2 Bed Bungalow, Refurb/BRRR, Hitchin, SG5 3SH, £150,000

9 Rands Meadow, Holwell, Hitchin, Hertfordshire SG5 3SH - 10 views - a month ago

Sold STC
Auction
Refurb/BRRR
ROI: 3%
54 m²
+6 photos

ValuationFair Value

Sold Prices£156K - £555K
Sold Prices/m²£2.6K/m² - £6.4K/m²

 

 

Square Metres

54 m²
Price/m²£2.8K/m²

Value Estimate

£150,000

 

 

End Value (After Refurb)

£300,000

Uplift in Value

+100%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£25,504

Bridging Loan Interest

£3,938

Total Cash In

£77,391

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£300,000

Agent Fees (1%)

£3,000

Bridging Loan

£112,500

Bridging Loan Interest

£3,938

Flip Profit

£107,109

Local Sold Prices

50 sold prices from £156K to £555K, average is £271K. £2.6K/m² to £6.4K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£385K12/200.24 mi2, St Peters Green, Holwell, Hitchin, Hertfordshire SG5 3SW2
£525K06/210.52 mi2, Waterloo Lane, Holwell, Hitchin, Hertfordshire SG5 3ST2
£385K10/221.22 mi23, Cherry Trees, Lower Stondon, Henlow, Central Bedfordshire SG16 6DT2
£347K03/231.24 mi61, Arlesey Road, Ickleford, Hitchin, Hertfordshire SG5 3TG2
£385K10/211.24 mi4, Cherry Trees, Lower Stondon, Henlow, Bedfordshire SG16 6DT2
£555K09/221.25 mi5, Church Path, Ickleford, Hitchin, Hertfordshire SG5 3YJ2
£230K11/201.31 mi61, Icknield Close, Ickleford, Hitchin, Hertfordshire SG5 3TE2
£257K11/201.35 mi11, Jubilee Close, Henlow, Bedfordshire SG16 6FD2
£305K08/231.35 mi11, Jubilee Close, Henlow, Central Bedfordshire SG16 6FD2
£290K11/221.37 mi8, Fakeswell Lane, Lower Stondon, Henlow, Central Bedfordshire SG16 6JY2
£220K03/211.41 mi33, Astral Close, Lower Stondon, Henlow, Central Bedfordshire SG16 6EL2
£260K10/221.42 mi14, Station Road, Lower Stondon, Henlow, Central Bedfordshire SG16 6JP2
£312K08/221.48 mi8, Endeavour Close, Lower Stondon, Henlow, Central Bedfordshire SG16 6JR2
£210K07/211.51 mi38, Bedford Road, Lower Stondon, Henlow, Central Bedfordshire SG16 6DZ2
£200K05/211.51 mi36, Bedford Road, Lower Stondon, Henlow, Central Bedfordshire SG16 6DZ2
£268K08/211.51 mi30, Bedford Road, Lower Stondon, Henlow, Bedfordshire SG16 6DZ2
£250K12/201.51 mi28, Bedford Road, Lower Stondon, Henlow, Bedfordshire SG16 6DZ2
£255K06/211.51 mi70, Ramerick Gardens, Arlesey, Bedfordshire SG15 6XZ2
