2 Bed Flat, Single Let, Hitchin, SG5 2PH, £199,950

John Barker Place, Hitchin, SG5 2PH - 4 views - 3 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~68 m²
+10 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£241,940
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£49,988

Stamp Duty & Legal Fees

£7,199

Total Cash In

£57,186

 

 

Cash Out

 

Rent Range

£900 - £1,700

Rent Estimate

£1,063

Running Costs/mo

£857

Cashflow/mo

£206

Cashflow/yr

£2,467

ROI

4%

Gross Yield

6%

Local Sold Prices

39 sold prices from £126K to £825K, average is £257K. £2K/m² to £16.2K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£218K03/210.11 mi63, Mattocke Road, Hitchin, Hertfordshire SG5 2PB2
£195K11/210.11 miFirst Floor Flat, 49, Mattocke Road, Hitchin, Hertfordshire SG5 2PB2
£225K12/220.11 mi62, Mattocke Road, Hitchin, Hertfordshire SG5 2PB2
£240K08/210.17 mi11, Westmill Road, Hitchin, Hertfordshire SG5 2SB2
£250K05/230.25 mi13, Frank Young Court, Hitchin, Hertfordshire SG5 2US2
£305.5K11/210.26 mi6, King Georges Close, Hitchin, Hertfordshire SG5 2UW2
£220K08/230.26 mi4, King Georges Close, Hitchin, Hertfordshire SG5 2UW2
£290K07/210.26 mi16, King Georges Close, Hitchin, Hertfordshire SG5 2UW2
£230K07/210.4 mi67, Lancaster Avenue, Hitchin, Hertfordshire SG5 1PA2
£220K04/210.4 mi63, Lancaster Avenue, Hitchin, Hertfordshire SG5 1PA2
£218K08/210.65 mi32, Shepherds Mead, Hitchin, Hertfordshire SG5 1YA2
£235K04/230.65 mi26, Shepherds Mead, Hitchin, Hertfordshire SG5 1YA2
£240K07/230.66 mi6, The Mead, Hitchin, Hertfordshire SG5 1XZ2
£250K11/220.66 mi32, Shepherds Mead, Hitchin, Hertfordshire SG5 1YA2
£245K06/230.67 mi129d, Old Hale Way, Hitchin, Hertfordshire SG5 1XT2
£265K06/230.68 miFlat 32, Maples Court, Bedford Road, Hitchin, Hertfordshire SG5 1HF2
£126K04/230.72 mi20, Capswell Court, Hitchin, Hertfordshire SG5 1ET2
£250K03/210.77 mi23, Grays Lane, Hitchin, Hertfordshire SG5 2HH2
£275.6K02/230.85 miFlat 8, Starlings Bridge, Nightingale Road, Hitchin, Hertfordshire SG5 1QW2
£290K05/210.85 miFlat 30, Starlings Bridge, Nightingale Road, Hitchin, Hertfordshire SG5 1QW2
£257K04/210.85 miFlat 5, Starlings Bridge, Nightingale Road, Hitchin, Hertfordshire SG5 1QW2
£285K01/210.85 miFlat 36, Starlings Bridge, Nightingale Road, Hitchin, Hertfordshire SG5 1QW2
£275K08/210.85 miFlat 6, Starlings Bridge, Nightingale Road, Hitchin, Hertfordshire SG5 1QW2
£295K01/230.91 mi21, Peppermint Road, Hitchin, Hertfordshire SG5 1RY2
£292K06/230.91 mi51, Peppermint Road, Hitchin, Hertfordshire SG5 1RY2
£295K01/210.91 mi3, Tudor Court, Hitchin, Hertfordshire SG5 2BE2
£315K07/230.91 mi26, Tudor Court, Hitchin, Hertfordshire SG5 2BE2
£280K10/210.91 mi46, Tudor Court, Hitchin, Hertfordshire SG5 2BE2
£270K03/210.91 mi18, Tudor Court, Hitchin, Hertfordshire SG5 2BE2
£285K10/200.91 mi40, Tudor Court, Hitchin, Hertfordshire SG5 2BE2
£288K07/230.91 mi1, Tudor Court, Hitchin, Hertfordshire SG5 2BE2
£305K11/210.93 mi27, William Ransom Way, Hitchin, Hertfordshire SG5 1QX2
£300K12/200.93 mi30, William Ransom Way, Hitchin, Hertfordshire SG5 1QX2
£220K04/210.95 mi84, Millstream Close, Hitchin, Hertfordshire SG4 0DB2
£210K07/210.95 mi94, Millstream Close, Hitchin, Hertfordshire SG4 0DB2
£212.7K11/200.97 mi29, Wratten Road East, Hitchin, Hertfordshire SG5 2AS2
£280K02/230.97 mi24, Wratten Road East, Hitchin, Hertfordshire SG5 2AS2
£825K06/210.99 mi21a, Verulam Road, Hitchin, Hertfordshire SG5 1QE2
£227K11/210.99 miFlat 22, Cadwell Green, Cadwell Lane, Hitchin, Hertfordshire SG4 0AE2

