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Stanstead Road, Hoddesdon

London

£500,000
Listed on 01/03/2025

Property Details

Bedrooms
3
Type
Detached house
Area
952 sqft

Description

This three-bedroom detached bungalow presents a rare opportunity for those seeking a renovation project or investment property. Located in a desirable residential area of Hoddesdon, the home has been in the same family for over 60 years and is now ready for its next chapter. While the property requires complete refurbishment, it sits on a generous plot that offers significant potential for expansion, subject to obtaining the necessary planning permissions. The bungalow features a traditional layout, including a spacious lounge with an open fireplace and windows that allow natural light to flow throughout. Each of the three bedrooms offers ample space, with one showcasing a charming feature fireplace. The newly fitted bathroom adds convenience amidst the refurbishment needs. The kitchen provides an opportunity to create an inviting culinary space, complete with a Butler-style sink and worktops. Situated close to local amenities, residents will find shops, cafes, restaurants, and supermarkets within easy reach. Commuters will appreciate the nearby Rye House Station, which provides direct services to London Liverpool Street, as well as quick access to both the A10 and M25 motorways. Families are also well-catered for with reputable schools in proximity and attractive green spaces like Barclay Park and the River Lea towpath available for outdoor activities. Given its location and potential for renovation and extension, this property represents an excellent investment prospect in a vibrant community. With no upward chain complicating matters, this is an opportunity that should not be overlooked by those looking to create their ideal home or capitalize on the area's growth.

Investment Analysis

(EN11 area)

Above Market Value

This property is priced +20.4% above area average per sq ft

+20.4%
This Property
£525/sq ft
Area Average
£436/sq ft
Avg Rent (weekly)
£337
Avg Yield
4.1%

Renovation Potential

Est. Renovation Cost
£50,000 - £125,000
10-25% of property value
Target Value
£456,998
10% above area average per sq ft
Potential ROI
-26.9%
After renovation
Monthly Sales
14
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (EN11)

Area prices are falling by +5.7% over the last 12 months
3 year growth: -3.3%
5 year growth: 12.1%
Investment Disclaimer: Analysis based on EN11 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

Stanstead Road, Hoddesdon
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