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Common Rise, Hitchin

East of England

£300,000
Listed on 01/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This semi-detached property features three bedrooms and is situated within close proximity to Hitchin's town center and train station, making it an appealing choice for commuters and families alike. The home presents a significant opportunity for renovation and enhancement, allowing prospective buyers to tailor the space to their needs and preferences. As you enter, you'll find a welcoming entrance hall that leads to a light-filled lounge/diner with dual aspect windows, providing ample natural light throughout the day. The kitchen includes practical features such as space for essential appliances and an understairs storage cupboard, offering a solid foundation for modern updates. The bathroom, while functional, is ready for a refresh to align with contemporary standards. The first floor comprises three well-sized bedrooms, each with its own unique view of the surrounding area. Given the property's current condition, it requires complete refurbishment, making it ideal for those seeking a project that could significantly increase its value through thoughtful renovation. The outdoor space includes both front and rear gardens, which present further potential for landscaping or extension (subject to planning permissions). Located in one of Hitchin's sought-after neighborhoods, this property not only offers immediate access to local amenities but also holds promise as a solid investment for future appreciation once improvements are made. This property is being sold chain-free, streamlining the purchasing process and enabling buyers to focus on transforming this house into their dream home or an attractive rental opportunity.

Investment Analysis

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

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
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

Common Rise, 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
£1,099
Based on a loan of £225,000 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