1-bedroom flat · SG1 1HE
Listing removedListed 99 daysAuction 5 Oct · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by Under the Hammer online auction on Wednesday 16th September 2026. Head over to our website to download the legal pack, register to bid and see more information.
A Vacant Leasehold 1 Bedroom Second Floor Flat offering an excellent opportunity for investors, first-time buyers, or owner-occupiers.
Requiring cosmetic refurbishment and modernisation throughout, the property presents an ideal opportunity to add value and create a well-presented home in a convenient location.
The accommodation briefly comprises an entrance hallway, an open-plan kitchen/lounge, one well-proportioned bedroom, a utility room, and a shower room.
The property would benefit from a programme of cosmetic improvement throughout, providing purchasers with the opportunity to modernise and enhance the accommodation to suit their own requirements.
We have been advised of the following lease information (please refer to the legal pack): Lease length: from 5 October 1998 to 30 May 2108 (approximately 82 years unexpired) The property is situated within The Towers development in the popular Southgate area of Stevenage, conveniently located within easy reach of Stevenage town centre, offering an excellent range of shops, restaurants, leisure facilities, and everyday amenities.
Stevenage railway station is within close proximity, providing fast and direct services to London King's Cross and Cambridge, while the A1(M) is easily accessible, making this an ideal location for commuters.
Here's what to do next Visit - Our website and view the auction terms. View - Book a viewing directly through our website. Register - Get registered prior to the auction opening date.
Legal Pack - Download and view the legal pack to find out all the relevant information. Prior Auction Offer - Want it now? Submit a prior auction offer through our website.
All offer's go direct to the seller. Bidding - Everything is completed online through the website and the intuitive bidding controls.
If you would like your property to go into our next auction then contact our auction experts on or submit a valuation on our website
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 8 The Towers Southgate, Stevenage, SG1 1HE
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