Land for sale

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Land for sale

Stevenage, SG2
£400,000

Our Summary

  • SUB-DIVISION / CONVERSION PROJECT: SPLIT AN EXISTING HOUSE, TO CREATE 4 DISTINCT SEPARATE PROPERTIES

Description

This sub-division and conversion project presents an attractive investment opportunity, with a guide price of £400,000-£450,000 and a gross development value of £890,000. The property has the potential to generate significant gross profit, with a margin of 22.5%, and annual rental income of £56,400, providing a rental yield of 9.4%. The project involves splitting an existing house into four distinct separate properties, comprising two 1-bedroom ground floor "garden flats" and two 1-bedroom first floor flats, offering solid financials with low risk.
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