2 Bed Flat, Single Let, Hitchin, SG5 4FY, £275,000

108 East Wing, Fairfield Hall, Kingsley Avenue, Fairfield, Hitchin, Herts, SG5 4FY - 1 views - 2 months ago

Sold STC
Leasehold
BTL
121 m²
+12 photos

ValuationUndervalued

Sold Prices£125K - £318K
Sold Prices/m²£2.8K/m² - £25.2K/m²

 

 

Square Metres

121 m²
Price/m²£2.3K/m²

Value Estimate

£332,750
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£16,200

Total Cash In

£84,950

 

 

Cash Out

 

Rent Range

£950 - £1,450

Rent Estimate

£984

Running Costs/mo

£1,076

Cashflow/mo

£-92

Cashflow/yr

£-1,106

Gross Yield

4%

Local Sold Prices

36 sold prices from £125K to £318K, average is £208.5K. £2.8K/m² to £25.2K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£250K04/210.07 miApartment 22 East Wing, Fairfield Hall, Kingsley Avenue, Fairfield, Hitchin, Central Bedfordshire SG5 4FX2
£295K11/220.07 miApartment 6 East Wing, Fairfield Hall, Kingsley Avenue, Fairfield, Hitchin, Central Bedfordshire SG5 4FX2
£318K06/210.07 miApartment 3 East Wing, Fairfield Hall, Kingsley Avenue, Stotfold, Hitchin, Central Bedfordshire SG5 4FX2
£265K03/210.07 miApartment 92 Hertfordshire Wing, Fairfield Hall, Kingsley Avenue, Stotfold, Hitchin, Central Bedfordshire SG5 4FX2
£285K04/230.07 miApartment 71 Huntingdon Wing, Fairfield Hall, Kingsley Avenue, Fairfield, Hitchin, Central Bedfordshire SG5 4FX2
£230K07/210.08 miApartment 75 Huntingdon Wing, Fairfield Hall, Kingsley Avenue, Fairfield, Hitchin, Central Bedfordshire SG5 4FX2
£282.5K04/210.08 miApartment 143 South Wing, Fairfield Hall, Kingsley Avenue, Stotfold, Hitchin, Central Bedfordshire SG5 4FY2
£245K12/200.08 miApartment 148 Huntingdon Wing, Fairfield Hall, Kingsley Avenue, Fairfield, Hitchin, Central Bedfordshire SG5 4FY2
£270K08/210.08 miApartment 221 South Wing, Fairfield Hall, Kingsley Avenue, Fairfield, Hitchin, Central Bedfordshire SG5 4FZ2
£260K03/210.08 miApartment 67 South Wing, Fairfield Hall, Kingsley Avenue, Stotfold, Hitchin, Central Bedfordshire SG5 4FX2
£125K01/210.16 mi12, Kipling Crescent, Stotfold, Hitchin, Central Bedfordshire SG5 4GY2
£290K08/230.35 mi65, Heathcliff Avenue, Fairfield, Hitchin, Central Bedfordshire SG5 4EY2
£235K03/210.79 mi63, Valerian Way, Stotfold, Hitchin, Central Bedfordshire SG5 4ET2
£170K05/210.81 mi171, Western Way, Letchworth Garden City, Hertfordshire SG6 4TB2
£142.5K01/220.9 mi9, Lanthony Court, Arlesey, Bedfordshire SG15 6TU2
£150K06/220.9 mi11, Lanthony Court, Arlesey, Central Bedfordshire SG15 6TU2
£153.5K02/220.9 mi7, Lanthony Court, Arlesey, Bedfordshire SG15 6TU2
£225K03/220.98 mi28, St Johns Road, Arlesey, Central Bedfordshire SG15 6ST2
£164K03/211.08 mi18, Hitchin Road, Stotfold, Hitchin, Bedfordshire SG5 4HP2
£245K04/231.5 mi21, Icknield Green, Letchworth Garden City, Hertfordshire SG6 4DL2
£200K06/211.6 miFlat 71, Birchwood Court, Norton Way North, Letchworth Garden City, Hertfordshire SG6 1BH2
£208K06/211.6 miFlat 85, Birchwood Court, Norton Way North, Letchworth Garden City, Hertfordshire SG6 1BH2
£188K08/211.61 mi84b, Icknield Way, Letchworth Garden City, Hertfordshire SG6 4AW2
£195K03/211.61 mi55, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QE2
£200K03/211.61 mi62, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QE2
£200K05/231.63 mi66, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QF2
£209K12/221.64 mi86, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QF2
£180K03/211.69 mi5, Grove Court, Arlesey, Central Bedfordshire SG15 6UZ2
£175K04/231.69 mi26, Grove Court, Arlesey, Central Bedfordshire SG15 6UZ2
£200K09/211.7 mi64, Cromwell Road, Letchworth Garden City, Hertfordshire SG6 1DT2
£204K06/211.73 miFlat 38, Dunkerley Court, Birds Hill, Letchworth Garden City, Hertfordshire SG6 1FE2
£225K05/231.73 miFlat 3, Dunkerley Court, Birds Hill, Letchworth Garden City, Hertfordshire SG6 1FE2
£196K12/211.81 miFlat 6, Palace Court, Eastcheap, Letchworth Garden City, Hertfordshire SG6 3DD2
£190K05/211.81 miFlat 7, Palace Court, Eastcheap, Letchworth Garden City, Hertfordshire SG6 3DD2
£218K03/211.81 mi108, Kristiansand Way, Letchworth Garden City, Hertfordshire SG6 1TY2
£221K02/211.98 mi58, Ascot Drive, Letchworth Garden City, Hertfordshire SG6 1FZ2

