3 Bed Flat, Single Let, Letchworth Garden City, SG6 2SB, £230,000

Upper Maylins, Letchworth Garden City, SG6 2SB - 1 views - 8 months ago

Sold STC
Leasehold
BTL
ROI: 7%
~93 m²
+4 photos

Valuation

Sold Prices£207K - £383.5K
Sold Prices/m²£4.5K/m² - £5.6K/m²

 

 

Square Metres

~93 m²
Price/m²£2.5K/m²

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£14,800

Total Cash In

£72,300

 

 

Cash Out

 

Rent Range

£1,400 - £1,750

Rent Estimate

£1,424

Running Costs/mo

£1,024

Cashflow/mo

£400

Cashflow/yr

£4,805

ROI

7%

Gross Yield

7%

Local Sold Prices

3 sold prices from £207K to £383.5K, average is £360K.

PriceDateDistanceAddressBeds 
£207K03/211.28 mi33, Hillcrest, Baldock, Hertfordshire SG7 6NF3
£383.5K12/221.44 mi49, High Avenue, Letchworth Garden City, Hertfordshire SG6 3QR3
£360K04/232.02 mi85, Mullway, Letchworth Garden City, Hertfordshire SG6 4BQ3

Local Rents

11 rents from £1.4K/mo to £1.8K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,40008/240.04 miUpper Maylins, Letchworth Garden City, SG63
£1,40008/240.04 mi-3
£1,70012/240.11 mi-3
£1,50012/240.15 mi-3
£1,50008/240.15 miAlban Road, Letchworth Garden City, SG63
£1,49512/240.19 miYardley, Letchworth Garden City3
£1,70012/240.2 miLannock, LETCHWORTH GARDEN CITY3
£1,50008/240.23 miYardley, Letchworth garden city, Hertfordshire, SG63
£1,65008/240.25 mi-3
£1,75003/250.25 mi-3
£1,70008/240.62 miBaldock Road, Letchworth Garden City3

Local Area Statistics

Population in SG6

33,166

Population in Letchworth Garden City

33,209

Town centre distance

0.94 miles away

Nearest school

0.30 miles away

Nearest train station

1.27 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Price changed to £230,000

December 28, 2024

Listed for £240,000

August 20, 2024

Floor Plans

Description

  • First floor apartment +
  • Chain free +
  • Three good sized bedrooms +
  • Modern four piece bathroom suite +
  • Off street parking +
  • Garage +
  • Close to local amenities +
  • Communal gardens +
  • Leasehold - 89 years remaining +
  • EPC rating B. Council tax band B +

This generously proportioned three bedroom flat in the heart of Letchworth offers a perfect blend of comfort, style, and practicality. Situated just a short walk from a range of local amenities, this home is designed to meet the needs of modern living. The spacious living area is ideal for both relaxation and entertaining, while the contemporary kitchen, complete with a breakfast bar, provides a welcoming space for casual dining and culinary creativity. Each of the three bedrooms is well-sized, offering plenty of room for personal retreat or family living. The property also boasts a beautifully finished four-piece bathroom suite, featuring a separate bathtub and shower, ensuring a touch of luxury in your daily routine. Outside, residents can unwind in the tranquil communal garden, a lovely space to enjoy fresh air and sunshine. With the added benefit of off-street parking, this flat is perfectly suited for families or professionals seeking a comfortable, well-connected home in a highly desirable location.

Agent Details

Satchells Estate Agents, Letchworth

01462 415925

Next Steps?

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