2 Bed Flat, Single Let, Stevenage, SG1 2HR, £200,000

24 Skegness Road, Stevenage, SG1 2HR - 18 days ago

Leasehold

BTL

ROI: 6%

48 m²

+5 photos

ValuationOvervalued

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

Square Metres	48 m²
Price/m²	£4.2K/m²
Value Estimate	£146,229£146,229

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£50,000£50,000
Stamp Duty & Legal Fees	£11,200£11,200
Total Cash In	£61,200£61,200

Cash Out
Rent Range	£1,200 - £1,550£1,200 - £1,550
Rent Estimate	£1,200
Running Costs/mo	£885£885
Cashflow/mo	£315£315
Cashflow/yr	£3,780£3,780
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

28 sold prices from £77K to £300K, average is £215K. £975/m² to £4.5K/m², average is £3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£208K	08/21	0.23 mi	6, Barry Court, Stevenage, Hertfordshire SG1 2PQ	£3,152	66	2	Flat
£215K	09/21	0.25 mi	94, Prestatyn Close, Stevenage, Hertfordshire SG1 2AL	£4,479	48	2	Flat
£225.5K	02/23	0.25 mi	77, Prestatyn Close, Stevenage, Hertfordshire SG1 2AL	£4,337	52	2	Flat
£220K	03/23	0.41 mi	36, Baron Court, Stevenage, Hertfordshire SG1 4RS	£2,973	74	2	Flat
£280K	02/23	0.48 mi	21, Julians Road, Stevenage, Hertfordshire SG1 3ES	£4,444	63	2	Flat
£300K	11/21	0.62 mi	14, Shire Court, Stevenage, Hertfordshire SG1 3BB	£3,750	80	2	Flat
£260K	04/21	0.62 mi	10, Shire Court, Stevenage, Hertfordshire SG1 3BB	£3,824	68	2	Flat
£196.5K	06/21	0.82 mi	15, Howarde Court, Stevenage, Hertfordshire SG1 3DF	£2,848	69	2	Flat
£196.5K	06/21	0.82 mi	15, Howarde Court, Stevenage, Hertfordshire SG1 3DF	£2,848	69	2	Flat
£300K	07/23	0.82 mi	7, Howarde Court, Stevenage, Hertfordshire SG1 3DF	£4,366	69	2	Flat
£225K	03/21	0.84 mi	58, Southend Close, Stevenage, Hertfordshire SG1 3PE	£2,500	90	2	Flat
£245K	01/21	0.9 mi	40, Townsend Mews, Stevenage, Hertfordshire SG1 3AT	-	-	2	Flat
£252.5K	11/21	0.92 mi	41, Fresson Road, Stevenage, Hertfordshire SG1 3QU	£4,509	56	2	Flat
£228.5K	03/21	0.92 mi	39, Fresson Road, Stevenage, Hertfordshire SG1 3QU	£4,394	52	2	Flat
£139.8K	06/21	0.95 mi	64, Kilby Road, Stevenage, Hertfordshire SG1 2LT	£2,329	60	2	Flat
£157.5K	05/21	0.95 mi	11, Kilby Road, Stevenage, Hertfordshire SG1 2LT	-	-	2	Flat
£215K	04/21	0.95 mi	73, Kilby Road, Stevenage, Hertfordshire SG1 2LT	£3,413	63	2	Flat
£210K	04/21	0.95 mi	21, Kilby Road, Stevenage, Hertfordshire SG1 2LT	£3,200	66	2	Flat
£143K	12/20	0.95 mi	43, Kilby Road, Stevenage, Hertfordshire SG1 2LT	£2,424	59	2	Flat
£77K	12/20	0.95 mi	58, Kilby Road, Stevenage, Hertfordshire SG1 2LT	£1,283	60	2	Flat
£225K	03/21	0.95 mi	48, Kilby Road, Stevenage, Hertfordshire SG1 2LT	£3,000	75	2	Flat
£88K	11/20	0.95 mi	57, Kilby Road, Stevenage, Hertfordshire SG1 2LT	£1,375	64	2	Flat
£216.5K	04/21	0.95 mi	32, Kilby Road, Stevenage, Hertfordshire SG1 2LT	£3,093	70	2	Flat
£77K	02/21	0.95 mi	59, Kilby Road, Stevenage, Hertfordshire SG1 2LT	£1,242	62	2	Flat
£77K	01/21	0.95 mi	74, Kilby Road, Stevenage, Hertfordshire SG1 2LT	£1,185	65	2	Flat
£77K	02/21	0.95 mi	49, Kilby Road, Stevenage, Hertfordshire SG1 2LT	£1,185	65	2	Flat
£77K	01/21	0.95 mi	34, Kilby Road, Stevenage, Hertfordshire SG1 2LT	£975	79	2	Flat
£297K	09/21	0.99 mi	8, Pryor Court, Stevenage, Hertfordshire SG1 3PW	£4,474	66	2	Flat

