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Chaucer Close, Berkhamsted HP4 - Image 1
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Chaucer Close, Berkhamsted HP4

East of England

£499,950
Listed on 02/08/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
678 sqft

Description

This semi-detached house presents a promising renovation opportunity and the potential for expansion, situated in a peaceful cul-de-sac just a short, level stroll from the heart of Berkhamsted town center. With a two-story side extension, there is ample scope to transform this property into a spacious four-bedroom home, ideal for both families and investors. The current layout features an entrance hallway that leads into a kitchen and a bright, double-aspect sitting room, creating a welcoming living space. Upstairs, you’ll find two generously-sized bedrooms along with a bathroom, providing a solid foundation for modernization. Outside, the property boasts off-road parking suitable for three vehicles, which is a significant advantage in this sought-after area. The private rear garden benefits from south-westerly exposure, offering ample sunlight throughout the day—an excellent setting for landscaping or outdoor entertaining. With its prime location and inherent potential for enhancement, this property stands out as an attractive prospect for those looking to invest in Berkhamsted's thriving real estate market.

Investment Analysis

(HP4 area)

Above Market Value

This property is priced +24.9% above area average per sq ft

+24.9%
This Property
£737/sq ft
Area Average
£590/sq ft
Avg Rent (weekly)
£412
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£440,283
10% above area average per sq ft
Potential ROI
-24.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (HP4)

Area prices are falling by +4.7% over the last 12 months
3 year growth: -4.7%
5 year growth: -3.8%
Investment Disclaimer: Analysis based on HP4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Chaucer Close, Berkhamsted HP4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,831
Based on a loan of £374,962 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE