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West Reach, Stevenage

East of England

£325,000
Listed on 16/01/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
968 sqft

Description

This three-bedroom home, located on a sizable corner plot at the end of a quiet cul-de-sac in the Shephall area of Stevenage, presents a noteworthy opportunity for renovation and investment. While the property is being sold chain-free and is suited for cash buyers only, its potential becomes evident when considering both its spacious interior and expansive outdoor space. Internally, the residence includes three generous double bedrooms, providing ample living space that can be reimagined to suit various needs. The layout features a living room and a separate dining room alongside a fitted kitchen and breakfast room, offering versatility for modern living. Although some cosmetic updates are needed throughout, the well-proportioned rooms provide a solid foundation for personalization. Additional practical features include an outer lobby area with a WC and two storage spaces, which could enhance utility. Outdoors, the property boasts a sizeable front yard that holds potential for off-road parking, while the large rear garden offers privacy and opportunities for landscaping or expansion (subject to planning permissions). With its favorable location in a family-friendly neighborhood and potential for future development or resale value increase, this home is well-positioned for those looking to invest in property with room to grow.

Investment Analysis

(SG2 area)

Below Market Value

This property is priced -15.2% below area average per sq ft

-15.2%
Potential saving
This Property
£336/sq ft
Area Average
£396/sq ft
Avg Rent (weekly)
£376
Avg Yield
4.9%

Renovation Potential

Est. Renovation Cost
£32,500 - £81,250
10-25% of property value
Target Value
£421,608
10% above area average per sq ft
Potential ROI
+3.8%
After renovation
Monthly Sales
33
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (SG2)

Area prices are rising by +6.8% over the last 12 months
3 year growth: 5.7%
5 year growth: 22.5%
Investment Disclaimer: Analysis based on SG2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

West Reach, Stevenage
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