Local Rents

25 rents from £1.2K/mo to £1.6K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,295	11/23	0.16 mi	Lymington Road,Stevenage,SG1	2	Flat
£1,250	08/24	0.28 mi	Prestatyn Close, Stevenage, Hertfordshire, SG1	2	Flat
£1,550	08/24	0.31 mi	Chapman Road, Stevenage, Hertfordshire, SG1	2	Terraced House
£1,350	08/24	0.33 mi	Colwyn Close, Stevenage, SG1	2	Terraced House
£1,350	08/24	0.33 mi	Colwyn Close, Stevenage, Hertfordshire, SG1	2	Terraced House
£1,375	08/24	0.33 mi	Colwyn Close, Stevenage, Hertfordshire, SG1	2	Terraced House
£1,250	02/25	0.35 mi	-	2	Flat
£1,280	08/24	0.36 mi	Colwyn Close, Stevenage, SG1	2	Flat
£1,395	08/24	0.37 mi	Morecambe Close, Stevenage	2	Flat
£1,200	08/24	0.38 mi	-	2	Flat
£1,200	08/24	0.38 mi	-	2	Flat
£1,200	08/24	0.38 mi	-	2	Flat
£1,350	08/24	0.39 mi	Knowle Court , Ingleside Drive	2	Flat
£1,200	03/25	0.39 mi	-	2	Flat
£1,300	03/25	0.41 mi	-	2	Flat
£1,300	03/25	0.41 mi	-	2	Flat
£1,500	09/24	0.41 mi	-	2	Flat
£1,450	11/24	0.43 mi	-	2	Flat
£1,275	07/24	0.43 mi	-	2	Flat
£1,350	08/24	0.44 mi	The Mansion, Stevenage	2	Flat
£1,400	02/25	0.47 mi	-	2	Terraced House
£1,550	08/24	0.55 mi	Bowling Green, STEVENAGE	2	Flat
£1,500	09/24	0.55 mi	Bowling Green, STEVENAGE	2	Terraced House
£1,500	07/24	0.57 mi	-	2	Terraced House
£1,325	08/24	0.59 mi	High Street, Stevenage	2	Flat

Local Area Statistics

Population in SG1	51,29651,296
Population in Stevenage	42,07042,070
Town centre distance	1.85 miles away1.85 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	1.23 miles away1.23 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 £200,000

March 18, 2025

Floor Plans

Description

Two Bedrooms +
First Floor Flat +
Open Plan Kitchen / Lounge +
Bathroom With Separate Shower Cubicle +
Large Storage Cupboard +
Symonds Green Location +
CHAIN FREE +

Guide Price £200,000 - £225,000 A two bedroom first floor flat located in the Symonds Green area of Stevenage. With an open plan Kitchen/Lounge, large storage cupboard area and Bathroom with separate shower cubicle, this property is being sold CHAIN FREE

Ground Floor -

Communal Hall - Entryphone system, security door into the building, Stairs to first floor and doors into flats.

First Floor -

Entrance Hall - Tiled flooring, Folding door to large storage cupboard, Entryphone handset, Doors to all rooms, access to loft.

Large Storage Cupboard - 2.69 x 1.24 - Laminate flooring, Currently housing large wardrobe, wall mounted gas meter, consumer unit and has lighting.

Kitchen / Lounge - 4.19 x 3.51 - Laminate flooring in the lounge area, Radiator, Double glazed window to side aspect, Tiled flooring in the Kitchen area, Fitted in a range of wall and base units, Integral oven with electric oven and extractor above, Recessed one and a half sink with granite counter over, Plumbed for washing machine.

Bedroom One - 3.48 x 3.20 - Laminate flooring, Radiator, Double glazed windows to side aspect.

Bedroom Two - 2.69 x 2.59 - Laminate flooring, Radiator, Wall mounted combi boiler, Double glazed window to side aspect.

Bathroom - Fully tiled, Spot lighting, Jacuzzi bath, Panelled bath, Separate shower cubicle, Large bathroom sink with vanity unit below, Extractor fan, Heated towel rail, Low level WC, Frosted double glazed window to side aspect.

Communal Courtyard - Paved with gate to rear of property and door into the building. Two rotary washing lines.

Parking - Parking available on a first come, first served basis.

Agents Notes - LEASE DETAILS - We have been advised by the seller as follows:
Lease length - until 14th Aug 2108 (83yrs remaining)
Service charges - £898.13pa (£74.84pcm)
Ground Rent - £10pa

Agent Details

Hunters, Stevenage

01438 901491

Next Steps?

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

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ValuationOvervalued

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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