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Poppy Mead, Stevenage SG1 3 bed maisonette for sale

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Poppy Mead, Stevenage SG1 3 bed maisonette for sale

Poppy Mead, Stevenage SG1
£380,000

Our Summary

  • Guide Price £380,000 Plus FeesFor sale by unconditional online auction, registration is now open
  • For sale by online auction on 30 April 2025Investment OpportunityConverted Semi Detached Currently 2 x MaisonettesNet Rental Income £2900 pcmCan Be Sold Tenanted or Vacant Off Street Parking - 2 VehiclesQuiet Cul-De-Sac Location* Empty or tenanted opportunity * Offering an 9% yield at guide price, this is an outstanding investment opportunity featuring two, well appointed, modern maisonettes in a converted, semi detached property with off street parking for 2 vehicles, perfectly situated in the a quiet cul-de-sac, just a short walk from the picturesque Fairlands Valley Lakes
  • TenureFreehold TermsLegal PackTo 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 to purchase a converted semi-detached property with two well-appointed maisonettes, currently tenanted, in a quiet cul-de-sac location. The property offers a net rental income of £2,900 per month, generating a 9% yield at the guide price of £380,000. The maisonettes are one and two-bed properties, with off-street parking for two vehicles. The property can be sold either vacant or with a guaranteed rent contract, providing flexibility for buyers. The sale is being conducted through an unconditional online auction, with registration now open and bidding opening on April 30, 2025. A buyer's administration fee of £1,200 plus VAT will apply, and contracts will be exchanged 28 days following the auction.