Stanstead Drive, Hoddesdon
London
£130,000
Listed on 28/10/2026
Listed on 28/10/2026
The listing
Property details
Bedrooms
1Type
FlatArea
346 sqftFeatures
- Garden
Description
Kirby Colletti are marketing this chain-free, one-bedroom first-floor flat on Stanstead Drive, Hoddesdon, for cash buyers due to its short lease. The accommodation comprises an entrance hall with storage, a lounge/dining room, a separate kitchen, one bedroom and a bathroom with WC. The lounge and bedroom have double-glazed windows, and the kitchen has a wall-mounted gas boiler. The flat is described as needing modernisation, offering scope for a buyer to update the interior. The listing states that the 48-year lease may be extended by a further 90 years for approximately £40,000, plus legal costs. The property has its own front garden and is within reach of local shops, schools, amenities and Rye House station, with the A10 and M25 nearby. Service charge and ground rent are to be confirmed. Council tax is Band A.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
46out of 100
Grade ELow opportunity
Confidence: MEDIUM
At £130,000, this flat is priced below the local average per square foot, giving buyers a comparatively inexpensive entry point for a one-bedroom home they can update to their own taste. The visible project is medium in scale: the main interiors have dated finishes, while the overgrown garden and deteriorated timber structures offer scope for a clear outdoor improvement too.
The low purchase price does not by itself make the numbers compelling: adding a mid-to-substantial works programme leaves the overall cost stretched against local benchmarks for a flat of this size. The 48-year lease is also a major part of the buying decision; the listing gives an approximate extension cost, so buyers should verify the terms and obtain professional advice before proceeding.
Key opportunities
- Refresh the dated interior finishes and make the compact kitchen and bathroom feel more current.
- Clear and improve the overgrown rear garden, replacing or repairing deteriorated fencing and timber structures.
- Acquire at a price below the local average per square foot and shape the flat to suit your own taste.
Key risks
- The short lease is a substantial financial and legal consideration; confirm extension terms and costs, along with service charge and ground rent.
- Even at the comparatively low purchase price, a mid-to-substantial works programme leaves the overall outlay stretched against local benchmarks for this floor area.
- All-in costs look stretched with the asking price plus a meaningful modernisation spend, about 17% ahead of typical local benchmarks for this size — current-condition benchmarks only, not after-works GDV.
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Transport
Nearest stations
Rye House Rail Station
0.5 miles
Train · Rye Park
St Margarets (Herts) Rail Station
1.3 miles
Train · St Margarets
Broxbourne Rail Station
1.6 miles
Train · Broxbourne
Roydon Rail Station
1.9 miles
Train · Roydon
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£491
Based on a loan of £97,500 over 30 years at 4.45% 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.
Tax
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