2 Bed Flat, Single Let, Stevenage, SG2 8UY, £230,000

29, Shephall Green, Stevenage, SG2 9XS - 8 months ago

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

ValuationFair Value

Sold Prices£102.5K - £277.5K
Sold Prices/m²£1.7K/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.4K/m²

Value Estimate

£229,423

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£12,700

Total Cash In

£70,200

 

 

Cash Out

 

Rent Range

£1,250 - £3,900

Rent Estimate

£1,269

Running Costs/mo

£993

Cashflow/mo

£276

Cashflow/yr

£3,317

ROI

5%

Gross Yield

7%

Local Sold Prices

23 sold prices from £102.5K to £277.5K, average is £222.5K. £1.7K/m² to £4K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£210K04/220 miFlat 11, Saxon House, Aylward Drive, Stevenage, Hertfordshire SG2 8UY2
£222.5K01/230 miFlat 14, Saxon House, Aylward Drive, Stevenage, Hertfordshire SG2 8UY2
£220K05/230 miFlat 7, Saxon House, Aylward Drive, Stevenage, Hertfordshire SG2 8UY2
£221K12/220 miFlat 26, Saxon House, Aylward Drive, Stevenage, Hertfordshire SG2 8UY2
£215K04/230.04 mi23, Stephenson Mews, Stevenage, Hertfordshire SG2 8UW2
£102.5K04/210.04 mi37, Stephenson Mews, Stevenage, Hertfordshire SG2 8UW2
£225K11/200.42 mi142, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£235K01/230.42 mi142, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£235K02/220.42 mi138, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£236K04/230.42 mi136, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£235K06/210.42 mi150, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£225K11/200.42 mi142, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£110K08/210.42 mi122, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£110K10/220.42 mi126, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£240K05/230.42 mi108, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£235K02/220.42 mi162, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£233.8K04/220.42 mi22, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£182K11/210.55 mi72, Valley Way, Stevenage, Hertfordshire SG2 9AG2
£180K11/200.74 mi50, Bedwell Crescent, Stevenage, Hertfordshire SG1 1LU2
£225K08/210.74 mi25, The Lawns, Stevenage, Hertfordshire SG2 9RT2
£277.5K12/200.82 mi58, Cuttys Lane, Stevenage, Hertfordshire SG1 1UW2
£210K07/220.92 mi10, Kestrel Close, Stevenage, Hertfordshire SG2 9PB2
£150.5K02/230.95 mi42, Harrow Court, Stevenage, Hertfordshire SG1 1JS2

Local Rents

12 rents from £1.3K/mo to £3.9K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,25008/240 miAylward Drive, Stevenage, Hertfordshire, SG22
£1,25008/240.13 miKeller Close, STEVENAGE2
£1,30008/240.44 miShackleton Spring, Stevenage2
£1,40002/240.45 mi-2
£1,30010/230.51 mi-2
£1,35011/240.51 mi-2
£1,49508/240.54 miShephall Green, Stevenage2
£1,65010/240.54 mi-2
£1,45009/240.55 miHydean Way, Stevenage2
£1,30009/240.57 miBarnwell, Stevenage, SG2 9SJ2
£3,90002/240.61 mi-2
£1,40005/240.62 mi-2

Local Area Statistics

Population in SG2

42,038

Population in Stevenage

42,070

Town centre distance

0.43 miles away

Nearest school

0.30 miles away

Nearest train station

1.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-11%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £230,000

September 7, 2024

Floor Plans

Description

  • FIRST FLOOR APARTMENT +
  • ALLOCATED PARKING SPACE +
  • OVERLOOKING FAIRLANDS VALLEY PARK/LAKES +
  • LONG LEASE - 980 YEARS REMAINING +
  • EN-SUITE SHOWER ROOM +
  • TWO BEDROOMS +
  • NEWLY FITTED KITCHEN +
  • WALKING DISTANCE TO THE TRAIN STATION AND TOWN CENTRE +

GUIDE PRICE £230,000 - £240,000 Situated on the first floor, with only one connecting neighbour, over looking Fairlands Valley Park; this property is beautifully located and convenient for access to Stevenage train station for any commuters. Having a very long lease; with 980 years remaining is also a large benefit to the property. The property comprises; a good size lounge with window looking out over the park, newly fitted kitchen, two good size bedrooms, bathroom and en-suite shower room. Outside; there is  communal garden with washing line, bin store and allocated parking space with additional visitor parking  bays.  Saxon House is ideally located close to lots of local amenities; whilst also benefitting from fantastic views.  Fairlands Valley Park 0.1 Miles Marriotts Secondary School 0.3 Miles St Nicholas Primary 0.3 Miles Local Shops 0.5 Miles Town Centre 1.1 Miles TRAIN STATION 1.2 Miles A1m Junction 7 1.4 Miles **

Agent Details

Kalm Estate Agents, Stevenage

01438 901837

Next Steps?

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