2-bedroom flat · SG15 6UZ
Sold STCListed 106 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SUMMARY *** CHAIN FREE *** Offered to the market is this spacious ground floor apartment situated within walking distance to Arlesey train station.
Well presented throughout including an entrance hall, lounge, kitchen, two bedrooms, bathroom, communal gardens and ample parking/plus visitor bays..
DESCRIPTION Grove Court, Arlesey provides excellent transport links by road or rail to London and the commute by train to King's Cross and St Pancras takes just 38 minutes.
It also has direct access to the A507, A602 and the A1 motorway, making it an ideal choice for first time buyers and commuters.
Arlesey benefits from a good range of amenities including village stores, post offices, medical practice & pharmacy, pubs, restaurant plus beauty salons & barbers.
The larger towns of Hitchin and Letchworth are just a short drive away with plenty to offer including many restaurants, high street stores, cafes, pubs, banks, cinema and leisure centre.
Internal Entrance Hall Entrance door with entry phone system, spot lighting, and wooden effect laminate flooring laid throughout.
Lounge Double glazed window with blind, grey wooden effect laminate flooring laid throughout, and two electric wall radiators fitted.
Kitchen Fitted suite comprising of a selection of grey gloss wall and base units with new wooden effect worktop surround, newly installed electric oven, hob extractor fan, fridge freezer and washing machine, sink-drainer, part-tiled walls and grey laminate flooring laid throughout, and double glazed window with blind.
Bedroom One Double glazed window with blind, grey carpet laid throughout, and electric wall radiator fitted.
Bedroom Two Double glazed window with blind, grey carpet laid throughout, and electric wall radiator fitted.
Bathroom Newly fitted suite comprising of bath-tub with shower-over, WC, wash-hand-basin with cabinet, wooden effect laminate flooring and part-tiled walls laid throughout, double glazed window with blind, and electric wall radiator fitted.
External Garage Garage and visitor parking to the front of the property. Communal Gardens Communal gardens surround the property.
Agent Notes: Tenure: Leasehold Length of lease: 189 years from 24th March 1975 Annual ground rent and service charge combined: £1300 (Vendor advises).
We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
1.
MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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 Grove Court, Arlesey
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