Modern Method of Auction
Auction date not yet published
2-bedroom flat · SG5 2UW
For saleReduced £10k (−5.6%) on 18 SepListed 59 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Spacious Two Bedroom Maisonette with Garden, Garage and Field Views Situated within a desirable cul-de-sac, this spacious two bedroom first floor maisonette offers well proportioned accommodation throughout, with scope for enhancement and modernisation.
The property comprises kitchen, open plan living/dining room, two bedrooms and family bathroom.
The private enclosed garden, offers great outdoor space and further benefits include a garage and attractive views overlooking King George’s Playing Field.
With its generous proportions, private garden, garage and excellent potential, this property is an ideal opportunity for those seeking a project in a sought after location.
Please note: The property is being offered to cash buyers only and has approximately 44 years remaining on the lease with a ground rent of £60 per annum.
Hitchin is a charming medieval market town and has many fine Tudor and Georgian buildings, particularly around the market square.
Near to the market square stands the large medieval parish church of St Mary.
The town provides good shopping as well as a swimming pool, football team, two theatres, a wide variety of restaurants and pubs and highly regarded girls’ and boys’ schools.
There is also a mainline railway station providing direct access to Kings Cross and Cambridge.
• Being Sold by goto Online Auction • Starting Bids from £180,000 • Buy It Now option available This property is being offered for sale by the Modern Method of Auction.
The successful buyer will have 56 working days to exchange and complete (the Reservation Period), allowing time to arrange mortgage finance where required.
If you are the successful bidder, you'll enter into a Reservation Agreement and pay a non-refundable Buyer's Premium.
This secures the property, removes it from the market and helps provide greater certainty for both buyer and seller.
This property is subject to an undisclosed Reserve Price, which is typically no more than 10% above the Starting Bid. For more information, please contact the agent or visit goto Online Auctions.
Auctioneer's Comments The successful buyer will be required to pay the below non-refundable fees: • Buyer's Premium: 3% of the purchase price plus VAT (subject to a minimum of £5,500 including VAT) • Legal Pack Fee: £396.00 including VAT The Buyer's Premium is payable in addition to the purchase price and may be taken into account when calculating Stamp Duty Land Tax (sdlt).
Material information: If you intend to purchase using mortgage finance, you should satisfy yourself that the property is suitable for the purposes for which you intend to use it and that it meets your lender's requirements to secure lending before bidding.
A Legal Pack is available for this property and should be reviewed carefully before bidding.
Neither goto Group nor the estate agent accepts any responsibility or liability for the accuracy or completeness of the Legal Pack and shall not be liable for any loss or damage arising from any inaccuracies, omissions or errors contained within it.
Buyers should review the Legal Pack carefully, carry out their own due diligence and obtain independent legal advice where appropriate before proceeding.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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 advisers 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
FAQ
About 10, King Georges Close, Hitchin
Explore nearby