2 Bed Flat, Single Let, Hatfield, AL10 9GP, £230,995

Richard Street, Tiverton House, Hatfield, AL10 9GP - 1 views - 9 months ago

Leasehold

BTL

ROI: 6%

~60 m²

+4 photos

ValuationUndervalued

Sold Prices	£235K - £965K
Sold Prices/m²	£4.5K/m² - £8.7K/m²

Square Metres	~59.80 m²
Price/m²	£3.9K/m²
Value Estimate	£288,744£288,744
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£57,749£57,749
Stamp Duty & Legal Fees	£12,750£12,750
Total Cash In	£70,499£70,499

Cash Out
Rent Range	£1,175 - £1,900£1,175 - £1,900
Rent Estimate	£1,350
Running Costs/mo	£1,012£1,012
Cashflow/mo	£338£338
Cashflow/yr	£4,058£4,058
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

29 sold prices from £235K to £965K, average is £310K. £4.5K/m² to £8.7K/m², average is £5.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£235K	07/21	0.11 mi	59, Frobisher Road, St Albans, Hertfordshire AL1 5AH	-	-	2	Flat
£290K	01/23	0.18 mi	5, Buttermere Close, St Albans, Hertfordshire AL1 5TD	£5,088	57	2	Flat
£400K	01/21	0.36 mi	Ground Floor Flat, 27, Cambridge Road, St Albans, Hertfordshire AL1 5LD	-	-	2	Flat
£430K	12/20	0.54 mi	Flat 12, Lansdowne Place, London Road, St. Albans, Hertfordshire AL1 1LT	-	-	2	Flat
£440K	01/23	0.55 mi	Flat 11, Lansdowne Place, London Road, St Albans, Hertfordshire AL1 1LT	£5,641	78	2	Flat
£350K	06/21	0.55 mi	Flat 11, Mistral Court, Bakers Close, St Albans, Hertfordshire AL1 5FH	-	-	2	Flat
£378K	05/21	0.56 mi	Flat 4, St. James Court, Park View Close, St. Albans, Hertfordshire AL1 5TL	-	-	2	Flat
£515K	04/23	0.57 mi	Apartment 9, Old Mile House Court, St Albans, Hertfordshire AL1 1AR	-	-	2	Flat
£300K	10/22	0.62 mi	11, Cedarwood Drive, St Albans, Hertfordshire AL4 0DX	£5,907	51	2	Flat
£965K	03/21	0.63 mi	2, Mile House Lane, St. Albans, Hertfordshire AL1 1TB	£8,694	111	2	Flat
£285K	11/23	0.65 mi	72, Cedarwood Drive, St Albans, Hertfordshire AL4 0DW	£5,584	51	2	Flat
£287K	06/21	0.65 mi	68, Cedarwood Drive, St. Albans, Hertfordshire AL4 0DW	£5,627	51	2	Flat
£299.5K	12/20	0.66 mi	39, Abbots Park, St. Albans, Hertfordshire AL1 1TW	£5,990	50	2	Flat
£304.5K	08/21	0.66 mi	20, Abbots Park, St. Albans, Hertfordshire AL1 1TW	£5,717	53	2	Flat
£235K	04/23	0.66 mi	42, Cedar Court, St Albans, Hertfordshire AL4 0DL	£4,519	52	2	Flat
£287.5K	10/21	0.66 mi	27, Cedar Court, St. Albans, Hertfordshire AL4 0DL	-	-	2	Flat
£240K	06/23	0.66 mi	28, Cedar Court, St Albans, Hertfordshire AL4 0DL	£4,615	52	2	Flat
£267K	06/21	0.66 mi	38, Cedar Court, St. Albans, Hertfordshire AL4 0DL	£5,038	53	2	Flat
£237.5K	12/20	0.66 mi	49, Cedar Court, St Albans, Hertfordshire AL4 0DL	£4,948	48	2	Flat
£400.5K	01/23	0.83 mi	14, Kenton Gardens, St Albans, Hertfordshire AL1 1JS	£7,152	56	2	Flat
£308.5K	10/20	0.86 mi	4, Camp Road, St. Albans, Hertfordshire AL1 5DY	£5,198	59	2	Flat
£462.5K	05/23	0.93 mi	51, Stanhope Road, St Albans, Hertfordshire AL1 5BJ	£5,378	86	2	Flat
£440K	12/22	0.94 mi	Flat 4, De Novo Place, Granville Road, St Albans, Hertfordshire AL1 5BP	-	-	2	Flat
£340K	12/20	0.97 mi	83, Hazelwood Drive, St. Albans, Hertfordshire AL4 0UY	£4,885	70	2	Flat
£312K	01/23	0.98 mi	10, Rowan Close, St Albans, Hertfordshire AL4 0ST	£4,727	66	2	Flat
£310K	07/21	0.99 mi	Flat 4, The Maples, Granville Road, St Albans, Hertfordshire AL1 5BU	-	-	2	Flat
£310K	01/21	0.99 mi	27, Cranbrook Drive, St Albans, Hertfordshire AL4 0SR	£4,697	66	2	Flat
£310K	10/20	0.99 mi	23, Cranbrook Drive, St Albans, Hertfordshire AL4 0SR	£4,697	66	2	Flat
£310K	10/20	0.99 mi	23, Cranbrook Drive, St Albans, Hertfordshire AL4 0SR	£4,697	66	2	Flat

