Stevenage, SG2 8LU

GUIDE PRICE £400,000-£450,000..... GDV £890,000, GROSS PROFIT £200,000, GROSS PROFIT MARGIN 22.5%, GROSS [COMBINED] MONTHLY RENT £4,700, GROSS [COMBINED] ANNUAL RENT £56,400, GROSS [COMBINED] RENTAL YIELD 9.4%..... SUB-DIVISION / CONVERSION PROJECT: SPLIT AN EXISTING HOUSE, TO CREATE 4 DISTINCT SEPARATE PROPERTIES...... 2 x 1 BED GROUND FLOOR 'GARDEN FLATS' (41.6m2 / 38.8m2) AND 2 x 1 BED FIRST FLOOR FLATS (37.2m2 EACH)..... SOLID FINANCIALS WITH LOW RISK

Key [Anticipated] Financial Figures: £890,000 GDV / [Combined] Value Once Completed: £250,000 x 2 and £195,000 x 2 Gross Profit £200,000 Gross Profit Margin 22.5% Gross [Combined] Monthly Rent £4,700 Gross [Combined] Annual Rent £56,400 Gross [Combined] Rental Yield 9.4% Strong both Sales and Lettings Return on Investment

Other Important Financial Information: CIL Fee £8,300 No Restrictive Covenant Fee No Section 106 Fee Section 184 Fee Agreed No Demolition Pre-Works No Build Over Agreement Required Party Wall Agreement Required Only One Side

Proposed Scheme Details: 2 x 1 [Double] Bed Ground Floor 'Garden Flats', 41.6m2 / 38.8m2 2 x 1 [Double] Bed First Floor Flats, 37.2m2 each All 'Virtual Freehold' with 999 Year Lease Terms Leasehold with 1/4 Share of the Freehold Only Communal Area Small Internal Entrance Hall Area No Monthly Service Charges No Ground Rents

Proposed Internal Details - 2 x 1 Bed Ground Floor 'Garden Flats': Communal External Main Entrance Door with Own Internal Front Door Ground Floors: Lounge-Kitchen-Diners, Double Bedrooms, Bathrooms

Proposed External Details - 2 x 1 Bed Ground Floor 'Garden Flats':

Bi-Fold / Concertina Doors to Rear Gardens Private Enclosed Rear Gardens, 43.6m2 / 47.6m2 with Patio Areas and Turfed Lawns Paved Footpath to Back Access Back Access to Rear Gardens with Lockable Gate 1 Side-By-Side Parking Space Each

Proposed Internal Details - 2 x 1 Bed First Floor Flats: Communal External Main Entrance Door with Own Internal Front Door First Floors: Lounge-Kitchen-Diners, Double Bedrooms, Bathrooms

Location: SG2, Stevenage - Longmeadow 'B' 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) 30 Minutes Walk to the Town Centre (and Train Station)

Pub-Restaurant, Cafe, Takeaways, and Convenience Store with Sub Post Office 'Around the Corner' Shephalbury Park Bus Stops: Half Hourly To / From Stevenage Town Centre (and Train Station)

Envisaged Exit Strategy: Rare Availability Anticipated Quick Re-Sale / Easy Re-Finance and Let Ground Floor 'Garden Flats' of Particular Appeal to: Retirees, Down-Sizers, Single Occupants, Pet Owners, Disabled Access Required First Floor Flats of Particular Appeal to: First Time Buyers, Young Couples; Single Occupants, Commuters, Tenants Plentiful Sales / Lettings Comparables Available for the 4 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