Stevenage, SG1 1AY | Investment Property for Sale | VES-SG1-004

Investment opportunity to purchase an apartment in Stevenage with guaranteed rent of £40,080 over two years

£334,000

Apartment

VES-SG1-004

INITIAL INVESTMENT

£153,720

GROSS RENT / YIELD

£20,040 / 6.0%

NET RENT / YIELD

£13,751 / 4.1%

ADD TO FAVOURITES

Guaranteed rent

A fixed rental income, paid each and every month without all of the normal stresses involved in letting a property.

You still get rent even if the property isn’t tenanted. See property description for more details.

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£338

SERVICE CHARGE

£1,303

2 bedrooms

1 bathroom

1 reception room

689

Unfurnished

Park Place combines contemporary architecture with modern interiors and landscaped open spaces. It is within close proximity to Stevenage's shopping district and town centre amenities. Designed by a multi-award-winning Gardner Stewart Architects, Park Place is the most anticipated new development new development in Stevenage with 202 apartments spread over five floors in two seperate buildings, Mulberry and Boston House. This two bedroom one bathroom apartment is well appointed with open living, dining and kitchen spaces. This apartment is perfect for entertaining and benefits from a spacious balcony/terrace also.

Apartment Features

  • Stylish worktops and integrated appliances
  • Plush carpets and light colour schemes
  • Bathrooms with modern design and chrome accents
  • All 2 bedroom apartments come with outside space

Leasehold Details

  • Length of lease: 125 years

  • floorplans may vary in style depending on unit purchased

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

VIEW FINANCIALS WITH

Personalise the financials

Edit our market average financial assumptions to see every property using your financial strategy.

Sign In or Sign Up

 to edit financials 

>

Rental Income

GROSS RENT PER ANNUM

£20,040

Equivalent of £1,670 per calendar month (PCM).

GROSS RENTAL YIELD

6.0%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£13,751

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

4.1%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£6,289

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Stevenage, Hertfordshire

Stevenage is a town and borough in the county of Hertfordshire which acts as a commuter town and is situated approximately 28 miles north of the City of London.

Thameslink operates southbound services where you can get to Finsbury Park in 15 mins. Stevenage Railway Station lies on the East Coast Main Line and is managed by LNER. The train service is capable of getting to London King’s Cross in approximately 20 minutes.

The town centre benefits form a large pedestrianised area that features a wide array of shopping, dining and entertainment. Here one can find Roaring Meg Retail Park which has a selection of well-known department stores like Debenhams and other household names like Argos, Harveys and Furniture Village. Just up the road from here there is also a Cineworld Cinema Complex and Westgate Shopping Centre that features over 30 great stores including some of the biggest high street names in the country such as H&M and River Island.

Stevenage is home to many large employers’ head offices such as GlaxoSmithKline, Airbus Group Ltd, Paddy Power Betfair and Fujitsu to name a few.

This location could be perfect for young families that may be looking for local educational options for their young children that are in walking distance. Round Diamond Primary School is around 5 minutes away from this property and offers mixed sex teaching up to the age of 11.

Park Place,

Stevenage,

Hertfordshire,

England,

SG1 1AY

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >

Questions?

Our sales team is standing by to help.

Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

Copyright © 2019 Vesta Global Limited. All rights reserved.