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Elder Way, Stevenage SG1 3 bed maisonette for sale

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Elder Way, Stevenage SG1 3 bed maisonette for sale

Elder Way, 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 Mid TerraceCurrently 2 x MaisonettesNet Rental Income £2900 pcmCan 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
  • 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 investment opportunity is a converted mid-terrace property in Stevenage, comprising two modern maisonettes, each with one and two bedrooms. The property is currently tenanted, generating a net rental income of £2,900 per month, offering a 9% yield at the guide price of £380,000. The property can be sold either vacant or with a guaranteed rent contract, providing flexibility for buyers. The property is well-located, close to local amenities and the town center, with the mainline railway station nearby. The sale is unconditional, with a 10% deposit required upon the fall of the hammer, and a buyer's administration fee of £1,200 plus VAT. The property is being sold freehold, with a legal pack available to review, and the buyer is legally bound to purchase and the vendor to sell once contracts are exchanged.