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Windmill Road, Hemel Hempstead, HP2

East of England

£400,000
Listed on 14/02/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
998 sqft

Description

This adaptable end-of-terrace property boasts 2 to 3 bedrooms and sits in a desirable and well-connected area. The home presents significant opportunities for enhancement, making it an appealing choice for families, investors, or anyone intent on increasing property value. The ground floor hosts a functional kitchen with fitted units, an oven and hob, as well as utility storage options. The adjoining living room features a charming fireplace and connects to a lean-to space that serves nicely for additional storage or seasonal relaxation. An existing side extension offers a third bedroom complete with an adjoining wet room, catering perfectly to guests or multi-generational living setups. The first floor comprises two spacious bedrooms along with a family bathroom and separate WC. A key highlight of this home is its considerable renovation potential; reimagining the current layout could easily facilitate an open-plan kitchen/diner that fosters a modern lifestyle. Additionally, subject to planning permission, there’s scope to expand upwards over the side extension for added space and value creation. The front garden is paved and has the possibility of off-road parking pending kerb drop authorization.

Investment Analysis

(HP2 area)

Below Market Value

This property is priced -3.6% below area average per sq ft

-3.6%
Potential saving
This Property
£401/sq ft
Area Average
£416/sq ft
Avg Rent (weekly)
£378
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£456,246
10% above area average per sq ft
Potential ROI
+3.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (HP2)

Area prices are rising by +2.7% over the last 12 months
3 year growth: +2.0%
5 year growth: +17.7%
Investment Disclaimer: Analysis based on HP2 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

Windmill Road, Hemel Hempstead, HP2
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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
£1,443
Based on a loan of £300,000 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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