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The Ridgeway, Codicote, Hitchin, SG4

East of England

£175,000
Listed on 18/01/2026

Property Details

Bedrooms
2
Type
Flat

Description

This ground floor property presents a significant opportunity for renovation enthusiasts, requiring comprehensive modernization throughout. The space comprises a lounge/diner, kitchen, two bedrooms, a bathroom, an enclosed porch, and the added benefit of a garage en-bloc alongside external storage. Given the limited lease term, this property is exclusively available to cash buyers, making it particularly attractive to investors looking for a project with potential upside. The existing layout allows for creative reconfiguration while addressing the current lack of insulation in floors and walls could enhance energy efficiency significantly.

Investment Analysis

(SG4 area)
Area Average
£497/sq ft
Avg Rent (weekly)
£322
Avg Yield
3.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (SG4)

Area prices are stable by +2.0% over the last 12 months
3 year growth: 2.3%
5 year growth: 8.1%
Investment Disclaimer: Analysis based on SG4 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

The Ridgeway, Codicote, Hitchin, SG4
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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
£641
Based on a loan of £131,250 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