2 Bed Flat, Single Let, Letchworth Garden City, SG6 1FL, £245,000

3 Principal Court, Letchworth Garden City, Hertfordshire, SG6 1FL - 2 views - 5 months ago

Sold STC
Leasehold
BTL
ROI: 1%
61 m²
+7 photos

ValuationFair Value

Sold Prices£170K - £249.5K
Sold Prices/m²£3K/m² - £4.4K/m²

 

 

Square Metres

61 m²
Price/m²£4K/m²

Value Estimate

£240,406

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£61,250

Stamp Duty & Legal Fees

£8,550

Total Cash In

£69,800

 

 

Cash Out

 

Rent Range

£565 - £1,795

Rent Estimate

£1,050

Running Costs/mo

£996

Cashflow/mo

£54

Cashflow/yr

£653

ROI

1%

Gross Yield

5%

Local Sold Prices

24 sold prices from £170K to £249.5K, average is £212K. £3K/m² to £4.4K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£200K09/210.26 mi64, Cromwell Road, Letchworth Garden City, Hertfordshire SG6 1DT2
£204K06/210.46 miFlat 38, Dunkerley Court, Birds Hill, Letchworth Garden City, Hertfordshire SG6 1FE2
£225K05/230.46 miFlat 3, Dunkerley Court, Birds Hill, Letchworth Garden City, Hertfordshire SG6 1FE2
£200K06/210.47 miFlat 71, Birchwood Court, Norton Way North, Letchworth Garden City, Hertfordshire SG6 1BH2
£208K06/210.47 miFlat 85, Birchwood Court, Norton Way North, Letchworth Garden City, Hertfordshire SG6 1BH2
£218K03/210.51 mi108, Kristiansand Way, Letchworth Garden City, Hertfordshire SG6 1TY2
£221K02/210.63 mi58, Ascot Drive, Letchworth Garden City, Hertfordshire SG6 1FZ2
£170K05/210.66 mi171, Western Way, Letchworth Garden City, Hertfordshire SG6 4TB2
£220K03/210.67 mi54, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FN2
£249.5K02/230.67 mi53, Bowyer Drive, Letchworth Garden City, Hertfordshire SG6 1FX2
£226.6K10/220.67 mi55, Bowyer Drive, Letchworth Garden City, Hertfordshire SG6 1FX2
£230K07/230.69 mi61, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£215K01/210.69 mi99, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£232K07/230.69 mi89, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£230K10/210.69 mi79, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£193.5K10/210.82 mi47, Bidwell Close, Letchworth Garden City, Hertfordshire SG6 1QR2
£220K05/210.82 mi29, Bidwell Close, Letchworth Garden City, Hertfordshire SG6 1QR2
£190K05/210.86 miFlat 7, Palace Court, Eastcheap, Letchworth Garden City, Hertfordshire SG6 3DD2
£196K12/210.87 miFlat 6, Palace Court, Eastcheap, Letchworth Garden City, Hertfordshire SG6 3DD2
£245K04/230.89 mi21, Icknield Green, Letchworth Garden City, Hertfordshire SG6 4DL2
£195K03/210.9 mi55, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QE2
£200K03/210.9 mi62, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QE2
£209K12/220.95 mi86, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QF2
£200K05/230.96 mi66, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QF2

Local Rents

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

RentDateDistanceAddressBeds 
£1,20011/230.24 mi-2
£1,25008/240.28 miGlebe Road, Letchworth Garden City2
£1,07008/240.29 mi-2
£1,35008/240.59 mi-2
£1,79503/250.61 mi-2
£1,42503/250.66 mi-2
£1,30012/240.67 miWissen Drive, Letchworth Garden City, SG62
£1,40012/240.67 miPix Road, Letchworth Garden City, SG62
£1,15008/240.73 mi-2
£1,05008/240.81 mi-2
£1,25001/240.82 mi-2
£1,25001/240.82 mi-2
£56502/230.85 mi-2
£58512/240.85 mi-2
£1,07511/230.99 mi-2
£1,45002/251 mi-2
£1,10008/241.01 miChagny Close, Letchworth Garden City, SG62
£1,05008/241.15 miLawrence Avenue, Letchworth Garden City, SG62
£1,50012/241.19 miLindsell Avenue, Letchworth Garden City2
£1,40004/251.22 mi-2
£1,09512/241.23 miHitchin Street, Baldock, SG72

Local Area Statistics

Population in SG6

33,166

Population in Letchworth Garden City

33,209

Town centre distance

1.04 miles away

Nearest school

0.50 miles away

Nearest train station

0.67 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £245,000

November 19, 2024

Floor Plans

Description

Spacious first floor apartment in well-maintained purpose-built block • Allocated parking • Pleasant location

The Property - This spacious purpose-built first floor apartment built in 2008 in the grounds of a former school, which was converted to residential use at the same time. The two-storey block has a communal entrance linked to each apartment by a secure entry-phone system. The master bedroom boasts an en suite shower room.

The apartment block is of insulated cavity brick and insulated timber frame construction, rendered externally with a pitched tiled roof. The apartment benefits from uPVC double-glazed windows and its own individual gas fired central heating system.

The Outside - The grounds in which Principal Court is set extend to over two and a half acres, with the block containing No 3 set in neatly manicured lawns of around a quarter of an acre and screened by a hedge.

The apartment has its own allocated parking space in the adjoining parking area and there is additional parking for visitors.

The Location - Set off Norton Road, Principal Court lies less than a mile to the north-east of the town centre and only a mile from Letchworth Garden City mainline railway station. The fastest service to London Kings Cross takes just 29 minutes and Cambridge is 27 minutes away in the other direction. Junction 9 on the A1(M) is only 2.4 miles away by car with Junction 10 being 2.9 miles distant.

Designed in the early 20th Century to combine the benefits of town and country, Letchworth Garden City was the world’s first example of this concept and succeeds to this day in achieving its aim and the town provides excellent schools, shops and leisure facilities. The splendid 63 acre Norton Common is just a quarter of a mile away.

Tenure - LEASEHOLD: 125 year term from 2007 with 113 years remaining. Ground Rent: £318.76 pa. Service Charge: £1,247 pa.

Services - MAINS water, sewerage, gas and electricity are connected to the property.
BROADBAND: A choice of providers with claimed download speeds of up to 47 Mbps.
MOBILE SIGNAL: Most providers claim up to 5G coverage, some claim only 4G.

The Letchworth Garden City Heritage Foundation - To maintain the integrity of the Garden City concept and design, properties are subject to the additional planning requirements of the Heritage Foundation.

Tel:

Agent Details

Charter Whyman, Letchworth

01462 685808

Next Steps?

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