6, Blackmore, Letchworth Garden City, Hertfordshire, SG6 2SX

Description

By order of Hertfordshire County Council. Two floor detached house on corner plot. Full vacant possession. 3D Tour available.

Accommodation

First floor: Three bedrooms, bathroom/WC. Ground floor: Entrance hallway, three rooms, kitchen, utility area, separate WC. Outside: Front and rear gardens, garage.

Location

Situated on Blackmore, accessed from Letchworth Gate (A505) via Penn Waye on the popular south side of Letchworth. Public transport links include Letchworth Garden City Rail station and local bus services. Road communications are provided by the A505 providing access to the A1(M). Letchworth Garden City offers shops, restaurants and cafes.

Tenure / Property Information

Investment Analysis

Sold evidence on the same road ranges from £484,995 to £560,000, with the most recent comparable, 15 Blackmore, selling for £525,000 in July 2025. Subject size, condition and specification are not provided, so the £525,000 base GDV is an indicative comparable-led estimate rather than a formal valuation. The long lease supports marketability, but annual service charge, ground rent and review details remain unknown.

Investment Snapshot

Strategy Recommendation

Investigate condition, lease costs, service charge, ground rent and Special Conditions before bidding. Consider only a conditional value-led purchase at an appropriate discount; do not rely on the headline GDV spread without full project-cost evidence.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a full inspection and confirm the condition of the house, garage, gardens, services, heating and external elements before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £365,000 guide, the indicative 75% refinance against the £525,000 base GDV is £393,750. However, refurbishment costs, legal and completion costs, lease-related charges and finance costs are not sufficiently evidenced, so total project cost and cash left in cannot be calculated.

Buy-to-Let Analysis

BTL assessment cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Gross yield, operating costs and cash flow therefore cannot be established. The property is vacant and would require confirmed letting demand and rent evidence.

Flip Analysis

The base comparable-led GDV is £525,000 against the £365,000 guide, giving a gross guide-to-GDV difference of £160,000 before works, buyer costs, seller charges, finance, taxation and selling costs. A reliable flip surplus and maximum bid cannot be calculated because condition, works and selling allowances are unsupported.

Investor Risks & Due Diligence

• Property condition and required works are not evidenced.

• Annual service charge, ground rent and review details are unknown.

• Additional seller fees may apply under the Special Conditions of Sale.

• No sufficiently specific rental evidence is available.

• Leasehold ownership requires confirmation of all lease-related charges and obligations.

• Size, specification and exact comparability with the sold properties are not supplied.

Recommendation

Investigate condition, lease costs, service charge, ground rent and Special Conditions before bidding. Consider only a conditional value-led purchase at an appropriate discount; do not rely on the headline GDV spread without full project-cost evidence.

Strategy Rating

Analysis Confidence

Strong same-road sold-price evidence and a recent comparable are available, but property condition, internal specification, rental evidence, lease charges, seller fees and project costs are incomplete.