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Spencer Way, Letchworth Garden City SG6

East of England

£160,000
Listed on 14/04/2026

Property Details

Bedrooms
2
Type
Flat

Description

This spacious two-bedroom ground floor apartment is located within the sought-after Grange Estate, presenting a valuable opportunity for renovation and enhancement. The property features a sizeable lounge/dining area, a kitchen equipped with fitted units, and a three-piece bathroom suite. Both bedrooms are well-proportioned, and an allocated parking space is included for convenience. While the apartment requires modernisation and decor updates throughout, its layout and location offer excellent investment potential for those looking to create a tailored living space in a desirable neighbourhood. The apartment benefits from vacant possession and is free of any upper chain, making it an appealing choice for both first-time buyers and seasoned investors alike.

Investment Analysis

(SG6 area)
Area Average
£425/sq ft
Avg Rent (weekly)
£329
Avg Yield
4.6%

Renovation Potential

Medium 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
20
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (SG6)

Area prices are rising by +11.3% over the last 12 months
3 year growth: +11.4%
5 year growth: +19.5%
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

Spencer Way, Letchworth Garden City SG6
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£567
Based on a loan of £120,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

Price History

-5.9% since listed
£160,000£10,000(-5.9%)
03/12/2025
Current price
£170,000Initial listing
12/11/2025

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