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West Riding, Bricket Wood, AL2

East of England

£650,000
Listed on 02/08/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1055 sqft

Description

This detached bungalow presents a unique opportunity for renovation and investment in a central location, within easy walking distance to various shops and amenities. Its favorable position also provides excellent transport links, enhancing its appeal for potential buyers or renters. While the property is currently in need of modernization throughout, it boasts a spacious layout that can be transformed into a contemporary living space. The generous lounge measuring approximately 21'8" x 17'8" offers ample room for reconfiguring according to modern design preferences. Accompanying the lounge is a conservatory (15'5" x 8'9"), which could serve as an inviting space for relaxation or entertaining once updated. The kitchen, although compact at 12'2" x 5'9", holds potential for refurbishment to create an open-plan living style that aligns with current trends. Additional utility space enhances practicality, while three bedrooms of varying sizes provide flexibility for families or as rental options. Covering outdoor aspects, the sizable garage comes equipped with an adjoining workshop, ideal for hobbyists or additional storage, further adding value to the property. The front garden includes a shared driveway that accommodates parking for multiple vehicles, a practical feature in this central locale. For those interested in investment potential, there may be opportunities to develop further on this site (subject to obtaining the necessary planning consents), enhancing both living space and property value. This home is being sold chain-free, simplifying the purchasing process for prospective buyers ready to embark on a renovation project.

Investment Analysis

(AL2 area)

Above Market Value

This property is priced +19.1% above area average per sq ft

+19.1%
This Property
£616/sq ft
Area Average
£518/sq ft
Avg Rent (weekly)
£370
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£600,559
10% above area average per sq ft
Potential ROI
-14.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (AL2)

Area prices are rising by +3.6% over the last 12 months
3 year growth: 1.2%
5 year growth: 13.7%
Investment Disclaimer: Analysis based on AL2 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

West Riding, Bricket Wood, AL2
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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
£2,381
Based on a loan of £487,500 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