16 Hawkshead Lane, Hatfield North Mymms, Hertfordshire, AL9 7TB

Description

Two Bedroom Detached bungalow in need of total modernisation. Double glazing, double and single garages, games room, summerhouse, rear garden, off-street parking for several cars and potential for redevelopment subject to planning permission. The accommodation section also refers to three bedrooms.

Accommodation

Ground Floor - Reception Room, Kitchen, Three Bedrooms, Bathroom / WC, Shower Room / WC, Conservatory, Garage, Games room

Location

Situated in a semi-rural location running off Swanland Road. Shopping facilities are available close by in Potters Bar, along with cafes, bars and restaurants. Recreational facilities can be found at Northaw Great Wood Country Park and Gobions Wood, both conveniently close by. Nearby road connections are via the M1, M25, A1(M) and A414. Transport: National Rail Potters Bar and Brookmans Park.

Tenure / Property Information

Investment Analysis

The supplied completed sales on Hawkshead Lane range from £765,000 to £1,400,000, with the latest sale at £765,000 on 15 August 2025. However, no comparable floor areas, bedroom counts, condition details or redevelopment outcomes are provided. The subject is described as a two-bedroom detached bungalow requiring total modernisation, while the accommodation schedule refers to three bedrooms. A reliable GDV or market value cannot therefore be established from the evidence supplied.

Investment Snapshot

Strategy Recommendation

Do not commit to a bid based on the supplied evidence alone. Obtain a full survey, clarify whether the property has two or three bedrooms, obtain a detailed modernisation budget and investigate planning potential before considering refurbishment, resale or letting.

Works Required

Total modernisation is stated to be required. Works should be assessed and costed following a full survey, including the condition and updating of the accommodation, kitchen, bathrooms, finishes and services. Gas central heating is present but has not been tested. Any redevelopment proposal requires planning investigation; no permission or scheme is evidenced.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed because refurbishment costs, achievable rent, a supported post-works value and finance costs are unavailable. The latest local completed sale is £765,000, but its comparability to this bungalow is not demonstrated.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is supplied, so rent, gross yield and BTL viability cannot be established. The modernisation requirement and EPC rating E should be considered before relying on rental income.

Flip Analysis

A flip assessment cannot be reliably quantified. Local completed sales provide a broad £765,000 to £1,400,000 range, but there is no evidence of comparable size, condition, bedroom count or resale specification. Refurbishment, selling and transaction costs are also unavailable.

Investor Risks & Due Diligence

• The property is described as both two-bedroom and three-bedroom.

• The property is stated to require total modernisation, but no works schedule or cost estimate is provided.

• Gas central heating has not been tested.

• EPC rating is E.

• No sufficiently specific rental evidence or auctioneer rent estimate is supplied.

• Potential redevelopment is expressly subject to planning permission, with no permission or scheme evidenced.

• Buyer fees, VAT and other seller charges are not quantified in the supplied information.

• The completed sales vary materially in price and their size, condition and specification are not provided.

Recommendation

Do not commit to a bid based on the supplied evidence alone. Obtain a full survey, clarify whether the property has two or three bedrooms, obtain a detailed modernisation budget and investigate planning potential before considering refurbishment, resale or letting.

Strategy Rating

Analysis Confidence

Completed sales are available, but there are no sufficiently specific comparables, floor areas, rental evidence, refurbishment costs, buyer/admin fees or supported planning/redevelopment information.