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Cadwell Lane, Hitchin

East of England

£115,000
Listed on 07/04/2026

Property Details

Bedrooms
1
Type
Flat
Area
474 sqft

Description

This is a compelling investment opportunity situated in a desirable area, conveniently located near shops, parks, and local amenities, including Hitchin's mainline station offering quick access to Central London. The one-bedroom apartment occupies the first floor of a modest purpose-built block and benefits from secure parking at the rear. While the interior requires comprehensive renovation, its spacious layout offers substantial potential for transformation into a charming residence or an attractive rental unit. Note that only cash buyers can apply due to the current lease term of 63 years; extending the lease by an additional 90 years is estimated to cost around £25,000.

Investment Analysis

(SG4 area)

Below Market Value

This property is priced -50.9% below area average per sq ft

-50.9%
Potential saving
This Property
£243/sq ft
Area Average
£494/sq ft
Avg Rent (weekly)
£308
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£257,493
10% above area average per sq ft
Potential ROI
+83.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (SG4)

Area prices are falling by -2.2% over the last 12 months
3 year growth: +5.7%
5 year growth: +5.7%
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

Cadwell Lane, Hitchin
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£407
Based on a loan of £86,250 over 30 years at 3.91% 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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