2 Bed Flat, Single Let, Letchworth Garden City, SG6 2PE, £185,000

Kyrkeby, Letchworth Garden City, SG6 2PE - 1 views - 10 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£172.5K - £525K
Sold Prices/m²£2.6K/m² - £4.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.7K/m²

Value Estimate

£207,796
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£11,650

Total Cash In

£57,900

 

 

Cash Out

 

Rent Range

£565 - £1,795

Rent Estimate

£963

Running Costs/mo

£791

Cashflow/mo

£172

Cashflow/yr

£2,067

ROI

4%

Gross Yield

6%

Local Sold Prices

23 sold prices from £172.5K to £525K, average is £215K. £2.6K/m² to £4.6K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£207K05/230.08 mi84, Kyrkeby, Letchworth Garden City, Hertfordshire SG6 2PG2
£172.5K10/200.16 mi49, Newells, Letchworth Garden City, Hertfordshire SG6 2PL2
£197.5K04/210.28 mi23, Radburn Way, Letchworth Garden City, Hertfordshire SG6 2JW2
£200K03/210.28 mi33, Radburn Way, Letchworth Garden City, Hertfordshire SG6 2JW2
£193.5K10/210.56 mi47, Bidwell Close, Letchworth Garden City, Hertfordshire SG6 1QR2
£220K05/210.56 mi29, Bidwell Close, Letchworth Garden City, Hertfordshire SG6 1QR2
£230K10/210.6 mi79, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£230K07/230.61 mi61, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£215K01/210.61 mi99, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£232K07/230.61 mi89, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£249.5K02/230.62 mi53, Bowyer Drive, Letchworth Garden City, Hertfordshire SG6 1FX2
£226.6K10/220.62 mi55, Bowyer Drive, Letchworth Garden City, Hertfordshire SG6 1FX2
£220K03/210.62 mi54, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FN2
£221K02/210.67 mi58, Ascot Drive, Letchworth Garden City, Hertfordshire SG6 1FZ2
£525K03/230.78 mi17, Ralph Swingler Place, Letchworth Garden City, Hertfordshire SG6 3GZ2
£204K06/210.92 miFlat 38, Dunkerley Court, Birds Hill, Letchworth Garden City, Hertfordshire SG6 1FE2
£225K05/230.92 miFlat 3, Dunkerley Court, Birds Hill, Letchworth Garden City, Hertfordshire SG6 1FE2
£230K02/230.97 mi126, Chiltern Road, Baldock, Hertfordshire SG7 6LU2
£208K10/200.97 mi126, Chiltern Road, Baldock, Hertfordshire SG7 6LU2
£180K05/210.98 mi119, London Road, Baldock, Hertfordshire SG7 6NA2
£180K05/210.98 mi119, London Road, Baldock, Hertfordshire SG7 6NA2
£190K05/210.99 miFlat 7, Palace Court, Eastcheap, Letchworth Garden City, Hertfordshire SG6 3DD2
£196K12/211 miFlat 6, Palace Court, Eastcheap, Letchworth Garden City, Hertfordshire SG6 3DD2

Local Rents

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

RentDateDistanceAddressBeds 
£95008/240.15 mi-2
£1,05008/240.54 miLawrence Avenue, Letchworth Garden City, SG62
£1,05008/240.56 mi-2
£1,30012/240.63 miWissen Drive, Letchworth Garden City, SG62
£1,40012/240.71 miPix Road, Letchworth Garden City, SG62
£1,42503/250.72 mi-2
£1,40008/240.74 miHoward Drive, Letchworth Garden City, SG62
£1,35008/240.97 mi-2
£1,79503/250.99 mi-2
£1,25001/241 mi-2
£1,25001/241 mi-2
£1,20008/241.04 miSollershott Hall, Sollershott East, Letchworth Garden City, SG62
£58512/241.05 mi-2
£1,20011/231.05 mi-2
£56502/231.06 mi-2
£1,07008/241.07 mi-2
£1,45008/241.08 miChiltern Road, Baldock, SG72
£1,25008/241.11 miGlebe Road, Letchworth Garden City2

