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Crest Park, Hemel Hempstead, Hertfordshire, HP2

East of England

£275,000
Listed on 16/09/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
537 sqft

Description

This terraced house offers significant renovation and investment potential, situated in a desirable area with convenient access to public transportation and various local amenities. Perfect for both first-time buyers and seasoned investors, this property invites you to explore opportunities for customization and enhancement. Inside, the layout encompasses a welcoming reception room characterized by large windows that allow abundant natural light to fill the space. The attractive wood flooring adds warmth and charm, making it a pleasant environment for both relaxation and social gatherings. The kitchen is bright and spacious, providing an inviting atmosphere ideal for everyday cooking or entertaining guests. On the upper level, you will find two well-sized bedrooms. The main bedroom is a generous double, offering ample space for furnishings, while the second bedroom serves as a versatile single room, suitable for use as a child’s bedroom, home office, or guest accommodation. The bathroom features a free-standing bath, creating a serene retreat for unwinding after a long day. The property benefits from an outdoor garden space that adds valuable greenery and fresh air—perfect for gardening enthusiasts or those seeking a tranquil place to relax. Additionally, off-street parking at the rear increases convenience for residents and visitors alike. With its council tax band of C, this property strikes a balance between affordability and potential. Its prime location combined with appealing features positions it well for future appreciation in value. This home not only represents an excellent entry point into the housing market but also offers promising avenues for improvement and personalization. Early viewing is advisable to fully appreciate the possibilities this property holds.

Investment Analysis

(HP2 area)

Above Market Value

This property is priced +22.7% above area average per sq ft

+22.7%
This Property
£512/sq ft
Area Average
£417/sq ft
Avg Rent (weekly)
£351
Avg Yield
4.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Target Value
£246,558
10% above area average per sq ft
Potential ROI
-15.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (HP2)

Area prices are rising by +2.7% over the last 12 months
3 year growth: 2.6%
5 year growth: 18.4%
Investment Disclaimer: Analysis based on HP2 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

Crest Park, Hemel Hempstead, Hertfordshire, HP2
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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
£1,007
Based on a loan of £206,250 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