£208.5K06/211.54 mi36, Ramerick Gardens, Arlesey, Central Bedfordshire SG15 6XZ2
£207K03/211.54 mi43, Ramerick Gardens, Arlesey, Bedfordshire SG15 6XZ2
£300K07/221.54 mi65, Ramerick Gardens, Arlesey, Central Bedfordshire SG15 6XZ2
£250K03/211.55 mi83, Ramerick Gardens, Arlesey, Bedfordshire SG15 6XZ2
£275K10/201.55 mi76, Ramerick Gardens, Arlesey, Bedfordshire SG15 6XZ2
£261K02/221.55 mi13, Ramerick Gardens, Arlesey, Central Bedfordshire SG15 6XZ2
£267K06/221.55 mi14, Ramerick Gardens, Arlesey, Central Bedfordshire SG15 6XZ2
£280K10/221.55 mi20, Ramerick Gardens, Arlesey, Central Bedfordshire SG15 6XZ2
£325K01/231.57 mi4, Avon Road, Henlow, Central Bedfordshire SG16 6HF2
£300K03/211.59 mi183, Station Road, Lower Stondon, Henlow, Central Bedfordshire SG16 6JE2
£305K03/231.59 mi185, Station Road, Lower Stondon, Henlow, Central Bedfordshire SG16 6JE2
£303.5K09/221.59 mi8, Avon Chase, Henlow, Central Bedfordshire SG16 6HG2
£272K12/201.59 mi1, Avon Chase, Henlow, Central Bedfordshire SG16 6HG2
£260K07/211.59 mi9, Avon Chase, Henlow, Central Bedfordshire SG16 6HG2
£292.5K04/221.59 mi5, Avon Chase, Henlow, Central Bedfordshire SG16 6HG2
£320K11/221.59 mi2, Avon Chase, Henlow, Central Bedfordshire SG16 6HG2
£265K01/211.6 mi29, Derwent Road, Henlow, Central Bedfordshire SG16 6HE2
£270K04/211.6 mi17, Derwent Road, Henlow, Central Bedfordshire SG16 6HE2
£245K02/211.61 mi34, Olympus Road, Henlow, Central Bedfordshire SG16 6HD2
£250K04/211.61 mi48, Olympus Road, Henlow, Central Bedfordshire SG16 6HD2
£255K03/211.61 mi3, Olympus Road, Henlow, Central Bedfordshire SG16 6HD2
£300K07/231.61 mi40, Olympus Road, Henlow, Central Bedfordshire SG16 6HD2
£285K09/211.63 mi47, West Lane, Pirton, Hitchin, Hertfordshire SG5 3QP2
£226.5K03/211.63 mi51, West Lane, Pirton, Hitchin, Hertfordshire SG5 3QP2
£270K01/211.65 mi8, Olympus Road, Henlow, Central Bedfordshire SG16 6HD2
£156K02/211.69 mi96, Hitchin Road, Arlesey, Bedfordshire SG15 6SA2
£267.5K06/211.69 mi76, Hitchin Road, Arlesey, Bedfordshire SG15 6SA2
£280K09/221.7 mi96, Hitchin Road, Arlesey, Central Bedfordshire SG15 6SA2
£260K01/211.72 mi86, Hitchin Road, Arlesey, Bedfordshire SG15 6SA2
£315.5K01/211.72 mi180, Westmill Road, Hitchin, Hertfordshire SG5 2SQ2
£295K10/201.73 mi2, Shillington Road, Pirton, Hitchin, Hertfordshire SG5 3QJ2
£315K05/231.73 mi10, Shillington Road, Pirton, Hitchin, Hertfordshire SG5 3QJ2

