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Derby Way, Stevenage

East of England

£325,000

Listed on 27/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
882 sqft

Description

This three-bedroom terraced home, positioned in the sought-after area of Martins Wood, presents an excellent opportunity for those looking to invest in a property with renovation potential. Benefitting from a garage and driveway, along with a generously sized enclosed rear garden, this property is well-suited for family living. While some modernisation is required, the home's layout is functional, featuring an inviting entrance hall that leads to a lounge and kitchen/diner on the ground floor. The first floor accommodates three ample bedrooms and a family bathroom. There may also be possibilities for extension (subject to planning permission), allowing homeowners to tailor the space to their needs. The location offers convenient access to local amenities, reputable schools, and efficient transport links to both town centre and London via mainline services. This chain-free property represents a blank canvas for buyers keen on crafting their ideal family home.

Investment Analysis

(SG1 area)

Below Market Value

This property is priced -3.0% below area average per sq ft

-3.0%
Potential saving
This Property
£368/sq ft
Area Average
£380/sq ft
Avg Rent (weekly)
£316
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£368,725
10% above area average per sq ft
Potential ROI
+5.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (SG1)

Area prices are falling by -2.3% over the last 12 months
3 year growth: +3.8%
5 year growth: +14.6%
Investment Disclaimer: Analysis based on SG1 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

Derby Way, Stevenage
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,159
Based on a loan of £243,750 over 30 years at 3.97% 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.

Stamp Duty Calculator

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