1-bedroom flat · SG4 0HB
For saleReduced £5k (−2.8%) on 15 OctListed 40 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ground floor flat... 1 double bedroom... Parking available... Within walking distance of train station... Ideal first time buyers property... 160 year lease... Communal garden...
Internal Entrance Hallway Door to side aspect. Full height cupboard housing water tank fitted with shelves. Wall mounted consumer unit. Laminate flooring.
Doors leading to: Lounge/Diner (4.27m x 3.09m (14'0" x 10'1" )) Window to rear aspect. Wall mounted TV unit with shelves. Vertical radiator. Continuation of laminate flooring.
Door leading to: Kitchen (3.28m x 1.76m (10'9" x 5'9" )) Window to rear aspect. White wall and base units with complementary work surface and tiled splash back.
Integrated dish washer, single oven and electric hob. Free standing washing machine and fridge freezer. Single bowl sink with drainer. Continuation of laminate flooring.
Bedroom (3.79m x 3.09m (12'5" x 10'1" )) Two windows to font aspect. Carpet. Bathroom White suite comprising: Half tiled panelled bath with wall mounted shower, flush wc, pedestal wash hand basin.
Heated towel rail, five shelves. Vinyl flooring. External Shared communal garden. Bike shed.
Additional Property Information Leasehold: 160 years remaining EPC: Rating E Council Tax: Band B Service Charge: £106.25 per month Ground Rent: £125.00 per year No Gas Mains utilities Traditional brick and block construction Local Area Hitchin is a beautiful historic market town based in North Hertfordshire, it has outstanding primary schools and secondary schools.
Shopping: Unlike many other towns, Hitchin has a rich diversity of independent businesses.
The town is still able to boast independent food retailers, a wealth of hair and beauty salons and an even greater range of coffee shops and restaurants.
The market itself remains an important part of the town trading four days a week: Tuesday and Saturday, general market, Friday bric-a-brac and collectables.
This property is within a 15 minute walk of the train station, where there are fast trains into London Kings Cross & St Pancras circa 35 mins.
Outdoor Space: Small and large green spaces throughout Hitchin provide a wide variety of open spaces, including Bancroft Gardens, Windmill Hill with panoramic views over the town centre.
The Hitchin Priory, a beautiful 14th Century building set in 19 acres of picturesque gardens.
There is also Hitchin Swimming Centre which offers 2 indoor pools, an Outdoor Pool with Art Deco lido and fitness centre with gym and 3 fitness studios.
Agents Note The apparatus, equipment, fittings and services for this property have not been tested by the agent, all interested parties will need to satisfy themselves as to the condition of any such items or services.
All measurements are approximate and therefore may be subject to a small margin of error.
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 81, Wedgewood Road, Hitchin
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