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West Street, Lilley, Hertfordshire, LU2 - Image 1
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West Street, Lilley, Hertfordshire, LU2

East of England

£750,000
Listed on 20/09/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1853 sqft

Description

This charming detached cottage offers a unique opportunity for renovation and investment, set in the heart of Lilley village. With four bedrooms and a generous living space of approximately 1,853 sq. ft., the property has been in the same family for four decades. Its history traces back to the 17th century, originally part of the Sowerby Estate, with distinctive architectural features including the family crest depicted on the facade. The accommodation includes three reception rooms, a kitchen equipped with an oil-fired Aga, a utility room, and a convenient ground-floor bedroom complete with an adjoining wet room. On the upper level, three additional bedrooms are complemented by a bathroom. The layout provides ample scope for modernisation to suit contemporary living requirements. The exterior boasts an enclosed south-westerly facing garden ideal for outdoor activities or potential landscaping projects. It features a paved patio area that leads down to a lush lawn surrounded by mature trees and shrubs, providing a tranquil setting against the backdrop of adjacent paddocks and open countryside. Practical amenities include gated access to a gravel driveway that accommodates up to five vehicles, as well as a detached triple garage featuring electric doors and built-in storage solutions. An inspection pit in the garage adds further functionality for those looking to invest in maintenance or restoration projects. Located conveniently between Hitchin and Luton, Lilley is a small yet vibrant village offering essential amenities such as The Lilley Arms pub. For families considering this property as an investment or renovation project, it is approximately ten minutes by car from Hitchin town centre, which hosts an array of schools rated Outstanding by Ofsted, including both boys' and girls' schools as well as several excellent primary options. This combination of location benefits and renovation potential makes this property an appealing prospect for those seeking to create their ideal home in a picturesque village setting.

Investment Analysis

(LU2 area)

Above Market Value

This property is priced +9.3% above area average per sq ft

+9.3%
This Property
£405/sq ft
Area Average
£370/sq ft
Avg Rent (weekly)
£298
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£754,782
10% above area average per sq ft
Potential ROI
-11.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LU2)

Area prices are rising by +2.4% over the last 12 months
3 year growth: 8.8%
5 year growth: 21.4%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,747
Based on a loan of £562,500 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