2 Bed Flat, Single Let, Stevenage, SG1 3AT, £240,000

Townsend Mews, Old Town, Stevenage, SG1 3AT - 8 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£77K - £300K
Sold Prices/m²£975/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£214,653

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Total Cash In

£68,400

 

 

Cash Out

 

Rent Range

£1,300 - £2,850

Rent Estimate

£1,300

Running Costs/mo

£1,030

Cashflow/mo

£270

Cashflow/yr

£3,240

ROI

5%

Gross Yield

7%

Local Sold Prices

33 sold prices from £77K to £300K, average is £210K. £975/m² to £4.5K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£245K01/210 mi40, Townsend Mews, Stevenage, Hertfordshire SG1 3AT2
£196.5K06/210.08 mi15, Howarde Court, Stevenage, Hertfordshire SG1 3DF2
£196.5K06/210.08 mi15, Howarde Court, Stevenage, Hertfordshire SG1 3DF2
£300K07/230.08 mi7, Howarde Court, Stevenage, Hertfordshire SG1 3DF2
£225K03/210.16 mi58, Southend Close, Stevenage, Hertfordshire SG1 3PE2
£139.8K06/210.2 mi64, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£157.5K05/210.2 mi11, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£215K04/210.2 mi73, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£210K04/210.2 mi21, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£143K12/200.2 mi43, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£77K12/200.2 mi58, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£225K03/210.2 mi48, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£88K11/200.2 mi57, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£216.5K04/210.2 mi32, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£77K02/210.2 mi59, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£77K01/210.2 mi74, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£77K02/210.2 mi49, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£77K01/210.2 mi34, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£300K11/210.4 mi14, Shire Court, Stevenage, Hertfordshire SG1 3BB2
£260K04/210.4 mi10, Shire Court, Stevenage, Hertfordshire SG1 3BB2
£250K01/230.45 mi17, Gray Court, Stevenage, Hertfordshire SG1 3UH2
£150.5K02/230.46 mi42, Harrow Court, Stevenage, Hertfordshire SG1 1JS2
£280K02/230.51 mi21, Julians Road, Stevenage, Hertfordshire SG1 3ES2
£297K09/210.52 mi8, Pryor Court, Stevenage, Hertfordshire SG1 3PW2
£277.5K12/200.63 mi58, Cuttys Lane, Stevenage, Hertfordshire SG1 1UW2
£252.5K11/210.63 mi41, Fresson Road, Stevenage, Hertfordshire SG1 3QU2
£228.5K03/210.63 mi39, Fresson Road, Stevenage, Hertfordshire SG1 3QU2
£215K09/210.65 mi94, Prestatyn Close, Stevenage, Hertfordshire SG1 2AL2
£225.5K02/230.65 mi77, Prestatyn Close, Stevenage, Hertfordshire SG1 2AL2
£180K11/200.67 mi50, Bedwell Crescent, Stevenage, Hertfordshire SG1 1LU2
£208K08/210.71 mi6, Barry Court, Stevenage, Hertfordshire SG1 2PQ2
£163K11/210.81 mi477, Vardon Road, Stevenage, Hertfordshire SG1 5BE2
£190K06/230.87 mi651, Lonsdale Road, Stevenage, Hertfordshire SG1 5EE2

Local Rents

50 rents from £1.3K/mo to £2.9K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,35008/240 miTownsend Mews, STEVENAGE2
£1,45008/240 miTownsend Mews, Stevenage, SG12
£1,45008/240.04 miTownsend Mews, Stevenage2
£1,50008/240.04 miPLATFORM_, Stevenage, Hertfordshire, SG12
£1,50008/240.08 miHowarde Court,Stevenage,SG12
£1,50008/240.1 mi-2
£1,35008/240.11 mi-2
£1,45008/240.11 miWoolners Way, STEVENAGE2
£1,40009/240.11 miMonument Court, Woolners Way, Stevenage2
£1,55008/240.11 mi209 Monument Court, Woolners Way, Stevenage2
£1,40008/240.12 miMonument Court, Woolners Way, Stevenage2
£1,50008/240.12 mi-2
£1,45003/250.12 mi-2
£1,50008/240.13 mi-2
£1,50008/240.13 miMonument Court, SG12
£1,69508/240.13 miWoolners Way, Stevenage, Hertfordshire, SG12
£1,69508/240.13 miWoolners Way,Stevenage,SG12
£1,42504/250.15 mi-2
£1,35008/240.17 miSouthend Close, Stevenage, Hertfordshire, SG12
£1,59508/240.17 miBrick Kiln Road, Stevenage2
£1,55003/250.18 mi-2
£1,50008/240.19 miKilby Road, Stevenage2
£1,45008/240.19 miKilby Road, Stevenage, Hertfordshire, SG12
£1,35011/240.21 mi-2
£1,49508/240.22 miHaycroft Road, Stevenage2
£1,35009/240.23 miEastbourne Avenue, STEVENAGE, Hertfordshire2
£1,45004/250.25 mi-2
£1,40904/250.26 mi-2
£1,35011/230.31 miPrimett Road, Stevenage, Hertfordshire, SG12
£1,60008/240.33 miSkyline Apartments, Stevenage, SG12
£1,45008/240.33 miSwingate, STEVENAGE2
£1,30008/240.33 miSkyline House, SG12
£1,49508/240.34 miBasils Road, Stevenage, Hertfordshire, SG12
£1,50008/240.35 mi-2
£1,50008/240.35 miBrickdale House, Stevenage, SG12
£1,50008/240.35 miBrickdale House, Stevenage2
£1,45008/240.36 mi-2
£1,40004/250.36 mi-2
£1,50008/240.37 mi-2
£1,32508/240.38 miHigh Street, Stevenage2
£1,30008/240.45 miGraydells, Stevenage2
£1,35008/240.45 miGray Court, Stevenage2
£1,30008/240.46 miPark Place, Stevenage2
£1,40011/240.46 mi-2
£2,85008/240.48 mi-2
£1,50011/230.48 miMulberry House, Stevenage2
£1,40008/240.48 miPark Place, STEVENAGE2
£1,40002/250.49 mi-2
£1,55008/240.49 miBowling Green, STEVENAGE2
£1,50009/240.49 miBowling Green, STEVENAGE2

