2 Bed Flat, Single Let, Stevenage, SG1 2LU, £165,000

Kilby Road, Stevenage, Hertfordshire, SG1 2LU - 2 views - 7 months ago

Leasehold
Auction
BTL
ROI: 13%
~68 m²
+3 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.4K/m²

Value Estimate

£204,600
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£6,150

Total Cash In

£47,400

 

 

Cash Out

 

Rent Range

£1,300 - £2,850

Rent Estimate

£1,300

Running Costs/mo

£796

Cashflow/mo

£504

Cashflow/yr

£6,053

ROI

13%

Gross Yield

9%

Local Sold Prices

31 sold prices from £77K to £300K, average is £215K. £975/m² to £4.5K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£139.8K06/210.07 mi64, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£157.5K05/210.07 mi11, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£215K04/210.07 mi73, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£210K04/210.07 mi21, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£143K12/200.07 mi43, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£77K12/200.07 mi58, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£225K03/210.07 mi48, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£88K11/200.07 mi57, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£216.5K04/210.07 mi32, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£77K02/210.07 mi59, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£77K01/210.07 mi74, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£77K02/210.07 mi49, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£77K01/210.07 mi34, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£245K01/210.24 mi40, Townsend Mews, Stevenage, Hertfordshire SG1 3AT2
£196.5K06/210.3 mi15, Howarde Court, Stevenage, Hertfordshire SG1 3DF2
£196.5K06/210.3 mi15, Howarde Court, Stevenage, Hertfordshire SG1 3DF2
£300K07/230.3 mi7, Howarde Court, Stevenage, Hertfordshire SG1 3DF2
£225K03/210.4 mi58, Southend Close, Stevenage, Hertfordshire SG1 3PE2
£150.5K02/230.5 mi42, Harrow Court, Stevenage, Hertfordshire SG1 1JS2
£250K01/230.59 mi17, Gray Court, Stevenage, Hertfordshire SG1 3UH2
£277.5K12/200.6 mi58, Cuttys Lane, Stevenage, Hertfordshire SG1 1UW2
£300K11/210.62 mi14, Shire Court, Stevenage, Hertfordshire SG1 3BB2
£260K04/210.62 mi10, Shire Court, Stevenage, Hertfordshire SG1 3BB2
£180K11/200.7 mi50, Bedwell Crescent, Stevenage, Hertfordshire SG1 1LU2
£280K02/230.7 mi21, Julians Road, Stevenage, Hertfordshire SG1 3ES2
£297K09/210.75 mi8, Pryor Court, Stevenage, Hertfordshire SG1 3PW2
£215K09/210.77 mi94, Prestatyn Close, Stevenage, Hertfordshire SG1 2AL2
£225.5K02/230.77 mi77, Prestatyn Close, Stevenage, Hertfordshire SG1 2AL2
£208K08/210.87 mi6, Barry Court, Stevenage, Hertfordshire SG1 2PQ2
£252.5K11/210.87 mi41, Fresson Road, Stevenage, Hertfordshire SG1 3QU2
£228.5K03/210.87 mi39, Fresson Road, Stevenage, Hertfordshire SG1 3QU2

Local Rents

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

RentDateDistanceAddressBeds 
£1,35011/240.05 mi-2
£1,50008/240.07 miKilby Road, Stevenage2
£1,45008/240.07 miKilby Road, Stevenage, Hertfordshire, SG12
£1,50008/240.2 miPLATFORM_, Stevenage, Hertfordshire, SG12
£1,60008/240.22 miSkyline Apartments, Stevenage, SG12
£1,45008/240.22 miSwingate, STEVENAGE2
£1,30008/240.22 miSkyline House, SG12
£1,55008/240.23 mi209 Monument Court, Woolners Way, Stevenage2
£1,50008/240.23 mi-2
£1,50008/240.24 mi-2
£1,35008/240.24 miTownsend Mews, STEVENAGE2
£1,45008/240.24 miTownsend Mews, Stevenage, SG12
£1,50008/240.25 miBrickdale House, Stevenage2
£1,50008/240.25 mi-2
£1,50008/240.25 miBrickdale House, Stevenage, SG12
£1,45008/240.25 mi-2
£1,45003/250.25 mi-2
£1,40004/250.25 mi-2
£1,40008/240.26 miMonument Court, Woolners Way, Stevenage2
£1,50008/240.26 mi-2
£1,50008/240.26 miMonument Court, SG12
£1,69508/240.26 miWoolners Way, Stevenage, Hertfordshire, SG12
£1,69508/240.26 miWoolners Way,Stevenage,SG12
£1,45008/240.26 miWoolners Way, STEVENAGE2
£1,40009/240.26 miMonument Court, Woolners Way, Stevenage2
£1,50008/240.27 mi-2
£1,35008/240.27 mi-2
£1,59508/240.28 miBrick Kiln Road, Stevenage2
£1,45008/240.28 miTownsend Mews, Stevenage2
£1,50008/240.3 miHowarde Court,Stevenage,SG12
£1,42504/250.36 mi-2
£1,55003/250.38 mi-2
£1,35008/240.41 miSouthend Close, Stevenage, Hertfordshire, SG12
£1,30008/240.41 miPark Place, Stevenage2
£2,85008/240.42 mi-2
£1,50011/230.42 miMulberry House, Stevenage2
£1,40008/240.42 miPark Place, STEVENAGE2
£1,49508/240.44 miHaycroft Road, Stevenage2
£1,35009/240.45 miEastbourne Avenue, STEVENAGE, Hertfordshire2
£1,45004/250.47 mi-2
£1,40904/250.49 mi-2
£1,35011/230.51 miPrimett Road, Stevenage, Hertfordshire, SG12
£1,60011/230.53 miWest Terrace, Six Hills Way, Stevenage2
£1,34308/240.54 miVista Tower, Stevenage, SG12
£1,40001/250.54 mi-2
£1,30012/240.54 mi-2
£1,35004/250.54 miVista Tower, Stevenage2
£1,35008/240.54 miVista Tower2
£1,30008/240.54 miVista Tower, SG12
£1,35008/240.54 miVista Tower, SG12

Local Area Statistics

Population in SG1

51,296

Population in Stevenage

42,070

Town centre distance

1.04 miles away

Nearest school

0.50 miles away

Nearest train station

0.21 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-8%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £165,000

September 23, 2024

Floor Plans

Description

  • Modern method of auction +
  • Buyers Fee's apply +
  • For Sale by Modern Auction – T & C’s apply +
  • Subject to Reserve Price +

This well-maintained property is a stylish and contemporary flat, situated in a highly sought-after location. The flat boasts a good condition throughout, making it an ideal investment opportunity for landlords.

Conveniently positioned close to the train station, this property offers excellent public transport links, connecting you to various destinations with ease. You will also find a range of local amenities in close proximity, ensuring all your daily needs are within easy reach.

Overall, this property presents an excellent investment opportunity, offering a convenient location, well-appointed living spaces, and potential rental income. Don't miss out on the chance to own this attractive flat in a highly desirable area. Contact us now to arrange a viewing and secure this fantastic investment property.

Auctioneer Comments
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation
Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information
Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent
information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase
price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

HIT240232/2

Agent Details

Your Move, Hitchin

01462 415734

Next Steps?

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