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8 The Towers, Southgate, Stevenage, SG1 1HE

East of England

£50,000

Listed on 12/06/2026

Property Details

Bedrooms
2
Type
Flat

Description

This leasehold second-floor flat presents a prime opportunity for renovation and investment, situated conveniently in close proximity to Stevenage Town Centre and local transport links, including the nearby Stevenage Train Station. The property is part of a purpose-built block and features: an entrance hall, a living room combined with kitchen space, two bedrooms, and a shower room with WC. The flat currently requires modernisation to unlock its full potential, making it an appealing project for those looking to enhance its value. With approximately 82 years remaining on the lease from October 1998, this property offers both residential convenience and investment viability in the East of England. Vacant possession allows for immediate refurbishment plans to be put into action.

Investment Analysis

(SG1 area)
Area Average
£382/sq ft
Avg Rent (weekly)
£321
Avg Yield
4.7%

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
31
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (SG1)

Area prices are stable by -1.2% over the last 12 months
3 year growth: +2.6%
5 year growth: +14.6%
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, SG1 1HE
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£189
Based on a loan of £37,500 over 30 years at 4.45% 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.

Stamp Duty Calculator

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