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Southbrook Drive, Cheshunt

London

£699,950
Listed on 27/01/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1144 sqft

Description

Secluded behind secure electric gates, this three-bedroom detached home presents a unique opportunity for those looking to invest in a property with significant renovation potential. Set on an expansive lot that features a serene brook complete with a quaint bridge, the grounds extend beyond the waterway, offering possibilities for further development or enhancement, pending the necessary planning permissions. Inside, the property welcomes you with a spacious hallway leading to various well-proportioned living areas. The ground floor comprises an inviting lounge, a versatile garden room that could serve as an office or additional living space, and a modern kitchen adjacent to a dedicated dining area. A convenient cloakroom completes the ground level. Upstairs, you'll find three generous double bedrooms, including one with its own en-suite bathroom, complemented by a family bathroom. Outside, ample off-street parking is available along with an integral garage. The landscaped gardens provide a tranquil retreat for outdoor entertaining or relaxation. The enchanting bridge over the brook enhances the natural charm of the surroundings and offers potential for creating distinct outdoor spaces. This property is ideally located within walking distance of Brookfield Farm Shopping Centre and is well-served by various transport links and reputable schools, making it not only appealing for personal use but also as an investment opportunity in a desirable area. With no chain involved, this home awaits your vision to unlock its full potential.

Investment Analysis

(EN8 area)

Above Market Value

This property is priced +31.3% above area average per sq ft

+31.3%
This Property
£612/sq ft
Area Average
£466/sq ft
Avg Rent (weekly)
£351
Avg Yield
4.4%

Renovation Potential

Light Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£586,603
10% above area average per sq ft
Potential ROI
-20.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (EN8)

Area prices are rising by +2.2% over the last 12 months
3 year growth: 2.0%
5 year growth: 12.5%
Investment Disclaimer: Analysis based on EN8 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

Southbrook Drive, Cheshunt
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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
£2,564
Based on a loan of £524,962 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