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Summerswood Lane, Borehamwood, Hertfordshire, WD6

London

£695,000
Listed on 01/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1393 sqft

Description

Nestled on the serene Summerswood Lane, this three-bedroom detached residence offers a unique opportunity for those looking to invest in a property with significant renovation potential. Surrounded by idyllic countryside, the home provides a peaceful retreat while remaining conveniently close to the amenities and transport links of Borehamwood. This property has been cherished by its owners for more than sixty years, marking its first time on the market. Its classic layout includes an entrance hall leading to two distinct reception areas, a kitchen, a convenient downstairs WC, and three bedrooms along with a family bathroom. Although the interior is in need of comprehensive updates, it serves as an ideal blank slate for buyers eager to design their perfect living space. The generous plot features extensive gardens and ample driveway parking, presenting numerous opportunities for landscaping or potential extensions—subject to obtaining planning permission. With its tranquil surroundings and proximity to local conveniences, this home is not only a charming retreat but also presents substantial investment possibilities for those willing to enhance and modernize it.

Investment Analysis

(WD6 area)

Below Market Value

This property is priced -3.8% below area average per sq ft

-3.8%
Potential saving
This Property
£499/sq ft
Area Average
£519/sq ft
Avg Rent (weekly)
£379
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£794,957
10% above area average per sq ft
Potential ROI
-2.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (WD6)

Area prices are stable by +1.4% over the last 12 months
3 year growth: -8.8%
5 year growth: 1.0%
Investment Disclaimer: Analysis based on WD6 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

Summerswood Lane, Borehamwood, Hertfordshire, WD6
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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
£2,546
Based on a loan of £521,250 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