3 Bed Semi-Detached House, Refurb/BRRR, Potters Bar, EN6 5LQ, £495,000

Mandeville Road, Potters Bar, EN6 5LQ - 1 views - a month ago

Refurb/BRRR
ROI: 1%
~93 m²
+3 photos

ValuationOvervalued

Sold Prices£361K - £1.0M
Sold Prices/m²£4.3K/m² - £9.9K/m²

 

 

Square Metres

~93 m²
Price/m²£5.3K/m²

Value Estimate

£476,341

 

 

End Value (After Refurb)

£491,724

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£123,750

Stamp Duty & Legal Fees

£40,700

Refurb Costs

£49,200

Bridging Loan Interest

£12,994

Total Cash In

£228,394

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£491,724

Mortgage (After Refinance)

£368,793

Mortgage LTV

75%

Cash Left In

£228,394

Equity

£122,931

Rent Range

£1,700 - £2,750

Rent Estimate

£2,143

Running Costs/mo

£1,985

Cashflow/mo

£158

Cashflow/yr

£1,893

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £361K to £1.0M, average is £510K. £4.3K/m² to £9.9K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£475K03/210.01 mi24, Mandeville Road, Potters Bar, Hertfordshire EN6 5LQ3
£475K06/210.01 mi22, Mandeville Road, Potters Bar, Hertfordshire EN6 5LQ3
£625K03/230.07 mi92, Tempest Avenue, Potters Bar, Hertfordshire EN6 5JZ3
£475K05/210.1 mi45, Tempest Avenue, Potters Bar, Hertfordshire EN6 5JY3
£650K04/230.1 mi82, Tempest Avenue, Potters Bar, Hertfordshire EN6 5JY3
£475K06/210.11 mi87, Tempest Avenue, Potters Bar, Hertfordshire EN6 5LA3
£580K02/230.12 mi6, Salisbury Close, Potters Bar, Hertfordshire EN6 5AX3
£670K06/230.12 mi12, Salisbury Close, Potters Bar, Hertfordshire EN6 5AX3
£500K06/210.13 mi53, Highview Gardens, Potters Bar, Hertfordshire EN6 5PN3
£610K11/220.14 mi27, Tempest Avenue, Potters Bar, Hertfordshire EN6 5JU3
£590K02/210.15 mi2, Tempest Avenue, Potters Bar, Hertfordshire EN6 5JX3
£510K06/210.16 mi25, Chace Avenue, Potters Bar, Hertfordshire EN6 5LX3
£460K03/210.18 mi68, Forbes Avenue, Potters Bar, Hertfordshire EN6 5NG3
£450K02/210.2 mi18, Highview Gardens, Potters Bar, Hertfordshire EN6 5PE3
£660K12/200.22 mi23, Oakmere Lane, Potters Bar, Hertfordshire EN6 5LT3
£505K01/230.25 mi2, Kemble Close, Potters Bar, Hertfordshire EN6 5EG3
£550K05/230.27 mi44, Southgate Road, Potters Bar, Hertfordshire EN6 5DZ3
£525K05/210.27 mi21, Cotton Road, Potters Bar, Hertfordshire EN6 5JT3
£665K04/210.29 mi122, Park Avenue, Potters Bar, Hertfordshire EN6 5EL3
£510K11/200.29 mi72, Cotton Road, Potters Bar, Hertfordshire EN6 5JH3
£622.5K08/220.29 mi32, Cotton Road, Potters Bar, Hertfordshire EN6 5JG3
£850K01/210.31 mi135, Park Avenue, Potters Bar, Hertfordshire EN6 5EW3
£502.5K11/200.31 mi71, Park Avenue, Potters Bar, Hertfordshire EN6 5EW3
£480K03/210.31 mi125, Park Avenue, Potters Bar, Hertfordshire EN6 5EW3
£717.5K11/220.31 mi77, Cotton Road, Potters Bar, Hertfordshire EN6 5JJ3
£425K11/200.32 mi30, Coningsby Drive, Potters Bar, Hertfordshire EN6 5QD3
£435K05/210.32 mi29, Whaley Road, Potters Bar, Hertfordshire EN6 2RA3
£495K12/200.33 mi2, Oakmere Close, Potters Bar, Hertfordshire EN6 5JQ3
£550K03/210.33 mi10, Morven Close, Potters Bar, Hertfordshire EN6 5HE3
£590K02/210.33 mi5, Oakmere Close, Potters Bar, Hertfordshire EN6 5JQ3
£410K09/220.33 mi15, Stamford Close, Potters Bar, Hertfordshire EN6 5NW3
£479.9K06/210.33 mi26, Bearwood Close, Potters Bar, Hertfordshire EN6 5HJ3
£420K04/210.34 mi26, Stamford Close, Potters Bar, Hertfordshire EN6 5NW3
£547.5K07/220.35 mi8, Hatfield Road, Potters Bar, Hertfordshire EN6 1HP3
£573K12/200.35 mi23, Penshurst Road, Potters Bar, Hertfordshire EN6 5JR3
£450.1K12/200.37 mi106, Torrington Drive, Potters Bar, Hertfordshire EN6 5HT3
£650K08/230.38 mi17, Torrington Drive, Potters Bar, Hertfordshire EN6 5HU3
£515K03/210.38 mi27, Torrington Drive, Potters Bar, Hertfordshire EN6 5HU3
£440K06/210.38 mi18, Hatfield Road, Potters Bar, Hertfordshire EN6 1HN3
£450K06/210.38 mi12, St Francis Close, Potters Bar, Hertfordshire EN6 2RH3
£545K03/210.39 mi9, The Spinney, Potters Bar, Hertfordshire EN6 5HH3
£431.5K06/220.4 mi81, Barnet Road, Potters Bar, Hertfordshire EN6 2RE3
£485K01/230.41 mi15, St Vincents Way, Potters Bar, Hertfordshire EN6 2RG3
£361K06/210.41 mi64, Ashwood Road, Potters Bar, Hertfordshire EN6 2QJ3
£625K07/220.42 mi13, Hatherleigh Gardens, Potters Bar, Hertfordshire EN6 5HZ3
£1.0M07/230.42 mi1, Parkfield View, Potters Bar, Hertfordshire EN6 1US3
£473K10/220.43 mi34, Mutton Lane, Potters Bar, Hertfordshire EN6 2NZ3
£675K02/230.43 mi54, Hill Rise, Potters Bar, Hertfordshire EN6 2RR3
£525K02/230.43 mi25, Fayerfield, Potters Bar, Hertfordshire EN6 5DQ3
£420K03/210.44 mi18, Abingdon Place, Potters Bar, Hertfordshire EN6 1TF3

