2-bedroom house · AL5 5FA
Listing removedReduced £27.5k (−9.4%) on 20 JunListed 261 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A wonderful opportunity to purchase a luxury two bedroomed first floor apartment for the aged 55’s and over under Housing 21's shared ownership scheme.
The development is on the East side of Harpenden close to local bus services with the High Street just over a mile away.
The apartment is situated at the front of the block with views across Katherine Warrington School and the Lower Luton Road.
Lea Springs offers a range of facilities including communal lounge, hair salon and restaurant.
The development offers a lift to all floors, 24/7 careline, communal laundry facility, secure entry door system, guest suite and onsite parking.
The accommodation briefly comprises: Entrance hall, living room with dual aspect windows, kitchen, two bedrooms, wet room. Under floor heating and double glazing. No upper chain.
The price quoted is for 75% ownership Service Charge – currently £401.44 per month (service charge £349.27, support charge £30.97, gas & water charge £21.20) Ground Rent - £150 per annum Lease – 125 years from 1/1/2014 – 113 years remain Council Tax Band - D .
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 18 Lea Springs, Lower Luton Road, Harpenden
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