Local Rents

15 rents from £900/mo to £1.7K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10010/240.25 mi-2
£90008/240.26 miRedhill Road, HITCHIN2
£1,40008/240.27 miKing Georges Close, Hitchin, SG52
£1,20012/240.34 miChestnut Court, Bedford Road, Hitchin2
£1,29512/240.34 miChestnut Court, Hitchin, SG52
£1,50012/240.35 miSymonds Road, Hitchin, SG52
£1,35002/240.39 mi-2
£1,00008/240.4 miLancaster Avenue, Hitchin, SG52
£1,70012/240.45 miBearton Road, Hitchin, SG5 1UE2
£1,20012/240.46 miVictoria Road, Hitchin, SG52
£1,20012/240.46 mi-2
£1,19509/240.52 mi-2
£96003/250.52 mi-2
£1,69512/240.58 mi-2
£1,60012/240.59 miBedford Street, Hertfordshire, Hitchin, SG52

Local Area Statistics

Population in SG5

31,306

Population in Hitchin

60,216

Town centre distance

0.86 miles away

Nearest school

0.20 miles away

Nearest train station

1.26 miles away

 

 

Rental demand

Landlord's market

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Listed for £199,950

December 26, 2024

Floor Plans

Description

  • Ground floor +
  • Two bedrooms +
  • Large reception with dual aspect windows +
  • Freshly painted and new carpets +
  • Allocated parking +
  • CHAIN FREE +
  • Great potential +
  • Ideal for FIRST TIME BUYERS/INVESTORS +

SUMMARY
A large two double bedroom ground floor flat situated close to excellent local amenities. Further benefits include allocated parking, external storage and communal gardens.

DESCRIPTION
An unusually large ground floor flat ideal for a first time buyer or investor. This property offers two large bedrooms, both of which are comfortably doubles, a lounge diner, separate kitchen and family bathroom. Externally are well maintained communal gardens, allocated parking and a brick built storage shed.

Entrance Hall 
Provides access to all rooms, radiator to side, secure entry system and two large storage cupboards.

Kitchen 10' 10" x 8' 2" ( 3.30m x 2.49m )
Fitted kitchen comprising of a range of wall and base units with space for; Fridge, freezer, washing machine, tumble dryer, dishwasher, electric oven, gas hob and cooker hood. Stainless steel sink basin and drainer, tiled splashbacks and tiled flooring.

Lounge/Diner 22' 11" x 11' 8" ( 6.99m x 3.56m )
Dual aspect double glazed windows to the front and rear aspects, radiator to front and back, TV points and fitted carpet.

Bedroom One 11' x 9' 6" ( 3.35m x 2.90m )
Double glazed window and radiator to the rear aspect with a double built in storage cupboard.

Bedroom Two 10' 11" x 9' 2" ( 3.33m x 2.79m )
Double glazed window and radiator to the rear aspect with a double built in wardrobe.

Bathroom 
Wet room with mostly tiled walls, electric shower head with seat, wash hand basin with a mixer tap and a W/C. Two double glazed frosted windows to the front aspect, radiator to rear and extractor.

Outside 
Allocated parking in front of outdoor purpose brick built shed.

Communal Garden 
Lawn, patio, two shared washing lines.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Hitchin

01462 416422

Next Steps?

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