2-bedroom flat · SG5 4ET
Sold STCListed 113 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented two double bedroom, two bathroom first floor apartment overlooking open countryside, set within the highly regarded Greenacre development in Stotfold.
Offered for sale with no onward chain, the property benefits from exceptionally low annual service charges of just £775.08 per annum, together with a low ground rent of £250 per annum that will not increase over the lifetime of the lease.
Positioned within a small block of just five apartments, the property offers approximately 693 sq ft of well proportioned accommodation.
Flooded with natural light thanks to its dual aspect design and large sash style windows, the impressive kitchen, dining and living room measures just under eight metres in length, providing ample space for both seating and dining areas.
The kitchen is fitted with a generous range of cupboards and includes an integrated fridge freezer, washing machine, gas hob and oven.
The principal bedroom benefits from double sliding wardrobes and a modern ensuite shower room, while the second bedroom is also a comfortable double.
There are two excellent sized storage cupboards together with a separate family bathroom. Both the ensuite and family bathroom benefit from natural light and ventilation via windows.
Further benefits include uPVC double glazed sash style windows, gas central heating, a secure entry phone system, one allocated parking space to the rear of the development and plenty of unrestricted on street parking immediately to the front.
The Location The Greenacre development has become one of Stotfold's most sought after modern neighbourhoods, offering an excellent balance of convenience and green open space.
Within easy reach are local play areas, countryside walks and the Greenacre Centre, home to the town's library and a range of community facilities.
Stotfold itself offers an excellent selection of everyday amenities including supermarkets, independent shops, cafés, pubs, highly regarded schools, a doctors' surgery and leisure facilities.
The historic Stotfold Watermill and adjoining nature reserve provide picturesque walks along the River Ivel, while commuters are well served by Junction 10 of the A1(M).
Arlesey railway station is approximately a six minute drive away according to Google Maps, providing regular services into London St Pancras.
A bus stop is conveniently located directly outside the development, offering services to Stotfold, Arlesey and Letchworth Garden City.
Lease Information The ongoing costs are particularly attractive, with service charges of just £775.08 per annum.
The lease has approximately 107 years remaining, while the ground rent is £250 per annum that will not increase over the lifetime of the lease.
Buyer Information In line with UK Anti-Money Laundering regulations, M A S O N S is required to verify the identity of all prospective buyers once an offer is accepted.
We use a trusted third-party Identity Verification system to complete these checks. A fee of £50 including VAT is payable for this service.
Value & comps
No previous sales on record.
Returns
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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 Valerian Way, Stotfold, Hitchin, Hertfordshire, SG5 4ET
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