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Fallowfield, Stevenage

East of England

£335,000
Listed on 06/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
813 sqft

Description

This 3-bedroom family home in the Fallowfield area presents a promising opportunity for renovation and investment. With planning permission already granted for a single-storey rear extension, potential buyers can easily envision expanding the living space to suit their needs or enhance rental value. The property features a driveway that accommodates multiple vehicles, providing convenient off-street parking. The spacious rear garden is both well-maintained and landscaped, offering a low-maintenance outdoor retreat that could benefit from further enhancement or customization. Internally, the layout consists of an entrance hall that leads to a dual-aspect lounge and dining room, which is filled with natural light—ideal for comfortable family gatherings. The kitchen offers ample cabinetry and counter space, along with room for essential appliances. A rear door connects this area to the garden, promoting a seamless indoor-outdoor lifestyle. Upstairs, you'll find three bedrooms, including two generously sized doubles that offer flexibility for families or those needing home office space. Completing this level are a separate bathroom and W.C., both featuring traditional white suites—providing an opportunity for modern updates if desired. Fallowfield's location adds significant appeal; it is close to parks, schools, and shopping areas. For commuters, Stevenage Train Station is just a short drive away, ensuring quick access to London Kings Cross in approximately 21 minutes. Overall, this property represents not only a comfortable living space but also an excellent investment opportunity. Whether you're considering it as your first home or as a project to enhance its value through renovations, this residence has much to offer.

Investment Analysis

(SG2 area)

Above Market Value

This property is priced +4.3% above area average per sq ft

+4.3%
This Property
£412/sq ft
Area Average
£395/sq ft

Renovation Potential

Est. Renovation Cost
£33,500 - £83,750
10-25% of property value
Target Value
£353,383
10% above area average per sq ft
Potential ROI
-15.6%
After renovation
Monthly Sales
20
Average per month
Market Turnover
41%
Properties sold annually

Local Market Trend (SG2)

Area prices are rising by +7.0% over the last 12 months
3 year growth: 4.4%
5 year growth: 22.1%
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

Fallowfield, Stevenage
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