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See how verdicts workStudio flat · SG1 2AJ
No longer listedListed 262 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautiful, very well presented and modernised studio apartment situated in a convenient location in close proximity to the Old town and mainline station. Recently updated lease, A turn key property!
Ideal first time purchase!!!!! BATHROOM: Fully modernised bathroom: * Mira 10KWh Double Electric Shower. * Electric underfloor heating with touchscreen thermostats.
* Porcelain tiles & real stones in shower bay. * Floating sink unit. * New plumbing pipes from stopcock to through the flat. * Intelligent extraction fan - Humidity sensors.
* Heated mirror with light - motion sensored * Hidden stop-cock behind tile pannels. * Heated towel rail.
KITCHEN: Fully fitted modern integrated kitchen: * All white goods included: AEG Washer/Dryer, Hotpoint Dishwasher, AEG Induction hob with wireless integrated AEG hood, AEG Fridge & Freezer, AEG steam fan oven, AEG Microwave & grill.
* Under sink water heater - 15L * Porcelain tile flooring. * Electric underfloor heating with touchscreen thermostats. * Brita 3 way filtered water tap. * Water softener.
* All kill switches are hidden in the top cupboard. Quartz natual stone worktops. Granite sink. LIVING ROOM: Modernised in Jan 2024: * AC5 double insulated laminate flooring.
* Fireproof oak front door. * Custom routed skirting into architraves. * All walls and ceilings skimmed. * Smoke alarm (Feb 2024).
* Air-conditioning (Cold and heating) with Anti-bacterial air purifier. GENERAL: * New Double-glazing windows - Fitted 2024 with 9-year warranty remaining. * ALL sockets replaced throughout the flat.
* EICR Report inspection - December 2023, valid until December 2033. * RDC Consumer unit changed in 2017. * LED Lights throughout the flat. * Water Softener - 25KG salt included (over a year supply).
* Hot water is WiFi controlled by App for a 15L tank undersink. This feeds basins only. All appliances and shower are cold feed and heat on demand.
* Broadband: Virgin Media and all BT (ADSL) lines supported. COSTS DOCUMENTED BY VENDOR Service charge: £65 per month, paid monthly by standing order.
Ground rent: £75 every 6 months, paid by standing order in June & December. Lease expires on 24th June 2137 (112 years).
Electric: Around £95 per month, which runs Aquarium, TV, Working from home, all utilities (heating and air con) & underfloor heating in Kitchen and Bathroom.
VENDORS NOTES SECTION 20 NOTICE: All flats in Prestatyn Close had a section 20 notice issued in 2024.
This was to replace the fireproofing on all flat front doors, locks, communal hall doors and electrical riser cupboards.
This flat (50 Prestatyn Close) was the only compliant front door flat due to the upgrades that have been implemented in early 2024.
The price was £1000 per flat, but 50 Prestatyn close was reduced to £300. This bill has been paid in full. Works commence on the street between August 2025 - December 2025.
Value & comps
No previous sales on record.
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 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 Prestatyn Close, Stevenage, Hertfordshire, SG1
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