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Furzehill Road, Borehamwood, Hertfordshire, WD6 - Image 1
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Furzehill Road, Borehamwood, Hertfordshire, WD6 - Image 3
Furzehill Road, Borehamwood, Hertfordshire, WD6 - Image 4
Furzehill Road, Borehamwood, Hertfordshire, WD6 - Image 5

Furzehill Road, Borehamwood, Hertfordshire, WD6

London

£1,190,000
Listed on 11/04/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
947 sqft

Description

This property presents a significant opportunity for redevelopment, as planning permission has been secured for the demolition of the existing two-storey structure. A new four-storey detached building is proposed, consisting of six self-contained flats—four one-bedroom units and two two-bedroom units. The design includes modern amenities such as private balconies for select flats and a communal garden space for residents to enjoy. The planned structure is quite spacious, with dimensions of 10.4 meters in width and 16.4 meters in depth, reaching heights of up to 10.6 meters. Additionally, the development adheres to Hertsmere's Planning and Design Guide SPD Part D space standards, ensuring the internal layout meets current living standards. Importantly, the site is not within a conservation area, and the existing dwelling is not listed, allowing for greater flexibility in renovation or redevelopment. Located just steps away from Borehamwood’s Shopping Park—with its array of over 30 major high-street retailers—and numerous local cafes and restaurants along Shenley Road, this site benefits from excellent accessibility and a vibrant community atmosphere. Elstree & Borehamwood train station is conveniently situated approximately 350 meters away, providing direct rail access to central London via Thameslink services. The property is also well-served by various public transport options, with nearby bus stops enhancing connectivity. The proposed development includes three off-street parking spaces at the front of the building, benefiting from an Accessibility Zone 2 designation that allows for up to a 75% parking requirement reduction. This aspect enhances the viability of the project by aligning with local transportation policies while catering to potential residents who may prefer living in an area with robust transit links. Overall, this property offers a promising investment opportunity for those seeking to capitalize on residential growth in a well-connected location close to essential amenities and transport hubs.

Investment Analysis

(WD6 area)

Above Market Value

This property is priced +142.2% above area average per sq ft

+142.2%
This Property
£1,257/sq ft
Area Average
£519/sq ft
Avg Rent (weekly)
£379
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£1,500,000 - £2,000,000
Target Value
£540,434
10% above area average per sq ft
Potential ROI
-83.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (WD6)

Area prices are stable by +1.4% over the last 12 months
3 year growth: -8.8%
5 year growth: 1.0%
Investment Disclaimer: Analysis based on WD6 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

Furzehill Road, Borehamwood, Hertfordshire, WD6
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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
£4,359
Based on a loan of £892,500 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE