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Fallowfield Walk, Hemel Hempstead, Hertfordshire, HP1 - Image 1
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Fallowfield Walk, Hemel Hempstead, Hertfordshire, HP1 - Image 5

Fallowfield Walk, Hemel Hempstead, Hertfordshire, HP1

East of England

£350,000
Listed on 05/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
731 sqft

Description

Nestled in the desirable Fallowfield Walk area of Hertfordshire, this three-bedroom freehold home presents a unique opportunity for renovation and investment. The property’s solid structure and well-maintained exterior suggest the potential for both personalisation and value enhancement, making it an attractive prospect for families and investors alike. Upon entering, you’ll find a spacious reception room that serves as a versatile space for everyday living. Generous windows allow natural light to fill the area, creating a welcoming atmosphere. This room offers ample scope for reconfiguration or updating, catering to various use cases such as relaxation, entertainment, or even home office space. The kitchen, also situated on the ground floor, is functional and offers plenty of storage options with its cabinets and countertop space. While it is currently in good condition, there is significant potential for modernisation to create an open-plan layout or to incorporate contemporary finishes that reflect your personal style. Upstairs, the property features three well-proportioned bedrooms that provide comfortable living spaces suitable for different lifestyles. These rooms could easily be adapted into a home office, children’s rooms, or guest accommodations. A family bathroom complements the upstairs layout and showcases practicality without sacrificing style. One notable aspect of this property is the possibility for extension (subject to planning permission). Whether you're considering adding another bedroom or expanding communal areas like the kitchen or living room, this home has ample outdoor space that lends itself well to such improvements. The private rear garden enhances the property's appeal—a tranquil outdoor space ideal for gardening enthusiasts or those who enjoy entertaining outdoors. Its privacy allows it to serve as an inviting retreat throughout the year. Additional practicalities include allocated parking, which is particularly beneficial in this sought-after location. This feature provides convenience not just for residents but also for visitors. Families will value being within a reputable school catchment area, simplifying daily commutes during term time. Moreover, excellent transport links facilitate easy access to nearby towns and cities. Local shops, cafes, and parks are all within close reach, contributing to the overall convenience of daily life in this community. For investors looking to expand their portfolio, this property stands out with its strong rental yield potential due to its favorable location and desirable features that appeal to both professionals and families seeking long-term rentals. In conclusion, this three-bedroom house on Fallowfield Walk offers a blend of spacious living areas along with significant renovation potential set against an enviable backdrop of local amenities and transport links. Its combination of comfort and investment-worthy features makes it worth exploring further;

Investment Analysis

(HP1 area)

Above Market Value

This property is priced +3.9% above area average per sq ft

+3.9%
This Property
£479/sq ft
Area Average
£461/sq ft
Avg Rent (weekly)
£336
Avg Yield
4.0%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£370,650
10% above area average per sq ft
Potential ROI
+0.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (HP1)

Area prices are rising by +4.7% over the last 12 months
3 year growth: 11.7%
5 year growth: 13.7%
Investment Disclaimer: Analysis based on HP1 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

Fallowfield Walk, Hemel Hempstead, Hertfordshire, HP1
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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
£1,282
Based on a loan of £262,500 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