6, Bridge Street, Hemel Hempstead, Hertfordshire, HP1 1EF

Description

Leasehold self-contained third-floor flat with private balcony. Requires a programme of refurbishment and upgrading to modern standards, with potential to create a three-bedroom flat of approximately 700 sq. ft.

Accommodation

Entrance Hall, Three Bedrooms, Open plan Reception Room with Kitchen and Balcony access, Bathroom/wc

Location

Located in the heart of Hemel Hempstead with immediate access to varied shopping facilities and recreational pursuits. Hemel Hempstead is a commuter town at the junction of the M1 and A41, with direct train links to London Euston and journey times of less than 30 minutes.

Tenure / Property Information

Investment Analysis

The strongest evidence is the completed sale of the same address for £82,500 on 14 November 2025. Other Bridge Street leasehold flat sales range from £125,000 to £150,000, but no comparable sizes, conditions, floors, lease terms or specifications are supplied, so they cannot support a reliable adjustment. A base GDV of £82,500 is therefore used, with no defensible low/high scenario range.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, inspecting the refurbishment requirement and confirming lease costs, parking, heating and any seller fees. The current evidence does not support a reliable BTL, BRRR or flip bid.

Works Required

Refurbishment and upgrading to modern standards, subject to inspection and specification. The supplied description supports retaining or creating the stated three-bedroom layout of approximately 700 sq. ft.; no specific defects or costed works are evidenced.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the supported base GDV of £82,500, a 75% refinance would be approximately £61,875. Total acquisition, refurbishment, service-charge and other completion costs are not sufficiently evidenced, so cash required and refinance viability cannot be calculated.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is supplied, so rent and gross yield cannot be established. The flat is vacant and requires refurbishment, while service charge and ground rent remain unconfirmed.

Flip Analysis

The exact-address completed sale at £82,500 provides a relevant resale indicator, but refurbishment costs, selling costs and the condition/specification gap are unknown. A reliable flip surplus or maximum bid cannot therefore be calculated.

Investor Risks & Due Diligence

• Refurbishment scope and cost are not supplied.

• Annual service charge, ground rent, review period and increases are unconfirmed.

• The seller may charge additional completion fees under the special conditions.

• The lease has approximately 84 years remaining as stated.

• No reliable rental evidence or auctioneer rent estimate is available.

• Parking and heating details are unconfirmed.

• The comparable sales do not include sufficient property detail for reliable adjustment.

Recommendation

Proceed only after reviewing the legal pack, inspecting the refurbishment requirement and confirming lease costs, parking, heating and any seller fees. The current evidence does not support a reliable BTL, BRRR or flip bid.

Strategy Rating

Analysis Confidence

An exact-address completed sale supports the base GDV, but refurbishment costs, rent, lease charges, seller fees and several property details are unavailable; other comparables lack sufficient specification.