Local Area Statistics

Population in SG1

51,296

Population in Stevenage

42,070

Town centre distance

1.01 miles away

Nearest school

0.30 miles away

Nearest train station

0.41 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-8%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £240,000

August 19, 2024

Floor Plans

Description

  • *EASY REACH OF MAINLINE STATION & OLD TOWN HIGH STREET +
  • *MODERN PURPOSE BUILT GROUND FLOOR APARTMENT +
  • *TWO DOUBLE BEDROOMS +
  • *SPACIOUS OPEN PLAN LIVING +
  • *BATHROOM & EN-SUITE TO BEDROOM +
  • *SECURE PARKING WITH ALLOCATED SPACE +
  • *LONG LEASE REMAINING +
  • *NO UPPER CHAIN +

SUMMARY
RARELY AVAILABLE purpose built apartment on the GROUND FLOOR with two double bedrooms & ideally located in the OLD TOWN within easy reach of the MAINLINE STATION. Boasts spacious open plan living with modern FITTED kitchen, en-suite shower to bedroom 2 & secure car park with ALLOCATED PARKING

DESCRIPTION
We are pleased to present a rarely available purpose built apartment on the ground floor, with two double bedrooms & ideally located in the Old Town within easy reach of the mainline station. The historic old high street offers an array of restaurants, bars, public houses & boutiques with good road links to nearby towns & the A1 serving north & south. The property benefits from a long lease remaining, secure car parking with allocated parking space, spacious open plan living with a modern fitted kitchen & an en-suite to one of the double bedrooms.

The main communal entrance has a secure entry fob system, with a front door leading into the spacious entrance hall with 2 built in store cupboards. The spacious open plan living room has double glazed windows & `French style` doors onto a `Juliet Balcony`. The modern fitted kitchen has a full range of units with work tops & an integrated oven & hob with hood over.

The main double bedroom is significant with a double glazed window, and the second double bedroom benefits from an en-suite shower room. There is a modern 3 piece bathroom with tiled walls & heated towel rail.

IMMEDIATE VIEWING HIGHLY RECOMMENDED & NO UPPER CHAIN

Secure Communal Entry 

Front Door To 

Entrance Hall 
Ample built in storage space, doors to bedrooms, bathroom & open plan living with kitchen

Open Plan Living With Kitchen 20' 8" x 12' 2" ( 6.30m x 3.71m )

Living Area 
Double glazed windows & double glazed `French style` doors to juliet balcony, opens to kitchen

Fitted Kitchen 
Range of floor & wall mounted store units with drawers & work tops over, built in oven & hob with hood over, sink & drainer unit with mixer tap, ceiling spots

Main Double Bedroom 18' 5" x 8' 9" ( 5.61m x 2.67m )
Double glazed windows

Second Double Bedroom 12' 4" x 8' 9" ( 3.76m x 2.67m )
Double glazed window, door to en-suite

En-Suite 
Comprises low level WC, wash hand basin, tiled shower enclosure, heated towel rail, Double glazed window

Modern Bathroom 
Comprises low level WC, wash hand basin, panel bath, partly tiled walls, heated towel, Double glazed window

Outside 

Allocated Parking Space 
Secure barrier access to communal car park, with allocated space number 34

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Stevenage

01438 901785

Next Steps?

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