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Richmond Way, Croxley Green, Rickmansworth

London

£680,000
Listed on 03/09/2025

Property Details

Bedrooms
3
Type
Detached house
Area
911 sqft

Description

This detached house on Richmond Way offers a unique opportunity for renovation and investment, particularly appealing to those with a vision for customization. Spanning approximately 911 square feet, the property currently features three bedrooms, making it suitable for families or groups seeking space to grow. Entering the home, you are greeted by a hallway that leads into a well-proportioned lounge, complete with a bay window and a large stone fireplace accented by wood cladding. This area transitions smoothly into the dining room, which benefits from patio doors that open up to the rear garden—ideal for indoor-outdoor living. The fitted kitchen features ample wall and base units along with practical vinyl flooring and side access to the outdoors. The first floor hosts three bedrooms; one includes built-in wardrobes, offering convenient storage options. The family bathroom is functional with a panel bath and separate WC, while natural light flows through windows in each room. The rear garden is approximately 82 feet long, featuring a paved patio area complemented by a lawn bordered with mature trees—providing both potential for landscaping improvements and outdoor enjoyment. Additionally, there’s off-street parking available for two vehicles at the front of the property. Situated in a desirable location, this home is conveniently close to local amenities, parks, and transport links. Its positioning strikes an ideal balance between peaceful residential living and accessibility to essential services. The property not only promises immediate comfort but also holds significant potential for enhancement through renovation or expansion (subject to local planning consent), making it an attractive prospect for both homeowners and investors looking to capitalize on future value growth.

Investment Analysis

(WD3 area)

Above Market Value

This property is priced +27.7% above area average per sq ft

+27.7%
This Property
£746/sq ft
Area Average
£585/sq ft
Avg Rent (weekly)
£430
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£585,828
10% above area average per sq ft
Potential ROI
-19.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (WD3)

Area prices are stable by +1.4% over the last 12 months
3 year growth: -4.7%
5 year growth: 10.6%
Investment Disclaimer: Analysis based on WD3 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

Richmond Way, Croxley Green, Rickmansworth
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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
£2,491
Based on a loan of £510,000 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE