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Fairfield Way, Hitchin, SG4

East of England

£340,000
Listed on 06/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This three-bedroom semi-detached house is situated in a desirable area of Hitchin, presenting a noteworthy opportunity for renovation and investment. While the property requires modernisation throughout, it features a practical layout that includes a kitchen, separate utility room, and a living room on the ground floor. The first floor accommodates three bedrooms alongside a family bathroom, making it ideal for families or as a rental unit. The outdoor space is particularly generous, featuring an enclosed rear garden and an outbuilding, which offers potential for additional storage or even conversion into a small workspace. This property is categorized as non-traditional Pre-Reinforced Concrete Construction, which may require specific considerations for financing and renovations. Located in the historic market town of Hitchin, the property benefits from proximity to local amenities and attractions. The area boasts charming Tudor and Georgian architecture around its bustling market square, alongside the notable parish church of St Mary. Residents enjoy access to diverse shopping options, recreational facilities such as a swimming pool and sports teams, two theatres, numerous dining establishments, and esteemed schools catering to both boys and girls. Additionally, the mainline railway station provides convenient transport links to Kings Cross and Cambridge. This property represents an appealing investment possibility for those looking to customize their home or enhance its market value through strategic renovations. As part of a stock transfer from North Herts District Council in 2003, it is subject to certain conditions including an overage agreement with the Council. Interested parties should prepare for potential obligations at completion. Given the requirements surrounding offers and negotiations—such as submitting written proposals within specified parameters—prospective buyers are encouraged to conduct thorough due diligence prior to engagement. This unique property blends renovation potential with a prime location in Hitchin's vibrant community.

Investment Analysis

(SG4 area)
Area Average
£492/sq ft
Avg Rent (weekly)
£314
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (SG4)

Area prices are falling by +5.4% over the last 12 months
3 year growth: 0.5%
5 year growth: 8.6%
Investment Disclaimer: Analysis based on SG4 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

Fairfield Way, Hitchin, SG4
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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
£1,246
Based on a loan of £255,000 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