2 Bed Flat, Refurb/BRRR, Hitchin, SG5 2ED, £270,000





ValuationFair Value
Sold Prices | £126K - £825K |
Sold Prices/m² | £2K/m² - £16.2K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £4K/m² |
Value Estimate | £275,400£275,400 |
| |
End Value (After Refurb) | £370,168£370,168 |
Uplift in Value | +37%+37% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £67,500£67,500 |
Stamp Duty & Legal Fees | £15,700£15,700 |
Refurb Costs | £32,168£32,168 |
Bridging Loan Interest | £7,088£7,088 |
Total Cash In | £124,206£124,206 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentFlip |
Estimated Sale Price | £370,168£370,168 |
Agent Fees (1%) | £3,702£3,702 |
Bridging Loan | £202,500£202,500 |
Bridging Loan Interest | £7,088£7,088 |
Flip Profit | £39,761£39,761 |
Local Sold Prices
50 sold prices from £126K to £825K, average is £275K. £2K/m² to £16.2K/m², average is £4.3K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£212.7K | 11/20 | 0.14 mi | 29, Wratten Road East, Hitchin, Hertfordshire SG5 2AS | - | - | 2 | Flat | |
£280K | 02/23 | 0.14 mi | 24, Wratten Road East, Hitchin, Hertfordshire SG5 2AS | £5,600 | 50 | 2 | Flat | |
£265K | 06/23 | 0.17 mi | Flat 32, Maples Court, Bedford Road, Hitchin, Hertfordshire SG5 1HF | - | - | 2 | Flat | |
£387.5K | 06/21 | 0.19 mi | 94a, Tilehouse Street, Hitchin, Hertfordshire SG5 2DW | - | - | 2 | Flat | |
£250K | 03/21 | 0.22 mi | 23, Grays Lane, Hitchin, Hertfordshire SG5 2HH | £5,010 | 50 | 2 | Flat | |
£295K | 01/21 | 0.31 mi | 3, Tudor Court, Hitchin, Hertfordshire SG5 2BE | £3,554 | 83 | 2 | Flat | |
£315K | 07/23 | 0.31 mi | 26, Tudor Court, Hitchin, Hertfordshire SG5 2BE | - | - | 2 | Flat | |
£280K | 10/21 | 0.31 mi | 46, Tudor Court, Hitchin, Hertfordshire SG5 2BE | £4,308 | 65 | 2 | Flat | |
£270K | 03/21 | 0.31 mi | 18, Tudor Court, Hitchin, Hertfordshire SG5 2BE | £4,154 | 65 | 2 | Flat | |
£285K | 10/20 | 0.31 mi | 40, Tudor Court, Hitchin, Hertfordshire SG5 2BE | £3,958 | 72 | 2 | Flat | |
£288K | 07/23 | 0.31 mi | 1, Tudor Court, Hitchin, Hertfordshire SG5 2BE | - | - | 2 | Flat | |
£305K | 11/21 | 0.36 mi | 27, William Ransom Way, Hitchin, Hertfordshire SG5 1QX | £4,357 | 70 | 2 | Flat | |
£300K | 12/20 | 0.36 mi | 30, William Ransom Way, Hitchin, Hertfordshire SG5 1QX | £4,348 | 69 | 2 | Flat | |
£230K | 11/20 | 0.38 mi | 47, Garrison Court, Hitchin, Hertfordshire SG4 9AA | £5,349 | 43 | 2 | Flat | |
£200K | 02/21 | 0.38 mi | 39, Garrison Court, Hitchin, Hertfordshire SG4 9AA | £4,167 | 48 | 2 | Flat | |
£292K | 06/23 | 0.4 mi | 51, Peppermint Road, Hitchin, Hertfordshire SG5 1RY | £4,635 | 63 | 2 | Flat | |
£295K | 01/23 | 0.4 mi | 21, Peppermint Road, Hitchin, Hertfordshire SG5 1RY | - | - | 2 | Flat | |
£126K | 04/23 | 0.45 mi | 20, Capswell Court, Hitchin, Hertfordshire SG5 1ET | £2,032 | 62 | 2 | Flat | |
