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Mandeville Road, Potters Bar

London

£550,000
Listed on 02/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
775 sqft

Description

This three-bedroom semi-detached house presents a promising opportunity for renovation, set in a tranquil cul-de-sac that enhances its charm. The property enjoys a southerly aspect rear garden, offering plenty of natural light and potential for landscaping or expansion. Located conveniently near Oakmere Park, it benefits from easy access to local amenities and major transport links, including Potters Bar mainline railway station, the M25, and A1M, making commutes straightforward and convenient. Upon entering the home through a double-glazed porch, you are greeted by an entrance hall that features practical storage options and provides access to the various living spaces. The lounge is characterized by its double-glazed bay window and a feature fireplace, creating a cozy atmosphere perfect for family gatherings. The kitchen offers a functional layout with wall and base units that could be modernized to match personal tastes. It includes space for essential appliances and has direct access to the rear garden, which is currently laid mainly to lawn but holds potential for enhancements such as outdoor entertaining areas or additional greenery. On the first floor, you will find three well-proportioned bedrooms that are bright and versatile. Each room has ample natural light from their respective windows and can be easily updated to suit modern preferences. The shower room is equipped with necessary fixtures but could also benefit from some contemporary upgrades. Outside, the property features both front and rear gardens; the front yard is primarily laid to lawn with an off-road parking space available on your own driveway. The rear garden includes a patio area along with established shrubs, making it an inviting space that could be revitalized further through thoughtful landscaping. In summary, while this house is currently clean and tidy, it presents significant investment potential for those looking to modernize or expand their living space in a desirable location. With its proximity to local parks and transport links paired with the opportunity for updates throughout the home, this property stands out as a worthwhile project for savvy buyers.

Investment Analysis

(EN6 area)

Above Market Value

This property is priced +27.3% above area average per sq ft

+27.3%
This Property
£710/sq ft
Area Average
£558/sq ft
Avg Rent (weekly)
£392
Avg Yield
3.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£475,354
10% above area average per sq ft
Potential ROI
-19.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (EN6)

Area prices are rising by +2.5% over the last 12 months
3 year growth: 0.8%
5 year growth: 10.6%
Investment Disclaimer: Analysis based on EN6 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

Mandeville Road, Potters Bar
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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
£2,015
Based on a loan of £412,500 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