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Greenbank Close, Hempstead

South East

£325,000
Listed on 06/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1109 sqft

Description

This staggered terrace home is situated in a desirable cul-de-sac, offering spacious living areas and the opportunity for renovation. As you enter, you are welcomed by a hallway that leads to a generously sized lounge and dining area, perfect for entertaining or family gatherings. The kitchen provides a functional layout with potential for modern updates. A standout feature is the part brick conservatory with dwarf walls, which could serve as an additional dining space or a home office, catering to modern work-from-home needs. The upper level presents three double bedrooms, each offering ample space and versatility for personalisation. The spacious four-piece bathroom adds convenience for families. The rear garden is designed for low maintenance, enhancing the property's appeal while leaving room for potential landscaping improvements. Off-road parking accommodates two to three cars alongside a garage that holds significant promise; it could be converted into additional living space subject to planning permission (STPP). This home is located close to well-regarded primary and secondary schools, shopping facilities at Hempstead Valley Shopping Centre, and offers easy access to Junction 4 of the M2 motorway. With no onward chain attached, this property represents both a comfortable home and an exciting investment opportunity. Overall, this property is ideal for those looking to add value through thoughtful renovations in a highly sought-after community.

Investment Analysis

(ME7 area)

Below Market Value

This property is priced -2.7% below area average per sq ft

-2.7%
Potential saving
This Property
£293/sq ft
Area Average
£301/sq ft
Avg Rent (weekly)
£285
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£367,251
10% above area average per sq ft
Potential ROI
+0.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (ME7)

Area prices are rising by +6.7% over the last 12 months
3 year growth: 3.7%
5 year growth: 22.2%
Investment Disclaimer: Analysis based on ME7 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

Greenbank Close, Hempstead
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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