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3 bedroom maisonette for sale
16A &16B Elder Way, Stevenage, Hertfordshire, SG1 1SD
£380,000
16A &16B Elder Way, Stevenage, Hertfordshire, SG1 1SD
£380,000
Our Summary
- Guide Price £380,000 Plus Fees For sale by unconditional online auction, registration is now open
- For sale by online auction on 30 April 2025 Investment Opportunity Converted Mid Terrace Currently 2 x Maisonettes Net Rental Income £2900 pcm Can Be Sold Tenanted or Vacant Well Located for Local Amenities ** Vacant or tenanted opportunity ** Offering a 9% yield at guide price, this is an outstanding investment opportunity featuring two, well appointed, modern maisonettes in a converted, mid terrace property, perfectly situated in the Monkswood area of Stevenage and convenient for the town centre and mainline railway station
- Tenure Freehold Terms Legal Pack To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa
- The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details)
- You will then be directed to create an auction passport account with our online-bidding platform provider Essential Information Group
- Investment Opportunity
Description
This is an investment opportunity featuring two modern maisonettes in a converted mid-terrace property in Stevenage, located near the town centre and mainline railway station. The property is currently tenanted, generating a net rental income of £2900 per month, and can be sold either vacant or with a guaranteed rent contract. The guide price is £380,000 plus fees, offering a 9% yield. The property is freehold, and the buyer will need to pay a 10% deposit and a buyers administration fee of £1200 plus VAT upon the fall of the hammer. The auction is unconditional, and contracts will be exchanged 28 days following the auction. Registration is now open, and bidding will open on April 30, 2025, at 9:00 am and close at 10:08 am.