3 Bed Terraced House, Single Let, Hitchin, SG5 4LB, £325,000

Melbourne Close, Stotfold, Hitchin, SG5 4LB - 4 views - 4 months ago

BTL
ROI: 1%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£290K - £600K
Sold Prices/m²£2.8K/m² - £5.8K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£387,163
BMV19%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Total Cash In

£95,950

 

 

Cash Out

 

Rent Range

£1,195 - £1,650

Rent Estimate

£1,402

Running Costs/mo

£1,316

Cashflow/mo

£86

Cashflow/yr

£1,032

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £290K to £600K, average is £377.3K. £2.8K/m² to £5.8K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£327K11/220.03 mi6, Melbourne Close, Stotfold, Hitchin, Central Bedfordshire SG5 4LB3
£327.5K03/210.04 mi30, Meadowsweet Way, Stotfold, Hitchin, Central Bedfordshire SG5 4QF3
£367.5K10/220.08 mi18, The Mixies, Stotfold, Hitchin, Central Bedfordshire SG5 4LF3
£328.3K02/210.08 mi18, The Mixies, Stotfold, Hitchin, Bedfordshire SG5 4LF3
£310K09/210.09 mi5, Grange Drive, Stotfold, Hitchin, Central Bedfordshire SG5 4NJ3
£385K09/210.11 mi21, The Mixies, Stotfold, Hitchin, Bedfordshire SG5 4LF3
£333.6K01/210.11 mi36, The Mixies, Stotfold, Hitchin, Central Bedfordshire SG5 4LF3
£392.5K04/210.12 mi8, High Street, Stotfold, Hitchin, Central Bedfordshire SG5 4LL3
£515K01/230.13 mi37, Brook Street, Stotfold, Hitchin, Central Bedfordshire SG5 4LA3
£302K05/210.14 mi16, Mulberry Close, Stotfold, Hitchin, Central Bedfordshire SG5 4NL3
£347.5K02/210.15 mi2, Buttercup Road, Stotfold, Hitchin, Central Bedfordshire SG5 4PF3
£327K06/210.16 mi48, The Avenue, Stotfold, Hitchin, Bedfordshire SG5 4LY3
£325K03/210.16 mi36, The Avenue, Stotfold, Hitchin, Bedfordshire SG5 4LY3
£370K02/230.21 mi48, Church Road, Stotfold, Hitchin, Central Bedfordshire SG5 4NE3
£345K03/210.21 mi64, Hitchin Road, Stotfold, Hitchin, Central Bedfordshire SG5 4HP3
£350K03/210.21 mi62, Hitchin Road, Stotfold, Hitchin, Central Bedfordshire SG5 4HP3
£395K11/200.22 mi39, Coppice Mead, Stotfold, Hitchin, Bedfordshire SG5 4JY3
£315K01/210.22 mi38, Coppice Mead, Stotfold, Hitchin, Bedfordshire SG5 4JY3
£306K03/210.22 mi40, Coppice Mead, Stotfold, Hitchin, Bedfordshire SG5 4JY3
£350K06/210.22 mi3, Hunters Close, Stotfold, Hitchin, Central Bedfordshire SG5 4JF3
£440K05/210.24 mi14, Regent Street, Stotfold, Hitchin, Bedfordshire SG5 4ED3
£377.5K02/210.24 mi12, Regent Street, Stotfold, Hitchin, Central Bedfordshire SG5 4ED3
£450K06/210.25 mi4, Church Road, Stotfold, Hitchin, Bedfordshire SG5 4LX3
£454K02/230.27 mi21, Heron Way, Stotfold, Hitchin, Central Bedfordshire SG5 4QB3
£555K07/230.27 mi5, Roe Close, Stotfold, Hitchin, Central Bedfordshire SG5 4HX3
£400K05/210.27 mi18, Pix Road, Stotfold, Hitchin, Central Bedfordshire SG5 4HY3
£450K02/210.28 mi21, Marschefield, Stotfold, Hitchin, Central Bedfordshire SG5 4EF3
£425K03/210.28 mi43, Church Road, Stotfold, Hitchin, Central Bedfordshire SG5 4LZ3
£383K12/200.28 mi16, Waters End, Stotfold, Hitchin, Bedfordshire SG5 4QA3
£300K05/210.3 mi85, Valerian Way, Stotfold, Hitchin, Central Bedfordshire SG5 4ET3
£468K05/230.31 mi81, Hitchin Road, Stotfold, Hitchin, Central Bedfordshire SG5 4HT3
£450K03/210.31 mi12, Murrell Lane, Stotfold, Hitchin, Central Bedfordshire SG5 4PP3
£300K05/230.32 mi45, Regent Street, Stotfold, Hitchin, Central Bedfordshire SG5 4EA3
£445.5K08/210.35 mi63, Mowbray Crescent, Stotfold, Hitchin, Central Bedfordshire SG5 4DY3
£430K06/210.36 mi15, Mowbray Crescent, Stotfold, Hitchin, Central Bedfordshire SG5 4DY3
£460K01/210.37 mi39, The Gardens, Stotfold, Hitchin, Bedfordshire SG5 4HD3
£425K02/210.37 mi2, The Gardens, Stotfold, Hitchin, Bedfordshire SG5 4HD3
£375K03/210.39 mi16, Groveland Way, Stotfold, Hitchin, Bedfordshire SG5 4PH3
£460K04/230.39 mi6, Groveland Way, Stotfold, Hitchin, Central Bedfordshire SG5 4PH3
£329.9K10/200.39 mi14, Mill Close, Stotfold, Hitchin, Bedfordshire SG5 4AB3
£290K12/200.41 mi5, Prince Charles Avenue, Stotfold, Hitchin, Bedfordshire SG5 4PN3
£350K12/200.45 mi168, Hitchin Road, Stotfold, Hitchin, Bedfordshire SG5 4JE3
£312K04/210.46 mi5, Prince Edward Way, Stotfold, Hitchin, Bedfordshire SG5 4PU3
£507K09/210.47 mi29, Baldock Road, Stotfold, Hitchin, Bedfordshire SG5 4PB3
£600K01/210.47 mi40, Baldock Road, Stotfold, Hitchin, Bedfordshire SG5 4PB3
£395K05/230.47 mi120, Trinity Road, Stotfold, Hitchin, Central Bedfordshire SG5 4EQ3
£350K03/210.47 mi74a, Regent Street, Stotfold, Hitchin, Bedfordshire SG5 4DZ3
£377K11/200.5 mi29, Netherstones, Stotfold, Hitchin, Bedfordshire SG5 4BS3
£380K03/210.53 mi123, Arlesey Road, Stotfold, Hitchin, Bedfordshire SG5 4HE3
£390K01/210.54 mi16, The Green, Stotfold, Hitchin, Central Bedfordshire SG5 4AN3