£290K | 05/21 | 0.53 mi | Flat 30, Starlings Bridge, Nightingale Road, Hitchin, Hertfordshire SG5 1QW | - | - | 2 | Flat | |
£257K | 04/21 | 0.53 mi | Flat 5, Starlings Bridge, Nightingale Road, Hitchin, Hertfordshire SG5 1QW | - | - | 2 | Flat | |
£285K | 01/21 | 0.53 mi | Flat 36, Starlings Bridge, Nightingale Road, Hitchin, Hertfordshire SG5 1QW | - | - | 2 | Flat | |
£275K | 08/21 | 0.53 mi | Flat 6, Starlings Bridge, Nightingale Road, Hitchin, Hertfordshire SG5 1QW | - | - | 2 | Flat | |
£275.6K | 02/23 | 0.53 mi | Flat 8, Starlings Bridge, Nightingale Road, Hitchin, Hertfordshire SG5 1QW | - | - | 2 | Flat | |
£235K | 06/21 | 0.54 mi | Flat 21, Harrison Court, Harrison Close, Hitchin, Hertfordshire SG4 9SG | - | - | 2 | Flat | |
£300K | 06/21 | 0.54 mi | Flat 9, Harrison Court, Harrison Close, Hitchin, Hertfordshire SG4 9SG | - | - | 2 | Flat | |
£291K | 11/22 | 0.54 mi | Flat 19, Harrison Court, Harrison Close, Hitchin, Hertfordshire SG4 9SG | - | - | 2 | Flat | |
£230K | 07/21 | 0.54 mi | 67, Lancaster Avenue, Hitchin, Hertfordshire SG5 1PA | £5,860 | 39 | 2 | Flat | |
£220K | 04/21 | 0.54 mi | 63, Lancaster Avenue, Hitchin, Hertfordshire SG5 1PA | £4,314 | 51 | 2 | Flat | |
£297.3K | 11/20 | 0.56 mi | Apartment 2, Caldicott Court, Harrison Close, Hitchin, Hertfordshire SG4 9SL | - | - | 2 | Flat | |
£370K | 02/23 | 0.56 mi | Apartment 5, Caldicott Court, Harrison Close, Hitchin, Hertfordshire SG4 9SL | - | - | 2 | Flat | |
£275K | 03/21 | 0.56 mi | Apartment 16, Caldicott Court, Harrison Close, Hitchin, Hertfordshire SG4 9SL | - | - | 2 | Flat | |
£825K | 06/21 | 0.59 mi | 21a, Verulam Road, Hitchin, Hertfordshire SG5 1QE | £16,240 | 51 | 2 | Flat | |
£590K | 03/21 | 0.6 mi | 1a, The Avenue, Hitchin, Hertfordshire SG4 9RG | £4,720 | 125 | 2 | Flat | |
£336K | 10/22 | 0.63 mi | Flat 12, Hazel Court, The Avenue, Hitchin, Hertfordshire SG4 9SJ | - | - | 2 | Flat | |
£325K | 03/23 | 0.63 mi | Flat 4, Hazel Court, The Avenue, Hitchin, Hertfordshire SG4 9SJ | - | - | 2 | Flat | |
£240K | 05/23 | 0.67 mi | 19, The Maples, Hitchin, Hertfordshire SG4 9HA | £3,692 | 65 | 2 | Flat | |
£275K | 02/23 | 0.67 mi | 6, The Maples, Hitchin, Hertfordshire SG4 9HA | £4,613 | 60 | 2 | Flat | |
£240K | 08/21 | 0.67 mi | 11, Westmill Road, Hitchin, Hertfordshire SG5 2SB | £3,750 | 64 | 2 | Flat | |
£270K | 09/22 | 0.69 mi | 9, Wedmore Road, Hitchin, Hertfordshire SG4 9JH | £5,192 | 52 | 2 | Flat | |
£250K | 05/23 | 0.69 mi | 13, Frank Young Court, Hitchin, Hertfordshire SG5 2US | - | - | 2 | Flat | |
£255K | 05/23 | 0.76 mi | Flat 59, Sanders Place, Walsworth Road, Hitchin, Hertfordshire SG4 9SY | - | - | 2 | Flat | |
£267K | 06/23 | 0.76 mi | Flat 24, Sanders Place, Walsworth Road, Hitchin, Hertfordshire SG4 9SY | - | - | 2 | Flat | |
