96 High Street, Codicote, Hitchin, Hertfordshire, SG4 8XE

Description

A Vacant Grade II Listed Two Bedroom Mid Terrace House. The property comprises a Grade II Listed two bedroom mid terrace house arranged over ground and first floors.

Accommodation

Ground Floor: Reception Rooms, Kitchen. First Floor: Two Bedrooms, Bathroom. Exterior: The property benefits from a rear gardens.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Danesbury Park are within easy reach. Transport links are provided by Welwyn North rail station.

Tenure / Property Information

Investment Analysis

Completed sales on the same High Street range from £365,000 to £462,888. The £365,000–£425,000 evidence is used as a cautious scenario range, with £374,000 as base GDV. Comparable bedroom sizes and condition are not supplied, so GDV confidence is limited.

Investment Snapshot

Strategy Recommendation

Potential BTL or BRRR opportunity at the guide, subject to confirming condition, listed-building requirements, legal-pack costs and achievable rent. Do not bid without a full cost assessment.

Works Required

No specific defects or works are evidenced. A survey and listed-building review are required before budgeting; any alterations may require consent.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the base GDV, 75% refinance is approximately £280,500. Total project cost cannot be calculated because refurbishment costs and potential legal/disbursement fees are unknown, so cash extraction cannot be confirmed.

Buy-to-Let Analysis

The £1,500 pcm advertised asking rent implies £18,000 annual rent and a 13.85% gross yield against the £130,000 guide. This excludes works, finance, insurance, tax and special-condition costs; the rent is not an achieved rent.

Flip Analysis

The base GDV is estimated at £374,000, but refurbishment costs, acquisition disbursements and selling costs are unavailable. A reliable flip surplus therefore cannot be established.

Investor Risks & Due Diligence

• Grade II listed status may restrict alterations and increase approval requirements.

• Property condition and refurbishment costs are not evidenced.

• Rental evidence is an advertised asking rent, not an achieved rent.

• Special Conditions of Sale may create additional search, legal, transfer or seller-cost liabilities.

• Sold comparable bedroom sizes, floor areas and condition are not supplied.

Recommendation

Potential BTL or BRRR opportunity at the guide, subject to confirming condition, listed-building requirements, legal-pack costs and achievable rent. Do not bid without a full cost assessment.

Strategy Rating

Analysis Confidence

Good same-street sold-price evidence and one rental asking figure are available, but comparable property details, condition, refurbishment costs, exact property dimensions and special-condition disbursements are not supplied.