No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Guide price£750,000
Added > 14 days

8 bedroom property for sale

Norton Way South, Letchworth Garden City
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Property
8 bed
5 bath

Key information

Tenure: Ask agent
Council tax: Ask agent
Water: Ask agent
Heating: Ask agent
Electricity: Ask agent
Sewerage: Ask agent
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Property description & features

An exciting, investment opportunity to purchase this block of five, flats located in an enviable position within the popular town of Letchworth. The building consists of a mix of five residential one and two bedroom flats, four of the flats are currently held on Assured Shorthold Tenancies, providing investors an immediate return . The site also has the potential for further development subject to the necessary planning consents.

Being sold by informal tender with best and final offers by a fixed date (to be confirmed). On completion of the sale a new ground lease of 999 years will be granted to the purchaser.
To register your interest please contact our office and we will be able to provide a full suite of documents in relation to the proposed sale and the existing tenancies.
Viewings by appointment only

Flat One - Two bed ground floor flat of approximately 716 sq ft. Being sold with vacant possession. In need of modernisation. EPC rating 66-76 Band D.

Flat Two - Two bedroom first floor flat of approximately 719 sq ft. Currently rented out with a tenant paying £875.00 PCM. EPC rating 71 - 82 Band C.

Flat Three - Two bedroom top floor apartment presented in good order throughout approximately 639 sq ft. Currently rented out with a tenant paying £820.00pcm. EPC rating 59 - 77 Band C.

Flat Four - One bedroom ground floor flat of approximately 641 sq ft. Currently rented out with a tenant paying £500.00 PCM. EPC rating 59-77 band D.

Flat Five - One bedroom second floor flat of approximately 524 sq ft. Currently rented out with a tenant paying £780.00 PCM. EPC rating 68-76 Band D.

External Areas - There are parking areas to the front of the building providing spaces for approximately 5 vehicles. There is a single garage and some ancillary storage

Gardens - The mature gardens to the rear of the building are laid to lawn with mature borders. This area is currently used in common by the existing tenants .

Tenure - A new 999 year leasehold interest is being offered for sale. The Freeholder owner is Letchworth Garden City Heritage Foundation.

Planning - There is potential to extend the building, such development will be subject approval by the Freeholder and will need to be carefully designed in accordance with the Letchworth Garden City Heritage Foundation's Design Principals.' The Property is within the Letchworth Conservation Area, Heritage Character Area and is designated Home of Special Interest.

Council Tax - All 5 properties are held under council tax Band B £1708.59 for the period 2024/25

Viewings - Strictly by appointment only / open days to be confirmed contact the office on[use Contact Agent Button]

Offers - All offers will be requested in writing . Proof and method of funding will be requested before offers are considered by our client.

Property information from this agent

Places of interest

    WELCOME Sheridan’s have been at the forefront of property service in the Herts and Beds areas since the 1980s. The company was established by Nick Sheridan and specialises in agency sales, acquisitions, lettings, property management and block management we provide the full service for all your property requirements. Sheridan’s now offer Chartered Surveying services in both Residential and Commercial Property. Tim Sheridan MRICS joined the business recently, having spent 7 years in a regional surveying practice, bringing with him extensive expertise in valuation and professional work in both the commercial and residential sector. With RICS status, the global leader in property professionalism, Sheridan’s offers a regulated level of service to guarantee our clients the highest standards that many local estate agents simply cannot offer.  As a client of Sheridan’s you can be certain that your property matters – whether we are selling your home, managing your property or providing professional surveying services. Give us a call on the number displayed or press the Contact Agent button. We look forward to hearing from you.

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    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

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    *Call rate information

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