We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · SG6 3EP
Sold STCListed 277 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered CHAIN FREE and located within Letchworth town centre offering a prime position for commuters, this very well presented TWO bedroom, TWO bathroom apartment offers modern and spacious living throughout.
Complimented with allocated parking which is visible from the internal video intercom, this apartment is the perfect first time buy or investment opportunity just 300 yards from the mainline station.
Entrance Hall: Security door to front and rear access. Laminate flooring. Lockable mail box’s. Stairwell. Elevator. Hallway: Laminate flooring. Storage/boiler/utility cupboard.
Electric heater. Mirrored wall. Living Room: Laminate flooring. Large double glazed Juliet balcony overlooking town centre. Electric radiator. Spotlights. Sockets.
Open plan to kitchen/dining space. Kitchen: Laminate flooring. Open plan to living space. Space for dining table. Spotlights.
‘L’ shaped worktops with a range of wall and base mounted units and integrated sink/drainer, microwave, electric hob, oven, dishwasher, fridge/freezer and extractor. Bedroom One: Spotlights.
Electric radiator. Double glazed window to rear aspect. Carpet. Wardrobes. Ensuite. Ensuite: Tiled floor. Part tiled walls. Corner shower with wall mounted head and glass doors. WC. Wash basin.
Mirrored wall with shelf. Heated towel rail. Extractor. Bedroom Two: Spotlights. Electric radiator. Double glazed window to rear aspect. Carpet. Bathroom: Tiled floor. Part tiled walls.
Bath with mixer taps. Wall mounted and overhead shower and glass screen. WC. Wash basin. Mirrored wall with shelf. Heated towel rail. Extractor.
Agents Note: Draft particulars yet to be approved by vendor and maybe subject to change.
Anti-Money Laundering (AML): It is a legal requirement that all purchasers comply with Anti-Money Laundering regulations.
As such, once a purchase has been agreed subject to contract, the purchaser/s will be required to undertake an AML check carried out by our third party provider at a cost of £66 inclusive of VAT per property, payable by the applicant/s.
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 advisers 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
Agent & docs
FAQ
About Leys Avenue, Letchworth Garden City, SG6
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