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New Park Drive, Hemel Hempstead, HP2

East of England

£500,000
Listed on 29/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
948 sqft

Description

Nestled in the sought-after New Park Drive area of Hemel Hempstead, this semi-detached house presents a blend of comfortable living and significant renovation potential. Originally constructed in 1960, the property spans approximately 1005 square feet, offering a functional layout that caters well to family life. The entrance opens into a generously sized living room, creating an inviting atmosphere for relaxation and socializing. Adjacent to this space is a separate dining area, which provides a great setting for hosting gatherings or enjoying family meals. The kitchen features modern appliances and ample storage, making it convenient for everyday cooking while allowing room for future updates or expansions. This home includes three spacious bedrooms that serve as tranquil retreats, complemented by a family bathroom designed with practicality in mind. A large landing area enhances the overall sense of light and openness throughout the property. The outdoor space is one of the property's standout features. A mature rear garden offers plenty of room for gardening or recreational activities, providing a peaceful retreat just outside your door. Practical elements such as off-street parking and an external garage add to everyday convenience. For those looking to invest further into this property, there is notable potential for extension or reconfiguration, subject to obtaining planning permission. This flexibility allows you to tailor the home to better suit your lifestyle needs. Additionally, the complete upper chain facilitates a straightforward transition for buyers ready to make this house their own.

Investment Analysis

(HP2 area)

Above Market Value

This property is priced +26.4% above area average per sq ft

+26.4%
This Property
£527/sq ft
Area Average
£417/sq ft
Avg Rent (weekly)
£351
Avg Yield
4.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£435,265
10% above area average per sq ft
Potential ROI
-16.3%
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

New Park Drive, Hemel Hempstead, 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
£1,832
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