3 Bed Terraced House, Refurb/BRRR, Letchworth Garden City, SG6 3QR, £325,000

79 High Avenue, Letchworth Garden City, Hertfordshire, SG6 3QR - 2 views - a month ago

Leasehold
Refurb/BRRR
ROI: 1%
87 m²
+5 photos

ValuationFair Value

Sold Prices£243K - £825K
Sold Prices/m²£3.4K/m² - £7.8K/m²

 

 

Square Metres

87 m²
Price/m²£3.7K/m²

Value Estimate

£331,500

 

 

End Value (After Refurb)

£378,611

Uplift in Value

+16%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Refurb Costs

£41,462

Bridging Loan Interest

£8,531

Total Cash In

£154,193

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£378,611

Mortgage (After Refinance)

£283,958

Mortgage LTV

75%

Cash Released

£40,208

Cash Left In

£113,984

Equity

£94,653

Rent Range

£1,295 - £2,750

Rent Estimate

£1,671

Running Costs/mo

£1,537

Cashflow/mo

£134

Cashflow/yr

£1,604

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £243K to £825K, average is £438.8K. £3.4K/m² to £7.8K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£370K10/200.03 mi81, High Avenue, Letchworth Garden City, Hertfordshire SG6 3QR3
£315K11/200.08 mi38, Chiltern View, Letchworth Garden City, Hertfordshire SG6 3RH3
£375K12/200.09 mi12, Campers Avenue, Letchworth Garden City, Hertfordshire SG6 3SR3
£375K03/230.11 mi33, High Avenue, Letchworth Garden City, Hertfordshire SG6 3QS3
£360K04/210.13 mi22, Westbury Place, Letchworth Garden City, Hertfordshire SG6 3SS3
£442.5K05/230.16 mi33, Campers Road, Letchworth Garden City, Hertfordshire SG6 3QT3
£677K07/210.17 mi53, Highfield, Letchworth Garden City, Hertfordshire SG6 3PY3
£491.3K03/210.18 mi66, Highfield, Letchworth Garden City, Hertfordshire SG6 3PZ3
£340K02/210.19 mi47, Hillbrow, Letchworth Garden City, Hertfordshire SG6 3RD3
£740K11/220.19 mi42, Highfield, Letchworth Garden City, Hertfordshire SG6 3PZ3
£354K09/210.22 mi13, Burnell Rise, Letchworth Garden City, Hertfordshire SG6 3RN3
£605K05/210.22 mi83, Spring Road, Letchworth Garden City, Hertfordshire SG6 3SL3
£435K02/210.26 mi71, Lindsell Avenue, Letchworth Garden City, Hertfordshire SG6 4DG3
£450K04/230.26 mi71, Lindsell Avenue, Letchworth Garden City, Hertfordshire SG6 4DG3
£335K02/210.29 mi8, Martin Way, Letchworth Garden City, Hertfordshire SG6 4XU3
£435K03/210.3 mi8, Lindsell Avenue, Letchworth Garden City, Hertfordshire SG6 4DQ3
£470K03/210.35 mi119, Icknield Way, Letchworth Garden City, Hertfordshire SG6 4AR3
£520K06/210.35 mi111, Icknield Way, Letchworth Garden City, Hertfordshire SG6 4AR3
£575K03/230.4 mi3, The Meads, Letchworth Garden City, Hertfordshire SG6 3SE3
£290K03/210.41 mi4, Chagny Close, Letchworth Garden City, Hertfordshire SG6 4BY3
£655K03/210.42 mi18, Field Lane, Letchworth Garden City, Hertfordshire SG6 3LE3
£540K10/220.42 mi77, Icknield Way, Letchworth Garden City, Hertfordshire SG6 4AX3
£425K01/230.44 mi106, Archers Way, Letchworth Garden City, Hertfordshire SG6 4UJ3
£470K06/210.45 mi35, Station Way, Letchworth Garden City, Hertfordshire SG6 3SD3
£750K06/230.47 mi24, Broadwater Avenue, Letchworth Garden City, Hertfordshire SG6 3HE3
£495K03/210.47 mi16, Broadwater Avenue, Letchworth Garden City, Hertfordshire SG6 3HE3
£825K11/220.47 mi23, South View, Letchworth Garden City, Hertfordshire SG6 3JJ3
£365K05/230.48 mi20, Abbotts Road, Letchworth Garden City, Hertfordshire SG6 4UR3
£318K11/210.48 mi103, Bursland, Letchworth Garden City, Hertfordshire SG6 4UY3
£365K11/220.48 mi28, Abbotts Road, Letchworth Garden City, Hertfordshire SG6 4UR3
£665K05/230.49 mi28, Souberie Avenue, Letchworth Garden City, Hertfordshire SG6 3JA3
£615K09/210.53 mi63, Lytton Avenue, Letchworth Garden City, Hertfordshire SG6 3HY3
£433K10/200.54 mi170, Icknield Way, Letchworth Garden City, Hertfordshire SG6 4AE3
£327K01/230.54 mi152, Mullway, Letchworth Garden City, Hertfordshire SG6 4BD3
£310K06/210.54 mi154, Mullway, Letchworth Garden City, Hertfordshire SG6 4BD3
£490K03/210.54 mi131, Icknield Way, Letchworth Garden City, Hertfordshire SG6 4AD3
£490K08/210.56 mi35, Haselfoot, Letchworth Garden City, Hertfordshire SG6 4DE3
£475K02/210.56 mi74, Redhoods Way West, Letchworth Garden City, Hertfordshire SG6 4DD3
£475K06/210.56 mi55, Redhoods Way West, Letchworth Garden City, Hertfordshire SG6 4DD3
£722K11/220.58 mi92, Pixmore Way, Letchworth Garden City, Hertfordshire SG6 3TP3
£330K07/210.61 mi117, Mullway, Letchworth Garden City, Hertfordshire SG6 4BG3
£285K03/210.61 mi125, Mullway, Letchworth Garden City, Hertfordshire SG6 4BG3
£295K01/210.61 mi147, Mullway, Letchworth Garden City, Hertfordshire SG6 4BG3
£550K10/210.61 mi20, Ralph Swingler Place, Letchworth Garden City, Hertfordshire SG6 3GZ3
£243K12/200.63 mi18, Hall Mead, Letchworth Garden City, Hertfordshire SG6 4BJ3
£340K01/230.63 mi46, Hall Mead, Letchworth Garden City, Hertfordshire SG6 4BJ3
£350K11/220.63 mi20, Hall Mead, Letchworth Garden City, Hertfordshire SG6 4BJ3
£320K06/210.63 mi92, Hall Mead, Letchworth Garden City, Hertfordshire SG6 4BJ3
£495K03/210.64 mi6, Lytton Avenue, Letchworth Garden City, Hertfordshire SG6 3HT3
£475K03/230.64 mi7, Lytton Avenue, Letchworth Garden City, Hertfordshire SG6 3HT3

Local Rents

26 rents from £1.3K/mo to £2.8K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,67512/230.11 mi-3
£1,49508/240.14 miCampers Road, Letchworth Garden City, SG63
£1,45008/240.18 miHillbrow, Letchworth Garden City3
£1,55008/240.33 mi-3
£1,40012/240.41 miChagny Close, Letchworth Garden City, SG63
£1,60008/240.46 miStation Way, Letchworth Garden City3
£1,35003/250.52 mi-3
£1,79503/250.55 mi-3
£1,30008/240.63 miHall Mead, Letchworth Garden City, SG63
£1,70003/250.67 mi-3
£1,50001/240.7 mi-3
£2,40012/240.77 miThe Quadrant, Letchworth, Hertfordshire3
£1,40012/240.79 miWarren Close, Letchworth Garden City, SG63
£1,49512/240.81 miStation Road, Letchworth Garden City, SG63
£2,20003/230.92 mi-3
£2,75006/240.93 mi-3
£1,70008/240.94 miBaldock Road, Letchworth Garden City3
£1,69506/241.06 mi-3
£1,65008/241.08 miPixmore Avenue, Letchworth Garden City, SG63
£1,29508/241.17 miOrchard Close, Letchworth Garden City, SG63
£2,00008/241.21 miSturgeons Way, Hitchin, Hertfordshire, SG43
£1,75012/231.21 mi-3
£1,65009/241.22 mi-3
£1,40008/241.23 miWoodhurst, Letchworth Garden City3
£1,50012/241.23 miWoodhurst, Letchworth Garden City3
£1,55008/241.23 mi-3

Local Area Statistics

Population in SG6

33,166

Population in Letchworth Garden City

33,209

Town centre distance

0.61 miles away

Nearest school

0.20 miles away

Nearest train station

0.74 miles away

 

 

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £325,000

March 11, 2025

Floor Plans

Description

  • To be sold by informal tender - Closing Date 22nd April 2025 +
  • Gas central heating to radiators. +
  • Double glazed windows and doors. +
  • Leasehold - 894 years remaining. +
  • Council Tax Band C. +

Three bedroom end terrace family home in need of some modernisation. The property is offered with vacant possession with no upper chain. Informal tender, closing date for offers is 22nd April 2025. On the ground floor the property has an entrance hall, two reception rooms, kitchen and a cloakroom.  Upstairs there are three bedrooms and a bathroom.  The rear garden is approx. 90ft in length.

Agent Details

Country Properties, Letchworth Garden City

01462 481100

Next Steps?

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