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Cherry Tree Lane, Potters Bar

London

£499,950
Listed on 02/04/2026

Property Details

Bedrooms
2
Type
End Of Terrace
Area
829 sqft

Description

This two-bedroom end terrace house is situated on a corner plot, presenting an excellent opportunity for renovation and future expansion, pending planning approval. Located conveniently off Ashwood Road, the property features an open aspect at the front and offers a practical layout with a lounge/diner, conservatory, kitchen, two separate toilets, and both front and rear gardens. The residence includes allocated parking just moments away on Ashwood Road. Upon entering through the double glazed porch, you are greeted by an entrance hall that leads to a spacious lounge/dining room with ample natural light from the front-facing window and sliding doors that connect to the rear garden. The kitchen is equipped with various wall and base units but could benefit from modernization while retaining space for essential appliances. The conservatory offers additional living space with multiple windows and doors leading outside. The downstairs WC is functional but may require updating to meet contemporary standards. Upstairs, there are two bedrooms featuring built-in storage solutions, alongside a bathroom that includes essential amenities but also shows signs of wear. Exterially, both the front and rear gardens provide potential for landscaping or further development to enhance outdoor living spaces. This property is ideal for investors or those looking to create their dream home in a desirable location.

Investment Analysis

(EN6 area)

Above Market Value

This property is priced +9.3% above area average per sq ft

+9.3%
This Property
£603/sq ft
Area Average
£552/sq ft
Avg Rent (weekly)
£381
Avg Yield
3.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£503,278
10% above area average per sq ft
Potential ROI
-6.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (EN6)

Area prices are stable by +1.0% over the last 12 months
3 year growth: +1.4%
5 year growth: +6.0%
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

Cherry Tree Lane, Potters Bar
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,771
Based on a loan of £374,962 over 30 years at 3.91% 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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