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Home in Highly Desirable Location, Huge Potential

South East

£375,000
Listed on 27/03/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
800 sqft

Description

Situated on a well-established road, this semi-detached residence provides an excellent canvas for both immediate living and future enhancements. The property spans approximately 0.14 acres and offers around 800 sq ft of current space, ripe with potential for those looking to create a tailored family home. The generous plot features a broad front area allowing for off-road parking, while the rear garden measures around 83ft, facing west to capture ample afternoon sunshine—ideal for outdoor enjoyment or future landscaping projects. Internally, the layout consists of a spacious living room at the front, alongside a dining room and kitchen that overlook the garden, providing a functional flow with opportunities to modernize. The upper floor comprises three bedrooms—two doubles and one single—and a shower room. While the existing configuration serves well for comfortable living, it also invites possibilities for reconfiguration or expansion to better suit personal preferences. The value in this home lies not only in its current state but also in the potential to extend or remodel, following the precedent set by other properties on Spekes Road that have successfully enhanced their spaces over time. The location is notable; Hempstead is recognized for its desirable residential quality, proximity to shopping facilities like Hempstead Valley Shopping Centre, and access to local parks and schools that cater well to families. Thus, this property presents not merely a home but an opportunity to invest in an attractive lifestyle within one of Hempstead’s most sought-after neighborhoods.

Investment Analysis

(ME7 area)

Above Market Value

This property is priced +55.8% above area average per sq ft

+55.8%
This Property
£469/sq ft
Area Average
£301/sq ft
Avg Rent (weekly)
£271
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£264,748
10% above area average per sq ft
Potential ROI
-37.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
48
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (ME7)

Area prices are rising by +5.1% over the last 12 months
3 year growth: +2.8%
5 year growth: +19.1%
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

Home in Highly Desirable Location, Huge Potential
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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
£1,352
Based on a loan of £281,250 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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