Studio for sale in Park Place, Stevenage SG1
£180,000 (£470/sq. ft)
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- 6.0% gross rental yield for 2 years guaranteed by vendor
- £10,800 rent per annum
- + 34.2% hpi (last five years)
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.
1 bedroom; 1 bathroom; 1 reception
Price: £198,000 Leasehold
Length of lease: 125 years from tbc
Rent: £990 pcm; £11,880 pa
Gross yield: 6.0% guaranteed by vendor for 2 years (starting 14 days after completion)
Service charge: £898.31
Ground rent: £180
Tenancy type: N/A
Tenancy start date: N/A
Stylish worktops and integrated appliances
Plush carpets and light colour schemes
Bathrooms with modern design and chrome accents
Some studio apartments come with outside space
* floorplans may vary in style depending on unit purchased
The documents relating to the property are the latest available at the date of listing. Certain documents may expire or become inaccurate over time.
Please note that prospective buyers will be required to pay a fee of £900 per unit to Vesta upon acceptance of an offer on this property. The seller of the property will also pay a fee to Vesta.
EPC has been commissioned by the vendor and Vesta are awaiting receipt of it.
* Sizes listed are approximate. Please contact the agent to confirm actual size.
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Vesta Property, and do not constitute property particulars. Please contact Vesta Property for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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