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Chells Way, Stevenage, SG2

East of England

£325,000
Listed on 06/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
897 sqft

Description

This three-bedroom terraced home presents a rare opportunity for those looking to invest in a property with substantial renovation potential. Nestled in a sought-after neighborhood, the house is positioned to the front, ensuring privacy and an unobstructed outlook, making it an appealing choice for families. While the property requires a comprehensive refurbishment, it offers endless possibilities to tailor it into your ideal family residence. The layout includes a front garden that holds the potential to be transformed into off-street parking (subject to necessary approvals). Inside, you'll find an entrance hallway leading into a living room and a kitchen with ample space for dining, which opens onto the rear garden. Upstairs, there are three well-proportioned bedrooms along with a family bathroom. Additionally, access to the loft space allows for potential further development—an attractive consideration for buyers keen on maximizing living space. The location is particularly advantageous, with excellent schooling options nearby, as well as easy access to parks and recreational amenities that enhance family life. Commuters will appreciate that Stevenage Train Station is just a short drive away, providing quick connections to London Kings Cross in approximately 21 minutes. Overall, this property not only invites you to reimagine its potential but also stands as a solid investment in an area known for its family-friendly environment and community spirit.

Investment Analysis

(SG2 area)

Below Market Value

This property is priced -8.5% below area average per sq ft

-8.5%
Potential saving
This Property
£362/sq ft
Area Average
£396/sq ft
Avg Rent (weekly)
£341
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£45,000 - £70,000
Target Value
£390,585
10% above area average per sq ft
Potential ROI
-1.1%
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

Chells Way, Stevenage, SG2
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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
£1,191
Based on a loan of £243,750 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