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Hertfordshire Village, Hertfordshire AL1 - Image 1

Hertfordshire Village, Hertfordshire AL1

East of England

£799,000
Listed on 27/04/2023

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
£619/sq ft
Avg Rent (weekly)
£373
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (AL1)

Area prices are falling by +2.4% over the last 12 months
3 year growth: -0.6%
5 year growth: 17.9%
Investment Disclaimer: Analysis based on AL1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,927
Based on a loan of £599,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE