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Hawkins Way, Bovingdon, Hemel Hempstead

East of England

£325,000
Listed on 23/01/2026

Property Details

Bedrooms
2
Type
Flat
Area
1750 sqft

Description

This detached property presents a unique investment opportunity, currently configured as a three-bedroom residence with a spacious open-plan kitchen and dining area, alongside practical ground floor utility facilities. Notably, two garages are under long-term lease, providing immediate rental income; however, the real potential lies in converting the remaining garage and ground floor space into a one-bedroom apartment, complementing the existing first-floor layout. This could significantly enhance the property's yield over time. The maisonette features generous living spaces including two double bedrooms each equipped with fitted wardrobes, a study area, and essential amenities like a shower room and separate WC. While some modernisation is recommended to boost its appeal and functionality, there's ample scope for renovation and even expansion (subject to planning) which makes this property particularly enticing for those looking to add value or customise their living environment. Bovingdon offers an array of local amenities and excellent transport links to London, making it an attractive locale for both tenants and future buyers.

Investment Analysis

(HP3 area)

Below Market Value

This property is priced -59.5% below area average per sq ft

-59.5%
Potential saving
This Property
£186/sq ft
Area Average
£458/sq ft
Avg Rent (weekly)
£362
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£881,650
10% above area average per sq ft
Potential ROI
+135.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (HP3)

Area prices are stable by +1.4% over the last 12 months
3 year growth: +1.6%
5 year growth: +15.5%
Investment Disclaimer: Analysis based on HP3 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

Hawkins Way, Bovingdon, Hemel Hempstead
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,172
Based on a loan of £243,750 over 30 years at 4.06% 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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