2 Bed Flat, Single Let, Hitchin, SG5 4EA, £250,000

Regent Street, Stotfold, Hitchin, SG5 4EA - a year ago

BTL
ROI: 1%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£125K - £318K
Sold Prices/m²£2.8K/m² - £25.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£290,418
BMV16%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Total Cash In

£76,200

 

 

Cash Out

 

Rent Range

£950 - £1,375

Rent Estimate

£1,063

Running Costs/mo

£1,014

Cashflow/mo

£49

Cashflow/yr

£590

ROI

1%

Gross Yield

5%

Local Sold Prices

21 sold prices from £125K to £318K, average is £235K. £2.8K/m² to £25.2K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£164K03/210.27 mi18, Hitchin Road, Stotfold, Hitchin, Bedfordshire SG5 4HP2
£235K03/210.57 mi63, Valerian Way, Stotfold, Hitchin, Central Bedfordshire SG5 4ET2
£250K04/211.32 miApartment 22 East Wing, Fairfield Hall, Kingsley Avenue, Fairfield, Hitchin, Central Bedfordshire SG5 4FX2
£295K11/221.32 miApartment 6 East Wing, Fairfield Hall, Kingsley Avenue, Fairfield, Hitchin, Central Bedfordshire SG5 4FX2
£318K06/211.32 miApartment 3 East Wing, Fairfield Hall, Kingsley Avenue, Stotfold, Hitchin, Central Bedfordshire SG5 4FX2
£265K03/211.32 miApartment 92 Hertfordshire Wing, Fairfield Hall, Kingsley Avenue, Stotfold, Hitchin, Central Bedfordshire SG5 4FX2
£285K04/231.32 miApartment 71 Huntingdon Wing, Fairfield Hall, Kingsley Avenue, Fairfield, Hitchin, Central Bedfordshire SG5 4FX2
£230K07/211.33 miApartment 75 Huntingdon Wing, Fairfield Hall, Kingsley Avenue, Fairfield, Hitchin, Central Bedfordshire SG5 4FX2
£282.5K04/211.33 miApartment 143 South Wing, Fairfield Hall, Kingsley Avenue, Stotfold, Hitchin, Central Bedfordshire SG5 4FY2
£245K12/201.33 miApartment 148 Huntingdon Wing, Fairfield Hall, Kingsley Avenue, Fairfield, Hitchin, Central Bedfordshire SG5 4FY2
£270K08/211.34 miApartment 221 South Wing, Fairfield Hall, Kingsley Avenue, Fairfield, Hitchin, Central Bedfordshire SG5 4FZ2
£260K03/211.34 miApartment 67 South Wing, Fairfield Hall, Kingsley Avenue, Stotfold, Hitchin, Central Bedfordshire SG5 4FX2
£125K01/211.5 mi12, Kipling Crescent, Stotfold, Hitchin, Central Bedfordshire SG5 4GY2
£180K03/211.61 mi5, Grove Court, Arlesey, Central Bedfordshire SG15 6UZ2
£175K04/231.61 mi26, Grove Court, Arlesey, Central Bedfordshire SG15 6UZ2
£290K08/231.66 mi65, Heathcliff Avenue, Fairfield, Hitchin, Central Bedfordshire SG5 4EY2
£225K03/221.69 mi28, St Johns Road, Arlesey, Central Bedfordshire SG15 6ST2
£170K05/211.7 mi171, Western Way, Letchworth Garden City, Hertfordshire SG6 4TB2
£142.5K01/221.75 mi9, Lanthony Court, Arlesey, Bedfordshire SG15 6TU2
£150K06/221.75 mi11, Lanthony Court, Arlesey, Central Bedfordshire SG15 6TU2
£153.5K02/221.75 mi7, Lanthony Court, Arlesey, Bedfordshire SG15 6TU2

Local Rents

10 rents from £950/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,25004/240 mi-2
£1,15008/240.08 miUpperstone Close, Stotfold, Hitchin, SG52
£1,35005/240.09 mi-2
£1,37504/250.09 mi-2
£1,05004/250.19 mi-2
£95010/240.24 mi-2
£1,15012/240.28 mi-2
£1,15008/230.28 mi-2
£1,25008/240.28 miThe Green, Stotfold, Hitchin, SG52
£1,35002/250.61 mi-2

Local Area Statistics

Population in SG5

31,306

Population in Hitchin

60,216

Town centre distance

4.91 miles away

Nearest school

0.30 miles away

Nearest train station

1.69 miles away

 

 

Rental demand

Landlord's market

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Price changed to £250,000

December 4, 2024

Listed for £265,000

March 13, 2024

Floor Plans

Description

  • Newly converted apartment +
  • Private entrance +
  • Open plan kitchen/living room +
  • Large main bedroom +
  • Study/bedroom two +
  • Bathroom +
  • Gas central heating +
  • Allocated parking with EV charger +
  • Communal garden and bike/bin store +
  • EPC rating C. Awaiting council tax band +

A newly converted first floor apartment with benefits to include gas central heating, allocated parking, EV charging point, communal garden and communal bike/bin store. Benefitting from its own independent entrance this is a spacious apartment that comprises entrance hall to the ground floor with stairs leading to a bright landing on the first floor. From here you can access the spacious kitchen/living room, main bedroom, study/bedroom two and the cavernous bathroom. This apartment also benefits from a large loft space. For further details and your appointment to view please contact Satchells Stotfold.

Agent Details

Satchells Estate Agents, Stotfold

01462 415716

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