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High Street, Melbourn, Royston, Hertfordshire, SG8

East of England

£1,500,000
Listed on 06/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
5470 sqft

Description

This Grade II listed detached village house presents a unique opportunity for renovation and investment, situated in a well-served village close to its core. With its historic charm characterized by partly pargetted and timber-rendered elevations beneath a traditional peg tiled roof, this property features extensive living space spread across three floors. Key architectural elements include a late 17th-century staircase, sash windows, panelled doors, and cornicing that reflect its historical significance. The interior layout is versatile, beginning with a welcoming reception/dining hall showcasing original flagstone flooring. The drawing room on one side boasts elegant panelling and a gas fireplace, while the adjacent morning room offers dual aspects and direct access to the side lobby. An archway leads to an inner hall featuring an early turning staircase and a utility area equipped with plumbing for laundry appliances. The spacious Aga kitchen is equipped with wooden base units, modern appliances, and provides access to both the terrace and garden—ideal for those looking to create an outdoor entertainment space. On the first floor, you'll find three generously sized double bedrooms along with two additional bedrooms at the rear. One of these rear rooms connects to further interconnecting spaces that hold potential for development (subject to necessary planning permissions). This floor also includes two bathrooms and a separate shower room. Stairs lead up to three loft rooms, providing even more options for use or conversion. The property is set within 1.85 acres of delightful grounds featuring a charming walled formal garden with various established plants among other mature trees such as fig and crabapple trees. A useful barn outbuilding provides additional garaging and storage space alongside carports for vehicular needs. With its combination of historic character, ample accommodation, extensive gardens, and multiple outbuildings, this property stands as an excellent canvas for those looking to invest in a renovation project that maintains its architectural integrity while accommodating modern living needs.

Investment Analysis

(SG8 area)

Below Market Value

This property is priced -31.9% below area average per sq ft

-31.9%
Potential saving
This Property
£274/sq ft
Area Average
£403/sq ft
Avg Rent (weekly)
£304
Avg Yield
3.2%

Renovation Potential

Est. Renovation Cost
£150,000 - £375,000
10-25% of property value
Target Value
£2,424,249
10% above area average per sq ft
Potential ROI
+29.3%
After renovation
Monthly Sales
23
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (SG8)

Area prices are stable by +1.4% over the last 12 months
3 year growth: -4.9%
5 year growth: 2.9%
Investment Disclaimer: Analysis based on SG8 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

High Street, Melbourn, Royston, Hertfordshire, SG8
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