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Longmead, Letchworth Garden City, SG6

East of England

£520,000
Listed on 16/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1029 sqft

Description

This spacious detached bungalow offers significant renovation and investment potential, situated in a desirable area adjacent to Norton Common. While it requires some modernization, the layout and features provide a solid foundation for those looking to create their ideal home or capitalize on the area's real estate potential. Inside, you'll find two separate reception areas, including a cozy lounge with an open fireplace and an adjoining dining room that flows into a versatile garden room. The garden room's large windows provide picturesque views of the south-facing rear garden, which boasts mature fruit trees and a tranquil fish pond—an inviting space for outdoor relaxation or gardening enthusiasts. The kitchen features a practical arrangement with fitted units, an integrated oven and hob, and space for essential appliances like a dishwasher and refrigerator. It opens directly to the garden, enhancing the flow between indoor and outdoor spaces. This property includes two well-sized bedrooms, each equipped with double-glazed windows that promote natural light. A wet room-style shower adds convenience, while additional features such as a separate WC and a loft room present opportunities for further development—whether as extra storage or as additional living space. Parking is not an issue here; the front garden accommodates off-road parking for multiple vehicles alongside access to a single garage with an attached workshop area. This setup is particularly advantageous for DIY enthusiasts or those seeking extra workspace. Located within proximity to local amenities and green spaces like Norton Common, this bungalow presents an exciting opportunity for renovation. With no upper chain involved, it allows for swift acquisition and customization tailored to individual preferences. The property's freehold status further enhances its appeal for long-term investment in this coveted neighborhood.

Investment Analysis

(SG6 area)

Above Market Value

This property is priced +20.4% above area average per sq ft

+20.4%
This Property
£505/sq ft
Area Average
£420/sq ft
Avg Rent (weekly)
£294
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£475,058
10% above area average per sq ft
Potential ROI
-16.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (SG6)

Area prices are rising by +3.8% over the last 12 months
3 year growth: 6.2%
5 year growth: 14.6%
Investment Disclaimer: Analysis based on SG6 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Longmead, Letchworth Garden City, SG6
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,905
Based on a loan of £390,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE