2 Bed Flat, Single Let, Letchworth Garden City, SG6 1FZ, £250,000

Ascot Drive, Letchworth Garden City, SG6 1FZ - 4 views - 6 months ago

Sold STC
Leasehold
BTL
ROI: 1%
~68 m²
+5 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£243,597

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£71,200

 

 

Cash Out

 

Rent Range

£585 - £1,795

Rent Estimate

£1,100

Running Costs/mo

£1,021

Cashflow/mo

£79

Cashflow/yr

£945

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 
£221K02/210 mi58, Ascot Drive, Letchworth Garden City, Hertfordshire SG6 1FZ2
£220K03/210.06 mi54, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FN2
£230K07/230.07 mi61, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£215K01/210.07 mi99, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£232K07/230.07 mi89, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£230K10/210.07 mi79, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£249.5K02/230.12 mi53, Bowyer Drive, Letchworth Garden City, Hertfordshire SG6 1FX2
£226.6K10/220.12 mi55, Bowyer Drive, Letchworth Garden City, Hertfordshire SG6 1FX2
£193.5K10/210.23 mi47, Bidwell Close, Letchworth Garden City, Hertfordshire SG6 1QR2
£220K05/210.23 mi29, Bidwell Close, Letchworth Garden City, Hertfordshire SG6 1QR2
£204K06/210.26 miFlat 38, Dunkerley Court, Birds Hill, Letchworth Garden City, Hertfordshire SG6 1FE2
£225K05/230.26 miFlat 3, Dunkerley Court, Birds Hill, Letchworth Garden City, Hertfordshire SG6 1FE2
£197.5K04/210.4 mi23, Radburn Way, Letchworth Garden City, Hertfordshire SG6 2JW2
£200K03/210.4 mi33, Radburn Way, Letchworth Garden City, Hertfordshire SG6 2JW2
£200K09/210.41 mi64, Cromwell Road, Letchworth Garden City, Hertfordshire SG6 1DT2
£200K06/210.42 miFlat 71, Birchwood Court, Norton Way North, Letchworth Garden City, Hertfordshire SG6 1BH2
£208K06/210.42 miFlat 85, Birchwood Court, Norton Way North, Letchworth Garden City, Hertfordshire SG6 1BH2
£190K05/210.58 miFlat 7, Palace Court, Eastcheap, Letchworth Garden City, Hertfordshire SG6 3DD2
£196K12/210.59 miFlat 6, Palace Court, Eastcheap, Letchworth Garden City, Hertfordshire SG6 3DD2
£525K03/230.68 mi17, Ralph Swingler Place, Letchworth Garden City, Hertfordshire SG6 3GZ2
£207K05/230.71 mi84, Kyrkeby, Letchworth Garden City, Hertfordshire SG6 2PG2
£172.5K10/200.73 mi49, Newells, Letchworth Garden City, Hertfordshire SG6 2PL2
£218K03/210.78 mi108, Kristiansand Way, Letchworth Garden City, Hertfordshire SG6 1TY2
£195K03/210.79 mi55, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QE2
£200K03/210.79 mi62, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QE2
£209K12/220.83 mi86, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QF2
£200K05/230.85 mi66, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QF2
£245K04/230.86 mi21, Icknield Green, Letchworth Garden City, Hertfordshire SG6 4DL2

Local Rents

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

RentDateDistanceAddressBeds 
£1,30012/240.05 miWissen Drive, Letchworth Garden City, SG62
£1,40012/240.16 miPix Road, Letchworth Garden City, SG62
£1,42503/250.16 mi-2
£1,05008/240.22 mi-2
£1,35008/240.39 mi-2
£1,20011/230.4 mi-2
£1,79503/250.43 mi-2
£1,07008/240.46 mi-2
£1,25008/240.51 miGlebe Road, Letchworth Garden City2
£1,25001/240.56 mi-2
£1,25001/240.56 mi-2
£1,05008/240.58 miLawrence Avenue, Letchworth Garden City, SG62
£58512/240.62 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

