1-bedroom flat · SG5 1EN
Listing removedListed 71 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***town centre location*** A beautifully presented one-bedroom apartment with a private south-facing balcony, ideally situated in the heart of Hitchin town centre.
Built in 2015, The Grange is an exclusive development of just eleven apartments, enjoying attractive views over the historic Hermitage Road and Portmill Lane.
The building benefits from a secure intercom entry system and lift access to all floors. The apartment itself is offered in excellent condition throughout and is ready to move straight into.
Upon entering, a welcoming hallway provides access to a useful storage cupboard and leads through to the impressive open-plan kitchen/living space.
The modern kitchen is fitted with a range of wall and base units and benefits from integrated appliances including a fridge/freezer, oven, induction hob, and chimney-style extractor hood.
The bright and spacious living area enjoys direct access to the private south-facing balcony, creating an ideal space for relaxing or entertaining.
The generous double bedroom features a built-in wardrobe and also benefits from direct access to the balcony.
Completing the accommodation is a contemporary three-piece bathroom suite comprising a panelled bath with shower over, pedestal wash hand basin, and low-level WC.
Further benefits include gas central heating and double glazing throughout.
Hitchin is renowned for its vibrant atmosphere, offering an excellent selection of independent shops, restaurants, cafés, bars, and leisure facilities.
The town is also well connected, with direct rail services to London, Cambridge, and Peterborough, as well as convenient access to the A1(M).
An ideal first-time purchase, investment opportunity, or town centre home, early viewing is highly recommended.
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
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FAQ
About Apartment 1, The Grange,, Portmill Lane, Hertfordshire
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