52 Bushey Grove Road, Bushey, Hertfordshire

Description

A Vacant Four Bedroom Detached House Occupying a Large Plot of Approximately 0.95 Acres, Offering Potential for Redevelopment or Further Enhancement (Subject to the Necessary Planning Consents.) The property comprises a four bedroom detached house arranged over ground and first floors and a rear single storey detached garage situated on a plot of land measuring approximately 0.95 acres.

Accommodation

Ground Floor: Three Reception Rooms, Kitchen, Shower room. First Floor: Four Bedrooms, Bathroom. Exterior: Generous off-street parking for multiple vehicles to the front, a detached garage to the side, and a rear garden.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Bushey Manor Field are within easy reach. Transport links are provided by Bushey overground station (Lioness line) and rail station.

Tenure / Property Information

Investment Analysis

Same-road completed sales range from £899,000 (54 Bushey Grove Road, 2024) to £1,200,000 (50 Bushey Grove Road, 2025). Given the subject's four-bedroom detached accommodation and large approximately 0.95-acre plot, but no planning consent or condition evidence, an indicative base GDV of £1,050,000 is used. This is an estimate, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only if due diligence supports the base GDV and a credible planning or enhancement opportunity. It is unattractive as a straightforward BTL at the guide due to the low gross yield.

Works Required

No specific defects or required works are evidenced. Obtain a full survey, assess the detached garage and house condition, and investigate any enhancement or redevelopment proposals subject to planning consent.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £1,050,000 base GDV, 75% refinancing would be approximately £787,500. Against the guide price and known administration charge only, this indicates £35,700 surplus refinance over those known costs. Unknown works, legal, search, transfer, seller-cost reimbursement and finance costs could materially reduce or eliminate this result. Refinancing is not guaranteed.

Buy-to-Let Analysis

The advertised asking rent is £1,400 pcm, producing £16,800 annually. At the £750,000 guide, the gross yield is approximately 2.24%, or 2.23% including the £1,800 administration charge. This is a low gross yield before finance, maintenance, voids and other costs. The rent is advertised evidence, not achieved rent.

Flip Analysis

The same-road completed sales support a broad indicative GDV range of £899,000 to £1,200,000, with a £1,050,000 base case. A reliable flip surplus cannot be calculated because refurbishment costs, selling costs and several purchase costs are unsupported or unknown.

Investor Risks & Due Diligence

• Any redevelopment or enhancement is subject to necessary planning consents, which are not evidenced.

• The property's condition and required refurbishment costs are unknown.

• The £1,400 pcm figure is an advertised asking rent rather than achieved or passing rent.

• Search fees, legal fees, transfer fees, seller-cost reimbursement and other disbursements may be payable.

• Comparable completed prices range materially from £899,000 to £1,200,000, creating GDV uncertainty.

• Refinance terms and availability are not guaranteed.

Recommendation

Proceed only if due diligence supports the base GDV and a credible planning or enhancement opportunity. It is unattractive as a straightforward BTL at the guide due to the low gross yield.

Strategy Rating

Analysis Confidence

There are relevant same-road completed sales and one advertised rent, but no condition report, planning consent, full legal-cost schedule, achieved rent or refurbishment budget.