2-bedroom flat · SG2 0BP
For saleListed 31 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Well maintained two double bedroom, top floor flat with en suite, situated in the sought after "Ridgemond Park" development in the heart of highly regarded "Chells" area.
Offering a fabulous outlook over woodland & open playing fields, the property is offered for sale with immediate vacant possession and a long lease with no ground rent.
The accommodation briefly comprises of a communal entrance with security entryphone system, private entrance hall, a 22' dual aspect lounge/diner with Juliet balcony, refitted kitchen with integrated appliances, master bedroom with built in wardrobe and en suite, further double bedroom with built in wardrobe, bathroom/wc.
The communal gardens are well maintained, there is a private allocated parking space and additional visitors spaces. For further information or to arrange your viewing, please call us on .
Communal Entrance Hall - Double glazed communal entrance door, security entryphone system, stairs to all floors.
Private Entrance Hall - Entrance door, storage cupboard, radiator, wood effect flooring, smoke detector, doors to: Dual Aspect Lounge/Diner - 6.83m x 3.38m (22'5 x 11'1) - Overlooking woodland and open space, double glazed window to rear and doors to front opening to a Juliet balcony, two radiators, luxury vinyl wood effect flooring, inset spotlights, security entryphone system, central heating controls, media points.
Kitchen - 2.77m x 2.16m (9'1 x 7'1) - A range of wall and base units, complimentary work surfaces and tiled splash backs, sink/drainer with mixer tap, inset stainless steel hob with oven and microwave under, extractor over and stainless steel splash back, integrated fridge/freezer and washing machine, wood effect flooring, inset spotlights, double glazed window to rear.
Master Bedroom - 3.38m x 2.62m (11'1 x 8'7) - Double glazed window to front,, radiator, built in wardrobe, door to: En-Suite - Comprising of tiled shower cubicle, wash hand basin with mixer tap, concealed cistern wc, complimentary wall and floor tiling, chrome effect heated towel rail, extractor fan, frosted double glazed window to front.
Bedroom Two - 3.38m x 2.62m (11'1 x 8'7) - Double glazed window to front, radiator, built in wardrobe.
Bathroom/Wc - Comprising of panel enclosed bath with mixer tap, wash hand basin with mixer tap, concealed cistern wc, complimentary wall and floor tiling, chrome effect heated towel rail, extractor fan, inset spotlights, storage cupboard, frosted double glazed window to front.
Communal Gardens - Mainly laid to lawn, flower and shrub beds, bushes and evergreens, communal bin stores. Parking - Private allocated space and further visitor parking.
Leasehold Information - Lease Length: 979 years remaining Annual Ground Rent: £0 Annual Service Charge: £1,701.24 approximately Annual Road Maintenance Charge: £59.24
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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
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FAQ
About Priestley Road, Stevenage
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