3 Bed Terraced House, Refurb/BRRR, Letchworth Garden City, SG6 3RQ, £280,000

14 West View, Letchworth Garden City, Hertfordshire, SG6 3RQ - 1 views - 7 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 4%
~69 m²
+3 photos

ValuationFair Value

Sold Prices£243K - £825K
Sold Prices/m²£3.4K/m² - £7.7K/m²

 

 

Square Metres

~69.40 m²
Price/m²£4K/m²

Value Estimate

£282,800

 

 

End Value (After Refurb)

£304,945

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£11,100

Refurb Costs

£33,074

Bridging Loan Interest

£7,350

Total Cash In

£123,274

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£304,945

Mortgage (After Refinance)

£228,709

Mortgage LTV

75%

Cash Released

£18,709

Cash Left In

£104,565

Equity

£76,236

Rent Range

£1,295 - £2,750

Rent Estimate

£1,698

Running Costs/mo

£1,313

Cashflow/mo

£385

Cashflow/yr

£4,625

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £243K to £825K, average is £435K. £3.4K/m² to £7.7K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£370K10/200.08 mi81, High Avenue, Letchworth Garden City, Hertfordshire SG6 3QR3
£677K07/210.11 mi53, Highfield, Letchworth Garden City, Hertfordshire SG6 3PY3
£315K11/200.11 mi38, Chiltern View, Letchworth Garden City, Hertfordshire SG6 3RH3
£491.3K03/210.12 mi66, Highfield, Letchworth Garden City, Hertfordshire SG6 3PZ3
£740K11/220.13 mi42, Highfield, Letchworth Garden City, Hertfordshire SG6 3PZ3
£375K12/200.16 mi12, Campers Avenue, Letchworth Garden City, Hertfordshire SG6 3SR3
£375K03/230.16 mi33, High Avenue, Letchworth Garden City, Hertfordshire SG6 3QS3
£360K04/210.19 mi22, Westbury Place, Letchworth Garden City, Hertfordshire SG6 3SS3
£340K02/210.21 mi47, Hillbrow, Letchworth Garden City, Hertfordshire SG6 3RD3
£442.5K05/230.22 mi33, Campers Road, Letchworth Garden City, Hertfordshire SG6 3QT3
£605K05/210.25 mi83, Spring Road, Letchworth Garden City, Hertfordshire SG6 3SL3
£354K09/210.28 mi13, Burnell Rise, Letchworth Garden City, Hertfordshire SG6 3RN3
£435K02/210.31 mi71, Lindsell Avenue, Letchworth Garden City, Hertfordshire SG6 4DG3
£450K04/230.32 mi71, Lindsell Avenue, Letchworth Garden City, Hertfordshire SG6 4DG3
£335K02/210.34 mi8, Martin Way, Letchworth Garden City, Hertfordshire SG6 4XU3
£435K03/210.35 mi8, Lindsell Avenue, Letchworth Garden City, Hertfordshire SG6 4DQ3
£435K10/200.4 mi123, Icknield Way, Letchworth Garden City, Hertfordshire SG6 4AR3
£470K03/210.4 mi119, Icknield Way, Letchworth Garden City, Hertfordshire SG6 4AR3
£520K06/210.41 mi111, Icknield Way, Letchworth Garden City, Hertfordshire SG6 4AR3
£655K03/210.45 mi18, Field Lane, Letchworth Garden City, Hertfordshire SG6 3LE3
£540K10/220.46 mi77, Icknield Way, Letchworth Garden City, Hertfordshire SG6 4AX3
£575K03/230.47 mi3, The Meads, Letchworth Garden City, Hertfordshire SG6 3SE3
£290K03/210.48 mi4, Chagny Close, Letchworth Garden City, Hertfordshire SG6 4BY3
£825K11/220.51 mi23, South View, Letchworth Garden City, Hertfordshire SG6 3JJ3
£425K01/230.51 mi106, Archers Way, Letchworth Garden City, Hertfordshire SG6 4UJ3
£470K06/210.52 mi35, Station Way, Letchworth Garden City, Hertfordshire SG6 3SD3
£318K11/210.52 mi103, Bursland, Letchworth Garden City, Hertfordshire SG6 4UY3
£365K05/230.53 mi20, Abbotts Road, Letchworth Garden City, Hertfordshire SG6 4UR3
£365K11/220.53 mi28, Abbotts Road, Letchworth Garden City, Hertfordshire SG6 4UR3
£750K06/230.53 mi24, Broadwater Avenue, Letchworth Garden City, Hertfordshire SG6 3HE3
£495K03/210.53 mi16, Broadwater Avenue, Letchworth Garden City, Hertfordshire SG6 3HE3
£665K05/230.53 mi28, Souberie Avenue, Letchworth Garden City, Hertfordshire SG6 3JA3
£615K09/210.57 mi63, Lytton Avenue, Letchworth Garden City, Hertfordshire SG6 3HY3
£327K01/230.58 mi152, Mullway, Letchworth Garden City, Hertfordshire SG6 4BD3
£310K06/210.58 mi154, Mullway, Letchworth Garden City, Hertfordshire SG6 4BD3
£433K10/200.61 mi170, Icknield Way, Letchworth Garden City, Hertfordshire SG6 4AE3
£490K03/210.61 mi131, Icknield Way, Letchworth Garden City, Hertfordshire SG6 4AD3
£450K10/200.62 mi24, Haselfoot, Letchworth Garden City, Hertfordshire SG6 4DE3
£490K08/210.62 mi35, Haselfoot, Letchworth Garden City, Hertfordshire SG6 4DE3
£722K11/220.62 mi92, Pixmore Way, Letchworth Garden City, Hertfordshire SG6 3TP3
£475K02/210.63 mi74, Redhoods Way West, Letchworth Garden City, Hertfordshire SG6 4DD3
£475K06/210.63 mi55, Redhoods Way West, Letchworth Garden City, Hertfordshire SG6 4DD3
£550K10/210.63 mi20, Ralph Swingler Place, Letchworth Garden City, Hertfordshire SG6 3GZ3
£330K07/210.64 mi117, Mullway, Letchworth Garden City, Hertfordshire SG6 4BG3
£285K03/210.64 mi125, Mullway, Letchworth Garden City, Hertfordshire SG6 4BG3
£295K01/210.64 mi147, Mullway, Letchworth Garden City, Hertfordshire SG6 4BG3
£243K12/200.68 mi18, Hall Mead, Letchworth Garden City, Hertfordshire SG6 4BJ3
£340K01/230.68 mi46, Hall Mead, Letchworth Garden City, Hertfordshire SG6 4BJ3
£350K11/220.68 mi20, Hall Mead, Letchworth Garden City, Hertfordshire SG6 4BJ3
£320K06/210.68 mi92, Hall Mead, Letchworth Garden City, Hertfordshire SG6 4BJ3

