1-bedroom flat · SG5 2JR
For saleReduced £40k (−16.7%) on 18 SepListed 460 days
Opportunity summary
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About
Enjoy lunch on us when you take A tour of park house - book now! Well presented one bedroom, first floor apartment benefitting from a spacious living room with a juliette balcony.
The retirement living plus development offers excellent communal facilities including an on-site restaurant, landscaped gardens, conservatory and communal lounge where social events take place.
**Entitlements Advice and Part Exchange available - speak to your Property Consultant for more information** Park House Park House in Hitchin has been specifically designed for the over 70's and is fully equipped to support those looking for a little more support.
The town of Hitchin is well placed for those who enjoy a trip into the capital as the railway station operates regular services direct to London Kings Cross.
For those seeking adventures abroad, Luton Airport is just under 10 miles away by car.
Park House is one of McCarthy & Stones Retirement Living plus range and is facilitated to provide its homeowners with extra care.
An Estate Manager is on hand to manage the day to day running of the development and attend to any queries you may have.
The development has a great community of Homeowners with a Homeowners association who support each homeowner, annual events and day trips.
For your reassurance the development has 24-Hour on-site staffing, secure camera entry systems and 24-Hour emergency call system provided by a personal pendant with static call points in bathrooms and main bedroom.
Homeowners can enjoy a great array of activities from Film nights, Bingo, Games nights, Knit & Natter, Happy Hour, and Themed days which follow a yearly calendar of events.
The development has a homeowners lounge, fitted with audio visual equipment and WiFi. This is a superb venue for socialising with friends and family.
If your guests have travelled from afar, they can extend their stay by booking into the development Guest Suite (usually for a fee of £25 per night - subject to availability).
For added convenience there is an onsite table service restaurant with freshly cooked meals provided everyday.
It is a condition of purchase that residents must meet the age requirement of 70 years of age or over. Entrance Hall Front door with spy hole leads to the spacious entrance hall.
24-hour Tunstall emergency response pull cord system is situated in the hall. Walk in storage /airing cupboard. Underfloor heating runs throughout the apartment. Emergency call module.
Doors leading to Wet Room, Bedroom, and Living Room.
Living Room Bright and spacious living room benefitting from having a glazed door with full height window leading to a Juliette balcony which overlooks the front elevation.
The room provides space for dining. TV point with sky+ connectivity, telephone point, range of power points and two light fittings. Part-glazed double doors leading to kitchen.
Kitchen Range of wall and base units and pan drawers with a roll top work-surface and tiling over.
The electronically controlled window with blind sits above a stainless steel sink and drainer with mixer tap.
Fully integrated appliances include fridge and freezer, built in electric oven and electric hob with tiled splash-back and chrome extractor hood above.
Down lighters beneath wall mounted cupboards and ceiling lighting. Tiled flooring. Bedroom Spacious bedroom with window providing views towards the front elevation.
Door leads onto the walk in wardrobe providing hanging rails and shelving. TV and telephone point, range of power points and central lighting. Emergency pull-cord.
Wet Room Fully tiled modern fitted suite comprising; Level entry shower with support rail and curtain, WC, vanity unit wash hand basin with mirror above and wall mounted towel rail.
Emergency pull-cord.
Service Charge (Breakdown) • 1 hour domestic assistance • Cleaning of communal windows • Water rates for communal areas and apartments • Electricity, heating, lighting and power to communal areas • 24 hour emergency call system • Upkeep of gardens and grounds • Repairs and maintenance to the interior and exterior communal areas • Contingency fund including internal and external redecoration of communal areas • Buildings insurance The Service charge does not cover external costs such as your Council Tax, electricity or TV, to find out more about the service charges please contact your Property Consultant or Estate Manager.
Annual Service charge: £10,459.18 for financial year ending 30/9/2026. Check out benefits you may be entitled to!
Car Parking Permit Scheme-Subject To Availability Parking is by allocated space subject to availability. The fee is usually £250 per annum, but may vary by development.
Permits are available on a first come, first served basis. Please check with the Estate Manager on site for availability.
Lease Information Ground rent: £435 per annum Ground rent review: 1st Jan 2030 Lease: 125 years from 1st Jan 2015.
Additional Services And Information Moving is a huge step, but don’t let that hold you back.
We have a range of services to help your move go smoothly, including: • free Entitlements Advice to help you find out what benefits you may be entitled to.
• Part Exchange service to help you move without the hassle of having to sell your own home. • Removal Services that can help you declutter and move you in to your new home.
• Conveyancing specialists who are experienced with sales and purchases of McCarthy Stone retirement properties.
For more information check our webpage additional services or speak with our property consultant • Full Fibre & Copper Broadband available • Mains water and electricity • Electric room heating • Mains drainage
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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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About 23 Park House, Old Park Road, Hitchin
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