3 Bed Terraced House, Refurb/BRRR, Bushey, WD23 3BT, £450,000

Lea Close, Bushey, WD23 3BT - 3 views - 25 days ago

Sold STC
Refurb/BRRR
Planning
ROI: 3%
~93 m²
+12 photos

ValuationFair Value

Sold Prices£280K - £951K
Sold Prices/m²£3.1K/m² - £9.6K/m²

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£459,000

 

 

End Value (After Refurb)

£470,167

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£33,700

Refurb Costs

£49,200

Bridging Loan Interest

£11,813

Total Cash In

£208,963

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£470,167

Mortgage (After Refinance)

£352,625

Mortgage LTV

75%

Cash Released

£15,125

Cash Left In

£193,838

Equity

£117,542

Rent Range

£1,795 - £4,800

Rent Estimate

£2,563

Running Costs/mo

£2,002

Cashflow/mo

£561

Cashflow/yr

£6,734

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £280K to £951K, average is £495K. £3.1K/m² to £9.6K/m², average is £5.5K/m².

PriceDateDistanceAddressBeds 
£435K04/210.06 mi51, Meadow Road, Bushey, Hertfordshire WD23 3PW3
£280K07/230.06 mi51, Meadow Road, Bushey, Hertfordshire WD23 3PW3
£406.5K10/210.06 mi63, Meadow Road, Bushey, Hertfordshire WD23 3FD3
£443K02/210.06 mi70, Meadow Road, Bushey, Hertfordshire WD23 3FD3
£365K01/240.06 mi56, Meadow Road, Bushey, Hertfordshire WD23 3FD3
£400K03/240.06 mi50, Meadow Road, Bushey, Hertfordshire WD23 3FD3
£665K01/240.1 mi43, Cornfield Road, Bushey, Hertfordshire WD23 3TD3
£610K07/230.12 mi6, Purlings Road, Bushey, Hertfordshire WD23 3BL3
£580K11/230.12 mi7, Purlings Road, Bushey, Hertfordshire WD23 3BL3
£480K08/210.12 mi18, Purlings Road, Bushey, Hertfordshire WD23 3BL3
£420K06/230.13 mi28, Little Grove, Bushey, Hertfordshire WD23 3BG3
£455K12/200.13 mi43, Little Grove, Bushey, Hertfordshire WD23 3BG3
£390K12/200.14 mi58, Great Grove, Bushey, Hertfordshire WD23 3BH3
£475K12/230.15 mi28, Cornfield Road, Bushey, Hertfordshire WD23 3TB3
£550K10/200.16 mi1, Crabtree Close, Bushey, Hertfordshire WD23 3BJ3
£613K06/230.18 mi8, Harvest Road, Bushey, Hertfordshire WD23 3SU3
£562K09/230.18 mi24, Harvest Road, Bushey, Hertfordshire WD23 3SU3
£540K10/220.22 mi60, Bournehall Avenue, Bushey, Hertfordshire WD23 3BA3
£620K12/220.23 mi4, Middle Furlong, Bushey, Hertfordshire WD23 3SZ3
£445K05/230.24 mi12, Palmer Avenue, Bushey, Hertfordshire WD23 3NA3
£532K02/210.24 mi8, Farm Way, Bushey, Hertfordshire WD23 3SS3
£377.5K05/210.26 mi9, Cooks Mead, Bushey, Hertfordshire WD23 4FE3
£562K10/230.28 mi142, Melbourne Road, Bushey, Hertfordshire WD23 3NE3
£440K05/230.28 mi114, Melbourne Road, Bushey, Hertfordshire WD23 3NE3
£560K07/230.28 mi140, Melbourne Road, Bushey, Hertfordshire WD23 3NE3
£525K04/240.28 mi128, Melbourne Road, Bushey, Hertfordshire WD23 3NE3
£425K10/200.3 mi5, Herne Road, Bushey, Hertfordshire WD23 3LG3
£607.5K12/230.33 mi197, Little Bushey Lane, Bushey, Hertfordshire WD23 4RX3
£650K05/230.34 mi8, The Close, Bushey, Hertfordshire WD23 3NG3
£465K03/210.35 mi12, Clapgate Road, Bushey, Hertfordshire WD23 3NF3
£460K04/230.37 mi66, Melbourne Road, Bushey, Hertfordshire WD23 3LY3
£490K03/210.37 mi54, Herne Road, Bushey, Hertfordshire WD23 3LP3
£951K11/220.37 mi132, Little Bushey Lane, Bushey, Hertfordshire WD23 4SA3
£493K06/210.38 mi51, Melbourne Road, Bushey, Hertfordshire WD23 3LT3
£450K01/210.38 mi59, Melbourne Road, Bushey, Hertfordshire WD23 3LT3
£402.6K12/200.39 mi1, Cheviot Close, Bushey, Hertfordshire WD23 4QW3
£828K01/240.39 mi25, Bournehall Avenue, Bushey, Hertfordshire WD23 3AU3
£615K03/240.4 mi167, Herkomer Road, Bushey, Hertfordshire WD23 3LH3
£532K06/230.4 mi34, Pentland Road, Bushey, Hertfordshire WD23 4QN3
£491.5K10/210.4 mi30, Spring Crofts, Bushey, Hertfordshire WD23 3AR3
£520K06/210.4 mi6, Spring Crofts, Bushey, Hertfordshire WD23 3AR3
£497K05/210.4 mi18, Spring Crofts, Bushey, Hertfordshire WD23 3AR3
£482.5K03/210.4 mi29, Spring Crofts, Bushey, Hertfordshire WD23 3AR3
£600K01/230.41 mi32, Homefield Road, Bushey, Hertfordshire WD23 3FA3
£493K05/240.41 mi35, Homefield Road, Bushey, Hertfordshire WD23 3AP3
£450K12/200.41 mi61, Homefield Road, Bushey, Hertfordshire WD23 3AP3
£560K06/210.42 mi16, Homefield Road, Bushey, Hertfordshire WD23 3FA3
£550K01/230.42 mi46, Homefield Road, Bushey, Hertfordshire WD23 3FA3
£550K09/230.42 mi30, Homefield Road, Bushey, Hertfordshire WD23 3FA3
£650K03/210.42 mi99, Herkomer Road, Bushey, Hertfordshire WD23 3LS3

