2 Bed Flat, Single Let, Letchworth Garden City, SG6 1FT, £240,000

Wissen Drive, Letchworth Garden City, SG6 1FT - 8 months ago

Leasehold
BTL
ROI: 1%
~68 m²
+9 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£245,400
BMV2%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£13,200

Total Cash In

£73,200

 

 

Cash Out

 

Rent Range

£1,050 - £1,795

Rent Estimate

£1,058

Running Costs/mo

£982

Cashflow/mo

£76

Cashflow/yr

£917

ROI

1%

Gross Yield

5%

Local Sold Prices

28 sold prices from £172.5K to £525K, average is £208.5K. £2.6K/m² to £4.6K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£230K07/230 mi61, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£215K01/210 mi99, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£232K07/230 mi89, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£230K10/210.01 mi79, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£220K03/210.02 mi54, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FN2
£221K02/210.07 mi58, Ascot Drive, Letchworth Garden City, Hertfordshire SG6 1FZ2
£249.5K02/230.09 mi53, Bowyer Drive, Letchworth Garden City, Hertfordshire SG6 1FX2
£226.6K10/220.09 mi55, Bowyer Drive, Letchworth Garden City, Hertfordshire SG6 1FX2
£193.5K10/210.21 mi47, Bidwell Close, Letchworth Garden City, Hertfordshire SG6 1QR2
£220K05/210.21 mi29, Bidwell Close, Letchworth Garden City, Hertfordshire SG6 1QR2
£204K06/210.33 miFlat 38, Dunkerley Court, Birds Hill, Letchworth Garden City, Hertfordshire SG6 1FE2
£225K05/230.33 miFlat 3, Dunkerley Court, Birds Hill, Letchworth Garden City, Hertfordshire SG6 1FE2
£197.5K04/210.34 mi23, Radburn Way, Letchworth Garden City, Hertfordshire SG6 2JW2
£200K03/210.34 mi33, Radburn Way, Letchworth Garden City, Hertfordshire SG6 2JW2
£200K09/210.46 mi64, Cromwell Road, Letchworth Garden City, Hertfordshire SG6 1DT2
£200K06/210.48 miFlat 71, Birchwood Court, Norton Way North, Letchworth Garden City, Hertfordshire SG6 1BH2
£208K06/210.48 miFlat 85, Birchwood Court, Norton Way North, Letchworth Garden City, Hertfordshire SG6 1BH2
£190K05/210.61 miFlat 7, Palace Court, Eastcheap, Letchworth Garden City, Hertfordshire SG6 3DD2
£196K12/210.62 miFlat 6, Palace Court, Eastcheap, Letchworth Garden City, Hertfordshire SG6 3DD2
£207K05/230.64 mi84, Kyrkeby, Letchworth Garden City, Hertfordshire SG6 2PG2
£172.5K10/200.66 mi49, Newells, Letchworth Garden City, Hertfordshire SG6 2PL2
£525K03/230.67 mi17, Ralph Swingler Place, Letchworth Garden City, Hertfordshire SG6 3GZ2
£218K03/210.81 mi108, Kristiansand Way, Letchworth Garden City, Hertfordshire SG6 1TY2
£195K03/210.84 mi55, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QE2
£200K03/210.84 mi62, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QE2
£209K12/220.87 mi86, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QF2
£200K05/230.89 mi66, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QF2
£245K04/230.91 mi21, Icknield Green, Letchworth Garden City, Hertfordshire SG6 4DL2

Local Rents

12 rents from £1.1K/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30012/240.02 miWissen Drive, Letchworth Garden City, SG62
£1,40012/240.19 miPix Road, Letchworth Garden City, SG62
£1,05008/240.19 mi-2
£1,42503/250.19 mi-2
£1,35008/240.44 mi-2
£1,20011/230.46 mi-2
£1,79503/250.48 mi-2
£1,07008/240.51 mi-2
£1,05008/240.55 miLawrence Avenue, Letchworth Garden City, SG62
£1,25008/240.56 miGlebe Road, Letchworth Garden City2
£1,25001/240.6 mi-2
£1,25001/240.6 mi-2

Local Area Statistics

Population in SG6

33,166

Population in Letchworth Garden City

33,209

Town centre distance

0.60 miles away

Nearest school

0.20 miles away

Nearest train station

0.58 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Price changed to £240,000

March 24, 2025

Listed for £250,000

September 3, 2024

Floor Plans

Description

  • Secure intercom entry system. +
  • Gas central heating. +
  • Open plan living area. +
  • Two good size bedrooms. +
  • En-suite to the master bedroom. +
  • Perfect for first time buyers and investment buyers. +
  • Within walking distance to Letchworth town centre/train station. +
  • Allocated parking and visitor bay. +

SUMMARY
* STUNNING * Offered to the market is this spacious GROUND FLOOR apartment tucked away in the ever popular Phoenix Park Development. The property benefits an entrance hall, two good size bedrooms, en-suite to the master, bathroom, and comes complete with allocated parking/visitor bays.

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 

Entrance Hall 
Airing cupboard, storage cupboard housing a boiler and washing machine, radiator.

Kitchen/Lounge 18' 5" x 10' 3" ( 5.61m x 3.12m )
Open plan kitchen / lounge, fitted kitchen with white finish wall and base units, worksurfaces and sink/drainer, integrated oven and hob with cookerhood over, self standing fridge/freezer, laminate flooring, TV point and radiator. Double glazed windows.

Bedroom One 12' 5" max x 11' 1" into recess ( 3.78m max x 3.38m into recess )

Ensuite 
Fully tiled En Suite comprising wash hand basin, WC and shower cubicle, heated towel rail and double glazed window.

Bedroom Two 11' 3" x 10' 5" ( 3.43m x 3.17m )

Bathroom 
Fully tiled bathroom comprising wash hand basin, WC and bath tub, heated towel rail.

External/Communal Facilities 
The property has access to a communal bike store and bin store.

Parking 
Allocated parking space for one car plus visitors parking bays.

Agent Notes: 
Tenure: Leasehold
Length of Lease: 125 years from 01/01/2008
Term remaining on lease: 109 years
Annual Ground Rent: £350
Annual Service Charge: £950

We currently hold lease details as displayed above, should you require 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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