1-bedroom flat · SG8 5AG
Sold STCReduced £20k (−11.1%) on 6 JulListed 288 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A bright and well-presented first floor one-bedroom apartment, ideally positioned for commuters and within easy walking distance of the town centre and local amenities.
Offering well-balanced accommodation throughout, the property enjoys an abundance of natural light which enhances the sense of space and creates a warm and welcoming atmosphere from the moment you step inside.
The apartment has been well maintained and is presented in good order throughout, making it an ideal opportunity for buyers seeking a home ready to move straight into.
The accommodation provides comfortable and practical living space suited to a range of purchasers, including first-time buyers, couples and downsizers alike.
The layout has been designed for easy day-to-day living, with bright interiors and a pleasant overall feel throughout the home. One of the property’s key advantages is its highly convenient location.
Situated just a stone’s throw from the train line, the apartment is particularly well suited to commuters requiring straightforward transport links, while the town centre remains only a short walk away, providing access to a range of shops, cafés, restaurants and everyday amenities.
Externally, the property benefits from one allocated parking space, adding further practicality and convenience.
Offered to the market with no onward chain, this is an excellent opportunity to acquire a lovely apartment in a well-connected and convenient setting.
Leasehold Length 999 years from 2019 Service charge - £2000/annum approx Local Authority - North Herts District Council Council Tax Band - B BUYERS INFORMATION To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers.
We use the services of a third party, Lifetime Legal, who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers and ID.
There is a nominal charge of £80 inc VAT for this (for the transaction not per person), payable direct to Lifetime Legal.
Please note, we are unable to advertise a property or issue a memorandum of sale until the checks are complete.
REFERRAL FEES We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying.
We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider.
The ancillary service provider may be an associated company of Thomas Morris. RYN200120/
Value & comps
No previous sales on record.
Returns
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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.
Area
Agent & docs
FAQ
About Gresley Lodge, Old North Road, Royston, Hertfordshire, SG8
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