Local Rents

10 rents from £1.2K/mo to £1.6K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,60008/240.1 miFennel Avenue, Stotfold, Hitchin3
£1,19508/240.1 miHigh Street, Stotfold, Hitchin, SG53
£1,45008/240.12 miSorrel Mews, Stotfold, Hitchin, SG53
£1,55005/240.17 mi-3
£1,60012/240.22 miBinyon Gardens, Stotfold3
£1,50008/240.37 miStotfold, Hertfordshire3
£1,45008/240.38 miHyde Avenue , Stotfold, SG53
£1,65008/240.46 miRegent Street, Stotfold, SG5 4DZ3
£1,39509/230.51 mi-3
£1,45009/240.51 mi-3

Local Area Statistics

Population in SG5

31,306

Population in Hitchin

60,216

Town centre distance

4.64 miles away

Nearest school

0.20 miles away

Nearest train station

1.77 miles away

 

 

Rental demand

Landlord's market

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Listed for £325,000

January 10, 2025

Floor Plans

Description

  • End terrace family home +
  • Three bedrooms +
  • Spacious living room +
  • Refitted kitchen +
  • Modern family bathroom +
  • Ideally located +
  • Private, low maintenance garden +
  • Parking for two cars +
  • Garden room with power and light +
  • EPC rating D. Council tax band C +

Located in a quiet cul-de-sac in the heart of Stotfold is this three bedroom family home that is well presented throughout and offers off road parking for two cars. An internal viewing is strongly advised. The accommodation comprises entrance hall, a spacious dual aspect living room and modern kitchen to the ground floor, whilst to the first floor are three bedrooms and the upgraded family bathroom. Externally is a charming patioed garden with borders housing flowers and shrubs, decorative stone path to rear gate plus aspects of artificial lawn making this space ideal for enjoying those summer evenings. There is also a block paved driveway to the front of the property. Further benefits include gas central heating and double glazing. 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 💪