Local Rents

20 rents from £1.2K/mo to £1.9K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,350	12/24	0 mi	Richard Street, Tiverton House, Hatfield	2	Flat
£1,350	12/24	0 mi	Richard Street , Hatfield , Hertfordshire	2	Flat
£1,795	12/24	0.28 mi	Camp Road, St. Albans, Hertfordshire, AL1 5NE	2	Terraced House
£1,395	12/24	0.38 mi	Haig Close, St Albans, AL1	2	Flat
£1,750	04/25	0.41 mi	-	2	Terraced House
£1,600	12/24	0.43 mi	Camp View Road, St. Albans, Hertfordshire, AL1 5LL1	2	Flat
£1,600	12/24	0.46 mi	Sutton Road, St. Albans, Hertfordshire, AL1	2	Flat
£1,800	12/24	0.47 mi	-	2	Flat
£1,900	04/25	0.47 mi	-	2	Flat
£1,400	01/25	0.47 mi	-	2	Flat
£1,775	02/24	0.48 mi	-	2	Flat
£1,850	12/24	0.52 mi	Longacres, St. Albans	2	Flat
£1,750	12/24	0.52 mi	Sutton Road, St. Albans, AL1	2	Flat
£1,175	12/24	0.53 mi	Castle Road, St Albans, AL1	2	Flat
£1,650	12/24	0.54 mi	Pine Ridge, St Albans, AL1	2	Flat
£1,650	12/24	0.54 mi	-	2	Flat
£1,450	12/24	0.54 mi	London Road, St Albans, AL1	2	Flat
£1,750	12/24	0.55 mi	Bakers Close, St Albans	2	Flat
£1,400	12/24	0.55 mi	Bakers Close, St Albans, AL1	2	Flat
£1,600	12/24	0.61 mi	Park View Close, St Albans	2	Flat

Local Area Statistics

Population in AL10	35,25935,259
Population in Hatfield	45,99845,998
Town centre distance	3.52 miles away3.52 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	4.10 miles away4.10 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+26%+26%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+13%+13%

Property History

Price changed to £230,995

March 20, 2025

Price changed to £234,995

February 28, 2025

Listed for £239,995

July 26, 2024

Floor Plans

Description

Strats Estates and Lettings are delighted to offer for sale this Leasehold two bedroom flat located in Richard Street, Hatfield AL10.

The property is ideally situated close to Hatfield University, the Galleria local shops and transport facilities and local amenities. The property provides an excellent Investment opportunity and is an ideal purchase for an investment buyer. The property is currently let until September 2025 at £1350.00 pcm.

Double glazed throughout and fully gas centrally heated.

Comprises:
Entrance Hallway
Benefits from an entry phone and three large storage cupboards.

Living Room – Spacious living room with double glazed door.

Bedroom 1 - Double.

Bedroom 2 - Double.

Kitchen
Fitted wall and base units – tiling to work surfaces – gas hob – integrated electric oven – extractor hood – one and a half bowl stainless steel sink unit – washer dryer – fridge freezer.

Bathroom
Three-piece bathroom suite – pedestal wash basin – low level WC –partly tiled – fitted shower unit over bath.

Leasehold 981years remaining.

Agent Details

Strats Estates & Lettings, Hatfield

01707 262737

Next Steps?

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

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2 Bed Flat, Single Let, Hatfield, AL10 9GP, £230,995

ValuationUndervalued

CashflowsOpen in Analyser

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Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents