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High Street, Walkern, Stevenage

East of England

£600,000
Listed on 15/07/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1613 sqft

Description

This charming three-bedroom property presents a unique opportunity for those looking to invest in a home with substantial renovation potential. With over 1,600 square feet of internal space, the layout allows for creative reimagining and possible extensions (subject to planning permission), making it a versatile option for homebuyers and investors alike. Upon entering, you are welcomed into a spacious lounge featuring an original central fireplace that retains its character. This room seamlessly leads into a dining area enhanced by wooden clad ceilings and skylights, creating an inviting atmosphere. The kitchen, designed in a functional galley style, offers ample cabinetry and countertop space while maintaining access to a side entrance. Adjacent to the dining area is a conservatory that provides additional light and connection to the outdoors, alongside a practical utility room. An extension on the ground floor includes one of the bedrooms along with a conveniently located toilet/shower room, enhancing the home's already generous living space. The upper level does not disappoint with further charm; it features another double bedroom and a large family bathroom equipped with a three-piece suite. A sitting room showcases an original cast iron fireplace and a distinctive wooden staircase that leads up to an intriguing mezzanine-style third bedroom. This unique space includes a Velux window and offers access to a roof terrace, ideal for relaxed outdoor moments. Externally, the tranquil rear garden serves as an inviting retreat during warmer months. Notably, there is also a sizable side plot that remains underutilized but holds significant potential for development—whether as extra parking or expanded gardening space. This property is situated in a desirable location that enhances its appeal for future investment. With character features throughout and ample scope for modernization or expansion, it stands out as an excellent prospect for those looking to create their own vision of home while benefiting from potential value appreciation over time.

Investment Analysis

(SG2 area)

Below Market Value

This property is priced -6.0% below area average per sq ft

-6.0%
Potential saving
This Property
£372/sq ft
Area Average
£396/sq ft
Avg Rent (weekly)
£341
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£702,357
10% above area average per sq ft
Potential ROI
+6.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (SG2)

Area prices are rising by +6.1% over the last 12 months
3 year growth: 2.8%
5 year growth: 19.1%
Investment Disclaimer: Analysis based on SG2 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

High Street, Walkern, Stevenage
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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
£2,198
Based on a loan of £450,000 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