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See how verdicts work3-bedroom flat · WD3 1GF
Listing removedReduced £55k (−6.5%) on 20 JunListed 195 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Stunning three bedroom ground floor apartment in a sought-after development.
Description This fabulous ground floor apartment is offered for sale in show house condition and is wonderfully bright and light.
There is a generous communal reception hall and number one is to the left as you go in.
The apartment opens into a generous reception hall with a deep coats cupboard and a large utility/storage cupboard.
The superb kitchen/living room is double aspect and has a lovely sitting and dining space.
The kitchen is comprehensively fitted with a matching range of wall and floor units and integrated appliances include fridge/freezer, induction hob with extractor above, double oven and dishwasher.
There is a great breakfast bar to enjoy the first coffee of the day too!
The principal bedroom suite is double aspect and has a dressing area with a full range of built-in high gloss wardrobes plus a fully tiled en suite bathroom.
There are two further double bedrooms and a large fully tiled bathroom with a three piece suite.
Outside The delightful landscaped communal gardens have been thoughtfully laid out and offer lovely outdoor space with a mixture of trees, shrubs and flowers for all seasons making a welcoming setting to walk and enjoy.
Heron Lodge is one of two blocks in this exclusive Elmswater development and is approached through gates and number one has two reserved parking spaces immediately to the front.
There is also a dedicated area for bikes. Nb: Photographs taken in 2023.
Location Heron Lodge is located centrally in Rickmansworth and is one of two blocks in the gated Elmswater development just off the High Street and lies adjacent to the tranquil Elms Lake.
The town offers an excellent choice of local shops, restaurants and cafés plus the popular Aquadrome and its 100 acre nature reserve with great woodland walks, open spaces and sailing.
Rickmansworth station provides an excellent service to London Baker Street, the City and the Chiltern Turbo to Marylebone.
The M25 can be accessed at Junctions 17 or 18 with its connections to the motorway network and airports. Square Footage: 1,298 sq ft Leasehold with approximately 993 years remaining.
Directions From Junction 18 of the M25 take A404 signposted towards Rickmansworth.
Continue on Chorleywood road and on the first roundabout take first exit, on the next roundabout take third exit to Rickmansworth High Street, proceed under the railway bridge and into the High Street.
Take the left turn into Wharf Lane and follow down to the gated development of Elmswater. Heron Lodge is the first building on the left
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
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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.
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FAQ
About 1 Heron Lodge,, Wharf Lane, Hertfordshire
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