0.53 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £250,000

November 10, 2024

Floor Plans

Description

  • Ideal for First-Time Buyers and Downsizers – Move-in ready with no stamp duty for eligible buyers +
  • Strong Rental Yield for Investors – Over 5% P.A. with no work needed; ready for quick occupancy +
  • Spacious Open-Plan Living Room – Plenty of room for a large sofa and personal touches; easy-to-maintain hard flooring +
  • Two Double Bedrooms – Main bedroom with en-suite; versatile second bedroom for guests, home office, or nursery +
  • Private En-Suite Shower Room – Added convenience and privacy in the main bedroom for a smoother morning routine +
  • Convenient Bathroom with Shower Over Bath – Quick mornings or relaxed evening soaks; options to suit your lifestyle +
  • Allocated Parking Space Plus Visitor Spaces – Hassle-free parking for you and guests +
  • Close to Greenway and Countryside – Perfect for dog walks, jogging, cycling, and outdoor activities +
  • Easy Access to Letchworth Train Station – Just an 18-minute walk to mainline station; central London in under 45 minutes +
  • Nearby Road Links to A1(M) and A10 – Quick access for road commuters heading north or south +

Ideal for First-Time Buyers, Downsizers, and Investors – Your Perfect Ground-Floor Flat Awaits! A Great Ground-Floor Flat for First-Time Buyers, Downsizers, and Investors. This spacious ground-floor apartment, with no stamp duty if you are buying your first or next home, offers an excellent opportunity, whether you’re starting out, downsizing, or investing. Investors will appreciate the strong rental yield of over 5% P.A. with no need for any upfront work, ensuring quick occupancy. Downsizers, too, will find it’s got just the right amount of space and ease of living. The kitchen is fitted with a built-in oven and hob, with room for everything you need, making it easy to enjoy home-cooked meals or quick bites on busy days. The living room is a generous size, giving you the freedom to set it up to suit your lifestyle, whether that’s a comfortable space for relaxation or a welcoming spot to gather with friends. There is plenty of space for a large sofa and other furniture - just add soft furnishings and decor to your taste. The hard flooring not only looks great but is easy to maintain. When it’s time to unwind, you’ll find two comfortable double bedrooms, each with space for wardrobes. An en-suite shower room in the main bedroom adds the ease of having your own private space, perfect for hassle-free mornings and a more comfortable daily routine.  The second bedroom is versatile - perfect for guests, an office space if you’re working from home, or perhaps a nursery.   You'll love the bathroom with a shower over the bath - ready for both quick invigorating mornings and relaxing soaks in the evenings after a hard day. Got a car? Parking is sorted, with private allocated parking and there are also visitors' spots.   Letchworth is a desirable town with a real sense of community spirit and great amenities, just a stone's throw from the GREENWAY and beautiful North Hertfordshire countryside - ideal for dog owners, walkers, joggers and cyclists alike.  With the Mainline Station just an 18 - minute walk away, you can grab a few extra minutes of sleep and still be in central London in less than 45 minutes.  If you’re travelling or up for a seaside adventure, stay on the train a bit longer, and you can reach Gatwick Airport or find yourself in Brighton. Commuting by road? The A1(M) and A10 are easily accessible, taking you north and south with ease. For investors, the property brings a strong rental yield with an expected annual income of £13,200, providing a good return from the start. If you’re ready to move, this flat is ready for you! Bring your furniture and start settling in. | ADDITIONAL INFORMATION Council Tax Band - C  EPC Rating - C Lease Length -  108 years remaining Ground Rent - £350.17 P.A Service Charge - £763.68 P.A. Gas central heating | GROUND FLOOR Open plan living space: 22' 1" x 10' 2" MAX (6.73m x 3.10m)  Bedroom One: Approx 14' 2" x 9' 7" (4.32m x 2.92m)  En-suite: Approx 5' 9" x 4' 6" (1.75m x 1.37m)  Bedroom Two: 10' 7" x 8' 5" (3.23m x 2.57m)  Bathroom: Approx 6' 9" x 5' 5" (2.06m x 1.65m)  | OUTSIDE Allocated off road parking space

Agent Details

Leysbrook, Letchworth

01462 416614

Next Steps?

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