2 Bed Flat, Single Let, Letchworth Garden City, SG6 2PW, £190,000

Newells, Letchworth Garden City, SG6 2PW - a month ago

Leasehold
BTL
ROI: 5%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£172.5K - £525K
Sold Prices/m²£2.6K/m² - £5.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£233,700
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Total Cash In

£58,200

 

 

Cash Out

 

Rent Range

£950 - £1,795

Rent Estimate

£1,050

Running Costs/mo

£824

Cashflow/mo

£226

Cashflow/yr

£2,715

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £172.5K to £525K, average is £217.8K. £2.6K/m² to £5.2K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£172.5K10/200.07 mi49, Newells, Letchworth Garden City, Hertfordshire SG6 2PL2
£207K05/230.16 mi84, Kyrkeby, Letchworth Garden City, Hertfordshire SG6 2PG2
£197.5K04/210.45 mi23, Radburn Way, Letchworth Garden City, Hertfordshire SG6 2JW2
£200K03/210.45 mi33, Radburn Way, Letchworth Garden City, Hertfordshire SG6 2JW2
£249.5K02/230.7 mi53, Bowyer Drive, Letchworth Garden City, Hertfordshire SG6 1FX2
£226.6K10/220.7 mi55, Bowyer Drive, Letchworth Garden City, Hertfordshire SG6 1FX2
£230K10/210.71 mi79, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£230K07/230.72 mi61, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£215K01/210.72 mi99, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£232K07/230.72 mi89, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FT2
£220K03/210.72 mi54, Wissen Drive, Letchworth Garden City, Hertfordshire SG6 1FN2
£193.5K10/210.73 mi47, Bidwell Close, Letchworth Garden City, Hertfordshire SG6 1QR2
£220K05/210.73 mi29, Bidwell Close, Letchworth Garden City, Hertfordshire SG6 1QR2
£230K02/230.74 mi126, Chiltern Road, Baldock, Hertfordshire SG7 6LU2
£208K10/200.74 mi126, Chiltern Road, Baldock, Hertfordshire SG7 6LU2
£180K05/210.76 mi119, London Road, Baldock, Hertfordshire SG7 6NA2
£180K05/210.76 mi119, London Road, Baldock, Hertfordshire SG7 6NA2
£221K02/210.79 mi58, Ascot Drive, Letchworth Garden City, Hertfordshire SG6 1FZ2
£225K03/210.81 mi96, Chiltern Road, Baldock, Hertfordshire SG7 6LT2
£525K03/231 mi17, Ralph Swingler Place, Letchworth Garden City, Hertfordshire SG6 3GZ2
£204K06/211.05 miFlat 38, Dunkerley Court, Birds Hill, Letchworth Garden City, Hertfordshire SG6 1FE2
£225K05/231.05 miFlat 3, Dunkerley Court, Birds Hill, Letchworth Garden City, Hertfordshire SG6 1FE2
£200K09/211.11 mi64, Cromwell Road, Letchworth Garden City, Hertfordshire SG6 1DT2
£217.5K04/211.17 mi8, Heath Hall High Street, Baldock, Hertfordshire SG7 6DT2
£232.5K05/211.17 mi9, Heath Hall High Street, Baldock, Hertfordshire SG7 6DT2
£255K08/221.17 mi12, Heath Hall High Street, Baldock, Hertfordshire SG7 6DT2
£196.6K10/201.17 mi10, Heath Hall High Street, Baldock, Hertfordshire SG7 6DT2
£205K12/201.18 miFlat 11, Astonia House, High Street, Baldock, Hertfordshire SG7 6BP2
£190K05/211.18 miFlat 7, Palace Court, Eastcheap, Letchworth Garden City, Hertfordshire SG6 3DD2
£200K06/211.19 miFlat 71, Birchwood Court, Norton Way North, Letchworth Garden City, Hertfordshire SG6 1BH2
£208K06/211.19 miFlat 85, Birchwood Court, Norton Way North, Letchworth Garden City, Hertfordshire SG6 1BH2
£196K12/211.2 miFlat 6, Palace Court, Eastcheap, Letchworth Garden City, Hertfordshire SG6 3DD2
£273.4K04/231.24 mi15, Pepper Court, Baldock, Hertfordshire SG7 6BH2
£218K03/211.27 mi108, Kristiansand Way, Letchworth Garden City, Hertfordshire SG6 1TY2
£207K12/201.32 miFlat 4, Steeds Yard, Brewery Lane, Baldock, Hertfordshire SG7 5BH2
£225K07/221.35 mi2, Riddell Gardens, Baldock, Hertfordshire SG7 6JZ2
£200K03/231.35 mi1, Riddell Gardens, Baldock, Hertfordshire SG7 6JZ2
£365K10/221.35 mi3, St Marys Close, Letchworth Garden City, Hertfordshire SG6 3NW2
£450K05/231.35 mi5, St Marys Close, Letchworth Garden City, Hertfordshire SG6 3NW2
£200K06/221.36 mi19, Riddell Gardens, Baldock, Hertfordshire SG7 6JZ2
£245K08/231.37 miApartment 4, Dartons House, Church Street, Baldock, Hertfordshire SG7 5AF2
£245K06/221.4 mi5, Sanvignes Court, Baldock, Hertfordshire SG7 5BW2
£245K12/201.4 mi11, Sanvignes Court, Baldock, Hertfordshire SG7 5BW2
£258K11/221.4 mi4, Sanvignes Court, Baldock, Hertfordshire SG7 5BW2
£290K02/231.41 mi13, Sanvignes Court, Baldock, Hertfordshire SG7 5BW2
£320K02/231.44 miElephant Cottage, Tranters Mews, Whitehorse Street, Baldock, Hertfordshire SG7 6QF2
£195K03/211.45 mi55, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QE2
£193K10/201.45 mi44, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QE2
£200K03/211.45 mi62, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QE2
£209K12/221.47 mi86, Marmet Avenue, Letchworth Garden City, Hertfordshire SG6 4QF2

