2 Bed Flat, Single Let, Hitchin, SG4 9SE, £235,000

10 Garrison Court, Hitchin, Hertfordshire, SG4 9SE - 4 views - 9 months ago

Sold STC
Leasehold
BTL
ROI: 2%
98 m²
+7 photos

ValuationUndervalued

Sold Prices£126K - £825K
Sold Prices/m²£2K/m² - £16.2K/m²

 

 

Square Metres

98.47 m²
Price/m²£2.4K/m²

Value Estimate

£282,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£8,250

Total Cash In

£67,000

 

 

Cash Out

 

Rent Range

£1,075 - £1,700

Rent Estimate

£1,106

Running Costs/mo

£976

Cashflow/mo

£130

Cashflow/yr

£1,565

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £126K to £825K, average is £275K. £2K/m² to £16.2K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£230K11/200.03 mi47, Garrison Court, Hitchin, Hertfordshire SG4 9AA2
£200K02/210.03 mi39, Garrison Court, Hitchin, Hertfordshire SG4 9AA2
£305K11/210.16 mi27, William Ransom Way, Hitchin, Hertfordshire SG5 1QX2
£300K12/200.16 mi30, William Ransom Way, Hitchin, Hertfordshire SG5 1QX2
£292K06/230.21 mi51, Peppermint Road, Hitchin, Hertfordshire SG5 1RY2
£295K01/230.22 mi21, Peppermint Road, Hitchin, Hertfordshire SG5 1RY2
£297.3K11/200.23 miApartment 2, Caldicott Court, Harrison Close, Hitchin, Hertfordshire SG4 9SL2
£370K02/230.23 miApartment 5, Caldicott Court, Harrison Close, Hitchin, Hertfordshire SG4 9SL2
£275K03/210.23 miApartment 16, Caldicott Court, Harrison Close, Hitchin, Hertfordshire SG4 9SL2
£235K06/210.25 miFlat 21, Harrison Court, Harrison Close, Hitchin, Hertfordshire SG4 9SG2
£300K06/210.25 miFlat 9, Harrison Court, Harrison Close, Hitchin, Hertfordshire SG4 9SG2
£291K11/220.25 miFlat 19, Harrison Court, Harrison Close, Hitchin, Hertfordshire SG4 9SG2
£336K10/220.27 miFlat 12, Hazel Court, The Avenue, Hitchin, Hertfordshire SG4 9SJ2
£325K03/230.27 miFlat 4, Hazel Court, The Avenue, Hitchin, Hertfordshire SG4 9SJ2
£387.5K06/210.28 mi94a, Tilehouse Street, Hitchin, Hertfordshire SG5 2DW2
£590K03/210.29 mi1a, The Avenue, Hitchin, Hertfordshire SG4 9RG2
£825K06/210.35 mi21a, Verulam Road, Hitchin, Hertfordshire SG5 1QE2
£212.7K11/200.37 mi29, Wratten Road East, Hitchin, Hertfordshire SG5 2AS2
£280K02/230.37 mi24, Wratten Road East, Hitchin, Hertfordshire SG5 2AS2
£290K05/210.38 miFlat 30, Starlings Bridge, Nightingale Road, Hitchin, Hertfordshire SG5 1QW2
£257K04/210.38 miFlat 5, Starlings Bridge, Nightingale Road, Hitchin, Hertfordshire SG5 1QW2
£285K01/210.38 miFlat 36, Starlings Bridge, Nightingale Road, Hitchin, Hertfordshire SG5 1QW2
£275K08/210.38 miFlat 6, Starlings Bridge, Nightingale Road, Hitchin, Hertfordshire SG5 1QW2
£275.6K02/230.38 miFlat 8, Starlings Bridge, Nightingale Road, Hitchin, Hertfordshire SG5 1QW2
£270K09/220.4 mi9, Wedmore Road, Hitchin, Hertfordshire SG4 9JH2
£126K04/230.41 mi20, Capswell Court, Hitchin, Hertfordshire SG5 1ET2
£265K06/230.42 miFlat 32, Maples Court, Bedford Road, Hitchin, Hertfordshire SG5 1HF2
£255K05/230.46 miFlat 59, Sanders Place, Walsworth Road, Hitchin, Hertfordshire SG4 9SY2
£267K06/230.46 miFlat 24, Sanders Place, Walsworth Road, Hitchin, Hertfordshire SG4 9SY2
£275K02/230.46 mi6, The Maples, Hitchin, Hertfordshire SG4 9HA2
£240K05/230.46 mi19, The Maples, Hitchin, Hertfordshire SG4 9HA2
£225K05/210.49 mi59, Sunnyside Road, Hitchin, Hertfordshire SG4 9JQ2
£250K03/210.57 mi23, Grays Lane, Hitchin, Hertfordshire SG5 2HH2
£295K01/210.64 mi3, Tudor Court, Hitchin, Hertfordshire SG5 2BE2
£315K07/230.65 mi26, Tudor Court, Hitchin, Hertfordshire SG5 2BE2
£280K10/210.65 mi46, Tudor Court, Hitchin, Hertfordshire SG5 2BE2
£270K03/210.65 mi18, Tudor Court, Hitchin, Hertfordshire SG5 2BE2
£285K10/200.65 mi40, Tudor Court, Hitchin, Hertfordshire SG5 2BE2
£288K07/230.65 mi1, Tudor Court, Hitchin, Hertfordshire SG5 2BE2
£225K11/210.66 miFlat 29, Sharps Court, Cooks Way, Hitchin, Hertfordshire SG4 0JG2
£162K03/210.66 miFlat 46, Sharps Court, Cooks Way, Hitchin, Hertfordshire SG4 0JG2
£207K11/200.66 miFlat 36, Sharps Court, Cooks Way, Hitchin, Hertfordshire SG4 0JG2
£222.5K01/210.66 miFlat 5, Sharps Court, Cooks Way, Hitchin, Hertfordshire SG4 0JG2
£221K04/210.66 miFlat 38, Sharps Court, Cooks Way, Hitchin, Hertfordshire SG4 0JG2
£230K07/210.68 mi67, Lancaster Avenue, Hitchin, Hertfordshire SG5 1PA2
£220K04/210.68 mi63, Lancaster Avenue, Hitchin, Hertfordshire SG5 1PA2
£215K09/200.71 mi40, Wedgewood Road, Hitchin, Hertfordshire SG4 0EX2
£200K09/220.71 mi6, Holdbrook, Hitchin, Hertfordshire SG4 9QW2
£293K11/220.73 mi14, Bramfield, Hitchin, Hertfordshire SG4 9QA2
£245K01/230.74 mi61, Wedgewood Road, Hitchin, Hertfordshire SG4 0HB2

