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Grace Way, Stevenage

East of England

£270,000

Listed on 30/06/2026

Property details

Bedrooms
3
Type
Terraced
Area
1178 sqft

Description

This sizable three-bedroom property presents an excellent opportunity for both investors and first-time buyers seeking a home to personalize. Spanning nearly 1,200 square feet, the interior layout is functional but requires renovation, allowing for significant enhancements to be made. The entrance leads to a welcoming porch and hall, with a downstairs W.C and a bright lounge benefiting from dual aspect windows. Adjacent to this space is a separate kitchen and dining area that boasts versatility, making it an ideal candidate for reconfiguration into a larger kitchen/diner if desired. The ground floor also includes a practical utility room. Upstairs, there are three sizable bedrooms that can cater to various family needs, all serviced by a three-piece family bathroom. Outside, the property features a garden with rear access, complemented by a driveway and garage equipped with an up-and-over door. This residence is conveniently located just minutes from Stevenage Town Centre, offering efficient transport links to London Kings Cross in under 20 minutes.

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Investment analysis

(SG1 area)

Below Market Value

This property is priced -39.8% below area average per sq ft

-39.8%
Potential saving
This Property
£229/sq ft
Area Average
£381/sq ft
Avg Rent (weekly)
£323
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£493,117
10% above area average per sq ft
Potential ROI
+59.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (SG1)

Area prices are stable by +0.6% over the last 12 months
3 year growth: +3.7%
5 year growth: +14.4%
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

Grace Way, Stevenage
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,020
Based on a loan of £202,500 over 30 years at 4.45% 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

Next Steps

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