Local Rents

21 rents from £1.8K/mo to £4.8K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,00002/250.16 mi-3
£1,79512/240.2 mi-3
£1,80012/240.35 mi-3
£2,25010/240.4 miHerkomer Road, Bushey, WD233
£2,00010/240.72 miBUSHEY , Highland Drive3
£1,89501/250.74 mi-3
£2,35010/240.76 mi-3
£2,40010/240.84 miSparrows Wick, Sparrows Herne, Bushey, Hertfordshire, WD233
£1,97504/250.87 mi-3
£2,40010/240.9 miSparrows Wick, Sparrows Herne, Bushey, Hertfordshire, WD233
£2,40010/240.9 miSparrows Wick, Bushey, WD233
£2,40010/240.9 mi-3
£2,40010/240.91 miSparrows Herne, Bushey, WD233
£2,00010/240.93 miSparrows Herne, Bushey3
£3,79510/241.13 mi-3
£1,80010/241.15 miBushey Hall Road, BUSHEY3
£4,80011/241.18 mi-3
£4,80003/251.18 mi-3
£2,80004/251.19 mi-3
£2,90004/251.19 mi-3
£4,00004/251.24 mi-3

Local Area Statistics

Population in WD23

25,296

Population in Bushey

25,302

Town centre distance

0.07 miles away

Nearest school

0.20 miles away

Nearest train station

1.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+46%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £450,000

March 17, 2025

Floor Plans

Description

  • NO ONWARD CHAIN +
  • THREE BEDROOMS +
  • GENEROUS SIZE RECEPTION ROOM +
  • NON-RESTRICTED ON STREET PARKING +
  • REFURBISHED THROUGHOUT +
  • LANDSCAPED REAR +
  • WALKING DISTANCE TO LOCAL AMENITIES +
  • SOUGHT AFTER VILLAGE LOCATION +

SUMMARY
SOUGHT AFTER BUSHEY VILLAGE LOCATION END OF TERRACE HOUSE THREE BEDROOMS EXPANSIVE RECEPTION ROOM ON STREET PARKING ENCLOSED REAR GARDEN RECENTLY RE-DECORATED POTENTIAL TO EXTEND (STPP) CLOSE TO SHOPS & AMENITIES IDEAL FAMILY HOME **

DESCRIPTION
Connells are delighted to bring this well-presented end terrace house to the market that is situated in a sought after area of Bushey Village.

Comprising of three generous sized bedrooms, a family bathroom suite, open plan kitchen living and a reception room. Further benefits include recent renovations throughout, a landscaped rear garden and no onward chain.

Lea Close has an enclosed rear garden that is ideal for outdoor dining and entertainment purposes, on street parking with the potential to add a driveway subject to planning permission.

The ideal family home, this property is conveniently located with easy access to several transport links including Bushey station that has direct links into London Euston as well as the A41, M1 and M25 motorways. There are a variety of well-regarded nurseries, primary schools and secondary schools within close proximity.

The vibrant Bushey High Street and Bushey Village are within walking distance which are full of many different shops and eateries. Watford Shopping Centre is also just a short drive away.

Entrance Hall 
Door to front aspect, understairs storage, radiator.

Lounge 16' 8" max x 12' 6" max ( 5.08m max x 3.81m max )
Door to rear garden, window to rear aspect, large storage cupboard, radiator.

Kitchen 9' 10" x 9' 2" ( 3.00m x 2.79m )
Window to front aspect, fitted kitchen with wall and base units, one bowl sink with drainer, electric oven, electric hob, cookerhood, dishwasher, fridge/freezer.

First Floor Landing 
Access to loft.

Bedroom 1 16' 6" max x 9' 2" max ( 5.03m max x 2.79m max )
Window to rear aspect, radiator.

Bedroom 2 8' 5" x 7' 3" ( 2.57m x 2.21m )
Window to rear aspect, radiator.

Bedroom 3 9' 11" x 6' 2" ( 3.02m x 1.88m )
Window to front aspect, radiator.

Bathroom 
Window to front aspect, bath with mixer taps, vanity unit with wash hand basin, tiled.

Separate Wc 
Window to front aspect, WC.

Outside 

Front 
Path to front door and side access to rear garden.

Rear Garden 
Patio and laid to lawn. South east facing.

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, Bushey

020 3889 9511

Next Steps?

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