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Ormesby Drive, Potters Bar

London

£489,000
Listed on 28/08/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
827 sqft

Description

This spacious 1930s semi-detached house features two double bedrooms and is situated on a generous corner plot, presenting significant potential for renovation or extension (subject to planning permission). The property benefits from an inviting open-plan living and dining area, making it ideal for both relaxation and entertaining. The modern kitchen includes a breakfast space, enhancing daily living. Both bedrooms are well-proportioned, providing comfortable accommodation, while the contemporary family bathroom adds to the property's appeal. A garage is currently repurposed as an office or playroom, offering flexible usage according to your needs. Additionally, the front driveway accommodates off-street parking for up to three vehicles. Located on Ormesby Drive, this home is just moments away from Wroxham Primary School and within easy reach of Dame Alice Owens School, making it a favorable choice for families. Commuters will appreciate being less than a mile from Potters Bar Station and the town center, ensuring convenient access to transport links and local amenities. With no onward chain, this property represents a promising opportunity for those looking to invest in a home with future potential in a desirable area.

Investment Analysis

(EN6 area)

Above Market Value

This property is priced +6.0% above area average per sq ft

+6.0%
This Property
£591/sq ft
Area Average
£558/sq ft
Avg Rent (weekly)
£392
Avg Yield
3.0%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£507,249
10% above area average per sq ft
Potential ROI
-1.3%
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

Ormesby Drive, 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
£1,791
Based on a loan of £366,750 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