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Parrotts Lane, Cholesbury, Tring, Hertfordshire, HP23 - Image 1
Parrotts Lane, Cholesbury, Tring, Hertfordshire, HP23 - Image 2
Parrotts Lane, Cholesbury, Tring, Hertfordshire, HP23 - Image 3
Parrotts Lane, Cholesbury, Tring, Hertfordshire, HP23 - Image 4
Parrotts Lane, Cholesbury, Tring, Hertfordshire, HP23 - Image 5

Parrotts Lane, Cholesbury, Tring, Hertfordshire, HP23

East of England

£1,385,000
Listed on 25/04/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1716 sqft

Description

This detached family home, originally built in the 1930s, presents a unique opportunity for those looking to invest in a property with considerable renovation potential. Set on an expansive plot of nearly one acre, the house occupies an elevated position that affords delightful views over its gardens and the surrounding countryside. The layout currently includes three spacious reception rooms, with a triple aspect living room featuring double doors that open onto a raised terrace – an ideal spot for enjoying outdoor vistas. A bay-fronted formal dining room and a dual aspect family room enhance the living space. The kitchen, while functional, offers ample room for updates, and it is accompanied by a separate utility area for added convenience. Upstairs, four generously sized bedrooms are serviced by two bath/shower rooms, including one en suite. The property’s positioning within its plot maximizes natural light and provides scope for further expansion or reconfiguration, subject to obtaining planning permission. Outside, the grounds include a significant outbuilding/workshop that could be converted into ancillary accommodation or utilized for various hobbies or storage needs; again, this would be subject to local planning regulations. Accessed via a block-paved driveway leading to a detached double garage, this home combines functionality with potential. Located on the borders of Hawridge and Cholesbury, this property benefits from its proximity to the picturesque Chiltern Hills Area of Outstanding Natural Beauty. The charming village offers essential local amenities and is well-regarded for its access to excellent educational institutions such as Bucks Grammar schools. Nearby towns like Berkhamsted, Tring, and Chesham provide additional shopping options and transport links for commuters heading towards London. With its spacious interiors and expansive grounds in a desirable location, this property stands as an investment opportunity ripe for modernization and personalization.

Investment Analysis

(HP23 area)

Above Market Value

This property is priced +59.7% above area average per sq ft

+59.7%
This Property
£807/sq ft
Area Average
£506/sq ft
Avg Rent (weekly)
£352
Avg Yield
2.6%

Renovation Potential

Est. Renovation Cost
£138,500 - £346,250
10-25% of property value
Target Value
£954,182
10% above area average per sq ft
Potential ROI
-44.9%
After renovation
Monthly Sales
10
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (HP23)

Area prices are rising by +2.6% over the last 12 months
3 year growth: 5.5%
5 year growth: 18.0%
Investment Disclaimer: Analysis based on HP23 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

Parrotts Lane, Cholesbury, Tring, Hertfordshire, HP23
Map showing location of Parrotts Lane, Cholesbury, Tring, Hertfordshire, HP23
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