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Wooldridge Close, Bedfont, Feltham

London

£180,000
Listed on 26/07/2024

Property Details

Bedrooms
2
Type
Flat
Area
613 sqft

Description

This two-bedroom first-floor flat presents a noteworthy opportunity for those looking to invest in a property with significant renovation potential. Located in a well-established neighborhood, the flat is conveniently situated near local amenities and transport links, making it an appealing choice for both renters and homeowners. As you enter the flat, you're greeted by a communal hallway that leads to a welcoming entrance. The accommodation features a spacious lounge with a double-glazed window that opens to a Juliet balcony, allowing natural light to fill the room. This area offers ample space for reconfiguration or modern updates to enhance its appeal. The kitchen, while functional, requires some modernizing but comes equipped with built-in appliances and sufficient cabinetry. It also provides the potential for customization, whether through new finishes or layout adjustments. Both bedrooms offer generous proportions, with the primary bedroom benefiting from additional built-in storage. The second bedroom can easily accommodate various configurations based on your needs. The bathroom consists of essential fixtures but holds potential for upgrades that could significantly enhance its functionality and aesthetics. Central heating and double glazing are already in place, providing comfort and efficiency during colder months. Importantly, the property operates on leasehold terms, with approximately 82 years remaining on the lease. The monthly service charge is around £200.03, presenting a manageable cost for maintenance of communal areas. While some updating is necessary throughout the flat, this presents an excellent opportunity for investors or buyers seeking to create a tailored living space that reflects their tastes and lifestyle needs. Given its location and features, this property is poised for appreciation with strategic renovations. Interested parties are encouraged to verify all lease details through their solicitors or surveyors prior to proceeding further.

Investment Analysis

(TW14 area)

Below Market Value

This property is priced -40.0% below area average per sq ft

-40.0%
Potential saving
This Property
£294/sq ft
Area Average
£490/sq ft
Avg Rent (weekly)
£375
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£330,171
10% above area average per sq ft
Potential ROI
+61.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (TW14)

Area prices are rising by +9.3% over the last 12 months
3 year growth: 12.9%
5 year growth: 18.3%
Investment Disclaimer: Analysis based on TW14 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Wooldridge Close, Bedfont, Feltham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£659
Based on a loan of £135,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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