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Fairway Court, Hemel Hempstead, Hertfordshire, HP3

East of England

£450,000
Listed on 07/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
904 sqft

Description

This two-bedroom bungalow presents a promising opportunity for renovation and expansion, situated on a generously sized plot within a tranquil cul-de-sac. The property offers off-street parking for two vehicles, enhancing convenience for homeowners. Upon entering, you are welcomed by a lawned front garden that leads to an inner lobby and a central hallway featuring storage options. The spacious first bedroom, illuminated by a bay window facing the front, provides ample room and storage. The second bedroom is also well-sized, ensuring comfortable accommodation. At the rear, the lounge offers a pleasant view of the garden, creating a serene atmosphere for relaxation. A bathroom with a classic white suite complements the living space, while the kitchen boasts white cabinetry and connects seamlessly to both the lounge and a full-width conservatory. This heated conservatory expands usable living space throughout the year and allows for enjoyable views of the expansive garden. The substantial private rear garden not only provides outdoor enjoyment but also presents potential for further development or landscaping enhancements. With ample space available, there are numerous possibilities to create an ideal outdoor retreat. The location adds significant value to this property; it is close to local shops and well-regarded schools. Outdoor enthusiasts will appreciate proximity to The Grand Union Canal and Apsley Marina, offering scenic walks and recreational opportunities. Additionally, excellent transport links ensure quick access to major routes such as the A41 and M1, while Apsley Station is conveniently nearby with direct services to London Euston, making this property an attractive option for investors or those looking to craft their dream home in a desirable area.

Investment Analysis

(HP3 area)

Above Market Value

This property is priced +8.6% above area average per sq ft

+8.6%
This Property
£498/sq ft
Area Average
£459/sq ft
Avg Rent (weekly)
£328
Avg Yield
3.2%

Renovation Potential

Est. Renovation Cost
£45,000 - £112,500
10-25% of property value
Target Value
£455,982
10% above area average per sq ft
Potential ROI
-18.9%
After renovation
Monthly Sales
19
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (HP3)

Area prices are stable by +0.6% over the last 12 months
3 year growth: 1.8%
5 year growth: 15.7%
Investment Disclaimer: Analysis based on HP3 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

Fairway Court, Hemel Hempstead, Hertfordshire, HP3
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