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4 bedroom Terraced House for sale: Albert Street, Stevenage, Hertfordshire, SG1


  • bedrooms 4
  • bathrooms 3
Reference: 35602_31453340

Key Features

  • Investment Opportunity -
  • Four Room, Fully Occupied
  • HMO providing income of £27,480 pa, yield of 4.8%
  • Potential to create 5th room
  • Located heart of Old Town
  • Upgraded electrics
  • Southerly facing rear garden
  • Off-rod parking for one vehicle

Description

Representing an excellent investment opportunity, a four room, fully occupied, HMO providing an annual income of £27,480 representing a yield of 5.8%, while situated in the heart of the Old Town just a stone's throw from the historic High Street and within walking distance of the New Town Centre and mainline railway station with fast direct trains to Kings Cross in approximately 23 minutes.

The property features upgraded electrics and central heating with the added security of a fire alarm system. There is parking for one vehicle to the front of the property and a private enclosed southerly facing rear garden. There is further potential to create a fifth room on the first floor which would increase the annual income but by doing so would mean there would be a requirement for a full HMO Licence (subject to application).

In full, the accommodation comprises a communal reception hallway, downstairs wc, communal kitchen, ground floor double room with built-in wardrobes and en-suite shower, further ground floor studio which combines both the bedroom area with the kitchenette, en-suite shower and a sitting area with french doors opening to the rear garden. The first floor communal landing provides access to a modern fitted bathroom with two further rooms, both with built-in wardrobes and shelving with the potential to create a fifth room.

Viewings strictly by appointment only.

Location - Stevenage comprises of both the New and Old Towns. The Historic High Street in the Old Town offers a good selection of shops, cafs/restaurants and public houses. The New Town provides a large pedestrianised shopping centre and retail parks together with the Gordon Craig Theatre, David Lloyd Health Club, Fairlands Valley Park and lakes, the Leisure Park with its restaurants, bars and night club, bowling alley and 16-screen Cineworld complex. Stevenage mainline railway station offers a fast and frequent rail service into London Kings Cross (23 mins) and the St Pancras International rail link to Europe. Both Luton and Stansted Airports are approximately 20 miles away.

The Accommodation Comprises - Double glazed front door to:

Communal Reception Hallway - Wooden effect flooring, radiator, staircase rising to the first floor, meter cupboard and doors to:

Downstairs Cloakroom / Wc - Serving Rooms 1 and 2. Fitted with a low level wc and wall mounted hand wash basin with cupboard below and tiled splashbacks.

Room One - 3.02 x 2.17 + 4.14 x 3.02 (9'11" x 7'1" +13'7" x 9'11") - Currently let for £630.00 per calendar month comprising a bedroom area, kitchenette, shower room and a lounge area overlooking the rear garden. The bedroom area features built-in wardrobes and double glazed window to the front elevation. Opening through to a kitchenette area with work surface and a shower room opposite with a fitted shower cubicle with a seating area beyond. Double glazed french doors opening to the rear garden.

Room Two - 4.06 x 2.63 (13'4" x 8'8") - Currently let for £580 per calendar month. Measurements include a range of built-in wardrobes across the full width of the room and a dressing table, an en-suite shower room with a fitted shower cubicle and wall mounted hand wash basin.

Communal Kitchen - 4.05 x 3.03 (13'3" x 9'11") - Fitted with a range of white gloss units with black granite effect work surfaces with an inset stainless steel sink unit, integrated oven, hob and extractor fan, freestanding fridge/freezer and washing machine, tiled floor and splashbacks, downlighters, radiator, double glazed window to the rear elevation. Door to a courtyard lobby with a useful storage cupboard and gated access to the front of the property. Double glazed doors to the rear garden.

First Floor Landing - Double glazed window to the front elevation, airing cupboard housing gas fired boiler. Doors to:

Bathroom - 3.04 x 1.60 (10'0" x 5'3") - Serving Rooms 3 and 4. Fitted with a modern suite comprising a low level wc, wall mounted hand wash basin and shower cubicle with fitted shower and a tiled panelled bath, white tiled surrounds and tiled flooring, chrome towel radiator and double glazed window to the rear elevation.

Room Three - 4.13 x 3.02 (13'7" x 9'11") - Currently let for £550 per calendar month. Measurements include a range of built-in wardrobes, radiator and double glazed window to the front elevation.

Room Four - 3.04 x 3.02 + door recess (10'0" x 9'11" +door recess) - Currently let for £530 per calendar month. Built-in storage shelving, cupboards and drawers with further built-in wardrobes with cupboards above the bed recess, wooden effect flooring, radiator and double glazed window to the rear elevation.

Potential Room Five - 3.04 x 3.02 (10'0" x 9'11") - Potential to create a fifth room or could be adapted to provide additional living accommodation for the first floor rooms.

Outside -

Front - The property is set back from the road behind a small garden with pathway extending to the front door and driveway providing off-road parking for one vehicle. Part covered side gated access to the rear garden.

Rear Garden - Enjoying a southerly private sunny aspect with paved terrace, wooden pergola and lawn beyond enclosed by brick retaining walls and wooden panelled fencing. Part covered gated access to the front.

Tenure, Council Tax And Epc - The Tenure of this property is FREEHOLD.
The Council Tax Band is C. The amount payable for the year 2022-23 is £1758.11.
The EPC Rating is E.

Viewing Information - Viewing is strictly by appointment only through Putterills of Hertfordshire, through whom all negotiations should be conducted.

Disclaimer - Putterills endeavour to maintain accurate depictions of properties in virtual tours, floor plans and descriptions, however, these are intended only as a guide and intended purchasers must satisfy themselves by personal inspection.
MONEY LAUNDERING REGULATIONS: Prior to a sale being agreed, prospective purchasers will be required to produce identification documents. Your co-operation with this, in order to comply with Money Laundering regulations, will be appreciated and assist with the smooth progression of the sale.
FIXTURES & FITTINGS: All items in the written text of these particulars are included in the sale. All others are expressly excluded regardless of inclusion in any photographs. Purchasers must satisfy themselves that any equipment included in the sale of the property is in satisfactory order.

Stay Connected - Web: www.putterills.co.uk
Twitter @ PutterillsEA
Facebook - Putterills Stevenage
Instagram - Putterills Stevenage

Need A Mortgage? - Talk to our Independent Adviser who will pleased to discuss options with you.
Mr Adrian Murphy, Independent Mortgage Advice Bureau, 61 High Street, Old Town, Stevenage SG1 3AQ
T: 01438 360040. E: adrian.murphy@imab.net

All measurements are approximate and for general guidance only and whilst every attempt has been made to ensure accuracy, they must not be relied on or form any part of a legal contract. The fixtures, fittings and appliances referred to have not been tested and therefore no guarantee can be given and that they are in working order. Internal photographs are reproduced for general information and it must not be inferred that any item shown is included with the property. Prior to a sale being agreed, prospective purchasers will be required to produce identification documents. Your co-operation with this, in order to comply with Money Laundering regulations, will be appreciated and assist with the smooth progression of the sale.

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Reference: 35602_31453340

Contact Agent

Putterills

61 High Street , Stevenage, Hertfordshire, SG1 3AQ
Tel: 01438 316846