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See how verdicts work1-bedroom flat · SG6 3DU
For saleListed 221 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautifully presented and spacious, one bedroom apartment, conveniently located for access to the Town Centre and train station. For all enquiries, please quote reference GM0074.
Built in 2018, this modern apartment, offered for sale with no upper chain, is located on the first floor and accessed via a security coded, communal entrance.
The front door of the apartment opens to a spacious entrance hall which has large utility cupboard which houses the electric boiler and has space for a washing machine/dryer.
There is engineered oak flooring, that continues through to the open plan kitchen/dining/sitting room. The kitchen has a range of fitted wall and base level units with quartz worktops over.
Integrated appliances include an induction hob with an oven below, a fridge/freezer, a dishwasher and a microwave. The sitting room has a large bay window to the side aspect.
The double bedroom has fitted wardrobes and a Juliet balcony to the side aspect. The bathroom comprises a fitted bath with a shower over, a wash basin, a WC and a heated towel rail.
Both the sitting room and the bedroom areas have underfloor heating. *** Please note, the property does not come with allocated parking.
Parking permits, currently £700 per year, are available for a multi-storey carpark, just a short walking distance away *** The property has 161 years remaining on the lease and is subject to an annual service charge of £1000 and a ground ret of £100
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
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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.
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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 Drey House,Flat 10, Gernon Road, Letchworth Garden City
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