2 Bed Flat, Single Let, Stevenage, SG2 9AG, £200,000

Valley Way, Stevenage, SG2 9AG - 2 views - 3 months ago

Leasehold
BTL
ROI: 7%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£67.5K - £277.5K
Sold Prices/m²£1.2K/m² - £4.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£229,423
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£57,200

 

 

Cash Out

 

Rent Range

£1,175 - £3,900

Rent Estimate

£1,250

Running Costs/mo

£895

Cashflow/mo

£355

Cashflow/yr

£4,260

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £67.5K to £277.5K, average is £210K. £1.2K/m² to £4.9K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£182K11/210.23 mi72, Valley Way, Stevenage, Hertfordshire SG2 9AG2
£220K12/220.33 mi1, Chatsworth Court, Stevenage, Hertfordshire SG2 8DY2
£261K03/220.42 miFlat 3, Broadwater Farm, London Road, Stevenage, Hertfordshire SG2 8DT2
£67.5K02/210.77 mi19, Nokeside, Stevenage, Hertfordshire SG2 8EY2
£210K04/220.78 miFlat 11, Saxon House, Aylward Drive, Stevenage, Hertfordshire SG2 8UY2
£222.5K01/230.78 miFlat 14, Saxon House, Aylward Drive, Stevenage, Hertfordshire SG2 8UY2
£220K05/230.78 miFlat 7, Saxon House, Aylward Drive, Stevenage, Hertfordshire SG2 8UY2
£221K12/220.78 miFlat 26, Saxon House, Aylward Drive, Stevenage, Hertfordshire SG2 8UY2
£215K04/230.8 mi23, Stephenson Mews, Stevenage, Hertfordshire SG2 8UW2
£102.5K04/210.8 mi37, Stephenson Mews, Stevenage, Hertfordshire SG2 8UW2
£160K05/210.84 miFlat 32, The Cedars, Burghley Close, Stevenage, Hertfordshire SG2 8SZ2
£205K08/230.84 miFlat 43, The Elms, Burghley Close, Stevenage, Hertfordshire SG2 8SZ2
£204.8K04/210.84 miFlat 46, The Elms, Burghley Close, Stevenage, Hertfordshire SG2 8SZ2
£190K04/210.84 miFlat 40, The Cedars, Burghley Close, Stevenage, Hertfordshire SG2 8SZ2
£190K03/220.85 miFlat 48, The Elms, Burghley Close, Stevenage, Hertfordshire SG2 8SZ2
£277.5K12/200.99 mi58, Cuttys Lane, Stevenage, Hertfordshire SG1 1UW2
£180K11/201.05 mi50, Bedwell Crescent, Stevenage, Hertfordshire SG1 1LU2
£210K07/221.07 mi10, Kestrel Close, Stevenage, Hertfordshire SG2 9PB2
£230.5K08/221.07 miFlat 5, Broughton Court, Wychdell, Stevenage, Hertfordshire SG2 8JF2
£150.5K02/231.19 mi42, Harrow Court, Stevenage, Hertfordshire SG1 1JS2
£225K11/201.2 mi142, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£235K01/231.2 mi142, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£235K02/221.2 mi138, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£236K04/231.2 mi136, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£235K06/211.2 mi150, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£225K11/201.2 mi142, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£110K08/211.2 mi122, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£110K10/221.2 mi126, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£240K05/231.2 mi108, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£235K02/221.2 mi162, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£233.8K04/221.2 mi22, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£225K08/211.22 mi25, The Lawns, Stevenage, Hertfordshire SG2 9RT2
£217K10/211.22 mi28, Hampton Close, Stevenage, Hertfordshire SG2 8SP2
£188K06/211.22 mi34, Hampton Close, Stevenage, Hertfordshire SG2 8SP2
£225K03/231.22 mi32, Hampton Close, Stevenage, Hertfordshire SG2 8SP2
£180.5K03/211.22 mi27, Hampton Close, Stevenage, Hertfordshire SG2 8SP2
£210K08/221.36 mi154, Blenheim Way, Stevenage, Hertfordshire SG2 8TF2
£250K01/231.38 mi17, Gray Court, Stevenage, Hertfordshire SG1 3UH2
£225K08/221.43 mi25, Kerr Close, Knebworth, Hertfordshire SG3 6AL2
£255K01/221.43 mi9, Kerr Close, Knebworth, Hertfordshire SG3 6AL2
£237K09/221.43 mi47, Kerr Close, Knebworth, Hertfordshire SG3 6AL2
£178K04/211.43 mi45, Kerr Close, Knebworth, Hertfordshire SG3 6AL2
£195K01/211.43 mi31, Kerr Close, Knebworth, Hertfordshire SG3 6AL2
£202K08/211.43 mi63, Kerr Close, Knebworth, Hertfordshire SG3 6AL2
£143K12/201.52 mi43, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£77K12/201.52 mi58, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£88K11/201.52 mi57, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£77K02/211.52 mi59, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£77K01/211.52 mi74, Kilby Road, Stevenage, Hertfordshire SG1 2LT2
£77K02/211.52 mi49, Kilby Road, Stevenage, Hertfordshire SG1 2LT2

