2 Bed Flat, Single Let, Hitchin, SG5 2DE, £595,000

Queen Street, HITCHIN, SG5 2DE - 1 views - 5 months ago

Leasehold
BTL
~68 m²
+12 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£8.7K/m²

Value Estimate

£296,135

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£148,750

Stamp Duty & Legal Fees

£36,300

Total Cash In

£185,050

 

 

Cash Out

 

Rent Range

£1,075 - £1,700

Rent Estimate

£1,100

Running Costs/mo

£2,099

Cashflow/mo

£-999

Cashflow/yr

£-11,992

Gross Yield

2%

Local Sold Prices

50 sold prices from £126K to £825K, average is £272.5K. £2K/m² to £16.2K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£387.5K06/210.12 mi94a, Tilehouse Street, Hitchin, Hertfordshire SG5 2DW2
£230K11/200.23 mi47, Garrison Court, Hitchin, Hertfordshire SG4 9AA2
£200K02/210.23 mi39, Garrison Court, Hitchin, Hertfordshire SG4 9AA2
£212.7K11/200.23 mi29, Wratten Road East, Hitchin, Hertfordshire SG5 2AS2
£280K02/230.23 mi24, Wratten Road East, Hitchin, Hertfordshire SG5 2AS2
£305K11/210.33 mi27, William Ransom Way, Hitchin, Hertfordshire SG5 1QX2
£300K12/200.33 mi30, William Ransom Way, Hitchin, Hertfordshire SG5 1QX2
£240K05/230.38 mi19, The Maples, Hitchin, Hertfordshire SG4 9HA2
£275K02/230.38 mi6, The Maples, Hitchin, Hertfordshire SG4 9HA2
£292K06/230.39 mi51, Peppermint Road, Hitchin, Hertfordshire SG5 1RY2
£295K01/230.39 mi21, Peppermint Road, Hitchin, Hertfordshire SG5 1RY2
£270K09/220.39 mi9, Wedmore Road, Hitchin, Hertfordshire SG4 9JH2
£336K10/220.4 miFlat 12, Hazel Court, The Avenue, Hitchin, Hertfordshire SG4 9SJ2
£325K03/230.4 miFlat 4, Hazel Court, The Avenue, Hitchin, Hertfordshire SG4 9SJ2
£297.3K11/200.42 miApartment 2, Caldicott Court, Harrison Close, Hitchin, Hertfordshire SG4 9SL2
£370K02/230.42 miApartment 5, Caldicott Court, Harrison Close, Hitchin, Hertfordshire SG4 9SL2
£275K03/210.42 miApartment 16, Caldicott Court, Harrison Close, Hitchin, Hertfordshire SG4 9SL2
£265K06/230.43 miFlat 32, Maples Court, Bedford Road, Hitchin, Hertfordshire SG5 1HF2
£235K06/210.44 miFlat 21, Harrison Court, Harrison Close, Hitchin, Hertfordshire SG4 9SG2
£300K06/210.44 miFlat 9, Harrison Court, Harrison Close, Hitchin, Hertfordshire SG4 9SG2
£291K11/220.44 miFlat 19, Harrison Court, Harrison Close, Hitchin, Hertfordshire SG4 9SG2
