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Novello Way, Borehamwood

London

£450,000
Listed on 15/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
666 sqft

Description

This two-bedroom terraced house is located in a serene residential neighborhood of Borehamwood, making it an appealing option for first-time buyers and savvy investors alike. The property, while well-maintained, presents various opportunities for enhancement and expansion. It boasts a private rear garden and two allocated parking spaces as well as a convenient downstairs WC. Importantly, there is significant potential to extend the living space to the rear and into the loft area, pending the necessary planning approvals. With excellent connectivity—only a minute's walk from bus routes leading directly to Elstree & Borehamwood Station—and proximity to schools and local amenities, this home offers both comfort and investment potential. Viewing is encouraged to appreciate all that this property can offer.

Investment Analysis

(WD6 area)

Above Market Value

This property is priced +30.8% above area average per sq ft

+30.8%
This Property
£676/sq ft
Area Average
£517/sq ft
Avg Rent (weekly)
£384
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£378,534
10% above area average per sq ft
Potential ROI
-22.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (WD6)

Area prices are stable by -1.1% over the last 12 months
3 year growth: -7.3%
5 year growth: +2.4%
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 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,605
Based on a loan of £337,500 over 30 years at 3.97% 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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