3 Bed Terraced House, Refurb/BRRR, Letchworth Garden City, SG6 4PP, £280,000

Gaunts Way, Letchworth Garden City, SG6 4PP - 8 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£257.5K - £550K
Sold Prices/m²£2.7K/m² - £6.4K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£315,000

 

 

End Value (After Refurb)

£360,776

Uplift in Value

+15%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£13,900

Refurb Costs

£44,321

Bridging Loan Interest

£7,350

Total Cash In

£137,321

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£360,776

Mortgage (After Refinance)

£270,582

Mortgage LTV

75%

Cash Released

£60,582

Cash Left In

£76,739

Equity

£90,194

Rent Range

£1,195 - £2,400

Rent Estimate

£1,576

Running Costs/mo

£1,463

Cashflow/mo

£113

Cashflow/yr

£1,361

ROI

1%

Gross Yield

7%

Local Sold Prices

50 sold prices from £257.5K to £550K, average is £350K. £2.7K/m² to £6.4K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£280K04/210.01 mi91, Gaunts Way, Letchworth Garden City, Hertfordshire SG6 4PP3
£337.5K04/210.01 mi99, Gaunts Way, Letchworth Garden City, Hertfordshire SG6 4PP3
£405K12/220.03 mi140, Gaunts Way, Letchworth Garden City, Hertfordshire SG6 4PP3
£302K08/210.06 mi37, Burley, Letchworth Garden City, Hertfordshire SG6 4PR3
£370K09/210.17 mi9, Kimberley, Letchworth Garden City, Hertfordshire SG6 4RA3
£310K08/210.17 mi11, Kimberley, Letchworth Garden City, Hertfordshire SG6 4RA3
£365K11/200.23 mi60, Gaunts Way, Letchworth Garden City, Hertfordshire SG6 4PJ3
£385K12/220.24 mi32, Sparhawke, Letchworth Garden City, Hertfordshire SG6 4PX3
£347.5K04/210.24 mi42, Sparhawke, Letchworth Garden City, Hertfordshire SG6 4PX3
£350K05/210.27 mi19, Whitehicks, Letchworth Garden City, Hertfordshire SG6 4QA3
£375K11/220.27 mi5, Whitehicks, Letchworth Garden City, Hertfordshire SG6 4QA3
£365K06/210.29 mi45, Ordelmere, Letchworth Garden City, Hertfordshire SG6 4QP3
£268K12/200.31 mi66, Danescroft, Letchworth Garden City, Hertfordshire SG6 4RQ3
£310K11/200.33 mi12, Caslon Way, Letchworth Garden City, Hertfordshire SG6 4QL3
£290K12/200.33 mi26, Caslon Way, Letchworth Garden City, Hertfordshire SG6 4QL3
£350K06/230.33 mi8, Caslon Way, Letchworth Garden City, Hertfordshire SG6 4QL3
£350K04/210.34 mi20, Gaunts Way, Letchworth Garden City, Hertfordshire SG6 4PQ3
£315K07/230.34 mi40, Maycroft, Letchworth Garden City, Hertfordshire SG6 4QD3
£355K01/230.34 mi70, Maycroft, Letchworth Garden City, Hertfordshire SG6 4QD3
£350K02/210.34 mi18, Maycroft, Letchworth Garden City, Hertfordshire SG6 4QD3
£325K08/210.34 mi48, Maycroft, Letchworth Garden City, Hertfordshire SG6 4QD3
£360K01/230.34 mi48, Danescroft, Letchworth Garden City, Hertfordshire SG6 4RW3
£425K01/230.36 mi32, Heathermere, Letchworth Garden City, Hertfordshire SG6 4QH3
£335K03/210.36 mi31, Heathermere, Letchworth Garden City, Hertfordshire SG6 4QH3
£322K02/210.37 mi39, Avocet, Letchworth Garden City, Hertfordshire SG6 4TH3
£365K03/230.37 mi21, Northfields, Letchworth Garden City, Hertfordshire SG6 4RJ3
£310K02/210.38 mi43, Avocet, Letchworth Garden City, Hertfordshire SG6 4TH3
£291K06/210.38 mi45, Eastern Way, Letchworth Garden City, Hertfordshire SG6 4PG3
£345K03/210.38 mi41, Eastern Way, Letchworth Garden City, Hertfordshire SG6 4PG3
£360K01/230.38 mi75, Eastern Way, Letchworth Garden City, Hertfordshire SG6 4PG3
£360K02/210.38 mi23, Ordelmere, Letchworth Garden City, Hertfordshire SG6 4QN3
£400K12/220.4 mi3, Avocet, Letchworth Garden City, Hertfordshire SG6 4TQ3
£430K07/230.4 mi12, Western Close, Letchworth Garden City, Hertfordshire SG6 4SZ3
£340K11/210.41 mi9, The Link, Letchworth Garden City, Hertfordshire SG6 4NN3
£290K03/230.41 mi4, The Link, Letchworth Garden City, Hertfordshire SG6 4NN3
£317K05/210.41 mi6, The Link, Letchworth Garden City, Hertfordshire SG6 4NN3
£310K03/210.45 mi5, Lindencroft, Letchworth Garden City, Hertfordshire SG6 4NL3
£396.5K11/220.45 mi111, Southfields, Letchworth Garden City, Hertfordshire SG6 4NA3
£358.5K12/220.47 mi45, Southfields, Letchworth Garden City, Hertfordshire SG6 4NE3
£257.5K04/210.5 mi13, Southern Way, Letchworth Garden City, Hertfordshire SG6 4TD3
£340K08/230.5 mi3, Southern Way, Letchworth Garden City, Hertfordshire SG6 4TD3
£337K12/210.5 mi1, Sherwood, Letchworth Garden City, Hertfordshire SG6 4SQ3
£360K04/230.53 mi14, Lammas Way, Letchworth Garden City, Hertfordshire SG6 4LW3
£450K02/210.55 mi45, Lammas Way, Letchworth Garden City, Hertfordshire SG6 4LN3
£360K11/220.56 mi25, Curlew Close, Letchworth Garden City, Hertfordshire SG6 4TG3
£290K05/210.57 mi36, Midhurst, Letchworth Garden City, Hertfordshire SG6 4SF3
£345K12/200.57 mi13, Woodhurst, Letchworth Garden City, Hertfordshire SG6 4LY3
£385.1K01/210.58 mi1, Midhurst, Letchworth Garden City, Hertfordshire SG6 4SF3
£541.2K09/210.59 mi41, Cashio Lane, Letchworth Garden City, Hertfordshire SG6 1AY3
£550K11/200.59 mi1, Westholm, Letchworth Garden City, Hertfordshire SG6 4JB3

