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Lodge Avenue, Elstree Borehamwood WD6 - Image 1
Lodge Avenue, Elstree Borehamwood WD6 - Image 2
Lodge Avenue, Elstree Borehamwood WD6 - Image 3
Lodge Avenue, Elstree Borehamwood WD6 - Image 4
Lodge Avenue, Elstree Borehamwood WD6 - Image 5

Lodge Avenue, Elstree Borehamwood WD6

London

£1,275,000
Listed on 12/11/2023

Property Details

Bedrooms
3
Type
Detached house
Area
1404 sqft

Description

This detached family residence features three spacious double bedrooms and two bathrooms, offering a solid foundation for renovation or investment. Set on a desirable residential street, the property is conveniently located within walking distance to local shops and transport links, enhancing its appeal for families and commuters alike. The home is in good condition, yet it presents numerous opportunities for modernization and expansion, subject to planning permission. The interior includes a comfortable lounge/dining room that flows into a study or morning room, providing versatile living spaces. A utility room adds to the practicality of the layout, while the master bedroom boasts an en suite shower room and a private balcony with panoramic views over greenbelt pastures. Two additional double bedrooms come with built-in wardrobes, accommodating family needs. Outside, the southwest-facing rear garden overlooks Allum Lane's greenbelt meadows, creating a tranquil outdoor space. The property also features a single garage with access via its own driveway and off-street parking for multiple vehicles. With its strategic location and potential for further enhancement or extension, this property represents an appealing investment opportunity in a sought-after area.

Investment Analysis

(WD6 area)

Above Market Value

This property is priced +74.6% above area average per sq ft

+74.6%
This Property
£908/sq ft
Area Average
£520/sq ft
Avg Rent (weekly)
£392
Avg Yield
4.2%

Renovation Potential

Est. Renovation Cost
£127,500 - £318,750
10-25% of property value
Target Value
£803,165
10% above area average per sq ft
Potential ROI
-49.6%
After renovation
Monthly Sales
30
Average per month
Market Turnover
39%
Properties sold annually

Local Market Trend (WD6)

Area prices are rising by +2.1% over the last 12 months
3 year growth: -3.2%
5 year growth: 13.1%
Investment Disclaimer: Analysis based on WD6 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Lodge Avenue, Elstree Borehamwood WD6
Map showing location of Lodge Avenue, Elstree Borehamwood WD6
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