1-bedroom flat · SG4 8YY
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
First floor retirement apartment offered chain free and set in this attractive modern purpose built complex with landscaped communal gardens.
The apartment is conveniently situated being moments away from the facilities of the village High Street offering every day needs including convenience store, Post Office, pharmacy, bakery, butchers, eateries, hairdressers, dry cleaners, St.
Giles Church and local bus routes to surrounding towns and villages including Welwyn Garden City and Hitchin.
The accommodation comprises a bright open plan kitchen, attractive lounge overlooking the gardens, good size bedroom with fitted wardrobes and shower room.
Benefits include night storage heating and secure entry system, walk in extra storage cupboard, communal laundry room, lift to all floors, residents lounge with kitchenette and a welcoming conservatory guest room available upon request.
Viewing highly recommended.i Main Entrance: Secure entry system, stairs and lift to all floors, communal laundry room.
Entrance Hall: Spacious hallway with the advantage of an extra walk in storage cupboard, airing cupboard housing hot water tank, meters and fuse box with storage space and shelving, doors leading to: Large Lounge: Feature fireplace with ornamental surround, window overlooking the rear garden, wall mounted radiator, wall lights, t.v.
Point, power points, leading to: Open Plan Kitchen: Comprising a range of fitted wall and base units with work surfaces over, electric oven and hob, stainless steel sink unit with mixer tap, fridge/freezer, power points, part tiled walls, non slip flooring.
Bedroom: A bright room overlooking the rear garden, one wall of fitted mirror fronted wardrobes, wall mounted radiator, wall lights, power points.
Shower Room: Walk in shower with Triton power shower and hand rail, glazed screen, pedestal wash hand basin with vanity cupboard beneath and mirror over, low level w.c., heated towel rail, tiled walls.
Communal Gardens: Well presented landscaped gardens manly laid to lawn with an abundance of shrubs, flower beds and mature trees. There is a well stocked ornamental fish pond and many seating areas.
Visitor parking and path leading from the building to a security gated entrance to the village High Street.
Communal Area: There is the added advantage of being able to use the communal residents lounge with kitchen area and conservatory.
Material Information Part A Council Tax Band: C Leasehold Lenth of Lease: Ground Rent £: 302.39 When is it payable?: Half yearly Expected to Increase: No Service Charges: 6220.08 When is it payable?: Per annum Part B Type: Flat Physical Characteristics: Retirement flat Construction Type: Brick Rec Rooms: 1 Bedrooms: 1 Bathrooms: 1 Kitchens: 1 Parking: Off Street Mobile Signal: Okay Are the following Services connected: Electricity Yes Renewable / Batteries No Gas No Water Yes Telephone Yes Broadband Yes Drainage Yes Does the property have Central Heating Yes What Fuel does it use: Electric Part C Are there any known safety issues: No If Yes What: Has the property been adapted for accessibility: Is the property in a Conservation area: No Is the property a listed building: No Are there any planning applications, which of approved would affect the property: No Is the access road made up and adopted: Yes Is the property affected by any rights of way: Are there any proposals or disputes which affect the property (either with an individual or public body): No Are there any shared or communal facilities: Yes Are there any covenants affecting the property: Are there any preservation orders affect the property: Has the property been extended: No Was planning permission granted: Did it comply with Building Regs: Copies of the planning permission available: What was the date of the extension: Have you carried out any alteration to the property: Yes Is there any coastal erosion risk: No Has there been any mining in the area: No Has Japanese Knotweed ever been identified at the property or adjoining land: No Other: To your knowledge is there anything else that has occurred at the property that would affect the transactional decision of the average buyer: No Are there any material issues with the property that any potential should be aware of: No what3words /// clip.ants.bath Notice Please note we have not tested any apparatus, fixtures, fittings, or services.
Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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.
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About 16 Pond Court, The Ridgeway, Hitchin
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