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Gravel Path, Berkhamsted, Hertfordshire HP4

East of England

£750,000
Listed on 10/02/2026

Property Details

Bedrooms
4
Type
Semi-detached house
Area
2098 sqft

Description

This distinctive Victorian building, formerly known as Eastwoods Butchers, offers a unique opportunity to reshape an iconic structure within the town’s Conservation Area. Positioned along Gravel Path, this property presents a versatile canvas for thoughtful redevelopment and modern interpretation. With planning permission granted for a change of use from Class E (commercial) to residential, the potential to transform this site into two three-storey, three-bedroom homes is substantial. Alternatively, the design can be adapted to create a spacious single residence that reflects personal taste and vision. Currently comprising two main floors and a sizeable cellar, the building also boasts a rear garden providing valuable outdoor space. The approved architectural plans include utilizing the loft area to add a third level of living space, further enhancing the already impressive vertical capacity of this property. Located just moments from the scenic canal and within convenient reach of local amenities such as the railway station and schools, this property strikes an excellent balance between historic charm and modern connectivity. This is not merely a renovation project; it represents an exceptional chance to take ownership of a cherished landmark while contributing to the character of the neighborhood with an innovative home design.

Investment Analysis

(HP4 area)

Below Market Value

This property is priced -39.2% below area average per sq ft

-39.2%
Potential saving
This Property
£357/sq ft
Area Average
£588/sq ft
Avg Rent (weekly)
£372
Avg Yield
2.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£1,356,871
10% above area average per sq ft
Potential ROI
+50.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (HP4)

Area prices are falling by -5.3% over the last 12 months
3 year growth: -5.6%
5 year growth: -5.3%
Investment Disclaimer: Analysis based on HP4 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

Gravel Path, Berkhamsted, Hertfordshire HP4
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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
£2,705
Based on a loan of £562,500 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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