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Gladstone Road, Ware

East of England

£385,000
Listed on 01/08/2024

Property Details

Bedrooms
2
Type
Semi-detached house
Area
793 sqft

Description

This charming two-bedroom end-of-terrace cottage presents a unique opportunity for renovation and investment in a desirable location just 0.4 miles from the heart of Ware. The property features two spacious double bedrooms, making it ideal for a small family or as a rental unit. Upon entering, you’ll find a welcoming sitting room that offers potential for reconfiguration and modernization, leading to a dining room perfect for hosting gatherings. The kitchen has ample space for renovation, allowing you to create an open-plan layout that suits contemporary living trends. Adjoining the kitchen is a lean-to, which could be transformed into additional storage or utility space. Upstairs, both bedrooms offer generous dimensions and original character elements that can be retained or enhanced during renovations. The bathroom, while functional, also presents an opportunity for updates to create a more modern appeal. Externally, the property boasts an unoverlooked rear garden with gated side access—an ideal low-maintenance outdoor space that could easily be landscaped to suit personal tastes or potentially expanded upon if planning permits. This home requires modernisation but holds substantial potential for value enhancement through thoughtful updates and renovations. Its proximity to local amenities and transport links further increases its appeal as an investment opportunity or future family home.

Investment Analysis

(SG12 area)

Above Market Value

This property is priced +1.8% above area average per sq ft

+1.8%
This Property
£485/sq ft
Area Average
£477/sq ft
Avg Rent (weekly)
£378
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£415,913
10% above area average per sq ft
Potential ROI
+0.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (SG12)

Area prices are stable by +0.6% over the last 12 months
3 year growth: 4.0%
5 year growth: 4.5%
Investment Disclaimer: Analysis based on SG12 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

Gladstone Road, Ware
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,410
Based on a loan of £288,750 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE