2-bedroom flat · WD3 1QQ
For saleListed 91 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An immaculate two-bedroom apartment, ideally situated within the sought-after Penn Place development in the town centre, comes to the market for the first time in 23 years.
This beautiful, well-maintained home has a stunning south facing balcony on the fifth floor and offers far-reaching views and an abundance of natural light throughout.
The property has a generous entrance hall with a coat cupboard and additional cupboard housing the electric boiler.
The elegant sitting room provides ample space for living, entertaining and dining, with sliding doors to the private patio.
There are two generous double bedrooms, the principal bedroom has an en-suite shower room, while the other benefits from bespoke Sharps fitted wardrobes.
The recently updated fitted kitchen is well appointed with integrated appliances, stylish matt finish base and wall units, metro tiles and a granite worktop.
Completing the accommodation is a well-presented family bathroom with a white suite and shower over the bath.
The secure gated development of Penn Place remains popular with first time buyers, commuters and those looking to down-size.
There is one allocated parking space, a communal gymnasium on site, a concierge service, a lift providing access to the apartment and an entry system for visitors for added convenience.
Location This property enjoys access to Rickmansworth town centre, with its selection of schools and shops.
For the commuter, Rickmansworth has its own railway station, which provides a Metropolitan Line/Chiltern Railways service into London.
For those who drive, there is access to the M25 at Junctions 17 and 18. Schooling for children of all ages is available within the district.
Leisure facilities are numerous, including several well-known golf courses, such as nearby Moor Park and The Grove.
The 100 acre Aquadrome consisting of three lakes, grassland and woodland provides an ideal location for walking, cycling, fishing and numerous watersports.
Viewings By appointment only please via the Vendors' Agents, John Roberts & Co, 47B Lower Road, Chorleywood, Herts WD3 5LQ. Tel.
Opening times: Monday to Friday 9:00am to 6:00pm Saturday 9:00am to 4:00pm.
Tenure: Leasehold Term Remaining: 973 years Service Charge: £5,624.73 pa (2025/2026) Ground Rent: £288.64 pa (2025/26) The Service Charge is subject to change and will be verified by the management company at the time the leasehold sales pack is produced.
Council Tax Three Rivers District Council - Band E: £2954.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
Agent & docs
.png)
FAQ
About 107, Penn Place, Northway, Rickmansworth
Explore nearby