2-bedroom flat · SG6 4BY
Sold STCListed 424 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Lane & Bennetts are delighted to bring to the market this two bedroom, re-carpeted and re-painted throughout.
The property boasts a large, dual aspect living / dining area with a box bay window to front aspect. There is a modern kitchen with ample work surface space and all the required appliances.
The bathroom is modern and neutral. This property offers the new owner the opportunity to move straight in. The flat is situated only a 10 minute walk to the station and town centre.
Perfect for first time buyer, commuter or investor!
AGENTS NOTES Tenure: LEASEHOLD 112 years remaining | Council Tax Band: B | EPC: C | Service Charge £88.00 pcm | Peppercorn rent Letchworth Garden City was conceived in the early 1900's to combine the urban & rural ethos, with plenty of open green spaces and delightful pockets of parkland.
Leisure & sports interests are also well catered for as within a mile you can choose between Letchworth Garden City's renowned golf club, Letchworth Tennis club, the Letchworth Cricket & hockey clubs and Nuffield Health gym & spa., as well as the 100 acre Norton Common, Swimming Lido and Bowls club.
The town centre boasts a four screen cinema and theatre as well as an excellent range of eateries and drinking establishments, together with a wide range of attractions including museums, art galleries, a four screen cinema, swimming pool, open green spaces, parks and gardens, yet only 29 minutes from Kings Cross & Moorgate, 28 minutes to Cambridge, whilst the A1(M) is a few minutes’ drive, and London Luton Airport 25 minutes away.
THE LETCHWORTH GARDEN CITY HERITAGE FOUNDATION To maintain the integrity of the Garden City concept and design, properties are subject to the additional planning requirements of the Heritage Foundation.
Costs associated with Purchase : Dependent on the price of the property you will incur; Stamp duty (Most major portals have a free to use calculator) Land Registry Fees see government website : Solicitor cost for buying and selling : We suggest contacting three local solicitors for a quote, please ask us for recommendations.
Value & comps
No previous sales on record.
Returns
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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
FAQ
About Chagny Close, Letchworth Garden City, SG6
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