2-bedroom house · SG6 1AL
For saleReduced £35k (−20.6%) on 20 JunListed 811 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Impressive two bedroom ground floor apartment located at the popular Norton Hall Farm Development. The property is fully double glazed and benefits from gas to radiator central heating.
Modern kitchen and a bathroom suite. Norton Hall Farm is a small development of apartments and bungalows for people of 50 years and over.
Located on the edge of the Garden City close to open countryside. The development has an on site house manager, Monday to Friday and a 24 hour care line system at all other times.
Along with the landscaped communal gardens there is a communal residents lounge, kitchen and laundry room. Entrance Hall Electric fuse box. Glazed door leading to the lounge.
Lounge 21' 3" x 12' 1" (6.48m x 3.68m) Double glazed bay window to front aspect. Radiator. TV point. Wall mounted gas fire.
Kitchen 10' x 6' 2" (3.05m x 1.88m) Fitted in a range of matching base and eye level units providing ample storage space. Single drainer stainless steel sink unit. Ceramic tiling.
Plumbing for washing machine. Extractor fan. Radiator. Inner Hallway Airing cupboard housing water tanks. Store cupboard.
Bedroom One 12' 0" x 11' 4" (3.66m x 3.45m) Double glazed window and door to rear leading to the communal gardens. Fitted wardrobe. Radiator. En-Suite Wc Modern suite comprising a wash basin and Wc.
Extractor fan. Bedroom Two 12' 1" x 7' 3" (3.68m x 2.21m) Double glazed window to rear aspect. Radiator.
Bathroom Three peice suite comprising low level wc, wash hand basin and panel bath with shower attachment over. Ceramic tiling. Radiator. Extractor fan.
Communal Areas The development benefits from a communal residents lounge, kitchen and laundry room situated in the former farm house. Communal Gardens Communal gardens with ornamental pond.
Well maintained and stocked beds and borders. Agents Note The owner has informed us of the following information: Lease: A new 90 year lease will be provided.
Service charge £288.44 pcm (includes Buildings Insurance) Council tax: Band B
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
Agent & docs
FAQ
About 30, The Mews, Norton Road, Letchworth Garden City
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