1-bedroom flat · HP2 5BE
Sold STCListed 523 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary recently refurbished to A high standard. A over 55's top floor retirement apartment. Communal facilities, communal lounge and kitchen. Residents parking and lift to floors.
Viewing highly recommended by appointment only. Description chain free. Over 55's retirement top floor apartment.
Situated in the Hemel Hempstead Old Town and within easy reach to the Town Centre, has been recently refurbished also has loft access/storage, .
Benefits include a 15'5 lounge, separate kitchen, spacious bedroom, ample storage, double glazing, residents parking, communal lounge and kitchen. Lift. Emergency pull cords fitted. House manager.
Communal Entrance Door to front with security intercom, stairs and lift to all floors. Entrance Hall Door to front with entry phone, storage cupboard and wall mounted electric heater.
Lounge 15' 5" plus bay x 10' 1" ( 4.70m plus bay x 3.07m ) Double glazed window, TV point and wall mounted electric heater.
Kitchen 8' 4" x 5' 9" ( 2.54m x 1.75m ) Fitted with wall and base units with work surfaces to compliment, sink/drainer with splashbacks, electric oven and hob with cooker hood, plumbing for washing machine.
Bedroom 10' 5" plus wardrobes x 8' 8" ( 3.17m plus wardrobes x 2.64m ) Double glazed window, built in wardrobes and wall mounted electric heater.
Bathroom Fitted with shower cubicle, wash hand basin with vanity unit, low level WC, extractor fan and part tiling.
Residents Parking We currently hold lease details as displayed above, should you require further information please contact the branch.
Please note additional fees could be incurred for items such as leasehold packs. 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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 Flat 24, Albyn House, Alexandra Road, Hemel Hempstead
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