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Pixmore Way, Letchworth Garden City, SG6 - Image 1
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Pixmore Way, Letchworth Garden City, SG6

East of England

£325,000
Listed on 06/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
917 sqft

Description

This three-bedroom end-terrace home presents a unique opportunity for renovation and investment. Situated in a central location, the property is within walking distance to the town center and main line train station, making it an appealing choice for both families and commuters. Upon entering, you're greeted by an entrance hall leading to two reception rooms on the ground floor—ideal spaces that can be transformed to suit modern living. The separate kitchen provides ample potential for updates, with existing base and eye-level units, a single drainer sink, and access to the sizable south-facing rear garden. Upstairs, the layout comprises three bedrooms, each with its own character. The first bedroom features a window overlooking the front aspect and includes a built-in cupboard for storage. The second bedroom has an attractive cast iron fireplace and views of the rear garden, while the third offers additional space for various uses. The bathroom currently includes essential amenities such as a low-level WC and panelled bath but is ready for modernization. The rear garden extends approximately 103 feet in length, offering plenty of outdoor space that could be enhanced through landscaping or expansion projects. This property is being sold by informal tender with a closing date set for October 6th, 2025. With leasehold tenure remaining at 893 years and council tax band C classification, there exists significant potential not only for personal renovation but also as an investment to create value in a growing area. Whether you are looking to establish your family home or pursue a project with rental potential, this property warrants consideration for its layout and location benefits.

Investment Analysis

(SG6 area)

Below Market Value

This property is priced -15.6% below area average per sq ft

-15.6%
Potential saving
This Property
£354/sq ft
Area Average
£420/sq ft
Avg Rent (weekly)
£294
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£423,351
10% above area average per sq ft
Potential ROI
+16.0%
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

Pixmore Way, 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
£1,191
Based on a loan of £243,750 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