3 Bed Semi-Detached House, Single Let, Letchworth Garden City, SG6 2PX, £260,000

Lannock, Letchworth Garden City, SG6 2PX - 1 views - 2 months ago

Auction
BTL
ROI: 3%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£258K - £708K
Sold Prices/m²£2.6K/m² - £7.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.8K/m²

Value Estimate

£344,400
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£11,100

Total Cash In

£76,100

 

 

Cash Out

 

Rent Range

£1,400 - £1,750

Rent Estimate

£1,412

Running Costs/mo

£1,115

Cashflow/mo

£297

Cashflow/yr

£3,565

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £258K to £708K, average is £347.5K. £2.6K/m² to £7.4K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£285K11/200.02 mi25, Lannock, Letchworth Garden City, Hertfordshire SG6 2PX3
£287K02/210.06 mi85, Lannock, Letchworth Garden City, Hertfordshire SG6 2QD3
£258K09/210.07 mi8, Kyrkeby, Letchworth Garden City, Hertfordshire SG6 2PA3
£345K11/210.09 mi104, Kyrkeby, Letchworth Garden City, Hertfordshire SG6 2PR3
£312.5K06/210.09 mi6, Maddles, Letchworth Garden City, Hertfordshire SG6 2QT3
£280K08/230.12 mi20, Kyrkeby, Letchworth Garden City, Hertfordshire SG6 2PB3
£260K04/210.12 mi39, Kyrkeby, Letchworth Garden City, Hertfordshire SG6 2PB3
£330K10/210.16 mi11, Whiteway, Letchworth Garden City, Hertfordshire SG6 2PP3
£298.5K05/230.16 mi11, Swanstand, Letchworth Garden City, Hertfordshire SG6 2QJ3
£295K05/210.19 mi6, Oakhill, Letchworth Garden City, Hertfordshire SG6 2RB3
£355K04/230.2 mi64, Oakhill, Letchworth Garden City, Hertfordshire SG6 2RQ3
£285K11/200.23 mi120, Oakhill, Letchworth Garden City, Hertfordshire SG6 2RH3
£350K12/220.24 mi70, Townley, Letchworth Garden City, Hertfordshire SG6 2RY3
£291.5K11/200.29 mi16, Vincent, Letchworth Garden City, Hertfordshire SG6 2NN3
£315K03/230.29 mi8, Vincent, Letchworth Garden City, Hertfordshire SG6 2NN3
£280K06/210.31 mi31, Goldon, Letchworth Garden City, Hertfordshire SG6 2NA3
£302.5K05/210.35 mi27, Yardley, Letchworth Garden City, Hertfordshire SG6 2SS3
£283K06/210.35 mi32, Ellice, Letchworth Garden City, Hertfordshire SG6 2LN3
£318K09/210.35 mi40, Ellice, Letchworth Garden City, Hertfordshire SG6 2LN3
£342K11/220.36 mi43, Allison, Letchworth Garden City, Hertfordshire SG6 2JT3
£300K03/230.37 mi32, Allison, Letchworth Garden City, Hertfordshire SG6 2JS3
£272K03/210.37 mi27, Allison, Letchworth Garden City, Hertfordshire SG6 2JS3
£270K11/200.39 mi22, Fleetwood, Letchworth Garden City, Hertfordshire SG6 2LS3
£298K10/210.39 mi45, Yardley, Letchworth Garden City, Hertfordshire SG6 2ST3
£375K12/220.39 mi27, Ellice, Letchworth Garden City, Hertfordshire SG6 2LL3
£345K11/210.42 mi12, Ellice, Letchworth Garden City, Hertfordshire SG6 2LJ3
£385K11/200.46 mi1, Crabtree Dell, Letchworth Garden City, Hertfordshire SG6 2TJ3
£565K11/200.49 mi191, Baldock Road, Letchworth Garden City, Hertfordshire SG6 2EJ3
£460K10/200.49 mi8, Dents Close, Letchworth Garden City, Hertfordshire SG6 2TP3
£480K12/200.49 mi38, Dents Close, Letchworth Garden City, Hertfordshire SG6 2TP3
£367.5K02/230.51 mi195, Jackmans Place, Letchworth Garden City, Hertfordshire SG6 1RD3
£385.6K11/220.53 mi19, Jackmans Place, Letchworth Garden City, Hertfordshire SG6 1RE3
£708K01/230.56 mi163, Baldock Road, Letchworth Garden City, Hertfordshire SG6 2EH3
£697.5K05/230.57 mi159, Baldock Road, Letchworth Garden City, Hertfordshire SG6 2EH3
£300K12/200.57 mi56, Jackmans Place, Letchworth Garden City, Hertfordshire SG6 1RH3
£300K11/200.57 mi23, Jackmans Place, Letchworth Garden City, Hertfordshire SG6 1RE3
£390K10/200.58 mi143, Jackmans Place, Letchworth Garden City, Hertfordshire SG6 1RG3
£428K04/210.58 mi15, Olden Mead, Letchworth Garden City, Hertfordshire SG6 2SP3
£462.5K06/210.61 mi1a, Lordship Lane, Letchworth Garden City, Hertfordshire SG6 2BH3
£505K10/200.62 mi145, Baldock Road, Letchworth Garden City, Hertfordshire SG6 2EQ3
£375K01/230.62 mi105, Jackmans Place, Letchworth Garden City, Hertfordshire SG6 1RG3
£550K12/200.63 mi62, Bowershott, Letchworth Garden City, Hertfordshire SG6 2EU3
£492.5K10/210.65 mi49, Penn Way, Letchworth Garden City, Hertfordshire SG6 2SJ3
£412K12/200.65 mi41, The Crescent, Letchworth Garden City, Hertfordshire SG6 1SW3
£430K03/210.65 mi35, The Crescent, Letchworth Garden City, Hertfordshire SG6 1SW3
£622K02/230.65 mi31, Bowershott, Letchworth Garden City, Hertfordshire SG6 2ET3
£408K06/210.65 mi182, Pixmore Way, Letchworth Garden City, Hertfordshire SG6 1QT3
£525K03/210.67 mi11, Bowershott, Letchworth Garden City, Hertfordshire SG6 2ES3
£440K01/230.69 mi10, The Crescent, Letchworth Garden City, Hertfordshire SG6 1SN3
£515.5K04/230.69 mi27, The Crescent, Letchworth Garden City, Hertfordshire SG6 1SN3

Local Rents

11 rents from £1.4K/mo to £1.8K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,70012/240.05 miLannock, LETCHWORTH GARDEN CITY3
£1,70012/240.16 mi-3
£1,40008/240.27 mi-3
£1,40008/240.27 miUpper Maylins, Letchworth Garden City, SG63
£1,49512/240.35 miYardley, Letchworth Garden City3
£1,50008/240.38 miYardley, Letchworth garden city, Hertfordshire, SG63
£1,50012/240.38 mi-3
£1,50008/240.38 miAlban Road, Letchworth Garden City, SG63
£1,65008/240.47 mi-3
£1,75003/250.47 mi-3
£1,70008/240.62 miBaldock Road, Letchworth Garden City3

Local Area Statistics

Population in SG6

33,166

Population in Letchworth Garden City

33,209

Town centre distance

0.96 miles away

Nearest school

0.20 miles away

Nearest train station

1.21 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Price changed to £260,000

March 28, 2025

Listed for £280,000

February 13, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • CHAIN FREE. +
  • Quiet location. +
  • Shower room, cloakroom and family bathroom. +
  • Spacious kitchen/ diner. +
  • Private gardens. +

SUMMARY
* CHAIN FREE * Offered to the market is this spacious family home situated in a quiet location and with great access links to the A1(M) and schools/shops. The property benefits from an entrance hall, cloakroom, lounge, shower room, kitchen/diner, three bedrooms, and private front/rear gardens.

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...

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Internal 

Ground Floor: 

Entrance Hall 
Double glazed door, fitted carpet, radiator, and built-in cupboard.

Cloakroom 
Double glazed window, low level WC, wash-hand-basin, and lino flooring.

Lounge 15' 2" x 11' ( 4.62m x 3.35m )
Double glazed window, fitted carpet, TV point, and radiator.

Shower Room 
Double shower cubicle, heated towel rail, boiler, double glazed door and window.

Kitchen/Diner 
Fitted suite comprising of white wall and base units with worktop surround, space for a cooker and washing machine, lino and fitted carpet flooring, 1.5 sink-drainer, pantry cupboard, double glazed window and radiator.

First Floor: 

Landing  
Double glazed window, fitted carpet, airing cupboard, and large built-in cupboard over the stairs.

Bedroom One 11' 11" x 9' 10" ( 3.63m x 3.00m )
Double glazed window, fitted carpet, radiator, two built-in cupboards, and access to insulated loft via hatch.

Bedroom Two 14' 11" x 11' ( 4.55m x 3.35m )
Double glazed window, fitted carpet, and radiator.

Bedroom Three 9' 5" x 8' 6" ( 2.87m x 2.59m )
Double glazed window, and fitted carpet.

Bathroom 
Suite comprising of bath-tub with shower taps, low level WC, wash-hand-basin, heated towel rail, lino flooring, tiled walls, and double glazed window.

External 

Front Garden 
Laid to lawn with bush and brick boarders, and external cupboard containing gas meter and also offers plenty of storage.

Rear Garden 
Patio area laid to lawn with fenced boarders, and gated rear access.

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

Next Steps?

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