2 Bed Flat, Single Let, Stevenage, SG1 1PY, £215,000

Hillside House, Stevenage, SG1 1PY - 2 views - 3 months ago

Leasehold
BTL
ROI: 5%
~68 m²
+10 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£207,219

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

£1,100 - £2,850

Rent Estimate

£1,200

Running Costs/mo

£932

Cashflow/mo

£268

Cashflow/yr

£3,218

ROI

5%

Gross Yield

7%

Local Sold Prices

44 sold prices from £77K to £300K, average is £212.5K. £975/m² to £4.5K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£180K11/200.24 mi50, Bedwell Crescent, Stevenage, Hertfordshire SG1 1LU2
£277.5K12/200.38 mi58, Cuttys Lane, Stevenage, Hertfordshire SG1 1UW2
£150.5K02/230.45 mi42, Harrow Court, Stevenage, Hertfordshire SG1 1JS2
£210K04/220.51 miFlat 11, Saxon House, Aylward Drive, Stevenage, Hertfordshire SG2 8UY2
£222.5K01/230.51 miFlat 14, Saxon House, Aylward Drive, Stevenage, Hertfordshire SG2 8UY2
£220K05/230.51 miFlat 7, Saxon House, Aylward Drive, Stevenage, Hertfordshire SG2 8UY2
£221K12/220.51 miFlat 26, Saxon House, Aylward Drive, Stevenage, Hertfordshire SG2 8UY2
£250K01/230.52 mi17, Gray Court, Stevenage, Hertfordshire SG1 3UH2
£215K04/230.55 mi23, Stephenson Mews, Stevenage, Hertfordshire SG2 8UW2
£102.5K04/210.55 mi37, Stephenson Mews, Stevenage, Hertfordshire SG2 8UW2
£225K11/200.62 mi142, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£235K01/230.62 mi142, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£235K02/220.62 mi138, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£236K04/230.62 mi136, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£235K06/210.62 mi150, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£225K11/200.62 mi142, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£110K08/210.62 mi122, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£110K10/220.62 mi126, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£240K05/230.62 mi108, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£235K02/220.62 mi162, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£233.8K04/220.63 mi22, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£182K11/210.79 mi72, Valley Way, Stevenage, Hertfordshire SG2 9AG2
£190K06/230.81 mi651, Lonsdale Road, Stevenage, Hertfordshire SG1 5EE2
£163K11/210.84 mi477, Vardon Road, Stevenage, Hertfordshire SG1 5BE2
£297K09/210.88 mi8, Pryor Court, Stevenage, Hertfordshire SG1 3PW2
£245K01/210.91 mi40, Townsend Mews, Stevenage, Hertfordshire SG1 3AT2
£125K04/230.91 mi38, Sutcliffe Close, Stevenage, Hertfordshire SG1 5PJ2
£225K03/210.92 mi58, Southend Close, Stevenage, Hertfordshire SG1 3PE2
£196.5K06/210.97 mi15, Howarde Court, Stevenage, Hertfordshire SG1 3DF2
£196.5K06/210.97 mi15, Howarde Court, Stevenage, Hertfordshire SG1 3DF2
£300K07/230.97 mi7, Howarde Court, Stevenage, Hertfordshire SG1 3DF2
£139.8K06/210.98 mi64, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£157.5K05/210.98 mi11, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£215K04/210.98 mi73, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£210K04/210.98 mi21, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£143K12/200.98 mi43, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£77K12/200.98 mi58, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£225K03/210.98 mi48, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£88K11/200.98 mi57, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£216.5K04/210.98 mi32, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£77K02/210.98 mi59, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£77K01/210.98 mi74, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£77K02/210.98 mi49, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£77K01/210.98 mi34, Kilby Road, Stevenage, Hertfordshire SG1 2LT2

Local Rents

31 rents from £1.1K/mo to £2.9K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30010/230 mi-2
£1,35011/240 mi-2
£1,55010/230.21 mi-2
£1,17508/240.29 miCuttys Lane, STEVENAGE2
£1,10008/240.33 miLonsdale Road, SG12
£1,35008/240.43 miWalden End, STEVENAGE2
£1,35007/240.44 mi-2
£1,40003/250.46 mi-2
£1,35008/240.51 miNew Town, Stevenage2
£1,25008/240.51 miAylward Drive, Stevenage, Hertfordshire, SG22
£1,40011/240.52 mi-2
£1,35008/240.52 miGray Court, Stevenage2
£1,40001/250.55 mi-2
£1,35008/240.55 miVista Tower2
£1,40008/240.55 mi-2
£1,34308/240.55 miVista Tower, St. George's Way, Stevenage, SG12
£1,35004/250.55 miVista Tower, Stevenage2
£1,30012/240.55 mi-2
£2,85008/240.55 mi-2
£1,30008/240.55 miPark Place, Stevenage2
£1,50011/230.55 miMulberry House, Stevenage2
£1,40008/240.55 miPark Place, STEVENAGE2
£1,35008/240.55 miSt Georges Way, STEVENAGE2
£1,30008/240.55 miVista Tower, SG12
£1,35008/240.55 miVista Tower, SG12
£1,34308/240.55 miVista Tower, Stevenage, SG12
£1,20008/240.56 miBuckthorn Avenue, SG12
£1,40004/250.57 miBrickdale House, Stevenage2
£1,25008/240.57 miKeller Close, STEVENAGE2
£1,30008/240.57 miGraydells, Stevenage2
£1,29508/240.58 miBriardale, Stevenage, Hertfordshire, SG12

Local Area Statistics

Population in SG1

51,296

Population in Stevenage

42,070

Town centre distance

0.10 miles away

Nearest school

0.30 miles away

Nearest train station

0.85 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-8%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £215,000

January 27, 2025

Floor Plans

Description

  • CHAIN FREE +
  • Balcony Overlooking Green Space +
  • Secure Entrycom System +
  • Top Floor Apartment +
  • Walking Distance To Local Amenities +
  • Estimated Rental Income - £1200-£1250 PCM (6.9% Yield) +

SUMMARY
This CHAIN FREE top floor two-bedroom apartment is set just a short distance from Stevenage Town Centre and offers fantastic living space. Perfect for First Time Buyers & Buy To Let Investors with and estimated return of nearly 7%

DESCRIPTION
This CHAIN FREE top floor two-bedroom apartment is set just a short distance from Stevenage Town Centre and offers fantastic living space. Perfect for First Time Buyers & Buy To Let Investors with and estimated return of nearly 7%

Internally the apartment comprises; spacious entrance hall leading to the large living/ dining space, offering room for a versatile layout. Separate Kitchen with ample cabinetry and countertop space, with room for all appliances. Two spacious double bedrooms both with a storage cupboard. Finally completed by the family bathroom offering a 3-piece white suite. Additionally, the apartment boasts a balcony overlooking a local playing field.

Externally the home has outside storage cupboards and post boxes. All whilst being set just a short distance from Stevenage Town providing a vast array of shops and amenities.

Hillside House has a bus stop within walking distance giving links across all of the town, and Stevenage Train Station is a short drive, providing access into London Kings Cross Within 20 minutes.

Entrance Hall 

Lounge/ Dining Room 16' 9" x 10' 11" ( 5.11m x 3.33m )

Kitchen 8' 6" x 6' 9" ( 2.59m x 2.06m )

Bedroom 1 11' 1" x 10' 1" ( 3.38m x 3.07m )

Bedroom 2 11' 10" x 8' 9" ( 3.61m x 2.67m )

Bathroom 

Balcony 

We currently hold lease details as displayed above, should you require 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. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Stevenage

01438 584983

Next Steps?

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