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Grays Lane, Hitchin

East of England

£575,000
Listed on 18/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1269 sqft

Description

Nestled in a sought-after area of west Hitchin, this three-bedroom semi-detached home presents a unique opportunity for renovation and investment. Its prime location offers convenient access to local schools, including Samuel Lucas, as well as the bustling town center and extensive countryside, making it ideal for both families and outdoor enthusiasts. This property boasts ample parking with space for two to three vehicles on the driveway, complemented by a carport and garage. Inside, the layout features a spacious entrance hall that leads to a sitting room, where you might uncover parquet flooring beneath the existing carpet. The living room also includes a central fireplace and windows at both the front and rear that fill the space with natural light. The kitchen is functional but basic, equipped with a range of floor and wall units, work surfaces, and access to both the side covered area and garage. A ground floor cloakroom adds convenience for guests. Upstairs, you will find three generous bedrooms that provide plenty of space for family or visitors. Each bedroom features built-in wardrobes or storage solutions. The bathroom comes with essential fittings including a bath, washbasin, and WC, presenting another chance for enhancement during renovations. The loft area offers further potential; with sufficient height for conversion (subject to planning permission), it could be transformed into additional living space or storage. While some updating is needed throughout the home, its solid structure presents an exciting canvas for investors or homeowners looking to customize their living environment. The front garden is mainly laid to lawn and has direct access via a storm porch. Residents benefit from permit parking on the street alongside private off-road parking options. In summary, this property not only provides immediate livability but also holds significant renovation potential in a desirable location. Whether you're looking to invest or create your ideal home through updates and personal touches, this property offers an attractive opportunity in Hitchin's competitive real estate market.

Investment Analysis

(SG5 area)

Above Market Value

This property is priced +3.1% above area average per sq ft

+3.1%
This Property
£453/sq ft
Area Average
£440/sq ft
Avg Rent (weekly)
£321
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£613,638
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
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

Grays Lane, 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
£2,106
Based on a loan of £431,250 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