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Grove Road, Hitchin, SG5

East of England

£300,000

Listed on 30/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
909 sqft

Description

This three-bedroom Victorian mid-terrace home presents a significant opportunity for those looking to invest in a property with potential for extensive renovation and possible extension, pending necessary planning permissions. Ideally placed on a central road, it is within walking distance to the town centre, mainline station, esteemed schools, and Bancroft Park. The home is offered as-is, requiring comprehensive refurbishment throughout with no structural surveys having been completed. It's chain-free, making it accessible for buyers ready to move forward expeditiously to exchange and completion. Inside, you’ll find an entrance hall that leads to two reception rooms, a kitchen, and a ground floor bathroom. The first floor accommodates three bedrooms. Outdoors, the rear garden is currently in a state of overgrowth but includes an area of lawn alongside various mature shrubs and trees—providing ample opportunity for landscaping and improvement. Grove Road is well-positioned close to local amenities and transport links while residing within the catchment area of some highly-regarded schools. Nearby recreational spaces such as Bancroft, Ransoms, and Cadwell Lane enhance its appeal for family living.

Investment Analysis

(SG5 area)

Below Market Value

This property is priced -25.4% below area average per sq ft

-25.4%
Potential saving
This Property
£330/sq ft
Area Average
£442/sq ft
Avg Rent (weekly)
£372
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £75,000
Target Value
£442,156
10% above area average per sq ft
Potential ROI
+17.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (SG5)

Area prices are stable by -2.0% over the last 12 months
3 year growth: +2.1%
5 year growth: +7.3%
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

Grove Road, Hitchin, SG5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,133
Based on a loan of £225,000 over 30 years at 4.45% 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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