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Hertfordshire Village, Hertfordshire AL1 - Image 1

Hertfordshire Village, Hertfordshire AL1

East of England

£799,000
Listed on 26/04/2023

Property Details

Bedrooms
N/A
Type
Detached house

Description

This characterful pub features a well-appointed three-bedroom accommodation alongside two self-contained Airbnb apartments, all situated on a generous 0.89-acre site. The property is enhanced by ample parking space for over 20 vehicles and private gardens, nestled in a scenic semi-rural village within Hertfordshire. Recognized as a public house for more than a century and designated as Grade II*, the premises have been lovingly maintained by the same owners since 2014, who have invested significantly in upgrades and expansions. These improvements include the construction of two modern Airbnb apartments in 2020, each capable of generating up to £120 per night plus cleaning fees. This presents an immediate income opportunity with potential for further revenue growth through additional vacation rentals or enhancements to existing accommodations. The property's location offers distinct advantages, being centrally positioned in a charming village that attracts both locals and visitors alike. There is considerable scope for development beyond its current use; possibilities such as establishing additional Airbnb units, transforming the venue into a unique dining destination or pub, or even converting it into a wedding venue may be explored with the appropriate planning permissions. This property represents an enticing investment opportunity for those looking to capitalize on its existing framework while exploring new concepts and developments. Early viewing is recommended for serious inquiries only.

Investment Analysis

(AL1 area)
Area Average
£625/sq ft
Avg Rent (weekly)
£385
Avg Yield
3.8%

Renovation Potential

Est. Renovation Cost
£79,900 - £199,750
10-25% of property value
Monthly Sales
35
Average per month
Market Turnover
37%
Properties sold annually

Local Market Trend (AL1)

Area prices are falling by +2.4% over the last 12 months
3 year growth: -0.8%
5 year growth: 15.7%
Investment Disclaimer: Analysis based on AL1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Hertfordshire Village, Hertfordshire AL1
Map showing location of Hertfordshire Village, Hertfordshire AL1
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