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Georgewood Road, Hemel Hempstead, HP3

East of England

£600,000
Listed on 05/09/2025

Property Details

Bedrooms
4
Type
Detached house
Area
928 sqft

Description

This detached chalet bungalow offers a unique opportunity for renovation and investment in the sought-after area of Nash Mills. Just a short stroll from Apsley Train Station, this location provides excellent transport links alongside proximity to local amenities and reputable junior and secondary schools. The property features four generously sized bedrooms, creating ample living space suitable for families or multi-generational living. The versatile layout is enhanced by the inclusion of a self-contained annexe, complete with its own reception room, bathroom, and double bedroom. This separate living space has both an independent entrance and an interconnecting door to the main house, making it ideal for guests or as a rental unit. Natural light floods the interior through large windows, with stylish elements like bi-folding doors in the kitchen/diner that open out to a beautifully landscaped rear garden. This outdoor space provides both a relaxing retreat and potential for further expansion or modification. There is significant scope for improvement with planning permission already granted for two dormers on the front aspect and new external rendering. These enhancements could increase the property's value while providing an opportunity to personalize it to your taste. Additionally, the property includes a spacious driveway capable of accommodating multiple vehicles. The nearby canal and picturesque walking routes enhance the overall appeal of the location, making it not just a home but a lifestyle choice. With its blend of space, potential for renovations, and prime location, this chalet bungalow presents a compelling opportunity for those looking to invest in real estate or create their ideal family residence.

Investment Analysis

(HP3 area)

Above Market Value

This property is priced +41.0% above area average per sq ft

+41.0%
This Property
£647/sq ft
Area Average
£459/sq ft
Avg Rent (weekly)
£364
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£468,190
10% above area average per sq ft
Potential ROI
-29.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (HP3)

Area prices are stable by +0.2% over the last 12 months
3 year growth: 0.7%
5 year growth: 18.0%
Investment Disclaimer: Analysis based on HP3 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

Georgewood Road, Hemel Hempstead, HP3
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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
£2,198
Based on a loan of £450,000 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