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Wellgreen Lane, Kingston

South East

£399,950

Listed on 27/03/2024

Property Details

Bedrooms
3
Type
Semi Detached
Area
947 sqft

Description

This semi-detached house presents a practical opportunity in the heart of Kingston, ideal for investors or buyers looking to put their stamp on a property. While the home requires modernisation, it boasts significant potential for enhancement, including the possibility of extending by replacing the existing side outbuilding (subject to planning permission). The accommodation comprises three bedrooms—two doubles and one single—along with a bathroom on the first floor. The ground level features an entrance hall leading to a spacious double sitting room and a fitted kitchen. Outdoor amenities include parking with an attached garage, a front garden, and a generous south-facing rear garden that is perfect for family activities or further development. With gas central heating and double-glazed windows already installed, the fundamental infrastructure is sound. Positioned conveniently near local schools and amenities, this property also offers easy access to scenic walks along the South Downs, making it an attractive option for families or those seeking a peaceful lifestyle with urban conveniences nearby.

Investment Analysis

(BN7 area)

Below Market Value

This property is priced -18.9% below area average per sq ft

-18.9%
Potential saving
This Property
£422/sq ft
Area Average
£521/sq ft
Avg Rent (weekly)
£346
Avg Yield
3.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£542,517
10% above area average per sq ft
Potential ROI
+26.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (BN7)

Area prices are falling by -7.6% over the last 12 months
3 year growth: -5.6%
5 year growth: -0.8%
Investment Disclaimer: Analysis based on BN7 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

Wellgreen Lane, Kingston
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,427
Based on a loan of £299,962 over 30 years at 3.97% 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

Price History

-27.3% since listed
£399,950£50,050(-11.1%)
11/01/2026
Current price
£450,000£49,950(-10.0%)
19/06/2025
£499,950£15,050(-2.9%)
13/02/2025
£515,000£34,950(-6.4%)
29/08/2024
£549,950Initial listing
27/03/2024

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