£225K05/210.47 mi59, Sunnyside Road, Hitchin, Hertfordshire SG4 9JQ2
£250K03/210.48 mi23, Grays Lane, Hitchin, Hertfordshire SG5 2HH2
£590K03/210.49 mi1a, The Avenue, Hitchin, Hertfordshire SG4 9RG2
£295K01/210.51 mi3, Tudor Court, Hitchin, Hertfordshire SG5 2BE2
£315K07/230.51 mi26, Tudor Court, Hitchin, Hertfordshire SG5 2BE2
£280K10/210.51 mi46, Tudor Court, Hitchin, Hertfordshire SG5 2BE2
£270K03/210.51 mi18, Tudor Court, Hitchin, Hertfordshire SG5 2BE2
£288K07/230.51 mi1, Tudor Court, Hitchin, Hertfordshire SG5 2BE2
£126K04/230.55 mi20, Capswell Court, Hitchin, Hertfordshire SG5 1ET2
£825K06/210.55 mi21a, Verulam Road, Hitchin, Hertfordshire SG5 1QE2
£290K05/210.55 miFlat 30, Starlings Bridge, Nightingale Road, Hitchin, Hertfordshire SG5 1QW2
£257K04/210.55 miFlat 5, Starlings Bridge, Nightingale Road, Hitchin, Hertfordshire SG5 1QW2
£285K01/210.55 miFlat 36, Starlings Bridge, Nightingale Road, Hitchin, Hertfordshire SG5 1QW2
£275K08/210.55 miFlat 6, Starlings Bridge, Nightingale Road, Hitchin, Hertfordshire SG5 1QW2
£275.6K02/230.56 miFlat 8, Starlings Bridge, Nightingale Road, Hitchin, Hertfordshire SG5 1QW2
£255K05/230.65 miFlat 59, Sanders Place, Walsworth Road, Hitchin, Hertfordshire SG4 9SY2
£267K06/230.65 miFlat 24, Sanders Place, Walsworth Road, Hitchin, Hertfordshire SG4 9SY2
£230K07/210.77 mi67, Lancaster Avenue, Hitchin, Hertfordshire SG5 1PA2
£220K04/210.77 mi63, Lancaster Avenue, Hitchin, Hertfordshire SG5 1PA2
£200K09/220.85 mi6, Holdbrook, Hitchin, Hertfordshire SG4 9QW2
£293K11/220.86 mi14, Bramfield, Hitchin, Hertfordshire SG4 9QA2
£225K11/210.86 miFlat 29, Sharps Court, Cooks Way, Hitchin, Hertfordshire SG4 0JG2
£162K03/210.86 miFlat 46, Sharps Court, Cooks Way, Hitchin, Hertfordshire SG4 0JG2
£207K11/200.86 miFlat 36, Sharps Court, Cooks Way, Hitchin, Hertfordshire SG4 0JG2
£222.5K01/210.86 miFlat 5, Sharps Court, Cooks Way, Hitchin, Hertfordshire SG4 0JG2
£221K04/210.86 miFlat 38, Sharps Court, Cooks Way, Hitchin, Hertfordshire SG4 0JG2
£245K01/230.89 mi61, Wedgewood Road, Hitchin, Hertfordshire SG4 0HB2
£250K05/230.93 mi13, Frank Young Court, Hitchin, Hertfordshire SG5 2US2
£240K08/210.94 mi11, Westmill Road, Hitchin, Hertfordshire SG5 2SB2

