2-bedroom flat · HP4 1EZ
Sold STCListed 27 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fabulous opportunity to purchase a two bedroom ground floor apartment requiring full refurbishment and offering an opportunity to make improvements of your own choice, whilst benefitting from a new extended lease and enjoying direct access to communal gardens.
Entry is via a communal hallway leading to a private entrance hall, with a coats cupboard and access to all other areas of the property.
This includes a sitting room with a patio door leading directly to the communal garden and an adjacent kitchen.
There are two bedrooms, the main bedroom has wardrobes and are both conveniently placed for the bathroom. Outside there are communal gardens and there’s generous residents and street parking.
Berkhamsted has a variety of shopping facilities including independent boutiques, bars, restaurants and major shops such as Waitrose and M&S and the recently restored Art Deco Rex cinema.
Berkhamsted is considered a highly desirable commuter town, with excellent transport links by road and rail.
The mainline station provides a regular and direct link to London Euston in a little over 30 minutes.
Major road connections nearby include the M25 (J20) and the M1 (J8), both of which are around 8 miles away.
The A41 dual carriageway runs to the South of the town, providing an excellent connection to Hemel Hempstead, Watford and London.
There is a good range of leisure facilities in the area including walking and riding just minutes away in the surrounding countryside and on the National Trust's 5,000 acre Ashridge Estate while nearby golf courses include Ashridge, Berkhamsted and The Grove.
Lease 999 year lease from 1st February 1976 Ground Rent N/A Service Charge £1,700 P/A Roof reserve £240 P/A Ground Rent £40 P/A Leasehold | Council tax band C | EPC Rating F In line with UK Anti Money Laundering (aml) regulations, we are obligated to verify the identity of all prospective purchasers once an offer has been accepted.
To carry out this process, we use a trusted third-party identity verification system. A nominal fee of £40 per person (inclusive of VAT) applies for this service.
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
Agent & docs
FAQ
About 119, Chiltern Park Avenue, Hertfordshire
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