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Drakes Drive, Stevenage, Hertfordshire, SG2

East of England

£325,000
Listed on 25/03/2026

Property Details

Bedrooms
2
Type
End Of Terrace
Area
385 sqft

Description

This two-bedroom end of terrace house presents a remarkable opportunity for those looking to invest in a property with substantial potential for personalization and enhancement. Tucked away on a sought-after corner plot, the home features an expansive rear garden, perfect for outdoor activities or even potential expansion—subject to obtaining the necessary planning permissions. Located in the desirable area of Chells, this chain-free house awaits a new owner ready to appreciate its structural soundness while adding their own touches to elevate its charm. Positioned conveniently within Chells, known for its family-friendly environment and strong community vibe, this property is within proximity to local schools, parks, and shopping options. The easy access to transport links makes commuting straightforward while providing residents with a tranquil setting just minutes from the town center—ideal for both first-time buyers and savvy investors. Entering the home reveals a generously proportioned reception room that enjoys an abundance of natural light, fostering a cozy atmosphere ideal for relaxation or hosting gatherings. The adaptable layout allows for flexible arrangements suitable for both living and dining needs, enhanced by additional windows due to its corner position. The kitchen is adequately sized with ample space left for cabinetry and appliances while also offering views of the expansive garden, creating an inviting spot for everyday culinary activities. Direct access to the outdoor space promotes seamless indoor-to-outdoor living during warmer months. Upstairs houses two spacious double bedrooms, each with good storage options and natural light flooding in—a conducive environment either for restful nights or as versatile spaces suitable for work or hobbies. The family bathroom consists of practical fittings including a bath with shower over, wash basin, and WC. A notable highlight is undoubtedly the large rear garden that opens doors to various possibilities; from landscaping endeavors to crafting play areas or embarking on extension projects—the potential here is vast. Complementing this is additional side garden space unique to corner plots, enhancing the overall appeal of this promising home.

Investment Analysis

(SG2 area)

Above Market Value

This property is priced +112.0% above area average per sq ft

+112.0%
This Property
£844/sq ft
Area Average
£398/sq ft
Avg Rent (weekly)
£335
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£168,617
10% above area average per sq ft
Potential ROI
-51.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
58%
Properties sold annually

Local Market Trend (SG2)

Area prices are rising by +3.3% over the last 12 months
3 year growth: +1.5%
5 year growth: +15.9%
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

Drakes Drive, Stevenage, Hertfordshire, SG2
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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
£1,172
Based on a loan of £243,750 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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