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

Ascot Drive, Letchworth Garden City, SG6 1FZ - 2 views - 8 months ago

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Leasehold

BTL

ROI: 1%

~68 m²

+8 photos

ValuationFair Value

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	£243,597£243,597

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£60,000£60,000
Stamp Duty & Legal Fees	£8,400£8,400
Total Cash In	£68,400£68,400

Cash Out
Rent Range	£585 - £1,795£585 - £1,795
Rent Estimate	£1,050
Running Costs/mo	£980£980
Cashflow/mo	£70£70
Cashflow/yr	£840£840
ROI	1%1%
Gross Yield	5%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.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£221K	02/21	0 mi	58, Ascot Drive, Letchworth Garden City, Hertfordshire SG6 1FZ	-	-	2	Flat
£220K	03/21	0.06 mi	54, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FN	-	-	2	Flat
£230K	07/23	0.07 mi	61, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT	-	-	2	Flat
£215K	01/21	0.07 mi	99, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT	-	-	2	Flat
£232K	07/23	0.07 mi	89, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT	£4,143	56	2	Flat
£230K	10/21	0.07 mi	79, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT	-	-	2	Flat
£249.5K	02/23	0.12 mi	53, Bowyer Drive, Letchworth Garden City, Hertfordshire SG6 1FX	-	-	2	Flat
£226.6K	10/22	0.12 mi	55, Bowyer Drive, Letchworth Garden City, Hertfordshire SG6 1FX	-	-	2	Flat
£193.5K	10/21	0.23 mi	47, Bidwell Close, Letchworth Garden City, Hertfordshire SG6 1QR	-	-	2	Flat
£220K	05/21	0.23 mi	29, Bidwell Close, Letchworth Garden City, Hertfordshire SG6 1QR	£3,231	68	2	Flat
£204K	06/21	0.26 mi	Flat 38, Dunkerley Court, Birds Hill, Letchworth Garden City, Hertfordshire SG6 1FE	-	-	2	Flat
£225K	05/23	0.26 mi	Flat 3, Dunkerley Court, Birds Hill, Letchworth Garden City, Hertfordshire SG6 1FE	-	-	2	Flat
£197.5K	04/21	0.4 mi	23, Radburn Way, Letchworth Garden City, Hertfordshire SG6 2JW	£2,633	75	2	Flat
£200K	03/21	0.4 mi	33, Radburn Way, Letchworth Garden City, Hertfordshire SG6 2JW	£2,635	76	2	Flat
£200K	09/21	0.41 mi	64, Cromwell Road, Letchworth Garden City, Hertfordshire SG6 1DT	£3,030	66	2	Flat
£200K	06/21	0.42 mi	Flat 71, Birchwood Court, Norton Way North, Letchworth Garden City, Hertfordshire SG6 1BH	-	-	2	Flat
£208K	06/21	0.42 mi	Flat 85, Birchwood Court, Norton Way North, Letchworth Garden City, Hertfordshire SG6 1BH	-	-	2	Flat
£190K	05/21	0.58 mi	Flat 7, Palace Court, Eastcheap, Letchworth Garden City, Hertfordshire SG6 3DD	-	-	2	Flat
£196K	12/21	0.59 mi	Flat 6, Palace Court, Eastcheap, Letchworth Garden City, Hertfordshire SG6 3DD	-	-	2	Flat
£525K	03/23	0.68 mi	17, Ralph Swingler Place, Letchworth Garden City, Hertfordshire SG6 3GZ	£4,605	114	2	Flat
£207K	05/23	0.71 mi	84, Kyrkeby, Letchworth Garden City, Hertfordshire SG6 2PG	£2,957	70	2	Flat
£172.5K	10/20	0.73 mi	49, Newells, Letchworth Garden City, Hertfordshire SG6 2PL	£2,974	58	2	Flat
£218K	03/21	0.78 mi	108, Kristiansand Way, Letchworth Garden City, Hertfordshire SG6 1TY	£4,360	50	2	Flat
£195K	03/21	0.79 mi	55, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QE	£3,980	49	2	Flat
£200K	03/21	0.79 mi	62, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QE	£4,167	48	2	Flat
£209K	12/22	0.83 mi	86, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QF	£3,943	53	2	Flat
£200K	05/23	0.85 mi	66, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QF	-	-	2	Flat
£245K	04/23	0.86 mi	21, Icknield Green, Letchworth Garden City, Hertfordshire SG6 4DL	£3,603	68	2	Flat

Local Rents

13 rents from £585/mo to £1.8K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,300	12/24	0.05 mi	Wissen Drive, Letchworth Garden City, SG6	2	Flat
£1,400	12/24	0.16 mi	Pix Road, Letchworth Garden City, SG6	2	Terraced House
£1,425	03/25	0.16 mi	-	2	Terraced House
£1,050	08/24	0.22 mi	-	2	Flat
£1,350	08/24	0.39 mi	-	2	Flat
£1,200	11/23	0.4 mi	-	2	Flat
£1,795	03/25	0.43 mi	-	2	Flat
£1,070	08/24	0.46 mi	-	2	Terraced House
£1,250	08/24	0.51 mi	Glebe Road, Letchworth Garden City	2	Flat
£1,250	01/24	0.56 mi	-	2	Flat
£1,250	01/24	0.56 mi	-	2	Flat
£1,050	08/24	0.58 mi	Lawrence Avenue, Letchworth Garden City, SG6	2	Flat
£585	12/24	0.62 mi	-	2	Flat

Local Area Statistics

Population in SG6	33,16633,166
Population in Letchworth Garden City	33,20933,209
Town centre distance	0.60 miles away0.60 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.53 miles away0.53 miles away

Rental growth (12m)	+12%+12%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+17%+17%

Property History

Listed for £240,000

September 6, 2024

Floor Plans

Description

CHAIN FREE +
Two bedroom top floor apartment +
Modern fitted kitchen +
Well presented throughout +
Allocated parking +
Close to town and mainline station +
Leasehold - 109 years remaining +
Service charge: £747 per annum - Ground rent £350 per annum +
Gas central heating +
EPC rating C. Council tax band C +

Offered to the market CHAIN FREE, this very well presented, second floor two bedroom apartment is located just a short walk from Letchworth town centre and mainline station. Offering bright and spacious accommodation throughout, the property comprises in short of; An open entrance hall with large storage cupboard and loft access. A living room open plan to the modern kitchen. Two double bedrooms, the master of which featuring a bay window. And a good sized bathroom. Other noteworthy features include: Gas central heating, New boiler, New kitchen fitted within 2 years and allocated parking.

Agent Details

Satchells Estate Agents, Letchworth

01462 415925

Next Steps?

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