2 Bed Flat, Single Let, Stevenage, SG2 8UY, £215,000

Saxon House, Aylwood Drive, Shephall, Stevenage, Hertfordshire, SG2 8UY - 2 views - 6 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+3 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£229,215
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£7,650

Total Cash In

£61,400

 

 

Cash Out

 

Rent Range

£1,250 - £3,900

Rent Estimate

£1,269

Running Costs/mo

£946

Cashflow/mo

£323

Cashflow/yr

£3,880

ROI

6%

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 
£210K04/220.01 miFlat 11, Saxon House, Aylward Drive, Stevenage, Hertfordshire SG2 8UY2
£222.5K01/230.01 miFlat 14, Saxon House, Aylward Drive, Stevenage, Hertfordshire SG2 8UY2
£220K05/230.01 miFlat 7, Saxon House, Aylward Drive, Stevenage, Hertfordshire SG2 8UY2
£221K12/220.01 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
£233.8K04/220.43 mi22, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£182K11/210.55 mi72, Valley Way, Stevenage, Hertfordshire SG2 9AG2
£225K08/210.74 mi25, The Lawns, Stevenage, Hertfordshire SG2 9RT2
£180K11/200.74 mi50, Bedwell Crescent, Stevenage, Hertfordshire SG1 1LU2
£277.5K12/200.82 mi58, Cuttys Lane, Stevenage, Hertfordshire SG1 1UW2
£210K07/220.92 mi10, Kestrel Close, Stevenage, Hertfordshire SG2 9PB2
£150.5K02/230.96 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 
£1,25008/240.01 miAylward Drive, Stevenage, Hertfordshire, SG22
£1,25008/240.13 miKeller Close, STEVENAGE2
£1,30008/240.43 miShackleton Spring, Stevenage2
£1,40002/240.45 mi-2
£1,30010/230.52 mi-2
£1,35011/240.52 mi-2
£1,49508/240.53 miShephall Green, Stevenage2
£1,65010/240.53 mi-2
£1,45009/240.55 miHydean Way, Stevenage2
£1,30009/240.57 miBarnwell, Stevenage, SG2 9SJ2
£3,90002/240.61 mi-2
£1,40005/240.61 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 £215,000

October 17, 2024

Sold for £193,950

2006

Floor Plans

Description

  • INDIGO RESIDENTIAL +
  • Ensuite to Master +
  • Walking Distance to Town Centre +
  • Ideal First Time Buy/Buy To Let +
  • Quiet Cul De Sac Location +
  • Parking Space +
  • Over 900 Year Lease +
  • Views over Fairlands Valley Park +

*SPACIOUS TWO BEDROOM FLAT WITH ENSUITE & LONG LEASE*

INDIGO RESIDENTIAL are delighted to be marketing this fantastic two bedroom apartment boasting an ensuite to master, views over Fairlands Valley Park and its own parking space all within a few minutes walk from the town centre.

DESCRIPTION:

This spacious apartment is accessed via and intercom phone system and briefly comprises of an entrance hall with doors opening into all the rooms and electric heating. The lounge boasts fitted laminate flooring with double glazed windows overlooking Fairlands Valley park. The kitchen has fitted eye and base level units with space for a fridge/freezer, washing machine, integral oven/hob. The master bedroom has fitted carpets space for wardrobes along with double glazed windows and door leading into the ensuite shower room with W/C. The second double bedroom also has fitted carpets and double glazed windows. The family bathroom has been part tiled with a fitted white suite and shower over the bath.

Externally there is an allocated parking space with several visitors spaces along with a side path directly leading to Fairlands Valley Park.
Lease 900+ years
Service Charge £1600 pa approx
Ground Rent £150 pa approx
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

Indigo Residential, Stopsley

01582 297278

Next Steps?

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