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West Street, Lilley, Hertfordshire, LU2

East of England

£750,000
Listed on 30/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1853 sqft

Description

This four-bedroom detached cottage, steeped in history and believed to be part of the Sowerby Estate dating back to the 17th century, presents a unique opportunity for modernisation. Located in the village of Lilley, this property boasts approximately 1,853 sq. ft. of versatile living space including three reception rooms, a kitchen with original hand-painted units and an oil-fired Aga, as well as a utility room and ground floor bedroom with adjoining wet room. The first floor accommodates three further bedrooms and a bathroom. Highlights include an enclosed south-westerly garden featuring mature trees and a triple garage complete with inspection pit and ample driveway parking for five vehicles. With its original features such as inglenook fireplaces and period windows, this property is primed for renovation to enhance its character while adding modern conveniences. The setting offers picturesque views over the adjacent paddock, making it a desirable investment in a tranquil location close to local amenities and reputable schools.

Investment Analysis

(LU2 area)

Above Market Value

This property is priced +8.9% above area average per sq ft

+8.9%
This Property
£405/sq ft
Area Average
£372/sq ft
Avg Rent (weekly)
£300
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£757,840
10% above area average per sq ft
Potential ROI
-9.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
66
Average per month
Market Turnover
37%
Properties sold annually

Local Market Trend (LU2)

Area prices are stable by 0.0% over the last 12 months
3 year growth: -0.8%
5 year growth: +16.4%
Investment Disclaimer: Analysis based on LU2 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

West Street, Lilley, Hertfordshire, LU2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,705
Based on a loan of £562,500 over 30 years at 4.06% 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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