Stevenage recorded 1,326 completed sales in the last 12 months, which gives sellers a decent evidence base for pricing. The balance of homes is broad. Terraced properties make up 31.0% of the housing stock, semi-detached homes account for 29.2%, and flats, maisonettes or apartments account for 29.1%. Detached homes are less common at 10.3%, which helps explain their £598,590 average.
New-build supply is also visible in the Stevenage market. Gladedale at Forster Park at SG1 4QY starts from £599,950 and focuses on 3, 4 and 5 bedroom homes. Aspects by Taylor Wimpey on Broadhall Way, SG2 8EE, starts from £340,000, while Fairlands by Barratt Homes at SG2 0SN starts from £340,000. Bellway’s The Scene on London Road, SG2 8EE, starts from £349,995, adding more 2, 3 and 4 bedroom stock into the SG2 market.
Those developments affect resale strategy. A nearly new 3 bedroom home near Broadhall Way may be judged against builder incentives, specification, parking and completion dates. An older 3 bedroom terraced house from the New Town period may compete on space, plot size and established location instead. Estate agents in Stevenage should be able to show how they handle that direct new-build comparison.