Local Area Statistics

Population in SG6

33,166

Population in Letchworth Garden City

33,209

Town centre distance

0.80 miles away

Nearest school

0.10 miles away

Nearest train station

1.07 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Price changed to £185,000

December 26, 2024

Price changed to £190,000

December 4, 2024

Listed for £200,000

June 6, 2024

Floor Plans

Description

  • Ground floor apartment with spacious accommodation. +
  • Well presented throughout. +
  • Communal gardens and parking. +
  • Walking distance to local shops and schools. +
  • Great access links to the A1(M). +
  • Perfect for a first time buyer/investor. +
  • Quiet location. +
  • Integrated appliances. +

SUMMARY
* SPACIOUS ACCOMMODATION * Offered to the market is this well presented apartment positioned within a quiet location and is also within close proximity to the A1(M). The property benefits from an entrance hall, lounge, kitchen, two good size bedrooms, bathroom, and communal areas/bays parking.

DESCRIPTION
Letchworth Garden City:...
Letchworth is the world's first Garden City that was founded by Ebenezer Howard in 1903, with a vision that would relieve the poverty and slum conditions suffered by so many within the late Victorian era. With a dream of Garden Cities where the best elements of town and country would be combined from the town in order to be used to benefit the ordinary townspeople. Now more than 100 years on, the Estate is now managed by the Heritage Foundation.

Location:
- 35 minutes to London King's Cross by train.
- A1(M), junctions 9 & 10. Stevenage (9 miles). Welwyn Garden City (14 miles). M25 (20 miles). Luton (14 miles). Cambridge (25 miles).
- Local Airports - Luton (13 miles) and Stansted (29 miles).

Education:
- Eleven schools provide a mix of infant, junior and primary level education.
- A specialist primary school for children with moderate learning difficulties.
- Two secondary schools, The Highfield School (Science Specialist) and Fearnhill School (Maths and Computing College).
- Two independent schools, St Christopher School and St Francis' College.

Leisure Facilities:
- 13.6 mile Garden City Greenway - Letchworth's circular walk and cycle path.
- Standalone Farm.
- First Garden City Heritage Museum.
- Health & Fitness - Outdoor and indoor swimming pools, North Herts Leisure Centre, Nuffield Health Club, Spirella Fitness and more...
- Sport - Over 20 Garden City clubs, football, rugby, badminton, running club and more...

Internal  
The apartment is situated on the ground floor.

Entrance Hall  
Secure entry phone intercom access, laminate flooring, radiator, and two built in cupboards.

Kitchen 7' 8" x 10' 9" ( 2.34m x 3.28m )
Fully fitted kitchen with work tops, matching wall and base units, integrated cooker and induction hob, wall mounted boiler, double glazed window, tiled floor and walls, space for washing machine and fridge freezer - appliances to stay.

Lounge  11' 3" x 15' 2" ( 3.43m x 4.62m )
Double glazed dual aspect windows, laminate flooring, radiator and TV point.

Bedroom 1 9' 9" x 14' 7" ( 2.97m x 4.45m )
Double glazed dual aspect windows, carpet and radiator.

Bedroom 2 10' 2" x 8' ( 3.10m x 2.44m )
Double glazed window, fitted carpet and radiator.

Bathroom 
Fully fitted bathroom suite with bathtub and shower over, built in cupboard, tiled floor and walls, low level WC, wash hand basin, heated towel rail and wall mounted cabinet.

External 

Communal Gardens & Parking 
Communal gardens surround the property and there is ample parking bays.

Agent Notes 
Tenure: Leasehold.
Lease Length: 125 years from 1 February 1988.
Ground Rent: £10 per year. (vendor advises).
Service Charge: £650 per year. (vendor advises).
Appliances to stay in the kitchen.

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Letchworth Garden City

01462 415703

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