Local Rents

25 rents from £1.2K/mo to £2.4K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,60003/250.12 mi-3
£1,35008/240.23 miGaunts Way, Letchworth Garden City, Hertfordshire, SG63
£1,37512/240.44 miSouthfields, Letchworth Garden City, SG63
£1,65012/240.49 miGrange Road, Letchworth Garden City, Hertfordshire, SG63
£1,40008/240.57 miWoodhurst, Letchworth Garden City3
£1,50012/240.57 miWoodhurst, Letchworth Garden City3
£1,55008/240.61 mi-3
£1,29508/240.63 miOrchard Close, Letchworth Garden City, SG63
£1,60004/240.81 mi-3
£2,20003/230.91 mi-3
£1,60008/240.92 miKristiansand Way, Letchworth Garden City, SG63
£1,75008/240.93 miBronte Avenue, Stotfold, Hitchin, SG53
£1,45008/240.98 miHyde Avenue , Stotfold, SG53
£1,60008/241.05 miFennel Avenue, Stotfold, Hitchin3
£1,40012/241.08 miWarren Close, Letchworth Garden City, SG63
£2,40012/241.09 miThe Quadrant, Letchworth, Hertfordshire3
£1,50008/241.13 miStotfold, Hertfordshire3
£1,59512/241.13 miHardy Way, Fairfield Park, SG53
£1,85010/241.13 mi-3
£1,19508/241.14 miHigh Street, Stotfold, Hitchin, SG53
£1,50001/241.14 mi-3
£1,70003/251.15 mi-3
£1,55005/241.15 mi-3
£1,45008/241.16 miSorrel Mews, Stotfold, Hitchin, SG53
£1,49512/241.17 miStation Road, Letchworth Garden City, SG63

Local Area Statistics

Population in SG6

33,166

Population in Letchworth Garden City

33,209

Town centre distance

1.61 miles away

Nearest school

0.20 miles away

Nearest train station

1.17 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Price changed to £280,000

January 11, 2025

Price changed to £290,000

December 14, 2024

Listed for £315,000

December 13, 2024

Sold for £280,000

2021

Floor Plans

Description

  • Book Your Viewing Instantly Online 24/7 +
  • Three Bedrooms +
  • No Onward Chain +
  • Popular Residential Location +
  • Potential To Extend ( Subject To Consents) +
  • Highly Regarded Schools Nearby +

The Property
NO ONWARD CHAIN Presented to the market is this fantastic three bedroom home boasting a beautiful south facing rear garden. With two double bedrooms and a spacious living area, this would make the perfect family home! Modernisation required.

Letchworth Garden City is the world's first garden city and was the brain child of Ebeneezer Howard. It is typified by the large amount of green space within the town, incuding Norton Common which lies opposite the entrance to The Grange where this property is located. Benefitting from a plethora of businesses and industrial centres that have made Letchworth their home, the town also boasts rail links to London and sits just off the A1(M), making it an ideal commuter location. The town centre retains its original character and a number of the local schools pride themselves on their solid, high quality reputations.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Stevenage

020 3907 2655

Next Steps?

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