Local Rents

49 rents from £775/mo to £3.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£3,50012/240.72 miIckleford, nr Hitchin, Hertfordshire4
£2,00009/241.04 miBelpaire Close, Lower Stondon4
£2,45009/241.05 miBrassey Way, Lower Stondon, HENLOW5
£1,10008/241.15 miWyatt Close, Ickleford, SG52
£1,75008/241.19 miMyrtle Gardens, Lower Stondon, SG163
£2,15011/241.21 mi-3
£2,00009/241.23 miBluebell Drive, Lower Stondon, Henlow4
£1,20008/241.31 miSignal Close, Lower Stondon, SG163
£97512/241.31 miIcknield Close, Ickleford, HITCHIN1
£99506/231.32 mi-2
£1,10009/241.41 miAstral Close, Lower Stondon, SG162
£77508/241.41 miAstral Close, Lower Stondon, Henlow, SG161
£1,50008/241.44 miBirch Grove, Lower Stondon, Henlow, SG163
£2,40008/241.48 miEndeavour Close, Lower Stondon, HENLOW4
£1,50012/241.49 miBunyan Close, Pirton3
£1,00008/241.51 miPeckworth Close, Lower Stondon, SG161
£1,65008/241.53 miPirton, Hertfordshire2
£1,45009/241.55 miHillside Road, Upper Stondon, Henlow, SG163
£1,10008/241.55 miRamerick Gardens, Arlesey, SG152
£1,00008/241.55 miRamerick Gardens Arlesey , SG15 6XZ1
£1,10008/241.55 miRamerick Gardens, Arlesey, SG152
£1,85002/251.55 mi-3
£99510/241.55 mi-2
£1,60008/241.55 miRamerick Gardens, Arlesey, SG153
£97508/241.57 mi-2
£1,35002/241.57 mi-2
£1,07506/241.6 mi-2
£1,65008/241.6 miStation Road, Lower Stondon, Henlow, SG16 6JJ3
£1,10010/241.62 mi-2
£1,10009/241.63 mi2 Beds Flat, Henlow Camp, Henlow2
£1,90008/241.66 miLower Stondon, Bedfordshire4
£1,40012/241.73 miShillington Road, Pirton, SG52
£1,32508/241.73 miFranks Close, Henlow, Bedfordshire, SG163
£1,75008/241.78 miHurricane Avenue, Lower Stondon, SG16 6NW3
£1,45008/241.78 miHitchin Road, Arlesey, SG152
£2,00003/251.78 mi-3
£1,65008/241.79 miHitchin Road, Arlesey, SG153
£1,40008/241.8 miKing Georges Close, Hitchin, SG52
£1,20008/241.81 miGreat Green, Pirton, SG52
£1,10008/241.84 miShepherds Mead, HITCHIN2
£2,00012/241.85 miWellingham Avenue, Hitchin4
£1,00008/241.85 miHampden House, Arlesey1
£80008/241.85 mi-1
£1,49512/241.88 miThe Mead, Hitchin2
£2,00008/241.92 miHeathfield Road, Hitchin, Hertfordshire, SG53
£1,19509/241.98 mi-2
£96003/251.98 mi-2
£1,70008/242 miBrampton Park Road, Hitchin, SG53
£1,07501/252 mi-2

Local Area Statistics

Population in SG5

31,306

Population in Hitchin

60,216

Town centre distance

2.49 miles away

Nearest school

1.20 miles away

Nearest train station

2.68 miles away

 

 

Rental demand

Landlord's market

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Listed for £150,000

March 4, 2025

Floor Plans

Description

  • Semi detached non standard construction bungalow +
  • Village location +
  • In need of renovation throughout +
  • Ideal redevelopment project +
  • Guide price: £150,000 +
  • For sale by livestream auction +
  • Unless previously sold or withdrawn prior +
  • 11:00am, Wednesday 26th March 2025 +

SOLD PRIOR TO AUCTION
Vacant semi detached bungalow of non standard construction in village location This semi detached two bedroom bungalow of non standard construction has been in the same family for a number of years but is now to be sold vacant. It is in need of renovation throughout so would make an ideal redevelopment project for an owner occupier or investor.

The property is comprised of an entrance hall, living room, kitchen, two bedrooms, a bathroom and two lean-tos that could offer potential for redevelopment.

The bungalow is located in the village of Holwell, not too far from the market town of Hitchin.
Accomodation Entrance hall, lounge, kitchen, bathroom, bedroom one, bedroom two, two lean-to rooms.
Outside Front and rear gardens
Council Tax Band A Tenure: Freehold EPC Rating: D Administration Fee: £1200 inc VAT payable on exchange of contracts. Buyer's Premium Fee: £1200 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Agent Details

Auction House, East Anglia

01603 361653

Next Steps?

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