20 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £450,000

February 27, 2025

Floor Plans

Description

  • NO UPPER CHAIN +

  • MID-TERRACE HOUSE +

  • TWO RECEPTION ROOMS +

  • THREE WELL-PROPORTIONED BEDROOMS +

  • OFF-LANDING SHOWER ROOM +

  • EASILY MAINTAINABLE REAR GARDEN WITH STORAGE +

  • SCOPE FOR MODERNISATION & EXTENSION (STPP) +

  • IDEAL FOR FIRST TIME BUYERS AND INVESTORS +

SUMMARY
NO UPPER CHAIN MID-TERRACE HOUSE TWO RECEPTION ROOMS THREE WELL-PROPORTIONED BEDROOMS OFF-LANDING SHOWER ROOM EASILY MAINTAINABLE REAR GARDEN WITH STORAGE SCOPE FOR MODERNISATION & EXTENSION (STPP) EXCELLENT TRANSPORT LINKS CLOSE TO SHOPS, AMENITIES & SCHOOLS

DESCRIPTION
NO UPPER CHAIN Connells are pleased to bring this well-presented mid-terraced house that is situated on a sought-after residential road in Central Watford. The property comprises of two reception rooms, a fitted kitchen, three well-proportioned bedrooms and off-landing shower room. Benefits include an easily maintainable rear garden with side access and storage, residential permit parking, the scope for modernisation as well as holding the potential to extend (STPP).
The property is conveniently located with access to several transport links including, Watford Junction, Watford High Street and Watford Metropolitan train stations as well as the M1 & A41 motorways. The property is also within catchments for well-regarded nurseries, primary schools and secondary schools including Watford Girls Grammar School. The vibrant Watford Shopping Centre and High Street is also just a short walk away providing shops, amenities, eateries, entertainment and recreational facilities.
For more information or to arrange a viewing, please contact Connells today.

Entrance Hall 
Front door, stairs to first floor landing.

Lounge 14' 3" Into Bay x 12' 2" MAX ( 4.34m Into Bay x 3.71m MAX )
Bay window to front aspect, television point, telephone point, radiator.

Dining Room  12' 6" MAX x 11' 9" MAX ( 3.81m MAX x 3.58m MAX )
Window to rear aspect, television point, radiator.

Kitchen  9' 5" x 9' 4" ( 2.87m x 2.84m )
Wall and base units with work surfaces and tiling to complement, window to side and rear aspect, sink with drainer, cooker point, plumbing for washing machine, space for fridge/freezer, door to rear garden.

First Floor Landing  
Stairs from entrance hall.

Bedroom One  11' 6" x 14' 6" MAX ( 3.51m x 4.42m MAX )
Two windows to front aspect, radiator.

Bedroom Two  12' x 9' 2" ( 3.66m x 2.79m )
Window to rear aspect, radiator.

Bedroom Three 7' 5" MAX x 9' 4" MAX ( 2.26m MAX x 2.84m MAX )
Window to rear aspect, radiator.

Shower Room  
Window to side aspect, shower cubicle, WC, wash hand basin, heated hand towel rail.

Outside  

Front Garden  

Rear Garden  

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, Watford

01923 961934

Next Steps?

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