2 Bed Flat, Single Let, Letchworth Garden City, SG6 3ED, £180,000

Leys Avenue, Letchworth Garden City, SG6 3ED - 10 months ago

Leasehold
BTL
ROI: 4%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£188K - £525K
Sold Prices/m²£2.6K/m² - £4.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£216,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£11,300

Total Cash In

£56,300

 

 

Cash Out

 

Rent Range

£565 - £1,795

Rent Estimate

£934

Running Costs/mo

£769

Cashflow/mo

£165

Cashflow/yr

£1,976

ROI

4%

Gross Yield

6%

Local Sold Prices

33 sold prices from £188K to £525K, average is £217K. £2.6K/m² to £4.6K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£190K05/210.11 miFlat 7, Palace Court, Eastcheap, Letchworth Garden City, Hertfordshire SG6 3DD2
£196K12/210.12 miFlat 6, Palace Court, Eastcheap, Letchworth Garden City, Hertfordshire SG6 3DD2
£200K06/210.29 miFlat 71, Birchwood Court, Norton Way North, Letchworth Garden City, Hertfordshire SG6 1BH2
£208K06/210.29 miFlat 85, Birchwood Court, Norton Way North, Letchworth Garden City, Hertfordshire SG6 1BH2
£195K03/210.32 mi55, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QE2
£193K10/200.32 mi44, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QE2
£200K03/210.32 mi62, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QE2
£204K06/210.34 miFlat 38, Dunkerley Court, Birds Hill, Letchworth Garden City, Hertfordshire SG6 1FE2
£225K05/230.34 miFlat 3, Dunkerley Court, Birds Hill, Letchworth Garden City, Hertfordshire SG6 1FE2
£209K12/220.35 mi86, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QF2
£200K05/230.37 mi66, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QF2
£245K04/230.41 mi21, Icknield Green, Letchworth Garden City, Hertfordshire SG6 4DL2
£193.5K10/210.41 mi47, Bidwell Close, Letchworth Garden City, Hertfordshire SG6 1QR2
£220K05/210.41 mi29, Bidwell Close, Letchworth Garden City, Hertfordshire SG6 1QR2
£525K03/230.43 mi17, Ralph Swingler Place, Letchworth Garden City, Hertfordshire SG6 3GZ2
£221K02/210.48 mi58, Ascot Drive, Letchworth Garden City, Hertfordshire SG6 1FZ2
£230K07/230.52 mi61, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£215K01/210.52 mi99, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£232K07/230.52 mi89, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£230K10/210.53 mi79, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£220K03/210.53 mi54, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FN2
£249.5K02/230.6 mi53, Bowyer Drive, Letchworth Garden City, Hertfordshire SG6 1FX2
£226.6K10/220.6 mi55, Bowyer Drive, Letchworth Garden City, Hertfordshire SG6 1FX2
£188K08/210.62 mi84b, Icknield Way, Letchworth Garden City, Hertfordshire SG6 4AW2
£217K09/210.67 mi80, High Avenue, Letchworth Garden City, Hertfordshire SG6 3QW2
£229K08/210.68 mi76, High Avenue, Letchworth Garden City, Hertfordshire SG6 3QW2
£242K10/220.68 mi84, High Avenue, Letchworth Garden City, Hertfordshire SG6 3QW2
£240K10/220.68 mi58, High Avenue, Letchworth Garden City, Hertfordshire SG6 3QW2
£232K02/210.68 mi111, High Avenue, Letchworth Garden City, Hertfordshire SG6 3QW2
£197.5K04/210.68 mi23, Radburn Way, Letchworth Garden City, Hertfordshire SG6 2JW2
£200K03/210.68 mi33, Radburn Way, Letchworth Garden City, Hertfordshire SG6 2JW2
£200K09/210.69 mi64, Cromwell Road, Letchworth Garden City, Hertfordshire SG6 1DT2
£240K12/220.7 mi105, High Avenue, Letchworth Garden City, Hertfordshire SG6 3QW2

Local Rents

15 rents from £565/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25001/240.08 mi-2
£1,25001/240.08 mi-2
£58512/240.14 mi-2
£56502/230.14 mi-2
£1,79503/250.14 mi-2
£1,35008/240.17 mi-2
£1,42503/250.33 mi-2
£1,40012/240.33 miPix Road, Letchworth Garden City, SG62
£1,07511/230.41 mi-2
£1,10008/240.42 miChagny Close, Letchworth Garden City, SG62
£1,05008/240.42 mi-2
£1,30012/240.52 miWissen Drive, Letchworth Garden City, SG62
£1,05008/240.53 miLawrence Avenue, Letchworth Garden City, SG62
£1,45012/240.56 miSpringshott, Letchworth, SG62
£1,50012/240.59 miLindsell Avenue, Letchworth Garden City2

Local Area Statistics

Population in SG6

33,166

Population in Letchworth Garden City

33,209

Town centre distance

0.32 miles away

Nearest school

0.30 miles away

Nearest train station

0.14 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Price changed to £180,000

February 28, 2025

Listed for £200,000

June 5, 2024

Floor Plans

Description

  • Two bedroom apartment +
  • Ideal buy to let +
  • Town centre location +
  • Walking distance to Letchworth train station +
  • Spacious living room +
  • Needs modernising +
  • Leasehold - 99 years from 1986 +
  • Allocated Parking Space +
  • EPC rating E. Council tax band B +

Situated in the centre of Letchworth town, this two-bedroom apartment offers an enticing opportunity for both first-time buyers and investors. Its large and light-filled living space, kitchen, and two double bedrooms provide a cosy retreat, while the town centre location ensures convenience at your doorstep with shops, restaurants, and public transportation. With a blend of style and practicality, this apartment offers fantastic potential which is need of modernizing, yet practical and perfectly suited for those looking to step onto the property ladder or expand their investment portfolio.

Agent Details

Satchells Estate Agents, Letchworth

01462 415925

Next Steps?

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