2 Bed Flat, Single Let, Stevenage, SG1 3AD, £230,000

Woolners Way, Stevenage, SG1 3AD - 2 views - 4 months ago

Leasehold

BTL

ROI: 5%

~68 m²

+6 photos

ValuationOvervalued

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

Square Metres	~68.11 m²
Price/m²	£3.4K/m²
Value Estimate	£214,653£214,653

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£57,500£57,500
Stamp Duty & Legal Fees	£12,700£12,700
Total Cash In	£70,200£70,200

Cash Out
Rent Range	£1,280 - £1,695£1,280 - £1,695
Rent Estimate	£1,300
Running Costs/mo	£999£999
Cashflow/mo	£301£301
Cashflow/yr	£3,615£3,615
ROI	5%5%
Gross Yield	7%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.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£196.5K	06/21	0.07 mi	15, Howarde Court, Stevenage, Hertfordshire SG1 3DF	£2,848	69	2	Flat
£196.5K	06/21	0.07 mi	15, Howarde Court, Stevenage, Hertfordshire SG1 3DF	£2,848	69	2	Flat
£300K	07/23	0.07 mi	7, Howarde Court, Stevenage, Hertfordshire SG1 3DF	£4,366	69	2	Flat
£245K	01/21	0.11 mi	40, Townsend Mews, Stevenage, Hertfordshire SG1 3AT	-	-	2	Flat
£225K	03/21	0.19 mi	58, Southend Close, Stevenage, Hertfordshire SG1 3PE	£2,500	90	2	Flat
£139.8K	06/21	0.2 mi	64, Kilby Road, Stevenage, Hertfordshire SG1 2LT	£2,329	60	2	Flat
£157.5K	05/21	0.2 mi	11, Kilby Road, Stevenage, Hertfordshire SG1 2LT	-	-	2	Flat
£215K	04/21	0.2 mi	73, Kilby Road, Stevenage, Hertfordshire SG1 2LT	£3,413	63	2	Flat
£210K	04/21	0.2 mi	21, Kilby Road, Stevenage, Hertfordshire SG1 2LT	£3,200	66	2	Flat
£143K	12/20	0.2 mi	43, Kilby Road, Stevenage, Hertfordshire SG1 2LT	£2,424	59	2	Flat
£77K	12/20	0.2 mi	58, Kilby Road, Stevenage, Hertfordshire SG1 2LT	£1,283	60	2	Flat
£225K	03/21	0.2 mi	48, Kilby Road, Stevenage, Hertfordshire SG1 2LT	£3,000	75	2	Flat
£88K	11/20	0.2 mi	57, Kilby Road, Stevenage, Hertfordshire SG1 2LT	£1,375	64	2	Flat
£216.5K	04/21	0.2 mi	32, Kilby Road, Stevenage, Hertfordshire SG1 2LT	£3,093	70	2	Flat
£77K	02/21	0.2 mi	59, Kilby Road, Stevenage, Hertfordshire SG1 2LT	£1,242	62	2	Flat
£77K	01/21	0.2 mi	74, Kilby Road, Stevenage, Hertfordshire SG1 2LT	£1,185	65	2	Flat
£77K	02/21	0.2 mi	49, Kilby Road, Stevenage, Hertfordshire SG1 2LT	£1,185	65	2	Flat
£77K	01/21	0.2 mi	34, Kilby Road, Stevenage, Hertfordshire SG1 2LT	£975	79	2	Flat
£300K	11/21	0.36 mi	14, Shire Court, Stevenage, Hertfordshire SG1 3BB	£3,750	80	2	Flat
£260K	04/21	0.36 mi	10, Shire Court, Stevenage, Hertfordshire SG1 3BB	£3,824	68	2	Flat
£280K	02/23	0.44 mi	21, Julians Road, Stevenage, Hertfordshire SG1 3ES	£4,444	63	2	Flat
£250K	01/23	0.55 mi	17, Gray Court, Stevenage, Hertfordshire SG1 3UH	£4,252	59	2	Flat
£215K	09/21	0.55 mi	94, Prestatyn Close, Stevenage, Hertfordshire SG1 2AL	£4,479	48	2	Flat
£225.5K	02/23	0.55 mi	77, Prestatyn Close, Stevenage, Hertfordshire SG1 2AL	£4,337	52	2	Flat
£297K	09/21	0.56 mi	8, Pryor Court, Stevenage, Hertfordshire SG1 3PW	£4,474	66	2	Flat
£150.5K	02/23	0.57 mi	42, Harrow Court, Stevenage, Hertfordshire SG1 1JS	£2,427	62	2	Flat
£208K	08/21	0.63 mi	6, Barry Court, Stevenage, Hertfordshire SG1 2PQ	£3,152	66	2	Flat
£252.5K	11/21	0.65 mi	41, Fresson Road, Stevenage, Hertfordshire SG1 3QU	£4,509	56	2	Flat
£228.5K	03/21	0.65 mi	39, Fresson Road, Stevenage, Hertfordshire SG1 3QU	£4,394	52	2	Flat
£277.5K	12/20	0.73 mi	58, Cuttys Lane, Stevenage, Hertfordshire SG1 1UW	£3,343	83	2	Flat
£180K	11/20	0.78 mi	50, Bedwell Crescent, Stevenage, Hertfordshire SG1 1LU	£3,000	60	2	Flat
£163K	11/21	0.87 mi	477, Vardon Road, Stevenage, Hertfordshire SG1 5BE	£3,705	44	2	Flat
£190K	06/23	0.94 mi	651, Lonsdale Road, Stevenage, Hertfordshire SG1 5EE	£3,333	57	2	Flat