Local Rents

15 rents from £1.7K/mo to £2.8K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£2,20004/240.24 miOakmere Avenue, Potters Bar, EN63
£2,20004/240.29 miPark Avenue, Potters Bar, Hertfordshire, EN63
£1,70004/250.33 mi-3
£1,80012/240.34 miHatfield Road, Potters Bar, Herts3
£1,80004/240.35 miHatfield Road, Potters Bar, Hertfordshire, EN63
£2,75012/240.41 miTorrington Drive, Potters Bar3
£1,95004/240.46 miMutton Lane, Potters Bar, Hertfordshire, EN63
£2,00004/240.47 miAlbemarle Avenue, Potters Bar3
£2,39503/250.49 mi-3
£2,40002/250.49 mi-3
£2,30004/240.52 miMutton Lane, Potters Bar, EN63
£1,95012/240.53 mi-3
£2,60012/240.56 mi-3
£1,95004/240.57 miPowis Court, Potters Bar, EN63
£1,95012/240.57 mi-3

Local Area Statistics

Population in EN6

29,067

Population in Potters Bar

29,075

Town centre distance

0.51 miles away

Nearest school

0.30 miles away

Nearest train station

0.93 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+16%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £495,000

April 1, 2025

Floor Plans

Description

  • THREE BEDROOM SEMI DETACHED HOUSE +
  • CHAIN FREE +
  • IN NEED OF MODERNISATION +
  • GARAGE +
  • SHARED DRIVE +
  • CLOSE TO LOCAL AMENTIES +
  • POTENTIAL TO EXTEND STPP +
  • FREEHOLD +
  • COUNCIL TAX BAND E - HERTSMERE COUNCIL +
  • VIEWING BY APPOINTMENT ONLY +

Available CHAIN FREE is this 3-bedroom semi-detached house located in a popular cul de sac with good access to all local amenities. The property will require full modernisation throughout but offers the new owner lots of scope to improve and extend (STPP). Viewings by appointment only.

Available CHAIN FREE is this 3-bedroom semi-detached house located in a popular cul de sac with good access to all local amenities. The property will require full modernisation throughout but offers the new owner lots of scope to improve and extend (STPP). Viewings by appointment only.

White UPVC double glazed door with matching side panel. Opens into:

Entrance Porch - Quarry tiled floor. Double glazed obscure glass window to side. Courtesy light. Further wooden obscure glass opens into:

Hallway - Single radiator. Turn flight stairs to first floor.

Ground Floor Cloakroom - WC, Double glazed obscure glass window to rear. Wall mounted Worcester boiler.

Lounge - Double glazed bay front window to front in white UPVC. Wall mounted gas fireplace. Single radiator.

Kitchen/Breakfast Room - Comprises of kitchen units in a wood effect. Space for all the usual appliances. Stainless steel sink with drainer and singular taps. Radiator. Two double glazed windows to rear. Two separate storage cupboards. Doorway to:

Upvc Porch Area - Polycarbonate roof. Double glazed door onto garden.

First Floor Landing - White UPVC double glazed window to side. Further white UPVC double glazed window to rear. Access to loft

Bedroom One - Double glazed white UPVC window to front. Radiator. Fitted wardrobes in a medium wood with a combination of sliding doors and shelving.

Bedroom Two - Double glazed white UPVC window to front.

Bedroom Three - Double glazed white UPVC window to rear. Single radiator.

Bathroom - Fitted with a bath with mixer tap and shower attachment. Pedestal sink with singular taps. Double glazed white UPVC window to rear.

Garden - 18.29m (60') - Access to garage via courtesy door.

Exterior Front - Shared driveway which leads to the rear

Garage - Up and over door.

Freehold. Council tax band E - Hertsmere council.

Property Information
We believe this information to be accurate, but it cannot be guaranteed. If there is any point which is of particular importance we will attempt to assist or you should obtain professional confirmation. All measurements quoted are approximate. The fixtures, fittings, appliances and mains services have not been tested. These Particulars do not constitute a contract or part of a contract.

Agent Details

Duncan Perry Estate Agents, Potters Bar

01707 241893

Next Steps?

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