Stevenage, SG1 6BG | Investment Property for Sale | VES-SG1-001

Exceptional investment opportunity to buy a hands-off investment generating 7.04% yield

£275,000

Terraced House

VES-SG1-001

INITIAL INVESTMENT

£125,550

GROSS RENT / YIELD

£19,361 / 7.0%

NET RENT / YIELD

£15,168 / 5.5%

Sold STC

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The property

TENANCY

Tenanted

TENURE

Freehold

2 bedrooms

2 bathrooms

1 reception room

640

Unfurnished

It is let to a specialist housing provider on a 10 year full repair and insurance lease.

Vesta has not visited the property and the marketing material has been provided by the vendor.

Tenancy

RENT

£19,361 p.a. / £1,613 pcm

TENANCY DEPOSIT

£0

TENANCY TYPE

FRI Lease

TENANCY AGREEMENT STARTED

over 4 years ago

TENANCY AGREEMENT ENDS

1/11/2025

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

Rental Income

GROSS RENT PER ANNUM

£19,361

Equivalent of £1,613 per calendar month (PCM).

GROSS RENTAL YIELD

7.0%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£15,168

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

5.5%

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

FULLY MANAGED OPERATING COSTS

£4,194

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

Click to understand assumptions.

Disclaimer

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

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.

Fairfield Way,

Stevenage,

Hertfordshire,

England,

SG1 6BG

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