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Old Park Road, Hitchin

East of England

£500,000
Listed on 06/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This three-bedroom semi-detached house presents a promising opportunity for renovation and investment, ideally located in the center of Hitchin. With its proximity to local amenities, including shops, cafes, and public transport links, this property is well-positioned for those looking to capitalize on the vibrant lifestyle the area offers. Inside, the home features two reception rooms that provide a versatile living space. The lounge, illuminated by a double-glazed bay window, includes charming details such as a gas fireplace. The adjacent dining room boasts ample space and an understairs storage area. The kitchen is functional but could benefit from modernization; it is fitted with wall and base units and provides flexibility for future upgrades or reconfiguration. A conservatory extends from the kitchen, offering potential for further enhancement or integration with outdoor spaces. Upstairs, you'll find three well-sized bedrooms that can be tailored to individual needs—additional work may unlock even more value here. The family bathroom is equipped with basic amenities yet represents another area ripe for updating. Externally, the property includes off-street parking and a rear garden that features both lawned and patio areas. This outdoor space also has potential for landscaping or development to enhance usability. The home’s location is particularly advantageous: just a short walk from Hitchin town center and its train station ensures easy commuting options while excellent local schools nearby make it appealing for families. With renovation plans subject to usual planning permissions (STPP), this property not only provides immediate comfort but also long-term investment potential in an ever-desirable neighborhood.

Investment Analysis

(SG5 area)
Area Average
£440/sq ft
Avg Rent (weekly)
£321
Avg Yield
3.9%

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
28
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (SG5)

Area prices are stable by +1.8% over the last 12 months
3 year growth: 5.4%
5 year growth: 9.4%
Investment Disclaimer: Analysis based on SG5 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 Park Road, Hitchin
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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
£1,832
Based on a loan of £375,000 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