£225K | 05/21 | 0.76 mi | 59, Sunnyside Road, Hitchin, Hertfordshire SG4 9JQ | £4,018 | 56 | 2 | Flat | |
£195K | 11/21 | 0.78 mi | First Floor Flat, 49, Mattocke Road, Hitchin, Hertfordshire SG5 2PB | - | - | 2 | Flat | |
£225K | 12/22 | 0.78 mi | 62, Mattocke Road, Hitchin, Hertfordshire SG5 2PB | £3,947 | 57 | 2 | Flat | |
£218K | 03/21 | 0.78 mi | 63, Mattocke Road, Hitchin, Hertfordshire SG5 2PB | £3,893 | 56 | 2 | Flat | |
£305.5K | 11/21 | 0.85 mi | 6, King Georges Close, Hitchin, Hertfordshire SG5 2UW | £4,629 | 66 | 2 | Flat | |
£220K | 08/23 | 0.85 mi | 4, King Georges Close, Hitchin, Hertfordshire SG5 2UW | - | - | 2 | Flat | |
£290K | 07/21 | 0.85 mi | 16, King Georges Close, Hitchin, Hertfordshire SG5 2UW | £6,905 | 42 | 2 | Flat | |
£207K | 11/20 | 0.92 mi | Flat 36, Sharps Court, Cooks Way, Hitchin, Hertfordshire SG4 0JG | - | - | 2 | Flat |
Local Rents
50 rents from £900/mo to £1.7K/mo, average is £1.4K/mo.
Rent | Date | Distance | Address | Beds | Type | |
£1,500 | 08/24 | 0.05 mi | Paynes Park, HITCHIN, SG5 | 2 | Flat | |
£1,650 | 02/24 | 0.06 mi | - | 2 | Flat | |
£1,700 | 12/24 | 0.07 mi | - | 2 | Flat | |
£1,700 | 02/25 | 0.07 mi | - | 2 | Flat | |
£1,200 | 08/24 | 0.09 mi | Kempe Mews, Tilehouse Street, Hitchin, SG5 | 2 | Terraced House | |
£1,300 | 08/24 | 0.09 mi | Tilehouse Street, Hitchin, SG5 | 2 | Terraced House | |
£1,400 | 08/24 | 0.11 mi | Paynes Park, Hitchin, SG5 | 2 | Flat | |
£1,500 | 12/24 | 0.11 mi | Paynes Park, Hitchin, SG5 | 2 | Flat | |
£1,250 | 08/24 | 0.13 mi | Bucklersbury, Hitchin, SG5 | 2 | Flat | |
£1,375 | 12/24 | 0.13 mi | Coopers Yard, Paynes Park, Hitchin | 2 | Flat | |
£1,400 | 12/24 | 0.13 mi | Coopers Yard, Paynes Park, Hitchin | 2 | Flat | |
£1,200 | 08/24 | 0.14 mi | Tilehouse Street, Hitchin, SG5 | 2 | Flat | |
£1,100 | 08/24 | 0.14 mi | Park Close, Wratten Road East, Hitchin | 2 | Flat | |
£1,300 | 08/24 | 0.15 mi | Bancroft, Hitchin, SG5 | 2 | Flat | |
£1,100 | 08/24 | 0.19 mi | Churchyard, Hitchin, SG5 | 2 | Flat | |
£1,400 | 08/24 | 0.22 mi | Grays Lane, Hitchin, SG5 | 2 | Flat | |
£1,695 | 12/24 | 0.26 mi | - | 2 | Terraced House | |
£1,600 | 12/24 | 0.26 mi | Bedford Street, Hertfordshire, Hitchin, SG5 | 2 | Terraced House | |
£1,395 | 02/25 | 0.32 mi | - | 2 | Flat | |
£1,375 | 08/24 | 0.33 mi | Queen Street, Hitchin, SG4 | 2 | Flat | |
£1,250 | 08/24 | 0.38 mi | Garrison Court, Hitchin, SG4 | 2 | Flat | |
£1,375 | 12/24 | 0.39 mi | Whinbush Road, HITCHIN | 2 | Flat | |
£1,250 | 08/24 | 0.39 mi | Bancroft, Hitchin, SG5 | 2 | Flat | |
£1,395 | 08/24 | 0.39 mi | Whinbush Road, Hitchin, SG5 | 2 | Flat | |
£1,400 | 12/24 | 0.4 mi | - | 2 | Flat | |
£1,300 | 08/24 | 0.4 mi | Peppermint Road, HITCHIN, SG5 | 2 | Flat | |
£1,200 | 12/24 | 0.4 mi | - | 2 | Flat | |
£1,200 | 12/24 | 0.4 mi | Victoria Road, Hitchin, SG5 | 2 | Flat | |
