Stevenage, SG1

GUIDE PRICE £400,000-£450,000..... GDV £800,000, GROSS PROFIT £200,000, GROSS PROFIT MARGIN 25%, GROSS [COMBINED] MONTHLY RENT £4,250, GROSS [COMBINED] ANNUAL RENT £51,000, GROSS [COMBINED] RENTAL YIELD 8.5%..... SUB-DIVISION / CONVERSION PROJECT: SPLIT AN EXISTING HOUSE, TO CREATE 3 DISTINCT SEPARATE PROPERTIES...... 1 x 1 BED GROUND FLOOR 'GARDEN MAISONETTE' (42.5m2) AND 2 x 2 BED TRIPLEX CLUSTER HOUSES (48.3m2 EACH)..... SOLID FINANCIALS WITH LOW RISK

Key [Anticipated] Financial Figures:

£800,000 GDV / [Combined] Value Once Completed: £250,000 x 1 and £275,000 x 2
Gross Profit £200,000
Gross Profit Margin 25%
Gross [Combined] Monthly Rent £4,250
Gross [Combined] Annual Rent £51,000
Gross [Combined] Rental Yield 8.5%
Strong both Sales and Lettings Return on Investment

Other Important Financial Information:

CIL Fee £2,100
No Restrictive Covenant Fee
No Section 106 Fee
No Section 184 Fee
Minor Demolition Pre-Works
No Build Over Agreement Required
Party Wall Agreement Required Only One Side

Proposed Scheme Details:

1 x 1 [Double] Bed Ground Floor 'Garden Maisonette', 42.5m2
2 x 2 [Double] Bed Triplex Cluster Houses, 48.3m2 each
All 'Virtual Freehold' with 999 Year Lease Terms
Leasehold with 1/3 Share of the Freehold
No Internal Communal Areas
No Monthly Service Charges
No Ground Rents

Proposed Internal & External Details - 1 x 1 Bed Ground Floor 'Garden Maisonette'

Own Private Entrance / 'Front' Door
Ground Floor: Entrance Hall, Lounge-Diner and Kitchen, Double Bedroom, Bathroom
Bi-Fold / Concertina Doors to Rear Garden
Private Enclosed Rear Garden, 39m2 Size with Patio Area and Turfed Lawn
Rear Garden Not Overlooked by the Triplex Cluster Houses

Proposed Internal & External Details - 2 x 2 Bed Triplex Cluster Houses:

Own Private Entrances / 'Front' Doors
Ground Floors: Lounge-Diners and Kitchens
First Floors: Double Bedrooms No.s 1, Bathrooms
Second Floors (Lofts): Bedrooms No.s 2 with potential for En-Suites or Shower Cubicles
1 Side-By-Side Parking Space Each

Location:

SG1, Stevenage - The Old Town Area
Highly Desirable Area / Much Sought After Location
Nicely Positioned in the Street
Lovely Neighbours
Good Transport Links

Local Amenities:

5 Minutes Drive to the Town Centre (and Train Station) / The High Street
10 Minutes Walk to the Town Centre (and Train Station) / The High Street
Convenience Store and Takeaways Close By
King George's Park
Bus Stops: Hourly To / From Stevenage Town Centre (and Train Station) / The High Street

Envisaged Exit Strategy:

Rare Availability
Anticipated Quick Re-Sale / Easy Re-Finance and Let
Ground Floor 'Garden Maisonette' of Particular Appeal to: Retirees, Down-Sizers, Single Occupants, Pet Owners, Disabled Access Required
Triplex Cluster Houses of Particular Appeal to: First Time Buyers, Young Couples; Single Occupants, Commuters, Tenants
Plentiful Sales / Lettings Comparables Available for the 3 Proposed Units (Two Different Property Styles), Proving the Anticipated GDV

General Summary:

Unique Scheme, Ingeniously Designed
Straightforward & Uncomplicated Build
No Hidden Fees or Charges
Simple and Achievable Exit Strategy Options
Worthwhile Investment Financially: Solid Financials with Low Risk

Agent's Notes:

1.
All information in this listing relating to this property contained has been supplied to us by the Vendor;

2.
The Vendor - an expert in obtaining Planning Gain - is Open, Honest, and Helpful;

3.
Standard Sale / Purchase only, the Vendor will not entertain any Joint Venture / Lease Option offers;

Further Information / Contact:

Please call Alan Hilditch, Director, at Satchells (Baldock Office) to discuss or request further information