Local Rents

19 rents from £950/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10002/240.23 mi-2
£1,20012/240.4 miPaxton Drive, Fairfield, Hitchin, SG52
£1,35002/250.73 mi-2
£1,45008/240.84 miHitchin Road, Arlesey, SG152
£1,15008/240.87 mi-2
£1,07501/250.88 mi-2
£1,20012/240.89 mi-2
£1,05008/240.91 miStation Road, Arlesey2
£97508/240.96 mi-2
£1,10008/240.98 miRamerick Gardens, Arlesey, SG152
£1,10008/240.98 miRamerick Gardens, Arlesey, SG152
£97508/240.98 miSt Johns Road, Arlesey, SG152
£1,15003/251.01 mi-2
£1,20002/251.11 mi-2
£95010/241.12 mi-2
£1,45002/251.18 mi-2
£1,05004/251.18 mi-2
£1,15008/231.21 mi-2
£1,15012/241.21 mi-2

Local Area Statistics

Population in SG5

31,306

Population in Hitchin

60,216

Town centre distance

3.60 miles away

Nearest school

0.20 miles away

Nearest train station

1.64 miles away

 

 

Rental demand

Landlord's market

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Listed for £275,000

March 4, 2025

Floor Plans

Description

  • CHAIN FREE +
  • IMPRESSIVE HIGH CEILINGS THROUGHOUT +
  • DUAL ASPECT PROPERTY CREATING OPEN SPACES +
  • OPEN ENTERTAINING AREAS +
  • TWO DOUBLE BEDROOMS +
  • EXCELLENT STORAGE +
  • ALLOCATED PARKING SPACE PLUS AMPLE VISITOR PARKING +
  • BEDROOM 1 WITH FEATURE BEAMS +
  • EASY ACCESS TO A1M/M1 AND ALL NORTH LONDON AIRPORTS +
  • TRAINS FROM ARLESEY INTO MAIN KINE LONDON STATIONS CIRCA 38 MINS +

CHAIN FREE... 2 DOUBLE bedrooms... HIGH CEILINGS throughout... allocated PARKING... excellent STORAGE... Feature BEAMS.... Stunning FEATURE WINDOWS... LONG LEASE...

Ground Floor -

Entrance Hallway - Carpeted hallway with door entry system, full height to storage cupboard, housing consumer unit. Under stairs storage space. Staircase leading to the 1st floor, carpeted. Doors leading to:

Lounge/Diner - 5.88m x 4.44m (19'3" x 14'6") - Feature window to rear aspect, carpet, opening leading to Kitchen.

Kitchen - 2.60m x 2.44m (8'6" x 8'0") - A range of wall and base cream shaker style units, tiled splash backs, complimentary work surface and glass display shelves, under plinth lighting. Integrated Neff appliances, slimline dish washer, washing machine/dryer, upright fridge freezer, electric hob, double oven, extractor hood. Stainless steel, single sink with drainer. Wood effect vinyl flooring.

Bedroom 2 - 4.50m x 2.60m (14'9" x 8'6") - Dual aspect windows to rear and side, carpet, 2 door built in wardrobes, with seat and dressing area, overhead cupboards.

Cloakroom - White suite comprising: low level push button wc and pedestal wash hand basin, with half tiled walls. Vinyl wood effect flooring,

First Floor -

Landing 1 - Carpeted landing leading to bathroom.

Bathroom - White suite comprising: push button wc, pedestal wash hand basin, fully tiled panelled bath with wall mounted shower and side taps, fitted with glass screen. Vinyl flooring to be fitted.

Landing 2 - Carpeted landing with fire escape door and full height door to airing cupboard, housing boiler. Door leading to Bedroom 1.

Bedroom 1 - 4.10m x 3.72m (13'5" x 12'2") - Velux window to side aspect, carpet, feature beams, built in 3 door wardrobes, fitted with shelves and rails.

Additional Property Information - Council Tax: Band D
EPC Rating: Band C
Service charge: £ £326.14 pcm
Ground Rent: £75 every 6 months
Leasehold - 983 years remaining

Grade II Listed building
Mains utilities

Local Area - The property is situated within 100's of acres of stunning parkland, all internal pathways and green communal areas are kept to a very high manicured standard. The small parish of Fairfield offers fantastic walks around both the fishing Green Lagoon and sailing Blue lagoon, as well as the established beautiful parkland.

Fairfield Park Lower School is located within Fairfield Park, also locally is Pix Brook Academy, Etonbury Academy and the renowned Samuel Whitbread Academy.

On the park itself there is a Tesco convenience store, Bannatyne Gym and Day Spa, Eden Hair & Beauty Salon along with Fairfield Park Cricket Club, Bowls Club & Community Hall offering meeting facilities, a range of classes or perfect for hiring for private events. There are many secure play parks for children of all ages along with speed restricted tree lined roads for family safety.

Fairfield Park is centrally located to all major link roads A1, link roads to the M1 into London and Cambridge as well as Bedford and Milton Keynes. Fast train links into London Kings Cross & St Pancras via Letchworth and Arlesey are circa 30-40mins.

Agents Notes - The particulars set out above only offers guidance to the property we are selling and does not constitute or form any part of a contract. Any services, equipment, fittings or central heating systems have not been tested and no guarantee is given to their working state.

All measurements are approximate, no items should be ordered without specifically being measured first.

Agent Details

First Step, Stotfold

01462 416014

Next Steps?

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