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8 The Towers, Southgate, Stevenage, Hertfordshire, SG1 1HE - Image 1

8 The Towers, Southgate, Stevenage, Hertfordshire, SG1 1HE

East of England

£50,000
Listed on 02/04/2026

Property Details

Bedrooms
1
Type
Flat

Description

This vacant one-bedroom flat, located on the second floor of a purpose-built block with twelve upper floors, presents an opportunity for investment through refurbishment. The property is leasehold with approximately 82 years remaining on the lease, making it suitable for both homebuyers and investors looking to add value through renovations. Situated in a residential area near local shops and amenities, it also boasts proximity to Hampson Park and convenient transport links via Stevenage rail station. This flat requires a comprehensive refurbishment program to modernize the space and enhance its appeal.

Investment Analysis

(SG1 area)
Area Average
£377/sq ft
Avg Rent (weekly)
£308
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (SG1)

Area prices are falling by -2.6% over the last 12 months
3 year growth: +4.3%
5 year growth: +15.5%
Investment Disclaimer: Analysis based on SG1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

8 The Towers, Southgate, Stevenage, Hertfordshire, SG1 1HE
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£177
Based on a loan of £37,500 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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