Summary - 21 PENN ROAD, STEVENAGE SG1 1HY
2 bed 1 bath Flat
Refurbished two-bedroom flat, chain free and walking distance to Stevenage town and station..
Chain free two-bedroom flat, freshly renovated and ready to occupy
Walking distance to Stevenage town, station and bus links to London
Average rental income ~£1,150–£1,200 pcm (investment potential)
Compact layout ~595 sq ft; best for small households or investors
Service charge c. £1,200 pa and ground rent £10 pa to budget for
Lease remaining approximately 92 years (leasehold tenure)
Local area classified as very deprived with higher-than-average crime
No private garden or garage; communal outdoor space and outside store
This chain-free two-bedroom flat on Penn Road offers an affordable entry into Stevenage, freshly renovated and ready to move into. The apartment’s layout includes two double bedrooms, a living room with a small balcony and outside storage — features that appeal to first-time buyers and buy-to-let investors seeking immediate rental potential. Average local rental income is around £1,150–£1,200 pcm, supporting investment viability.
Practical running costs are straightforward: mains gas central heating with boiler and radiators, double glazing, a remaining lease of c.92 years and modest ground rent (£10 pa). Service charges are approximately £1,200 per year — an important ongoing cost to budget for. The property is compact at about 595 sq ft, so it will suit buyers looking for manageable, low-maintenance accommodation rather than generous living space.
Location is a major convenience: a short walk to Stevenage town centre, bus and train stations with fast links into London. However, the local area is classified as very deprived with higher crime levels than average; buyers should consider personal safety and resale prospects in this context. The building is a mid-20th-century purpose-built block with communal grounds and no private garden or garage.
Overall this flat is a practical, low-entry purchase for someone wanting a ready-to-rent or first home near transport and shops. It delivers immediate usability after renovation but requires realistic expectations about size, local area challenges and annual service charges.
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