Local Rents

16 rents from £950/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£95008/240.09 mi-2
£1,05008/240.72 mi-2
£1,30012/240.73 miWissen Drive, Letchworth Garden City, SG62
£1,05008/240.77 miLawrence Avenue, Letchworth Garden City, SG62
£1,45008/240.85 miChiltern Road, Baldock, SG72
£1,40012/240.86 miPix Road, Letchworth Garden City, SG62
£1,42503/250.87 mi-2
£1,40008/240.95 miHoward Drive, Letchworth Garden City, SG62
£1,07008/241.11 mi-2
£1,20011/231.12 mi-2
£1,35008/241.13 mi-2
£1,25008/241.15 miGlebe Road, Letchworth Garden City2
£1,79503/251.15 mi-2
£1,25001/241.19 mi-2
£1,25001/241.2 mi-2
£1,25012/241.24 miPepper Court, BALDOCK2

Local Area Statistics

Population in SG6

33,166

Population in Letchworth Garden City

33,209

Town centre distance

1.02 miles away

Nearest school

0.10 miles away

Nearest train station

1.25 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £190,000

March 7, 2025

Floor Plans

Description

  • Secure intercom entry phone. +
  • Separate kitchen. +
  • Two spacious bedrooms. +
  • Communal parking and gardens to the front. +
  • Great access links to the A1(M). +
  • Low service charges - perfect for an investor. +
  • Long lease 125 years from 1 June 2020. +
  • Gas central heating throughout. +

SUMMARY
* SPACIOUS ACCOMMODATION * Offered to the market is this well presented and spacious apartment situated in a quiet cul-de-sac location. The apartment benefits from an entrance hall, lounge, kitchen, bathroom, two bedrooms, communal gardens and bay parking to the front.

DESCRIPTION
6Letchworth 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 

Entrance Hall 
Entrance to property via intercom system, airing cupboard, two split cupboards, a third larger cupboard, oak flooring, and radiator.

Lounge 14' 4" x 10' 11" ( 4.37m x 3.33m )
Double glazed window, oak flooring, and radiator.

Kitchen 14' 8" max x 8' 8" max ( 4.47m max x 2.64m max )
Fitted suite comprising of a range of wall and base units with worktop surround, space for cooker, fridge freezer and washing machine, sink drainer, built-in cupboard, cupboard containing boiler and meter box, double glazed window, and radiator.

Bedroom One 12' 4" x 11' 8" ( 3.76m x 3.56m )
Double glazed window, fitted carpet, and radiator.

Bedroom Two 11' 9" x 8' 7" ( 3.58m x 2.62m )
Double glazed window, oak flooring, and radiator.

Bathroom 
Fitted suite comprising of bath tub with shower over, WC, wash-hand-basin, laminate flooring, part tiled walls, and radiator.

External 

Parking 
Communal parking bays to the front of property.

Agent Notes 
Tenure: Leasehold
Lease Length: 125 years from 1st June 2020.
Annual Ground Rent: £10
Annual Service Charge: £788

Lease details are currently being compiled. For 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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