Local Rents

23 rents from £1.3K/mo to £2.8K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,67512/230.06 mi-3
£1,49508/240.21 miCampers Road, Letchworth Garden City, SG63
£1,45008/240.22 miHillbrow, Letchworth Garden City3
£1,55003/250.38 mi-3
£1,40012/240.48 miChagny Close, Letchworth Garden City, SG63
£1,60008/240.53 miStation Way, Letchworth Garden City3
£1,35003/250.57 mi-3
£1,79503/250.58 mi-3
£1,30008/240.68 miHall Mead, Letchworth Garden City, SG63
£1,70003/250.73 mi-3
£1,50001/240.77 mi-3
£2,40012/240.84 miThe Quadrant, Letchworth, Hertfordshire3
£1,40012/240.85 miWarren Close, Letchworth Garden City, SG63
£2,75006/240.87 mi-3
£1,49512/240.87 miStation Road, Letchworth Garden City, SG63
£1,70008/240.97 miBaldock Road, Letchworth Garden City3
£2,20003/230.98 mi-3
£1,69506/240.99 mi-3
£1,65008/241.13 miPixmore Avenue, Letchworth Garden City, SG63
£2,00008/241.15 miSturgeons Way, Hitchin, Hertfordshire, SG43
£1,75012/231.15 mi-3
£1,65008/241.16 mi-3
£1,29508/241.24 miOrchard Close, Letchworth Garden City, SG63

Local Area Statistics

Population in SG6

33,166

Population in Letchworth Garden City

33,209

Town centre distance

0.65 miles away

Nearest school

0.20 miles away

Nearest train station

0.80 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £280,000

August 27, 2024

Floor Plans

Description

  • Offered with vacant possession - No upper chain. +
  • In need of updating and modernisation throughout. +
  • Gas central heating and double glazed windows. +
  • Dual aspect lounge and spacious kitchen. +
  • Ground floor bathroom. +
  • Leasehold - 900 years remaining. +

Three bedroom end terrace house in need of a total refurbishment and modernising throughout. Offered with vacant possession - No upper chain. Gas central heating and double glazed windows. Dual aspect lounge and spacious kitchen. Ground floor bathroom. Three good size first floor bedrooms. Large mature rear garden. Leasehold 900 years.

Agent Details

Country Properties, Letchworth Garden City

01462 481100

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