Summary - 45, Fishers Green Road SG1 2PL
1 bed 1 bath Studio
First-floor studio with modern kitchen and shower room
This first-floor studio in Stevenage Old Town offers a compact, well-presented home or a strong buy-to-let. The open-plan living/bedroom connects to a fitted modern kitchen and a contemporary shower room; heating is by gas combi boiler and double glazing is fitted. Internally the flat is in good condition and provides straightforward, low-maintenance accommodation for single occupation or rental.
Location is a clear asset: immediate access to Old Town amenities, short walk to Lister Hospital and good transport links. At an asking price of £95,000 with an achievable rent of about £850 pcm, the advertised yield sits at roughly 10% for cash purchasers — attractive for investors seeking immediate income.
There are material leasehold costs and tenure considerations to note. The flat is sold to cash buyers only, sits on a 125-year lease with 112 years remaining, has ground rent of £200pa and a maintenance/service charge averaging £1,800pa. The property has limited private outdoor space and modest internal footprint, which suits single occupants or rental portfolios rather than households needing more room.
Overall this is a practical, well-located studio with strong rental potential and low local risk (no flood risk, low crime). It will appeal to investors prioritising yield and to buyers wanting a convenient, city-centre pied-à-terre — provided they accept leasehold costs and cash-only purchase terms.
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