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Packhorse Road, Buckinghamshire

South East

£375,000
Listed on 16/07/2024

Property Details

Bedrooms
N/A
Type
Detached house
Area
766 sqft

Description

Nestled in the affluent area of Gerrards Cross, this property presents an exciting opportunity for renovation and investment. Known for its charming High Street, independent shops, and vibrant local culture, Gerrards Cross offers not only a desirable living environment but also excellent connectivity to London, with just a 30-minute commute. The surrounding landscape is characterized by beautiful countryside and exclusive sports clubs, making it an appealing locale for both residents and visitors. The property features a flexible outer building that invites creative redevelopment ideas. With contemporary design elements that harmonize with the local architecture, this space can be transformed to meet various needs—subject to obtaining planning permission. The potential here is significant; whether you envision it as a yoga or gym studio, a home office, or even converting it into residential flats (STPP), the possibilities are vast. Additionally, essential services such as electricity and water are available on-site, streamlining the renovation process. The property includes one designated parking space, enhancing its practicality for personal use or as part of a rental strategy. Gerrards Cross itself boasts a reputation for quality living with its mix of modern amenities and access to rich historical roots. This versatile outer building stands as a blank canvas ready for transformation, offering an attractive investment prospect in a highly sought-after location. Viewing opportunities are available to explore this unique space further.

Investment Analysis

(SL9 area)

Below Market Value

This property is priced -16.0% below area average per sq ft

-16.0%
Potential saving
This Property
£490/sq ft
Area Average
£583/sq ft
Avg Rent (weekly)
£579
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£491,362
10% above area average per sq ft
Potential ROI
+15.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (SL9)

Area prices are stable by +0.2% over the last 12 months
3 year growth: -10.7%
5 year growth: 5.2%
Investment Disclaimer: Analysis based on SL9 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

Packhorse Road, Buckinghamshire
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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
£1,374
Based on a loan of £281,250 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