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Land for sale
Stevenage, SG2
£400,000
Stevenage, SG2
£400,000
Our Summary
- SUB-DIVISION / CONVERSION PROJECT: SPLIT AN EXISTING HOUSE, TO CREATE 4 DISTINCT SEPARATE PROPERTIES
- FULL PLANNING PERMISSION APPROVAL GRANTED BY STEVENAGE BOROUGH COUNCIL
Description
This property is a sub-division and conversion project that offers a unique opportunity to split an existing house into four distinct separate properties. The project is expected to generate a gross profit of £200,000, with a gross profit margin of 22.5%, and a combined monthly rent of £4,700, translating to an annual rent of £56,400 and a rental yield of 9.4%. The property is considered a low-risk investment, with solid financials and a guide price of £400,000-£450,000, with a gross development value of £890,000.