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See how verdicts work4-bedroom detached house · SG1 4SA
Opportunity summary
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About
Guide price £675,000 – £700,000 | chain free | development opportunity | A substantial four-bedroom detached family home occupying a generous plot within the highly sought-after Chancellors area of Stevenage.
Offered as an unfinished renovation project, with planning permission granted for a two-storey side extension, single-storey rear extension, front porch and garage conversion.
Featuring spacious open-plan living accommodation, four bedrooms, en-suite, private wraparound garden, double garage and driveway parking.
An exciting opportunity for investors, developers or buyers seeking to create their dream family home.
**guide price £675,000 – £700,000 | chain free | priced to sell | planning permission granted | exciting development opportunity** planning reference: 24/00605/fph Plans available upon request We are delighted to present to the market this substantial four-bedroom detached family home, occupying a generous plot within the highly regarded Chancellors area of Stevenage.
Offered chain free and representing an exciting opportunity for investors, developers or buyers seeking to create their own bespoke family residence, the property benefits from approved planning permission for substantial extensions and alterations, offering considerable scope to transform and enhance the existing accommodation.
Ideally positioned within easy reach of Lister Hospital, with excellent access to the A1(M) and surrounding amenities, the property combines a desirable residential location with significant development potential.
The approved planning permission provides for the erection of a two-storey side extension, single-storey front porch, single-storey rear extension and garage conversion, presenting an excellent opportunity to substantially increase and reconfigure the existing living accommodation, subject to the approved plans and relevant building regulations.
The existing accommodation is generously proportioned and begins with an entrance hallway, providing access to a downstairs WC and an impressive L-shaped open-plan lounge, dining and kitchen area.
This expansive living space offers considerable flexibility and provides an excellent foundation for creating a contemporary, open-plan family environment.
A separate utility room is conveniently positioned off the kitchen. Stairs rise to the first-floor landing, where four well-proportioned bedrooms provide ample accommodation for family living.
The principal bedroom benefits from its own en-suite facilities, while the remaining bedrooms are served by a family bathroom.
Externally, the property occupies an attractive plot, benefiting from a private wraparound rear garden, predominantly laid to lawn and offering excellent scope for landscaping and outdoor entertaining.
Excavation works for the proposed rear extension footings have already commenced, providing a starting point for the planned development.
To the front, the property benefits from a double garage and driveway providing off-road parking for approximately two to three vehicles**.
**important – unfinished renovation project** Prospective purchasers should be aware that the property is being sold as an unfinished renovation project, with certain improvement works already undertaken.
These include an upgraded central heating system, electrical rewiring and the replacement of several first-floor windows.
Preparatory excavation works have also commenced within the rear garden in connection with the proposed extension.
Please note that the downstairs WC and main family bathroom currently have no sanitary ware installed, and further works will be required to bring the property to a completed and habitable standard.
The property is therefore particularly suited to purchasers with the experience, resources and vision to undertake the remaining renovation and development works, capitalising on the existing accommodation and approved planning permission.
Offering substantial accommodation, a generous plot, approved planning permission and considerable potential for improvement, this represents an exciting opportunity to create an impressive family home in one of Stevenage's most desirable residential locations.
Offered chain free, viewing comes highly recommended to fully appreciate the scale of the property, the approved development plans and the opportunity on offer.
Dimensions Entrance Hallway 12'8 x 8'2 Downstairs WC 6'6 x 5'9 Lounge/Dining & Kitchen Area 35'6 x 18'5 (L shape max to max) Utility 7'9 x 6'7 Bedroom 1: 13'7 x 10'7 En-Suite 6'7 x 6'3 Bedroom 2: 12'0 x 10'1 Bedroom 3: 12'1 x 10'1 Bedroom 4: 10'6 x 8'9 Family Bathroom 9'8 x 6'5 Double Garage 18'5 x 18'2
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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