1-bed apartment for sale, 45 m²

Stevenage

1 bedroom

155.888 €

3.464 €/m²

Listed Sep 24, 2026

About this listing

This One Bedroom apartment is located on the first floor of a small modern block, which in turn forms part of a development of houses built in 1986, running adjacent to a popular park in one of Letchworth's more desirable areas. The current tenant has kept the property in good decorative order throughout and features include a fully fitted kitchen, good size lounge and modern bathroom. There is also an allocated parking space at the front with visitors parking at the rear. The service charge is £1,300 per annum and the Ground Rent £100. The current rental income is £9,600, which based on the asking price of £130,000, would provide a gross yield of 7.5% with potential to increase to at least £10,800 per year in line with market rents, which would then increase the yield to over 8%.The selling price is considerably under market value with 1 bedroom flats in the area selling on average at around£170,000. The current landlord would consider offers too, based on a swift, cash transaction.

What's included

Parking

Location

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Listed on

Rightmove

155.888 €