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Novello Way, Borehamwood

London

£455,000
Listed on 15/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
666 sqft

Description

Presenting a two-bedroom terraced house in a tranquil residential area of Borehamwood, this property is an attractive prospect for first-time buyers or investors looking to capitalize on its potential. The home features a well-maintained interior, a private rear garden, and two designated parking spaces. Notably, there is scope to enhance the property's value by extending both to the rear and into the loft, contingent upon obtaining the necessary planning permissions. Its convenient location, just a minute's walk from bus routes connecting to Elstree & Borehamwood Station, along with proximity to schools, shops, and local amenities, further adds to its appeal. This opportunity merits early consideration for those looking to invest or create their ideal living space.

Investment Analysis

(WD6 area)

Above Market Value

This property is priced +32.0% above area average per sq ft

+32.0%
This Property
£683/sq ft
Area Average
£518/sq ft
Avg Rent (weekly)
£387
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£379,194
10% above area average per sq ft
Potential ROI
-22.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (WD6)

Area prices are stable by -1.8% over the last 12 months
3 year growth: -8.2%
5 year growth: +0.4%
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

Novello Way, Borehamwood
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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
£1,612
Based on a loan of £341,250 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.

Stamp Duty Calculator

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