Derby Way, Stevenage
HU

Derby Way, Stevenage

By Hunters

£ 325,000

Reviews

2 out of 5 stars

Hunters says ..

A spacious three bedroom semi detached family home, which is in need of modernisation, but offers great scope to improve. In brief the accommodation comprises of a spacious reception hall, ground floor cloakroom, kitchen, separate dining room with patio doors leading to the rear garden, good size...

Property Oracle says ..

This three-bedroom semi-detached house in Martins Wood, Stevenage, presents a mixed bag of opportunities and challenges for prospective buyers. The property’s location is a definite positive, offering relatively easy access to primary schools rated ‘Good’ by Ofsted and a reasonable commute to London via Stevenage train station. The small garden adds some outdoor space, though it appears in need of some landscaping.

However, the property’s condition requires careful consideration. The interior photographs reveal a style dating back several decades, with outdated kitchens and bathrooms. Potential buyers should budget for a significant amount of refurbishment to update the property to meet contemporary standards. The dated features include the carpet, walls, kitchen, and bathroom. The kitchen and bathroom would require a full refit and modernisation.

At £325,000, the property’s price falls within a reasonable range compared to similar properties, though direct price-per-square-foot comparisons are hampered by inconsistent data. However, factoring in the necessary renovation costs, buyers need to account for this and fully review if this property is suitable to their needs. Prospective buyers should carefully weigh the cost of refurbishment against the overall value proposition of the location and potential for increased property value after renovation. Overall, this property represents a potentially viable investment for buyers willing to undertake modernisation projects.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
5
Location
7
Land
4
Bedrooms
3
Bathrooms
1
Sqft (est)
920.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
300,000.00 £
Decreased by 15.86 %
from 356,563.00 £
Est sale value
310,960.00 £
Decreased by 50.66 %
from 630,200.00 £
Average area rental value
1,174.00 £/mo
Increased by 25.29 %
from 937.00 £/mo
Est letting value
920.00 £/mo
Unchanged by 0.00 %
from 920.00 £/mo
Est rental Yield
4.70 %
Increased by 49.21 %
from 3.15 %
Crime Rate
3.00 %
Unchanged by 0.00 %
from 3.00 %

Agent Activity

  • Hunters created the listing.

Nearby Schools

NameTypeOfstedDistance
Martins Wood Primary SchoolCommunity SchoolGood0.37 KM
S4 Chells & Manor Family CentreChildren's Centre0.66 KM
S2 St Nicholas & Martins Wood Family CentreChildren's Centre0.72 KM
The Nobel SchoolFoundation SchoolGood0.77 KM
Lodge Farm Primary SchoolCommunity SchoolGood0.83 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Cameron Close £ 895,00000.00 KM
Chells Way £ 325,00000.00 KM
Scott Road £ 340,00000.00 KM
Larwood Grove £ 000.00 KM
Wedgwood Way £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Stevenage6092SVG4.09 KM
Knebworth6088KBW5.71 KM
Baldock6084BDK8.68 KM
Watton-At-Stone6095WAS8.92 KM
Letchworth Garden City6089LET9.42 KM

Nearby Listings

AddressPriceTypeScoreDistance
Derby Way, Stevenage £ 325,000BUY5 / 100.00 KM
Epsom Close, Stevenage £ 375,000BUY6 / 100.18 KM
Epsom Close, Stevenage, SG1 5TE £ 230,000BUY6 / 100.20 KM
Livingstone Link, Stevenage, SG2 0EP £ 325,000BUY6 / 100.22 KM
Livingstone Link, Stevenage £ 315,000BUY6 / 100.22 KM

Nearby Properties

AddressPriceDistance
151 Derby Way £ 310,0000.03 KM
147 Derby Way £ 267,0000.03 KM
149 Derby Way £ 313,0000.03 KM
152 Derby Way £ 310,0000.03 KM
146 Derby Way £ 47,4000.03 KM