2-bedroom house · SG5 2DW
For saleListed 44 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A barn conversion with allocated parking for one car in the town centre of Hitchin.
The barn was converted in 2007 into a two bedroom cottage with one ground floor bedroom with an en suite shower room and a first floor bedroom with an en suite bathroom.
The porch has a cloakroom and built-in storage and leads into the open plan over 39 ft. sitting/dining room which has a high vaulted ceiling and exposed beams.
The sitting/dining room has doors to the kitchen and the main bedroom, and stairs to the first floor bedroom, and a mezzanine. The property is situated in a gated, block paved courtyard.
There is a required contribution from the owners of 6A of approximately £40 per year for maintenance of the gates. The allocated parking space is in the front of the barn.
The barn is in the curtilage of 6 Tilehouse Street which is a listed building and it is in the conservation area.
Reception Rooms and Kitchen The open plan sitting/dining room has oak flooring throughout and oak staircases at either end.
One staircase leads to a landing with a door to the first floor bedroom. The other oak staircase in the dining area leads to a mezzanine over the kitchen which is used as a study.
The kitchen is fully fitted with a range of built-in units with complementary splashbacks and work surfaces incorporating a breakfast bar, and a one and a half bowl sink and drainer set under a window to the front.
Integrated appliances include an electric oven, a gas hob with an extractor over, a mircrowave, a fridge and dishwasher.
Situation and Schooling The property is within a mile of the station, and a range of shops, restaurants, public houses, theatres and leisure facilities are within walking distance.
It is also within walking distance of Hitchin Boys' School and Hitchin Girls' Schools as well as Samuel Lucas Primary School, all of which are highly rated by Ofsted.
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 Tilehouse Street, Hitchin, Hertfordshire, SG5
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