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See how verdicts work2-bedroom flat · SG4 0AF
Sold STCReduced £1.3k (−2%) on 6 JulListed 278 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
* 25% Shared Ownership * A beautifully presented first floor, two double bedroom apartment located within easy walking distance of Hitchin town centre and mainline railway station.
The spacious accommodation comprises entrance hall, a contemporary open plan kitchen/dining/living room with Juliette balcony, the kitchen area with integrated appliances, two double bedrooms and a bathroom.
Externally are well maintained communal gardens and a secure underground parking space. An ideal first purchase! Entrance Hall: Electric radiator. Airing cupboard. Storage cupboard.
Laminate flooring. Kitchen/Dining/Living Room: Abt.
16' 11" x 13' 1" (5.16m x 3.99m) A large open plan living space incorporating the kitchen which comprises a good range of eye and base level units with ample roll top work surfaces.
Single drainer stainless steel one and a half bowl sink unit. Built-in ceramic hob, electric oven and extractor hood. Integrated fridge/freezer and washing machine. Tiled splash back area.
Double glazed door to a Juliet balcony. Television point. Two electric radiators. Security entry phone. Laminate flooring. Bedroom One: Abt.
10' 11" x 8' 8" (3.33m x 2.64m) Double glazed window to side. Electric radiator. Telephone point. Television point. Carpet as fitted. Bedroom Two: Abt.
9' 6" x 8' 9" (2.90m x 2.67m) Double glazed window to rear. A range of built-in wardrobes with sliding mirror doors. Television point. Electric radiator. Carpet as fitted.
Bathroom: A white suite comprising panelled bath with mixer tap, shower attachment and glass screen, pedestal wash hand basin and low level WC. Wall mounted electric fan heater.
Tiled splash back area. Communal Gardens: Communal gardens that are mainly laid to lawn. Parking: There is a secure underground car parking space.
Shared Ownership Details: The full market value of this property is £250,000.
If you buy a 25% share, the share purchase price will be £62,475 and the rent will be £601.38 a month plus a management fee of £26.23 a month.
Lease Details: The lease term is 125 years from 19/02/2008 with approximately 108 years remaining.
Ground Rent: £300.00 per annum Service Charge: Approximately £161.26 per month Location and Amenities: 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 facilities as well as a swimming pool, two theatres, a wide variety of restaurants and bars and highly regarded girls and boys schools.
There is also a mainline railway station providing direct access to Kings Cross and Cambridge. Agents Note: Draft details yet to be approved by the vendor and may be subject to change.
Anti-Money Laundering (AML): It is a legal requirement that all purchasers comply with Anti-Money Laundering regulations.
As such, once a purchase has been agreed subject to contract, the purchaser/s will be required to undertake an AML check carried out by our third party provider at a cost of £66 inclusive of VAT per property, payable by the applicant/s.
Value & comps
No previous sales on record.
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 asking
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 Grove Road, Hitchin, SG4
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