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See how verdicts work1-bedroom house · AL3 7NY
For saleReduced £15k (−7.7%) on 25 OctListed 224 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented ground floor one-bedroom retirement apartment for the over 55s, ideally located just off Redbourn High Street and within easy reach of local shops and amenities.
The light and spacious accommodation includes a generous living room that opens into a modern fitted kitchen.
The kitchen overlooks the communal garden and is fitted with a range of eye and base level units, along with integrated appliances including an oven and hob, washer/dryer, and fridge freezer.
The property further benefits from a good-sized double bedroom with a built-in wardrobe and a contemporary tiled shower room. There is also a useful airing cupboard providing additional storage.
The property enjoys views over the beautiful communal garden, and residents can take advantage of a friendly community atmosphere with regular social activities.
Additional shared facilities include a communal lounge, laundry room, and residents’ car park. This property forms part of a sheltered housing scheme managed by Peabody.
Residents must be aged 55 or over and able to live independently, with support available from an on-site manager.
Additional facilities offer a communal lounge hosting weekly activities, a launderette with washing and drying facilities, and a guest room within the lounge area for overnight visitors.
New Forge Place is conveniently located just off Redbourn High Street, in a village that has proudly earned several awards, including Hertfordshire Village of the Year.
Redbourn offers an excellent range of amenities such as a doctor’s surgery, dentist, hair salon, chemist, and Co-op store.
The village also benefits from easy access to St Albans and Harpenden, both of which provide a wider selection of shops, leisure facilities, and fast rail links into London.
Property Information Tenure: Leasehold Lease: 87 Years Remaining Service Charge: £3,767 per annum Electric Heating, Mains Water, Electricity EPC Rating: D
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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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 New Forge Place, Redbourn, AL3
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