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Marshgate Drive, Hertford, SG13

East of England

£475,000
Listed on 01/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
887 sqft

Description

This Victorian terrace home presents a compelling opportunity for renovation and investment within the highly regarded town of Hertford. The property features three bedrooms, with accommodation spread across three levels, making it a versatile space that can be tailored to various needs. Upon entry, you are greeted by a spacious dining area that not only serves as an inviting reception space but also offers potential as a home office or playroom. Its original character is complemented by neutral decor and charming elements such as a wrought-iron fireplace and wood flooring. Further into the home, the comfortable living room benefits from thoughtful design choices, including plush carpeting and ample natural light from its rear-facing window. This room could easily function as a third bedroom if needed, showcasing the flexibility inherent in this layout. The kitchen/breakfast room is located on the lower level and has been thoughtfully designed with exposed brick walls that add to its character. It provides a generous area for cooking and dining, complete with modern conveniences and sufficient space for appliances. There is direct access to the garden from this area, enhancing outdoor connectivity. The first floor includes two well-proportioned bedrooms along with a family bathroom equipped with essential amenities. Each space reflects the potential for further enhancements that could significantly increase value. Outside, the enclosed garden is a noteworthy feature, providing ample space for relaxation or entertaining. Currently laid out with lawn and raised decking areas, this outdoor space invites creativity—allowing future owners to customize it according to their preferences. Situated in Hertford, a historic market town known for its vibrant community atmosphere and rich history dating back to around the 7th century, this property benefits from excellent local amenities. The bustling high street boasts over 200 shops alongside numerous cafes and restaurants offering diverse culinary options. Accessibility to London is another significant advantage; commuters can take advantage of nearby train stations that provide quick routes into central London. Educational facilities are highly regarded in this area, making it attractive for families seeking quality schooling options ranging from primary through secondary levels. This property not only offers immediate potential as a residential home but also presents opportunities for renovation that could enhance its appeal in this sought-after location. With careful updates and personal touches, it stands poised to become an even more valuable asset within Hertford’s thriving market.

Investment Analysis

(SG13 area)

Above Market Value

This property is priced +7.5% above area average per sq ft

+7.5%
This Property
£536/sq ft
Area Average
£498/sq ft
Avg Rent (weekly)
£417
Avg Yield
4.6%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£485,899
10% above area average per sq ft
Potential ROI
-1.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (SG13)

Area prices are falling by +6.2% over the last 12 months
3 year growth: 5.2%
5 year growth: 11.9%
Investment Disclaimer: Analysis based on SG13 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

Marshgate Drive, Hertford, SG13
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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
£1,740
Based on a loan of £356,250 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