£1,400 | 12/24 | 0.4 mi | Peppermint Road, HITCHIN | 2 | Flat | |
£1,500 | 12/24 | 0.4 mi | Peppermint Road, SG5 | 2 | Flat | |
£1,500 | 08/24 | 0.4 mi | St Andrews Place, Hitchin, SG4 | 2 | Flat | |
£1,450 | 12/24 | 0.41 mi | Peppermint Road, Hitchin | 2 | Flat | |
£1,200 | 08/24 | 0.47 mi | Fishponds Road, Hitchin, SG5 | 2 | Flat | |
£1,500 | 12/24 | 0.49 mi | Symonds Road, Hitchin, SG5 | 2 | Semi-Detached House | |
£1,300 | 01/25 | 0.51 mi | - | 2 | Flat | |
£1,075 | 03/25 | 0.52 mi | - | 2 | Flat | |
£1,200 | 12/24 | 0.52 mi | Chestnut Court, Bedford Road, Hitchin | 2 | Flat | |
£1,350 | 03/25 | 0.52 mi | - | 2 | Flat | |
£1,165 | 02/24 | 0.52 mi | - | 2 | Flat | |
£1,200 | 02/24 | 0.52 mi | - | 2 | Flat | |
£1,295 | 12/24 | 0.53 mi | Chestnut Court, Hitchin, SG5 | 2 | Flat | |
£1,450 | 02/25 | 0.53 mi | - | 2 | Flat | |
£1,000 | 08/24 | 0.54 mi | Lancaster Avenue, Hitchin, SG5 | 2 | Flat | |
£1,395 | 08/24 | 0.6 mi | Verulam Road, Hitchin, SG5 | 2 | Flat | |
£1,295 | 08/24 | 0.6 mi | - | 2 | Flat | |
£1,500 | 08/24 | 0.6 mi | Nightingale Road | 2 | Terraced House | |
£900 | 08/24 | 0.6 mi | Redhill Road, HITCHIN | 2 | Flat | |
£1,200 | 08/24 | 0.62 mi | Latchmore Close, Hitchin, Hitchin, SG4 | 2 | Flat | |
£1,300 | 08/24 | 0.62 mi | - | 2 | Flat | |
£1,700 | 12/24 | 0.62 mi | Bearton Road, Hitchin, SG5 1UE | 2 | Terraced House |
Local Area Statistics
Population in SG5 | 31,30631,306 |
Population in Hitchin | 60,21660,216 |
Town centre distance | 0.47 miles away0.47 miles away |
Nearest school | 0.20 miles away0.20 miles away |
Nearest train station | 0.91 miles away0.91 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | +13%+13% |
Property History
Listed for £270,000
February 21, 2025
Floor Plans

Description
- Guide Price £270k to £290k. First-Time Buyer Appeal – A perfect start on the property ladder with no stamp duty for eligible buyers +
- Move-In Ready Condition – No need for renovations; simply bring your furniture and settle in +
- Spacious Ground-Floor Living – Enjoy the convenience of single-level living with generous room sizes throughout +
- Modern Fitted Kitchen – Cook with ease using the built-in oven and hob, with plenty of space for your essentials +
- Flexible Living Room Space – Arrange your furniture to suit your lifestyle, whether relaxing or entertaining +
- Two Versatile Bedrooms – A double bedroom with built in wardrobes and single room ideal for guests, an office, or a nursery +
- Convenient Bathroom with Shower Over Bath – Quick mornings or relaxed evening soaks; options to suit your lifestyle +
- Private Allocated Parking – Always have a space waiting for you, right outside +
- Great for Investors – Achieve a strong 5% rental yield with an estimated income of £15,000 per year +
