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See how verdicts work1-bedroom flat · HP4 2NZ
Sold STCListed 49 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Service charge (For Leasehold tenure): £1700 per year. Why buy this home?
If you have been searching for an affordable way to step onto the property ladder in Berkhamsted, an investment opportunity, or simply a well located home of your own, this one bedroom apartment deserves your attention.
Offered to the market chain free.
Representing exceptional value for Berkhamsted, this recently redecorated ground floor apartment combines an accessible price point with something you might not expect at this level of the market: Views across the Grand Union Canal.
Step inside and the apartment feels bright, simple and ready to make your own.
Having recently been redecorated, there is a fresh feel throughout and very little for the new owner to do other than unpack and settle in.
The heart of the home is the impressive open plan reception room.
It is a space that works equally well for quiet evenings at home, entertaining friends or working from the dining table, but it is the outlook that really gives the room its character.
Beyond the windows, the Grand Union Canal provides an ever changing backdrop.
Colourful narrow boats pass by, wildlife gathers along the water and the canal brings a sense of calm that feels surprisingly removed from the convenience of the town centre nearby.
The bedroom provides a comfortable retreat away from the main living space, while the ground floor position makes the apartment particularly easy to access.
Parking is available within the car park serving the block.
Although there is no individual parking bay specifically allocated to the apartment, spaces are provided for residents of the building and the current owner advises that parking has never presented a problem.
For buyers keeping a close eye on ongoing costs, the property also benefits from a 150 year lease, a service charge of approximately £1,700 per annum and peppercorn ground rent of £0.
The location One of the real advantages of this apartment is just how much of Berkhamsted can be enjoyed on foot.
The vibrant High Street is only a short walk away and offers an eclectic mix of independent shops, restaurants, wine bars and traditional public houses, alongside Waitrose, M&S and Tesco supermarkets.
Berkhamsted's mainline railway station is also within walking distance, with services to London Euston taking as little as approximately 34 minutes, making the town an excellent option for commuters looking to combine convenient access to London with a more relaxed lifestyle.
The town is surrounded by beautiful countryside on the edge of the Chiltern Hills, including the National Trust administered Ashridge Estate, while the Grand Union Canal runs through the heart of Berkhamsted itself.
There are a number of well regarded schools for children of all ages across both the state and independent sectors, while the A41 bypass provides excellent connections to the M25 and M1.
Luton Airport is approximately 17 miles away and Heathrow Airport approximately 27 miles away.
For a first time buyer, investor, commuter or someone simply looking for an affordable base in one of Hertfordshire's most desirable towns, this is an opportunity that is difficult to ignore.
Important Notice General: While we strive to provide sales particulars that are fair, accurate and reliable, please be aware that they serve as a general guide to the property.
Therefore, if there is any aspect of particular importance to you, we kindly request that you contact our office.
We will be delighted to verify the details, especially if you plan to travel a significant distance to view the property.
Measurements: The measurements provided are intended for guidance purposes only and should not be regarded as precise.
Services: It is essential to note that we have not conducted tests on the services or any of the equipment or appliances within this property.
Consequently, we strongly recommend that prospective buyers arrange for their independent survey or service reports before finalising their offer to purchase.
Disclaimer: These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
Any matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither Akeman Residential Limited nor any of its employees or agents holds authority to make or provide any representation or warranty concerning this property.
Property additional info Lounge: 18' 1" x 9' 6" (5.51m x 2.90m) Kitchen: 12' 6" x 6' 7" (3.81m x 2.01m) Bedroom: 12' 6" x 12' 6" (3.81m x 3.81m)
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
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FAQ
About 18, Old Mill Gardens, Berkhamsted
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