2-bedroom flat · SG6 2PW
For saleListed 88 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered CHAIN FREE, this bright and spacious TWO-bedroom, third floor apartment offers spacious accommodation throughout.
Benefitting from a long 110-year lease, low charges, communal parking to the front and a wealth of internal storage, this apartment makes for the ideal investment or first time buy!
Mobile Signal Ok Step Inside: Situated on the third floor, this well-proportioned two-bedroom apartment offers spacious accommodation throughout, making it an ideal first-time purchase, investment or downsize opportunity.
The property is accessed via a welcoming entrance hall, providing access to all principal rooms.
The generous living/dining room offers an excellent space for both relaxing and entertaining, while the separate kitchen is well-sized with ample room for fitted units and appliances.
There are two good-sized bedrooms, with the principal bedroom benefiting from built-in storage. The accommodation is completed by a family bathroom fitted with a bath, wash hand basin and WC.
Entrance Hall: Providing access to all rooms with useful storage cupboards. Living/Dining Room: Abt.
14' 3" x 10' 9" (4.34m x 3.28m) A bright and spacious reception room offering ample space for both living and dining furniture, complemented by a double glazed window allowing for plenty of natural light.
Kitchen: Abt.
14' 4" x 8' 7" (4.37m x 2.62m) A well-proportioned separate kitchen with space for a range of wall and base units, work surfaces and appliances, benefiting from a double glazed window.
Bedroom One: Abt. 11' 4" x 11' 2" (3.45m x 3.40m) A generous double bedroom with built-in wardrobes/storage and a double glazed window. Bedroom Two: Abt.
11' 3" x 7' 7" (3.43m x 2.31m) A well-proportioned second bedroom, ideal as a guest room, children's bedroom or home office, with a double glazed window.
Bathroom: Comprising a panel-enclosed bath with wall mounted shower and glass screen, wash hand basin and WC, with a double glazed obscured window providing natural light and ventilation.
Agents Note: Draft particulars yet to be approved by the vendor and may be subject to change.
Anti-Money Laundering (AML): It is a legal requirement that all applicants comply with Anti-Money Laundering regulations.
As such, once a purchase or tenancy has been agreed subject to contract, the applicant(s) will be required to undertake an AML and financial sanctions check carried out by our third party provider at a cost of £66 inclusive of VAT per property, payable by the applicant(s).
Material Information: We are advised by the seller/landlord/tenant of the following information in good faith but its accuracy is not guaranteed and you should make your own investigations before committing to a sale or letting.
Please note in terms of mobile/phone reception, this is the view of the seller/landlord/tenant based on their current provider.
Water: Mains supply Gas: Mains supply Electric: Mains supply Drainage: Mains supply Flood risk: No Mobile/Phone: Ok Tenure: Leasehold Council Tax Band: B Council tax payable: £1408.15 Length of lease: 115 years Ground Rent details: £10 per annum Service charge Details: £226.72 per quarter For further material information please contact the office marketing this property.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About Newells, Letchworth Garden City, SG6
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