2 Bed Flat, Single Let, Letchworth Garden City, SG6 1FT, £225,000

Wissen Drive, LETCHWORTH GARDEN CITY, SG6 1FT - 4 months ago

Leasehold
BTL
ROI: 2%
~68 m²
+12 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£3.3K/m²

Value Estimate

£256,837
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£14,450

Total Cash In

£70,700

 

 

Cash Out

 

Rent Range

£1,050 - £1,795

Rent Estimate

£1,058

Running Costs/mo

£935

Cashflow/mo

£123

Cashflow/yr

£1,479

ROI

2%

Gross Yield

6%

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 
£230K07/230 mi61, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£215K01/210 mi99, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£232K07/230 mi89, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£230K10/210.01 mi79, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£220K03/210.02 mi54, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FN2
£221K02/210.07 mi58, Ascot Drive, Letchworth Garden City, Hertfordshire SG6 1FZ2
£249.5K02/230.09 mi53, Bowyer Drive, Letchworth Garden City, Hertfordshire SG6 1FX2
£226.6K10/220.09 mi55, Bowyer Drive, Letchworth Garden City, Hertfordshire SG6 1FX2
£193.5K10/210.21 mi47, Bidwell Close, Letchworth Garden City, Hertfordshire SG6 1QR2
£220K05/210.21 mi29, Bidwell Close, Letchworth Garden City, Hertfordshire SG6 1QR2
£204K06/210.33 miFlat 38, Dunkerley Court, Birds Hill, Letchworth Garden City, Hertfordshire SG6 1FE2
£225K05/230.33 miFlat 3, Dunkerley Court, Birds Hill, Letchworth Garden City, Hertfordshire SG6 1FE2
£197.5K04/210.34 mi23, Radburn Way, Letchworth Garden City, Hertfordshire SG6 2JW2
£200K03/210.34 mi33, Radburn Way, Letchworth Garden City, Hertfordshire SG6 2JW2
£200K09/210.46 mi64, Cromwell Road, Letchworth Garden City, Hertfordshire SG6 1DT2
£200K06/210.48 miFlat 71, Birchwood Court, Norton Way North, Letchworth Garden City, Hertfordshire SG6 1BH2
£208K06/210.48 miFlat 85, Birchwood Court, Norton Way North, Letchworth Garden City, Hertfordshire SG6 1BH2
£190K05/210.61 miFlat 7, Palace Court, Eastcheap, Letchworth Garden City, Hertfordshire SG6 3DD2
£196K12/210.62 miFlat 6, Palace Court, Eastcheap, Letchworth Garden City, Hertfordshire SG6 3DD2
£207K05/230.64 mi84, Kyrkeby, Letchworth Garden City, Hertfordshire SG6 2PG2
£172.5K10/200.66 mi49, Newells, Letchworth Garden City, Hertfordshire SG6 2PL2
£525K03/230.67 mi17, Ralph Swingler Place, Letchworth Garden City, Hertfordshire SG6 3GZ2
£218K03/210.81 mi108, Kristiansand Way, Letchworth Garden City, Hertfordshire SG6 1TY2
£195K03/210.84 mi55, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QE2
£200K03/210.84 mi62, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QE2
£209K12/220.87 mi86, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QF2
£200K05/230.89 mi66, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QF2
£245K04/230.91 mi21, Icknield Green, Letchworth Garden City, Hertfordshire SG6 4DL2

Local Rents

12 rents from £1.1K/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30012/240.02 miWissen Drive, Letchworth Garden City, SG62
£1,40012/240.19 miPix Road, Letchworth Garden City, SG62
£1,05008/240.19 mi-2
£1,42503/250.19 mi-2
£1,35008/240.44 mi-2
£1,20011/230.46 mi-2
£1,79503/250.48 mi-2
£1,07008/240.51 mi-2
£1,05008/240.55 miLawrence Avenue, Letchworth Garden City, SG62
£1,25008/240.56 miGlebe Road, Letchworth Garden City2
£1,25001/240.6 mi-2
£1,25001/240.6 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

0.58 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Price changed to £225,000

February 24, 2025

Price changed to £230,000

January 31, 2025

Listed for £235,000

December 26, 2024

Floor Plans

Description

  • Top floor apartment. +
  • Spacious open plan lounge/kitchen. +
  • Well proportioned bedrooms. +
  • Family bathroom. +
  • Plenty of storage. +
  • Allocated parking space. +
  • Communal gardens. +
  • Walking distance to town centre/train station. +

SUMMARY
*SPACIOUS THROUGHOUT* This well maintained two bedroom flat is situated on the top floor in a popular development with a beautiful communal garden surround. Offering an open plan lounge/kitchen, well proportioned bedrooms, family bathroom, plenty of integral storage and allocated parking.

DESCRIPTION
Letchworth Garden City:...
Letchworth is the world's first Garden City that was founded by Ebenezer Howard in 1903, with a vision that would relieve the poverty and slum conditions suffered by so many within the late Victorian era. With a dream of Garden Cities where the best elements of town and country would be combined from the town in order to be used to benefit the ordinary townspeople. Now more than 100 years on, the Estate is now managed by the Heritage Foundation.

Location:
- 35 minutes to London King's Cross by train.
- A1(M), junctions 9 & 10. Stevenage (9 miles). Welwyn Garden City (14 miles). M25 (20 miles). Luton (14 miles). Cambridge (25 miles).
- Local Airports - Luton (13 miles) and Stansted (29 miles).

Education:
- Eleven schools provide a mix of infant, junior and primary level education.
- A specialist primary school for children with moderate learning difficulties.
- Two secondary schools, The Highfield School (Science Specialist) and Fearnhill School (Maths and Computing College).
- Two independent schools, St Christopher School and St Francis' College.

Leisure Facilities:
- 13.6 mile Garden City Greenway - Letchworth's circular walk and cycle path.
- Standalone Farm.
- First Garden City Heritage Museum.
- Health & Fitness - Outdoor and indoor swimming pools, North Herts Leisure Centre, Nuffield Health Club, Spirella Fitness and more...
- Sport - Over 20 Garden City clubs, football, rugby, badminton, running club and more...

Internal 

Ground Floor: 

Entrance Hall 
Double glazed door, laminate flooring, utility cupboard containing washing machine and boiler, radiator, benefiting from a built-in cupboard for extra storage.

Kitchen/Lounge 25' 1" x 13' 3" ( 7.65m x 4.04m )
Combined area with kitchen suite comprising of fitted wall and base units with worktop surround, integrated cooker with electric hob, sink-drainer, space for fridge freezer, two double glazed windows, laminate flooring, TV point, and two radiators.

First Floor: 

Bedroom One 12' 4" in to recess x 10' 2" ( 3.76m in to recess x 3.10m )
Double glazed window, fitted carpet, TV point, and radiator.

Bedroom Two 10' 6" in to recess x 7' 7" ( 3.20m in to recess x 2.31m )
Double glazed window, fitted carpet, and radiator.

Bathroom 
Suite comprising of bath tub with shower over, WC, wash-hand basin, heated towel rail, tiled walls and flooring, and extractor fan.

External 

Front Garden 
Communal garden (well maintained).

Parking 
One allocated parking space.

Agent Notes: 
Term of Lease:
Service Charge:
Ground Rent:

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Letchworth Garden City

01462 415703

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