2 Bed Flat, Single Let, Letchworth Garden City, SG6 2QW, £190,000

61 Swanstand, Letchworth Garden City, Hertfordshire, SG6 2QW - 4 views - 7 months ago

Leasehold

BTL

ROI: 2%

57 m²

+10 photos

ValuationOvervalued

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

Square Metres	56.85 m²
Price/m²	£3.3K/m²
Value Estimate	£178,258£178,258

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£47,500£47,500
Stamp Duty & Legal Fees	£6,900£6,900
Total Cash In	£54,400£54,400

Cash Out
Rent Range	£565 - £1,795£565 - £1,795
Rent Estimate	£904
Running Costs/mo	£795£795
Cashflow/mo	£109£109
Cashflow/yr	£1,313£1,313
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

20 sold prices from £172.5K to £525K, average is £220K. £2.6K/m² to £4.6K/m², average is £3.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£207K	05/23	0.15 mi	84, Kyrkeby, Letchworth Garden City, Hertfordshire SG6 2PG	£2,957	70	2	Flat
£172.5K	10/20	0.18 mi	49, Newells, Letchworth Garden City, Hertfordshire SG6 2PL	£2,974	58	2	Flat
£197.5K	04/21	0.47 mi	23, Radburn Way, Letchworth Garden City, Hertfordshire SG6 2JW	£2,633	75	2	Flat
£200K	03/21	0.47 mi	33, Radburn Way, Letchworth Garden City, Hertfordshire SG6 2JW	£2,635	76	2	Flat
£193.5K	10/21	0.75 mi	47, Bidwell Close, Letchworth Garden City, Hertfordshire SG6 1QR	-	-	2	Flat
£220K	05/21	0.75 mi	29, Bidwell Close, Letchworth Garden City, Hertfordshire SG6 1QR	£3,231	68	2	Flat
£230K	10/21	0.78 mi	79, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT	-	-	2	Flat
£230K	07/23	0.79 mi	61, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT	-	-	2	Flat
£215K	01/21	0.79 mi	99, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT	-	-	2	Flat
£232K	07/23	0.79 mi	89, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT	£4,143	56	2	Flat
£249.5K	02/23	0.79 mi	53, Bowyer Drive, Letchworth Garden City, Hertfordshire SG6 1FX	-	-	2	Flat
£226.6K	10/22	0.79 mi	55, Bowyer Drive, Letchworth Garden City, Hertfordshire SG6 1FX	-	-	2	Flat
£220K	03/21	0.8 mi	54, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FN	-	-	2	Flat
£221K	02/21	0.86 mi	58, Ascot Drive, Letchworth Garden City, Hertfordshire SG6 1FZ	-	-	2	Flat
£230K	02/23	0.9 mi	126, Chiltern Road, Baldock, Hertfordshire SG7 6LU	£3,794	61	2	Flat
£208K	10/20	0.9 mi	126, Chiltern Road, Baldock, Hertfordshire SG7 6LU	£3,431	61	2	Flat
£525K	03/23	0.93 mi	17, Ralph Swingler Place, Letchworth Garden City, Hertfordshire SG6 3GZ	£4,605	114	2	Flat
£180K	05/21	0.93 mi	119, London Road, Baldock, Hertfordshire SG7 6NA	£3,051	59	2	Flat
£180K	05/21	0.93 mi	119, London Road, Baldock, Hertfordshire SG7 6NA	£3,051	59	2	Flat
£225K	03/21	0.97 mi	96, Chiltern Road, Baldock, Hertfordshire SG7 6LT	£3,358	67	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£950	08/24	0.17 mi	-	2	Flat
£1,050	08/24	0.7 mi	Lawrence Avenue, Letchworth Garden City, SG6	2	Flat
£1,050	08/24	0.75 mi	-	2	Flat
£1,400	08/24	0.79 mi	Howard Drive, Letchworth Garden City, SG6	2	Flat
£1,300	12/24	0.81 mi	Wissen Drive, Letchworth Garden City, SG6	2	Flat
£1,400	12/24	0.89 mi	Pix Road, Letchworth Garden City, SG6	2	Terraced House
£1,425	03/25	0.91 mi	-	2	Terraced House
£1,450	08/24	1.03 mi	Chiltern Road, Baldock, SG7	2	Terraced House
£1,350	08/24	1.16 mi	-	2	Flat
£1,200	08/24	1.17 mi	Sollershott Hall, Sollershott East, Letchworth Garden City, SG6	2	Flat
£1,795	03/25	1.18 mi	-	2	Flat
£1,250	01/24	1.18 mi	-	2	Flat
£1,250	01/24	1.19 mi	-	2	Flat
£1,200	11/23	1.23 mi	-	2	Flat
£1,070	08/24	1.23 mi	-	2	Terraced House
£585	12/24	1.23 mi	-	2	Flat
£565	02/23	1.24 mi	-	2	Flat

Local Area Statistics

Population in SG6	33,16633,166
Population in Letchworth Garden City	33,20933,209
Town centre distance	0.96 miles away0.96 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.26 miles away1.26 miles away

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

Property History

Listed for £190,000

September 10, 2024

Sold for £107,000

2012

Sold for £115,000

2008

Sold for £72,000

2002

Floor Plans

Description

SPACIOUS TWO BEDROOM APARTMENT +
DUAL ASPECT LIVING AREA +
FITTED KITCHEN WITH SOME APPLIANCES +
DOUBLE BEDROOMS +
THREE PIECE BATHROOM SUITE +
COUNTRYSIDE VIEWS +
GARAGE & OFF ROAD PARKING AVAILABLE +
GOOD TRANSPORT LINKS BY ROAD AND RAIL +
EPC D | COUNCIL TAX B +
GREAT PURCHASE FOR FTB'S AND INVESTORS : EST. YIELD £13,200 p.a +

Good sized two DOUBLE bedroom top floor flat overlooking small green with distant country views. Offered in excellent order with the benefits of a spacious dual aspect living room, three piece bathroom with electric shower over, gas central heating to radiators, double glazing and a garage in block. Low running costs make this an ideal first purchase or investment buy ( estimated yield £13,200 p.a.) The property is located in a popular area, with local amenities, schools and great transport links. LETCHWORTH GARDEN CITY The town centre boasts a four screen cinema and theatre as well as an excellent range of eateries and drinking establishments, together with a wide range of attractions including museums, art galleries, brewery, 50m Outdoor Lido - nestled in the beautiful Norton Common, open green spaces, parks and gardens, yet only 29 minutes from Kings Cross & St. Pancras, 28 minutes to Cambridge, whilst the A1(M) is a few minutes’ drive, and London Luton Airport 25 minutes away.