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Herbert Street, Hemel Hempstead, HP2

East of England

£325,000
Listed on 13/03/2026

Property Details

Bedrooms
2
Type
Detached house
Area
620 sqft

Description

Nestled in a desirable residential area of Hemel Hempstead Old Town, this charming two-bedroom cottage holds significant renovation potential for those looking to transform it into a personalised haven. The property boasts two generously sized reception rooms that provide flexible options for living and dining arrangements, making them ideal spaces to enhance with your own style. At the rear, a kitchen opens up to a quaint cottage garden, creating an inviting outdoor space perfect for relaxation or gatherings. The upper level hosts two bedrooms alongside a family bathroom. While the home is in need of some updates, it has recently benefited from a new slate roof, ensuring structural integrity as you make aesthetic improvements. This property presents an excellent canvas for renovation while preserving its historical character. With the added advantage of being chain free, this cottage is positioned just moments away from the vibrant atmosphere of Old Town’s boutiques, cafés, and restaurants—an appealing combination of charm, convenience, and community spirit.

Investment Analysis

(HP2 area)

Above Market Value

This property is priced +25.2% above area average per sq ft

+25.2%
This Property
£524/sq ft
Area Average
£419/sq ft
Avg Rent (weekly)
£357
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£285,588
10% above area average per sq ft
Potential ROI
-20.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (HP2)

Area prices are rising by +3.5% over the last 12 months
3 year growth: +2.4%
5 year growth: +16.3%
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

Herbert Street, 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
£1,172
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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