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High Street, Old Town, Hemel Hempstead, Hertfordshire, HP1 3AQ - Image 1
High Street, Old Town, Hemel Hempstead, Hertfordshire, HP1 3AQ - Image 2
High Street, Old Town, Hemel Hempstead, Hertfordshire, HP1 3AQ - Image 3
High Street, Old Town, Hemel Hempstead, Hertfordshire, HP1 3AQ - Image 4
High Street, Old Town, Hemel Hempstead, Hertfordshire, HP1 3AQ - Image 5
High Street, Old Town, Hemel Hempstead, Hertfordshire, HP1 3AQ - Image 6
High Street, Old Town, Hemel Hempstead, Hertfordshire, HP1 3AQ - Image 7
High Street, Old Town, Hemel Hempstead, Hertfordshire, HP1 3AQ - Image 8
High Street, Old Town, Hemel Hempstead, Hertfordshire, HP1 3AQ - Image 9
High Street, Old Town, Hemel Hempstead, Hertfordshire, HP1 3AQ - Image 10
High Street, Old Town, Hemel Hempstead, Hertfordshire, HP1 3AQ - Image 11
High Street, Old Town, Hemel Hempstead, Hertfordshire, HP1 3AQ - Image 12
High Street, Old Town, Hemel Hempstead, Hertfordshire, HP1 3AQ - Image 13
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High Street, Old Town, Hemel Hempstead, Hertfordshire, HP1 3AQ

East of England

£395,000

Listed on 18/06/2026

Property Details

Bedrooms
4
Type
End Of Terrace
Area
1600 sqft

Description

This four-bedroom end-of-terrace property, situated in the historic Old Town of Hemel Hempstead, presents a unique opportunity for renovation enthusiasts and investors alike. Spanning approximately 1600 sqft, including a basement, the grade II listed building is currently in need of substantial modernization to unlock its full potential. The layout features a welcoming entrance hallway, a spacious living room, and a kitchen that leads into a WC. The split-level design accommodates four bedrooms and a family bathroom, offering ample space for reconfiguration. Additionally, the exterior boasts a low-maintenance rear garden with shared access for residents. It's important to note that this property is classified as mixed-use commercial with residential elements; thus, obtaining necessary permissions for full residential conversion will be essential. This investment could yield significant returns given its historical character and prime location.

Investment Analysis

(HP1 area)

Below Market Value

This property is priced -46.6% below area average per sq ft

-46.6%
Potential saving
This Property
£247/sq ft
Area Average
£462/sq ft
Avg Rent (weekly)
£353
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£813,384
10% above area average per sq ft
Potential ROI
+57.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (HP1)

Area prices are stable by -1.8% over the last 12 months
3 year growth: +3.0%
5 year growth: +1.5%
Investment Disclaimer: Analysis based on HP1 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

High Street, Old Town, Hemel Hempstead, Hertfordshire, HP1 3AQ
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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
£1,492
Based on a loan of £296,250 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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