Local Rents

50 rents from £1.3K/mo to £1.7K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,450	08/24	0 mi	Woolners Way, STEVENAGE	2	Flat
£1,400	09/24	0 mi	Monument Court, Woolners Way, Stevenage	2	Flat
£1,350	08/24	0.01 mi	-	2	Flat
£1,500	08/24	0.02 mi	-	2	Flat
£1,400	08/24	0.02 mi	Monument Court, Woolners Way, Stevenage	2	Flat
£1,450	03/25	0.02 mi	-	2	Flat
£1,500	08/24	0.03 mi	-	2	Flat
£1,500	08/24	0.03 mi	-	2	Flat
£1,500	08/24	0.03 mi	Monument Court, SG1	2	Flat
£1,695	08/24	0.03 mi	Woolners Way, Stevenage, Hertfordshire, SG1	2	Flat
£1,695	08/24	0.03 mi	Woolners Way,Stevenage,SG1	2	Flat
£1,550	08/24	0.04 mi	209 Monument Court, Woolners Way, Stevenage	2	Flat
£1,500	08/24	0.07 mi	Howarde Court,Stevenage,SG1	2	Flat
£1,595	08/24	0.07 mi	Brick Kiln Road, Stevenage	2	Flat
£1,450	08/24	0.1 mi	Townsend Mews, Stevenage	2	Flat
£1,350	08/24	0.11 mi	Townsend Mews, STEVENAGE	2	Flat
£1,450	08/24	0.11 mi	Townsend Mews, Stevenage, SG1	2	Flat
£1,500	08/24	0.12 mi	PLATFORM_, Stevenage, Hertfordshire, SG1	2	Flat
£1,450	08/24	0.19 mi	Kilby Road, Stevenage, Hertfordshire, SG1	2	Flat
£1,500	08/24	0.2 mi	Kilby Road, Stevenage	2	Flat
£1,350	09/24	0.2 mi	Eastbourne Avenue, STEVENAGE, Hertfordshire	2	Semi-Detached House
£1,350	08/24	0.21 mi	Southend Close, Stevenage, Hertfordshire, SG1	2	Flat
£1,450	04/25	0.21 mi	-	2	Flat
£1,350	11/24	0.21 mi	-	2	Flat
£1,409	04/25	0.23 mi	-	2	Flat
£1,425	04/25	0.24 mi	-	2	Flat
£1,350	11/23	0.25 mi	Primett Road, Stevenage, Hertfordshire, SG1	2	Flat
£1,550	03/25	0.27 mi	-	2	Flat
£1,495	08/24	0.29 mi	Haycroft Road, Stevenage	2	Semi-Detached House
£1,325	08/24	0.33 mi	High Street, Stevenage	2	Flat
£1,495	08/24	0.37 mi	Basils Road, Stevenage, Hertfordshire, SG1	2	Terraced House
£1,400	02/25	0.38 mi	-	2	Terraced House
£1,600	08/24	0.41 mi	Skyline Apartments, Stevenage, SG1	2	Flat
£1,450	08/24	0.41 mi	Swingate, STEVENAGE	2	Flat
£1,300	08/24	0.41 mi	Skyline House, SG1	2	Flat
£1,500	08/24	0.43 mi	-	2	Flat
£1,500	08/24	0.43 mi	Brickdale House, Stevenage, SG1	2	Flat
£1,500	08/24	0.43 mi	Brickdale House, Stevenage	2	Flat
£1,395	08/24	0.44 mi	Morecambe Close, Stevenage	2	Flat
£1,450	08/24	0.44 mi	-	2	Flat
£1,400	04/25	0.44 mi	-	2	Flat
£1,500	08/24	0.44 mi	-	2	Flat
£1,550	08/24	0.44 mi	Bowling Green, STEVENAGE	2	Flat
£1,500	09/24	0.44 mi	Bowling Green, STEVENAGE	2	Terraced House
£1,280	08/24	0.45 mi	Colwyn Close, Stevenage, SG1	2	Flat
£1,500	09/24	0.48 mi	-	2	Flat
£1,350	08/24	0.48 mi	Colwyn Close, Stevenage, Hertfordshire, SG1	2	Terraced House
£1,375	08/24	0.48 mi	Colwyn Close, Stevenage, Hertfordshire, SG1	2	Terraced House
£1,350	08/24	0.48 mi	Colwyn Close, Stevenage, SG1	2	Terraced House
£1,500	07/24	0.5 mi	-	2	Terraced House

Local Area Statistics

Population in SG1	51,29651,296
Population in Stevenage	42,07042,070
Town centre distance	1.11 miles away1.11 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.46 miles away0.46 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-8%-8%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+18%+18%

Property History

Listed for £230,000

December 11, 2024

Floor Plans

Description

Two Bedroom Apartment +
Close To Old Town +
Chain Free +
En-Suite To Main Bedroom +
Open Plan Living Area +
Excellent Condition Throughout +
Allocated Underground Parking For One Vehicle +

*GUIDE PRICE £230,000 TO £240,000* This lovely two bedroom apartment is located close to the Old Town of Stevenage and is offered for sale chain free. The accommodation comprises an open plan living area with well appointed kitchen and balcony, two good size bedrooms, en-suite shower room to the main bedroom and a further bathroom. The property also benefits from one allocated parking space in the secure underground car park.

Agent Details

haart, Stevenage

01438 901677

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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ValuationOvervalued

CashflowsOpen in Analyser

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

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