20 Kimpton Close, Hemel Hempstead, Hertfordshire, HP2 7PN

Description

A Vacant Ground Floor One Bedroom Flat. The property comprises a ground floor one bedroom flat situated within a purpose built block arranged over ground and two upper floors.

Accommodation

Ground Floor: Reception Room; Kitchen; Bedroom; Bathroom. Exterior: The property benefits from communal gardens.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Grovehill and Woodhall Farm Adventure Playground are within easy reach. Transport links are provided by Hemel Hempstead rail station and the M1.

Tenure / Property Information

Investment Analysis

Same-road completed sales range from £135,000 to £175,000, including a £163,000 sale in March 2025. As bedroom count and condition are not supplied for the comparables, £163,000 is used as the base GDV, with a cautious £135,000–£175,000 evidence range.

Investment Snapshot

Strategy Recommendation

Investigate as a potential BTL purchase at the guide, subject to legal-pack, leasehold-cost and rent validation. Do not bid without confirming total costs and condition.

Works Required

No specific refurbishment works are evidenced. Verify condition, service charge, lease terms, utilities and legal-pack requirements before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A £163,000 base GDV implies potential 75% refinance proceeds of £122,250. However, refurbishment costs, purchase costs beyond the £1,800 admin charge, finance costs and leasehold charges are unavailable, so cash-left-in and project returns cannot be established.

Buy-to-Let Analysis

At the £75,000 guide, the advertised £1,000 pcm rent implies a 16.00% gross yield before fees, finance, service charge, maintenance and voids. The rent is an asking rent, not an achieved passing rent, and costs are incomplete.

Flip Analysis

The base GDV is supported by same-road sales, but no refurbishment allowance, selling costs or complete acquisition costs are available. A reliable flip surplus therefore cannot be calculated.

Investor Risks & Due Diligence

• Advertised rent may not be achievable.

• Leasehold service charges and ground rent are not supplied.

• Approximately 84 years remain on the lease.

• Property condition and refurbishment requirements are unknown.

• Buyer disbursements and other purchase costs may apply.

• Comparable bedroom counts and condition are not provided.

Recommendation

Investigate as a potential BTL purchase at the guide, subject to legal-pack, leasehold-cost and rent validation. Do not bid without confirming total costs and condition.

Strategy Rating

Analysis Confidence

Recent same-road sale and advertised rent are available, but comparable specifications, condition, service charges, council tax, parking, refurbishment costs and several fees are missing.