2-bedroom flat · SG5 4FY
Listing removedListed 124 days · slow let
Opportunity summary
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About
SPACIOUS 2 BEDROOM APARTMENT | OPEN PLAN LOUNGE/KITCHEN | WHITE GOODS INCLUDING DISHWASHER | MASTER BEDROOM WITH EN SUITE | SECOND GOOD SIZED BEDROOM | FAMILY BATHROOM | ALLOCATED PARKING | AVAILABLE UNFUURNISHED The Property - This impressively spacious and well appointed apartment is located on the first floor of the imposing Grade II listed Fairfield Hall, formerly a Victorian hospital which has undergone a high quality conversion to a mansion block of apartments.
A lift takes you from the communal entrance hallways to the first floor and the apartment has the security of an entry-phone system linked to the external front door and the power operated gates at the entrance to the grounds.
The heart of this attractive home is the spacious living room with a raised dais in the large bay window providing a dining or study area and open-plan to the fitted kitchen.
Both bedrooms are doubles with the master bedroom having its own en suite shower room.
The apartment benefits from high ceilings and its own independent central heating system supplied by an electric boiler. The property is available for rent unfurnished.
The Outside - Fairfield Hall forms the centrepiece of a new village built in part of the 253 acre grounds of the Grade II listed former Fairfield Hospital which opened in about 1860.
The village incorporates the mature woodland and shrubs that existed before the development and there are many pleasant walks through the parkland and around the Green and Blue Lagoons.
Automated gates linked to the apartment offer the first layer of security and open to the roadway leading to the parking areas.
A numbered allocated parking space is located in the west car park and there are also spaces for visitors.
The Location - Fairfield Hall is located in the heart of Fairfield, a new village of the borders of Bedfordshire and Hertfordshire.
It is conveniently located only 2.3 miles from Letchworth Garden City town centre and mainline railway station and the same distance from Junction 10 on the A1(M).
Letchworth Garden City is on the Cambridge to London Kings Cross mainline with the fastest service to London Kings Cross taking just 28 minutes and Cambridge 26 minutes away in the other direction.
Fairfield provides a primary school for ages 3 to 9, a range of shops including a convenience store and a health club with a swimming pool, spa, sauna, a fully equipped gymnasium and fitness studios.
The neighbouring village of Stotfold provides a wider range of amenities and the towns of Letchworth Garden City, Hitchin, Baldock, Biggleswade, Royston and Bedford are all within easy reach.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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
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FAQ
About Fairfield Hall , Kingsley Avenue, Fairfield, Hitchin
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