2 Bed Flat, Single Let, Stevenage, SG2 8BJ, £200,000

Keller Close, Stevenage, Hertfordshire, SG2 8BJ - 1 views - 2 months ago

Leasehold
BTL
ROI: 7%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£102.5K - £290K
Sold Prices/m²£1.7K/m² - £5.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£230,209
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£11,200

Total Cash In

£61,200

 

 

Cash Out

 

Rent Range

£1,250 - £1,650

Rent Estimate

£1,256

Running Costs/mo

£896

Cashflow/mo

£360

Cashflow/yr

£4,318

ROI

7%

Gross Yield

8%

Local Sold Prices

23 sold prices from £102.5K to £290K, average is £225K. £1.7K/m² to £5.8K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£215K04/230.05 mi23, Stephenson Mews, Stevenage, Hertfordshire SG2 8UW2
£102.5K04/210.05 mi37, Stephenson Mews, Stevenage, Hertfordshire SG2 8UW2
£210K04/220.09 miFlat 11, Saxon House, Aylward Drive, Stevenage, Hertfordshire SG2 8UY2
£222.5K01/230.09 miFlat 14, Saxon House, Aylward Drive, Stevenage, Hertfordshire SG2 8UY2
£220K05/230.09 miFlat 7, Saxon House, Aylward Drive, Stevenage, Hertfordshire SG2 8UY2
£221K12/220.09 miFlat 26, Saxon House, Aylward Drive, Stevenage, Hertfordshire SG2 8UY2
£225K11/200.35 mi142, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£235K01/230.35 mi142, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£235K02/220.35 mi138, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£236K04/230.35 mi136, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£235K06/210.35 mi150, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£225K11/200.35 mi142, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£110K08/210.35 mi122, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£110K10/220.35 mi126, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£240K05/230.35 mi108, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£235K02/220.35 mi162, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£233.8K04/220.36 mi22, Priestley Road, Stevenage, Hertfordshire SG2 0BP2
£182K11/210.62 mi72, Valley Way, Stevenage, Hertfordshire SG2 9AG2
£225K08/210.68 mi25, The Lawns, Stevenage, Hertfordshire SG2 9RT2
£180K11/200.79 mi50, Bedwell Crescent, Stevenage, Hertfordshire SG1 1LU2
£277.5K12/200.88 mi58, Cuttys Lane, Stevenage, Hertfordshire SG1 1UW2
£210K07/220.9 mi10, Kestrel Close, Stevenage, Hertfordshire SG2 9PB2
£290K09/220.97 mi17, Downlands, Stevenage, Hertfordshire SG2 7BH2

Local Rents

10 rents from £1.3K/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25008/240.05 miKeller Close, STEVENAGE2
£1,25008/240.09 miAylward Drive, Stevenage, Hertfordshire, SG22
£1,30008/240.51 miShackleton Spring, Stevenage2
£1,40002/240.52 mi-2
£1,45009/240.55 miHydean Way, Stevenage2
£1,30010/230.56 mi-2
£1,35011/240.56 mi-2
£1,49508/240.58 miShephall Green, Stevenage2
£1,65010/240.58 mi-2
£1,30009/240.59 miBarnwell, Stevenage, SG2 9SJ2

Local Area Statistics

Population in SG2

42,038

Population in Stevenage

42,070

Town centre distance

0.46 miles away

Nearest school

0.30 miles away

Nearest train station

1.35 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

March 4, 2025

Floor Plans

Description

  • NEW LEASE On Completion +
  • GUIDE PRICE £200,000 - £220,000. +
  • Two Bedroom +
  • Allocated Parking +
  • Top Floor Apartment +
  • Chells Location +
  • Council Tax Band B +

GUIDE PRICE £200,000 - £220,000. NEW LEASE: Two bedroom top floor apartment with allocated parking located in the quiet development situated a short walk from Fairlands Valley Lakes and the SB1 main bus route to Stevenage Bus and Train station this flat is ideal for those looking to commute. For more information and to arrange your viewing call Homes and Mortgages on .

Communal Entrance Hall - Communal entrance door and stairs to all floors.

Entrance Hall - Access to loft space, entry phone system, two built in storage cupboards, and doors to:

Lounge/Diner - 4.88m x 3.23m - double glazed window to rear aspect.

Kitchen - 2.31m x 1.7m - double glazed window to side aspect, wall and base units with roll top work surfaces, splash back tiling, stainless steel sink and drainer mixer tap over. Space for electric oven, washing machine and tall standing fridge freezer.

Bedroom One - 3.91m x 3.12m - Double glazed window to front aspect.

Bedroom Two - 3.23m x 2.87m - Double glazed window to front aspect.

Bathroom - double glazed window to side aspect, low level WC, vanity wash hand basin, panel bath with side taps, wall mounted shower and waterfall shower over, half tiled walls & exactor fan.

Information - Lease: 70 years remaining
Ground rent: 308 PA
service charge £148 PCM
One allocated parking space

Agent Details

Homes & Mortgages Estate Agents Ltd, Stevenage

01438 584981

Next Steps?

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