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Spencer Way, Stevenage

East of England

£400,000
Listed on 24/01/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
732 sqft

Description

This semi-detached three-bedroom house, located in the desirable Willow Walk development south of Stevenage, presents a solid foundation for investment and renovation. Although the property has been well-maintained with modern finishes, it offers several areas for potential enhancement. Upon entry, you’ll find an inviting reception lobby and a convenient downstairs WC. The spacious lounge/dining area, featuring patio doors that lead to the private garden, sets the stage for creating an open and airy living space. The adjoining kitchen comes equipped with integrated appliances but could benefit from a fresh design or layout to maximize efficiency and aesthetic appeal. Upstairs hosts three generously sized bedrooms along with a family bathroom and an ensuite off the master bedroom, presenting opportunities for reconfiguration or updating decor to better suit contemporary tastes. The inclusion of a boarded loft adds potential for conversion into additional living space (subject to planning permission). Externally, there is a driveway and garage providing practical utility as well as further scope for landscaping in the secluded rear garden. Given its current condition and location, this property stands as an excellent candidate for both cosmetic upgrades and structural improvements aimed at increasing value.

Investment Analysis

(SG2 area)

Above Market Value

This property is priced +35.5% above area average per sq ft

+35.5%
This Property
£546/sq ft
Area Average
£403/sq ft
Avg Rent (weekly)
£346
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£324,777
10% above area average per sq ft
Potential ROI
-23.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (SG2)

Area prices are rising by +4.1% over the last 12 months
3 year growth: 2.0%
5 year growth: 18.2%
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

Spencer Way, Stevenage
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,443
Based on a loan of £300,000 over 30 years at 4.06% 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