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Knolles Crescent, Welham Green

East of England

£485,000
Listed on 01/11/2025

Property Details

Bedrooms
2
Type
Detached house
Area
867 sqft

Description

This charming two-bedroom detached bungalow is located in the desirable area of Welham Green, providing a convenient lifestyle with local shops, schools, and Welham Green Train Station all within walking distance. This property is an ideal candidate for renovation, offering significant potential for extension or loft conversion (subject to planning permission). The interior features two spacious double bedrooms, a light-filled living room, and a well-sized kitchen along with a bathroom. The property is set on a generous plot, complete with a large rear garden that includes access to a detached garage—perfect for additional storage or workshop space. With off-street parking available at the front, this bungalow combines practicality with opportunity. Its prime location near essential transport links and everyday amenities makes it an attractive prospect for buyers looking to invest in a home where they can add personal touches and increase its value over time. Whether you are seeking to create your dream home or looking for an investment project, this property offers an excellent foundation for future growth.

Investment Analysis

(AL9 area)

Above Market Value

This property is priced +5.6% above area average per sq ft

+5.6%
This Property
£559/sq ft
Area Average
£530/sq ft
Avg Rent (weekly)
£393
Avg Yield
2.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£505,080
10% above area average per sq ft
Potential ROI
-5.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (AL9)

Area prices are falling by +7.0% over the last 12 months
3 year growth: -1.0%
5 year growth: 2.2%
Investment Disclaimer: Analysis based on AL9 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

Knolles Crescent, Welham Green
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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
£1,777
Based on a loan of £363,750 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