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See how verdicts work1-bedroom flat
For saleListed 4 daysAuction 9 Dec · in 44 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by auction on Wednesday 9th December 2026 at 12:00 pm Auction Venue: The Woughton House Hotel, Newport Road, Woughton-on-the-Green, Milton Keynes MK6 3LR This is an in-room auction which will also be live-streamed with availability for internet, telephone and proxy bidding.
A one-bedroom, ex-local authority apartment in close proximity to Letchworth Garden City centre, boasting panoramic countryside views.
Description The Bittern Way building, located in the north end of the town, contains a selection of one-bedroom flats, purpose built in the mid-twentieth century.
Number 53 is situated on the fourth floor and benefits from westerly facing windows, giving uninterrupted views of the countryside as far as the Bedfordshire Greensand Ridge some 10 miles away.
The building is situated roughly one mile from the town centre, Letchworth Garden City Station and the green spaces of Norton Common.
The flat has a large double-bedroom and a sizeable living/dining room. It is in need of some refurbishment throughout.
The development offers ample residents parking and a well maintained communal green spaces. All floors are served by a secure central entrance hallways and lifts.
Local agent Lane & Bennetts estimate a gross rental income of £9,900 per annum. Accommodation Entrance hallway, bedroom, bathroom, storage cupboard, lounge/diner, kitchen.
Exterior Residents parking and maintained communal grounds. EPC Rating E VAT VAT is not applicable Viewings We will be holding open-house viewings towards the end of November.
As soon as the dates and times have been set, we will let everyone know who has registered for the legal pack via e-mail, and they will also be published on our website.
Buyers Premium There is no Buyer's Premium payable on this lot. Administration Charge Purchasers will be required to pay an administration fee of £1,500 incl. VAT
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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 advisers before making any investment decisions.
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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 Bittern Way, Letchworth Garden City
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