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Market Place, Hitchin, SG5

East of England

£175,000
Listed on 15/04/2026

Property Details

Bedrooms
2
Type
Maisonette
Area
490 sqft

Description

This sizeable two-bedroom maisonette, located in the heart of Hitchin, presents a unique opportunity for cash buyers seeking a renovation project with substantial investment potential. Occupying the first and second floors of an elegant period building, this property boasts an excellent layout and exceptional views over the historic market square. Although it requires comprehensive refurbishment throughout, it provides an ideal canvas for those looking to craft a personalized living space or rental unit. The accommodation consists of an entrance hallway leading to a spacious and light-filled living room, a separate kitchen area, a bathroom, and two generously proportioned double bedrooms on the upper level. With its prime central location and charming period features, this maisonette is positioned for transformation into a desirable home or investment property. The remaining lease of 118 years adds further appeal to discerning buyers as they consider this renovation opportunity.

Investment Analysis

(SG5 area)

Below Market Value

This property is priced -19.2% below area average per sq ft

-19.2%
Potential saving
This Property
£357/sq ft
Area Average
£442/sq ft
Avg Rent (weekly)
£349
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£238,265
10% above area average per sq ft
Potential ROI
+5.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (SG5)

Area prices are stable by +0.7% over the last 12 months
3 year growth: +4.4%
5 year growth: +8.6%
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

Market Place, Hitchin, SG5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£620
Based on a loan of £131,250 over 30 years at 3.91% 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.

Stamp Duty Calculator

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