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Old Lane, Knebworth, Hertfordshire, SG3 - Image 1
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Old Lane, Knebworth, Hertfordshire, SG3

East of England

£1,000,000
Listed on 06/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1823 sqft

Description

This detached four-bedroom home offers significant renovation and investment potential in a desirable location on the outskirts of Knebworth village. While it is conveniently close to the High Street and mainline railway station, the property is set within approximately one-third of an acre of mature gardens, providing a private and tranquil setting. The house spans 1,823 square feet (169.4 square meters) and features a central entrance hall that leads to various reception areas, including a double aspect lounge with a fireplace and French doors opening onto the garden. The dining room also boasts a fireplace, while the kitchen/breakfast room offers ample space for culinary activities. A family room or home office with an additional fireplace (currently not in use), along with practical spaces like a cloakroom, pantry, and storeroom, complete the ground floor layout. Much of the original parquet flooring still remains intact across these areas, enhancing the home's character. Upstairs, you will find four generously sized double bedrooms and a family bathroom. Although well-maintained by the current owner for several decades, there exists tremendous scope for modernization and expansion, subject to planning permission and building regulations. The grounds are characterized by mature boundaries adorned with various trees, shrubs, and hedges. A driveway accessed through a five-bar gate provides parking for multiple vehicles and leads to a detached garage. Knebworth offers a vibrant atmosphere with essential amenities on its bustling High Street, including shops for daily necessities such as a chemist, post office, doctors’ surgery, dental services, convenience store, restaurants, cafes, and schools. The local community is further enriched by recreational facilities including golf clubs and sports courts. Transportation links are convenient; Stansted Airport is 28 miles away while Luton Airport is only 13 miles distant. Nearby towns include Welwyn Garden City at 6 miles and Hertford at 8.5 miles. The area is also part of ongoing proposed developments outlined in the current local plan—additional details can be found on the North Herts District Council website. In summary, this property presents an excellent opportunity not only as a family home but also as an investment project in an area poised for growth.

Investment Analysis

(SG3 area)

Above Market Value

This property is priced +18.1% above area average per sq ft

+18.1%
This Property
£549/sq ft
Area Average
£464/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£931,261
10% above area average per sq ft
Potential ROI
-13.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (SG3)

Area prices are rising by +6.0% over the last 12 months
3 year growth: 10.3%
5 year growth: 29.1%
Investment Disclaimer: Analysis based on SG3 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

Old Lane, Knebworth, Hertfordshire, SG3
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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
£3,663
Based on a loan of £750,000 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