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Pimlico Bedmond Road, Pimlico, HP3 - Image 1
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Pimlico Bedmond Road, Pimlico, HP3

East of England

£495,000
Listed on 21/05/2024

Property Details

Bedrooms
3
Type
Semi-detached house
Area
936 sqft

Description

This end-of-terrace family home features three spacious double bedrooms and is situated in the desirable Pimlico area. The property occupies a generous plot, offering substantial potential for renovation and expansion, subject to the necessary planning permissions. Inside, the ground floor consists of a dual-aspect lounge and dining area that invites natural light, along with a fitted kitchen, entrance porch, rear porch, and a convenient guest cloakroom. On the first floor, you’ll find three double bedrooms equipped with built-in wardrobes, complemented by a family bathroom. Notably, the outdoor space is ample, featuring gardens at the front, rear, and side of the home—perfect for those looking to create their ideal outdoor retreat. The property also includes a driveway providing off-road parking and an integral garage that comes equipped with power and lighting. This additional feature enhances its functionality while presenting further investment opportunities. Pimlico's strategic location offers easy access to nearby villages such as Leverstock Green and Bedmond, which provide local shops and essential amenities. Its proximity to Hemel Hempstead as well as Abbots Langley and Kings Langley ensures that residents can enjoy both convenience and community. The property additionally benefits from swift connectivity to major motorway networks including the M1, M25, and A41—ideal for commuters looking for efficient routes to surrounding areas. With its combination of space, location advantages, and potential for modernization or extension, this property presents an excellent opportunity for those interested in creating value through renovations in a sought-after neighborhood.

Investment Analysis

(HP3 area)

Above Market Value

This property is priced +15.3% above area average per sq ft

+15.3%
This Property
£529/sq ft
Area Average
£459/sq ft
Avg Rent (weekly)
£328
Avg Yield
3.2%

Renovation Potential

Est. Renovation Cost
£49,500 - £123,750
10-25% of property value
Target Value
£472,123
10% above area average per sq ft
Potential ROI
-23.7%
After renovation
Monthly Sales
19
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (HP3)

Area prices are stable by +0.6% over the last 12 months
3 year growth: 1.8%
5 year growth: 15.7%
Investment Disclaimer: Analysis based on HP3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Pimlico Bedmond Road, Pimlico, HP3
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