- Great location - just a 5 minute walk to Hitchin town centre. Great road links - short drive to A1(M). Just 20 mins to London Luton Airport +
Guide Price £270k to £290k. Great Ground-Floor Flat For First-Time Buyers, Downsizers, And Investors For That Price? Don't miss out to someone else! This spacious ground-floor apartment, with no stamp duty for eligible first-time buyers, offers an excellent opportunity, whether you’re starting out, downsizing, or investing. Investors will appreciate there is no need for any upfront work, ensuring quick occupancy - with an expected annual income of £15,000, providing a good return from the start. Downsizers, too, will find it’s got just the right amount of space and ease of living. There is also a good length of lease remaining. With your own entrance from the carpark, directly into the living space you do not need to worry about carrying heavy shopping or navigating internal hallways to get in. An open plan living space is a generous size, giving you the freedom to set it up to suit your lifestyle, whether that’s a comfortable space for relaxation or a welcoming spot to gather with friends. There is plenty of space for a large sofa and other furniture - just add soft furnishings and décor to your taste. The hard flooring not only looks great but is easy to maintain. The kitchen is fitted with modern white glossy units and contrasting worktops, a built-in oven and hob, integrated fridge / freeezer and room for everything you need, making it easy to enjoy home-cooked meals or quick bites on busy days. When it’s time relax and re-charge your batteries, you’ll find two bedrooms - A good size double with built in wardrobes and a single bedroom - perfect for guests, an office space if you’re working from home, or perhaps a nursery. You'll love the bathroom with a shower over the bath - ready for both quick invigorating mornings and relaxing soaks in the evenings after a hard day. Got a car? Parking is sorted, with private allocated parking Located in a well-connected part of Hitchin, this flat benefits from easy access to open green spaces, including Bancroft Recreation Ground and Oughtonhead Common. Whether it’s a morning jog, a weekend stroll, or a spot to relax, nature is always close by. If you’re ready to move, this flat is ready for you! Bring your furniture and start settling in. | ADDITIONAL INFORMATION Council Tax Band - B EPC Rating - E Lease Length - 118 years remaining Ground Rent - £300.00 P.A Service Charge - £900.00 every six months Electric heating | GROUND FLOOR Open plan living space: 20' 8" MAX x 14' 1" (6.30m x 4.30m) Bedroom One: Approx 14' 7" x 8' 6" (4.45m x 2.60m) Bedroom Two: 11' 2" MAX x 7' 3" (3.40m x 2.20m) Bathroom: Approx 7' 3" x 5' 11" (2.2m x 1.8m) | OUTSIDE Allocated off road parking space
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