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St Vincents Way, Potters Bar

London

£299,950
Listed on 02/11/2025

Property Details

Bedrooms
2
Type
Flat
Area
678 sqft

Description

This first-floor two-bedroom maisonette presents an excellent opportunity for those looking to undertake a renovation project or make a sound investment. Although the property requires modernisation, it features a functional layout that allows for creative updates tailored to personal tastes or rental market demands. Upon entering, you'll find an entrance hall leading to a spacious landing area, which includes access to a loft space and two storage cupboards. The lounge/diner is filled with natural light from its rear-facing double-glazed window, providing a welcoming environment for relaxation or entertaining. This area flows seamlessly into the kitchen, which features essential components such as wall and base units, worktop surfaces, and space designated for appliances including a gas cooker and fridge. The property accommodates two bedrooms, both equipped with front-facing double-glazed windows that enhance airflow and light. The main bathroom offers a panel-enclosed bath and pedestal wash hand basin, while an additional separate WC adds convenience for residents and guests alike. Outside, residents can enjoy the communal garden space, primarily laid to lawn—an inviting area perfect for outdoor activities or simple relaxation. Located in Potters Bar, this maisonette benefits from proximity to various local shops and amenities. Commuters will appreciate the excellent road links to major routes such as the M25 and A1M, alongside the accessibility provided by Potters Bar’s mainline railway station. With a remaining lease of 126 years and potential for capital appreciation through thoughtful renovations, this property stands out as a promising investment in a desirable location.

Investment Analysis

(EN6 area)

Below Market Value

This property is priced -20.7% below area average per sq ft

-20.7%
Potential saving
This Property
£442/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
£415,858
10% above area average per sq ft
Potential ROI
+22.3%
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

St Vincents Way, 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
£1,099
Based on a loan of £224,962 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