Local Rents

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

RentDateDistanceAddressBeds 
£1,50008/240.14 miSt Andrews Place, Hitchin, SG42
£1,37508/240.16 miQueen Street, Hitchin, SG42
£1,39502/250.17 mi-2
£1,37504/250.17 miExchange House, Queen Street, Hitchin2
£1,25008/240.18 miBucklersbury, Hitchin, SG52
£1,40012/240.18 miCoopers Yard, Paynes Park, Hitchin2
£1,37512/240.18 miCoopers Yard, Paynes Park, Hitchin2
£1,20008/240.19 miTilehouse Street, Hitchin, SG52
£1,10008/240.2 miChurchyard, Hitchin, SG52
£1,30008/240.2 miTilehouse Street, Hitchin, SG52
£1,20008/240.21 miKempe Mews, Tilehouse Street, Hitchin, SG52
£1,10008/240.23 miPark Close, Wratten Road East, Hitchin2
£1,70012/240.23 mi-2
£1,70002/250.23 mi-2
£1,65002/240.23 mi-2
£1,25008/240.24 miGarrison Court, Hitchin, SG42
£1,30008/240.24 miBancroft, Hitchin, SG52
£1,50008/240.24 miPaynes Park, HITCHIN, SG52
£1,40008/240.28 miPaynes Park, Hitchin, SG52
£1,50012/240.28 miPaynes Park, Hitchin, SG52
£1,20008/240.33 miLatchmore Close, Hitchin, Hitchin, SG42
£1,37512/240.33 miWhinbush Road, HITCHIN2
£1,39508/240.34 miWhinbush Road, Hitchin, SG52
£1,40012/240.36 mi-2
£1,30008/240.38 miPeppermint Road, HITCHIN, SG52
£1,32501/250.38 mi-2
£1,40012/240.39 miPeppermint Road, HITCHIN2
£1,50012/240.39 miPeppermint Road, SG52
£1,50004/250.39 mi-2
£1,45012/240.39 miPeppermint Road, Hitchin2
£1,60002/240.41 mi-2
£1,50003/250.43 mi-2
£1,25004/250.44 miHighbury Road, Hitchin, SG42
£1,25008/240.48 miBancroft, Hitchin, SG52
£1,40008/240.48 miGrays Lane, Hitchin, SG52
£1,30001/250.5 mi-2
£1,30008/240.53 mi-2
£1,69512/240.54 mi-2
£1,60012/240.55 miBedford Street, Hertfordshire, Hitchin, SG52
£1,25004/250.56 mi-2
£1,60008/240.57 miRadcliffe Road, Hitchin, SG52
£1,50008/240.59 miNightingale Road2
£1,20008/240.59 miFishponds Road, Hitchin, SG52
£1,39508/240.59 miVerulam Road, Hitchin, SG52
£1,07503/250.59 mi-2
£1,50004/250.59 mi-2
£1,16502/240.59 mi-2
£1,20002/240.59 mi-2
£1,35004/250.6 mi-2
£1,45002/250.6 mi-2

Local Area Statistics

Population in SG5

31,306

Population in Hitchin

60,216

Town centre distance

0.49 miles away

Nearest school

0.20 miles away

Nearest train station

0.80 miles away

 

 

Rental demand

Landlord's market

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Listed for £595,000

December 4, 2024

Floor Plans

Description

  • Brand new 1 and 2 bedroom apartments +
  • Bosch kitchen appliances +
  • Parking available with two bedroom apartments +
  • Town centre development +
  • 10 year warranty +
  • 0.9 miles, 21 mins walk to Hitchin train station (as per Google maps +

Austin House is a brand new development of 8 high quality 1 and 2 bedroom apartments. Located in the heart of the town centre, the apartments have been finished to the highest standard to include kitchen Bosch appliances, Van Gogh Karndean flooring and the top two apartments benefitting from solar panels The development consists of three 1 bedroom apartments and five 2 bedroom apartments, each with a 10 year Build Zone warranty, Fibre BT/Sky ready, electric heating with WiFi radiators. The 2 bedroom apartments also come with their own parking space. This particular property is the showcase Penthouse on the top floor with wrap around balcony. The property offers a generous hallway with two built-in storage cupboards and access to the family bathroom suite. The huge open plan kitchen and living space offers over 30ft of entertaining space and opens out via bifold doors to the balcony with wonderful views. there are two bedrooms with an ensuite bathroom suite to the principal bedroom. This property needs to be viewed to fully appreciate the space and quality on offer. Lease details Lease: 999 years Service charge: £1,800 per annum Hitchin is a charming medieval market town and has many fine Tudor and Georgian buildings, particularly around the market square. Near to the market square stands the large medieval parish church of St Mary. The town provides good shopping as well as a swimming pool, football team, two theatres, a wide variety of restaurants and pubs and highly regarded girls and boys schools. There is also a mainline railway station providing direct access to Kings Cross and Cambridge.

Agent Details

Country Properties, Hitchin

01462 416607

Next Steps?

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