2-bedroom flat · AL3 7EW
Sold STCListed 41 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This excellent two bedroom flat requires some updating but offers bright and spacious accommodation and benefits from the use of attractive communal gardens to the front and rear.
The living room features a large picture window which overlooks the communal garden. The kitchen requires updating but also has a pleasant outlook over the gardens.
There are two double bedrooms, the principal bedroom has fitted wardrobes, both served by a good sized bathroom with three-piece suite and shower over the bath.
Outside the frontage is extremely private and a drive leads down the side and accesses a single garage which is situated en bloc to the rear.
The property enjoys the use of pretty communal gardens which it shares with the other properties in the block. Nb.
The current lease has 45 years remaining but the vendor is in the process of extending the lease by an additional 90 years.
The ground rent is currently£45 pa but is being reduced to a peppercorn rent. This property is located in Bettespol Meadows, Redbourn, a picturesque village in Hertfordshire.
The flat is within walking distance of the village Common and High Street, which offers good amenities.
Conveniently positioned close to both Harpenden and St.Albans, with access to wider amenities and efficient rail links into London. The M1 and M25 and London Luton Airport are also within easy reach.
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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 46, Bettespol Meadows, Redbourn
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