2-bedroom flat · HP1 3AA
For saleListed 258 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Clements Estate agents are pleased to offer to the market this SPACIOUS two bedroom first floor Grade II listed apartment situated in this popular Old Town location.
The property offers an excellent range of features including a good sized lounge with a large Victorian bay window, long lease and the added benefit of No Upper Chain.
The property is currently rented at £895 per month offering a potential yield of around 5%. VIEWING ESSENTIAL!
A spacious character two double bedroom first floor Grade II listed apartment situated in this popular Old Town location close to shops, amenities and transport links.
The property offers an excellent range of features including a good sized lounge with a large Victorian bay window, long lease and the added benefit of No Upper Chain.
The property is currently rented at £895 per month offering a potential yield of around 5%. VIEWING ESSENTIAL! Communal Entrance - Entry phone system with security door.
Stairs leading to the first floor, front door leading to : Entrance Hallway - Doors to all rooms, built in cupboard.
Lounge / Diner - 5.03m x 2.87m (16'6 x 9'5) - A large character room with a large bay window to front, high ceilings, fitted carpet.
Kitchen - 3.10m x 2.01m (10'2 x 6'7) - Comprising a range of wall and floor mounted units with fitted work surfaces, stainless steel sink with drainer, built in oven with electric hob and extractor hood over, plumbing and space for washing machine, space for fridge, part tiled walls.
Master Bedroom - 4.90m x 3.07m max (16'1 x 10'1 max) - A good sized room with a window to front, electric wall mounted heater, fitted carpet.
Bedroom Two - 3.00m x 2.77m (9'10 x 9'1) - Window to side, fitted carpet, wall mounted electric heater.
Bathroom - Comprising a panel enclosed bath with mixer taps and a wall mounted shower and fitted shower screen, pedestal wash hand basin, low level WC, part tiled walls. Outside -
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
Agent & docs
FAQ
About Old Town, Hemel Hempstead HP1
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