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Wheat Hill, Letchworth Garden City, SG6

East of England

£500,000
Listed on 03/11/2025

Property Details

Bedrooms
2
Type
Detached house

Description

Nestled in a tranquil residential neighborhood, this detached bungalow presents a rare opportunity for renovation and investment. The spacious layout includes two well-proportioned bedrooms, a generous living area with an inviting bay window, and a flexible dining room that connects seamlessly to a conservatory, which offers lovely views of the rear garden. The kitchen enjoys practical access to the dining room and features ample storage with potential for modern upgrades. The property also includes a bathroom, providing essential amenities while allowing for personal customization. Externally, the bungalow boasts an attached garage and driveway, enhancing convenience and offering additional space that could potentially be converted or repurposed depending on needs and local regulations. The landscaped rear garden is designed for low maintenance yet provides opportunities for personal enhancement or expansion. Located conveniently close to local amenities and transport links, this property benefits from both quiet surroundings and accessibility. Its chain-free status allows for a straightforward purchasing process, making it not just a comfortable home but also an enticing prospect for those looking to invest in renovations that can enhance value over time. With its versatile layout and prime location, this bungalow holds significant potential for buyers seeking to create their ideal living space or capitalize on future market growth.

Investment Analysis

(SG6 area)
Area Average
£420/sq ft
Avg Rent (weekly)
£294
Avg Yield
4.6%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
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

Wheat Hill, 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
£1,832
Based on a loan of £375,000 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