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See how verdicts work2-bedroom flat · SG6 4RS
For saleListed 380 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Pacious ground floor two bedroom apartment situated on the popular Grange Estate and in need of modernisation and decoration throughout. Good size lounge/dining room.
Kitchen with fitted units, three piece bathroom suite and two bedrooms. Outside there is an allocated parking space. Located within walking distance of local shops.
Offered with vacant possession and no upper chain.
# Daylight viewings only # public notice: 1 Spencer Way, Letchworth Garden City, Hertfordshire, SG6 4RS We are acting in the sale of the above property and have received an offer of £145,000.
Any interested parties must submit any higher offers in writing to the selling agent before exchange of contracts takes place. Communal Entrance Secure intercom system.
Hallway Sore cupboard and airing cupboard. Lounge/Dining Room 15' 9" x 11' 5" (4.80m x 3.48m) Windows to the rear and side. Electric heater.
Kitchen 11' 5" x 6' 6" (3.48m x 1.98m) Fitted in a range of matching base and eye level units proving plenty of storage. Single drainer sink unit. Integrated oven and hob.
Space for fridge/freezer and plumbing for a washing machine. Window to the side aspect. Bedroom One 12' 7" x 10' 5" (3.84m x 3.17m) Window to the side aspect. Electric heater.
Bedroom Two 12' 7" x 6' 5" (3.84m x 1.96m) Window to the side aspect. Electric heater. Bathroom Comprising a low level wc, wash basin and panelled bath. Extractor fan.
Communal Area Small garden area with pathway to secure entrance door. Allocated parking space. Agents Note Leasehold: 78 years remaining. Service Charge: Tbc Ground Rent: Tbc
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About 1, Spencer Way, Letchworth Garden City
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