2-bedroom flat · WD3 1GY
For saleListed 97 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the highly desirable Penn Place development in the town centre, this immaculately presented two-bedroom apartment offers spacious accommodation, a private balcony, garage and attractive communal facilities, all within easy reach of Rickmansworth town centre and station.
The property extends to approximately 723 sq ft and is accessed via a welcoming entrance hall with useful storage cupboards.
The bright and generously proportioned sitting/dining room provides an excellent entertaining space, with direct access to a private balcony overlooking Rickmansworth.
The separate fitted kitchen is well arranged with a range of base and wall units, work surfaces and space for appliances.
There are two well-sized double bedrooms, the principal with en-suite shower room and both enjoying pleasant natural light and offering ample space for bedroom furniture.
The accommodation is complemented by a family bathroom.
A particular feature of the property is the integral garage, measuring approximately 200 sq ft, offering secure parking, excellent storage or potential workshop space.
Situation Penn Place is superbly positioned for access to the amenities of Rickmansworth, including a wide variety of shops, restaurants, cafés and leisure facilities.
Rickmansworth Station provides both Metropolitan Line and Chiltern Rail services into Central London, making the location ideal for commuters.
The area is further renowned for its excellent schools, nearby countryside walks, the Aquadrome and access to the M25 motorway network. Property Ref Number: Ham-66432
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 132, Penn Place, Rickmansworth
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