Local Rents

50 rents from £1.1K/mo to £1.7K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,37508/240.04 miQueen Street, Hitchin, SG42
£1,25008/240.04 miGarrison Court, Hitchin, SG42
£1,39502/250.04 mi-2
£1,50008/240.14 miSt Andrews Place, Hitchin, SG42
£1,37512/240.15 miWhinbush Road, HITCHIN2
£1,39508/240.16 miWhinbush Road, Hitchin, SG52
£1,10008/240.17 miChurchyard, Hitchin, SG52
£1,40012/240.18 mi-2
£1,30008/240.21 miPeppermint Road, HITCHIN, SG52
£1,40012/240.21 miPeppermint Road, HITCHIN2
£1,50012/240.21 miPeppermint Road, SG52
£1,45012/240.22 miPeppermint Road, Hitchin2
£1,30008/240.23 miBancroft, Hitchin, SG52
£1,40012/240.23 miCoopers Yard, Paynes Park, Hitchin2
£1,37512/240.23 miCoopers Yard, Paynes Park, Hitchin2
£1,25008/240.24 miBucklersbury, Hitchin, SG52
£1,40008/240.28 miPaynes Park, Hitchin, SG52
£1,50012/240.28 miPaynes Park, Hitchin, SG52
£1,30008/240.3 miTilehouse Street, Hitchin, SG52
£1,70012/240.3 mi-2
£1,70002/250.3 mi-2
£1,65002/240.3 mi-2
£1,20008/240.3 miKempe Mews, Tilehouse Street, Hitchin, SG52
£1,50008/240.31 miPaynes Park, HITCHIN, SG52
£1,30001/250.31 mi-2
£1,20008/240.33 miTilehouse Street, Hitchin, SG52
£1,30008/240.33 mi-2
£1,25008/240.34 miBancroft, Hitchin, SG52
£1,60008/240.37 miRadcliffe Road, Hitchin, SG52
£1,10008/240.37 miPark Close, Wratten Road East, Hitchin2
£1,50008/240.4 miNightingale Road2
£1,39508/240.4 miVerulam Road, Hitchin, SG52
£1,20008/240.41 miSt Annes Road, Hitchin, SG52
£1,65002/240.42 mi-2
£1,07503/250.43 mi-2
£1,16502/240.43 mi-2
£1,20002/240.43 mi-2
£1,20008/240.43 miLatchmore Close, Hitchin, Hitchin, SG42
£1,29508/240.44 mi-2
£1,15008/240.44 miWalsworth Road, Hitchin, Hertfordshire, SG42
£1,35003/250.44 mi-2
£1,45002/250.44 mi-2
£1,20008/240.45 miFishponds Road, Hitchin, SG52
£1,30012/240.45 miSanders Place, Walsworth Road, Hitchin2
£1,35012/240.46 miSanders Place, Walsworth Road, Hitchin, SG42
£1,25008/240.46 miNightingale Road, Hitchin, SG52
£1,32501/250.49 mi-2
£1,50003/250.49 mi-2
£1,30012/240.5 miLyon Court, Walsworth Road, Hitchin, SG42
£1,45012/240.5 miLyon Court, Walsworth Road, Hitchin, SG42

Local Area Statistics

Population in SG4

28,864

Population in Hitchin

60,216

Town centre distance

0.32 miles away

Nearest school

0.10 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £235,000

June 27, 2024

Sold for £192,500

2016

Sold for £102,000

2005

Floor Plans

Description

  • First floor apartment +
  • Two bedrooms +
  • Lounge with bay window +
  • Kitchen +
  • Refitted bathroom +
  • Permit parking available +
  • Lease term remaining 93 years +
  • Service charge approx. £1023 per annum +
  • Ground rent £200 per annum +
  • Awaiting EPC - council tax - B +

A first floor apartment conveniently located within a popular art deco development in the heart of the town centre and approximately 0.7 mile from Hitchins mainline railway station. This delightful apartment comprises entrance hall, a light and airy lounge with bay window, separate kitchen, two bedrooms and a refitted bathroom. Externally are well-maintained communal grounds and permit parking is available at a cost of £83 per annum. Further benefits include a security entry system, double glazing and gas central heating.

Agent Details

Satchells Estate Agents, Hitchin

01462 416610

Next Steps?

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