Local Rents

49 rents from £1.2K/mo to £3.9K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40002/240.34 mi-2
£1,30008/240.35 miShackleton Spring, Stevenage2
£1,65010/240.42 mi-2
£1,49508/240.43 miShephall Green, Stevenage2
£1,62501/250.56 mi-2
£1,30009/240.6 miBarnwell, Stevenage, SG2 9SJ2
£3,90002/240.64 mi-2
£1,40004/250.65 miBrickdale House, Stevenage2
£1,29508/240.66 miBriardale, Stevenage, Hertfordshire, SG12
£1,40005/240.67 mi-2
£1,35007/240.67 mi-2
£1,45009/240.73 miHydean Way, Stevenage2
£1,35008/240.76 miWalden End, STEVENAGE2
£1,25008/240.78 miAylward Drive, Stevenage, Hertfordshire, SG22
£1,32508/240.78 miTippett Court , London Road 2
£1,20008/240.81 miBuckthorn Avenue, SG12
£1,35008/240.87 miNew Town, Stevenage2
£1,25008/240.9 miKeller Close, STEVENAGE2
£1,55010/230.9 mi-2
£1,25008/240.91 mi-2
£1,30012/240.91 mi-2
£1,30008/240.92 miTintern Close, Stevenage2
£1,35009/240.92 miTintern Close, Stevenage, Hertfordshire, SG22
£1,17508/240.92 miCuttys Lane, STEVENAGE2
£1,34308/240.92 miVista Tower, St. George's Way, Stevenage, SG12
£1,40008/240.92 mi-2
£1,35008/240.92 miSt Georges Way, STEVENAGE2
£1,30008/240.92 miVista Tower, SG12
£1,35008/240.92 miVista Tower, SG12
£1,35004/250.93 miVista Tower, Stevenage2
£1,30012/240.93 mi-2
£1,35008/240.93 miVista Tower2
£1,40001/250.93 mi-2
£1,34308/240.93 miVista Tower, Stevenage, SG12
£1,60011/230.96 miWest Terrace, Six Hills Way, Stevenage2
£1,30010/230.98 mi-2
£1,35011/240.98 mi-2
£1,35009/241.06 miKestrel Close, STEVENAGE2
£1,50011/231.1 miMulberry House, Stevenage2
£1,40008/241.1 miPark Place, STEVENAGE2
£2,85008/241.1 mi-2
£1,30008/241.12 miPark Place, Stevenage2
£1,30008/241.19 miShearwater Close, Stevenage2
£1,40004/251.22 mi-2
£1,45008/241.22 mi-2
£1,50008/241.23 miBrickdale House, Stevenage, SG12
£1,50008/241.23 mi-2
£1,50008/241.23 miBrickdale House, Stevenage2
£1,50008/241.23 mi-2

Local Area Statistics

Population in SG2

42,038

Population in Stevenage

42,070

Town centre distance

0.97 miles away

Nearest school

0.10 miles away

Nearest train station

1.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-11%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £200,000

February 1, 2025

Floor Plans

Description

  • CHAIN FREE +
  • TWO BEDROOMS +
  • GREAT LOCATION +
  • WELL PRESENTED +
  • LONG LEASE +
  • BALCONY +

* GUIDE PRICE £200,000 - £210,000 *
This well-presented two-bedroom first-floor apartment is situated in Valley Way the Shephall area of Stevenage, offering generous living space and excellent access to local amenities. Ideal for first-time buyers, families, or investors, this property is available chain free for a smooth and hassle-free purchase.

Upon entering the apartment, you are welcomed into a spacious entrance hall, which provides access to all rooms and offers ample storage options. The living/dining room is a bright and inviting space, perfect for both relaxation and entertaining. Large windows allow plenty of natural light to fill the room, and an adjoining private balcony provides a lovely outdoor space to enjoy.

The separate kitchen is well-equipped with fitted units, generous worktop space, and room for appliances. Its functional layout makes it ideal for preparing meals and everyday cooking.

Both bedrooms are well-proportioned doubles, offering comfortable living spaces with ample room for wardrobes and additional furnishings. The apartment is completed by a family bathroom, featuring a three-piece suite, including a bathtub with an overhead shower, a washbasin, and a WC.

Externally, the property benefits from a large communal area, providing a green space for residents to enjoy. Conveniently located, the apartment is within close proximity to local shops, well-regarded schools, and excellent transport links, making it a fantastic option for those looking for a well-connected and convenient home.

With the added benefit of no onward chain, this property is an excellent opportunity for buyers looking for a straightforward move. Contact us today to arrange a viewing!

Agent Details

haart, Stevenage

01438 901677

Next Steps?

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