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Nicholas Way, Hemel Hempstead, HP2

East of England

£675,000

Listed on 15/07/2026

Property details

Bedrooms
3
Type
Detached
Area
1362 sqft

Description

Nestled in the highly sought-after Nicholas Way, adjacent to the prestigious Highfield Lane, this detached family home presents a unique opportunity for renovation and investment in one of Hemel Hempstead's prime residential areas. Properties in this location are scarce, making this a noteworthy find for families looking to establish themselves in a well-connected community. This home boasts thoughtfully planned spaces with potential for modern updates or extensions, allowing for personal customization and future value appreciation. Upon entering, you're greeted by a welcoming hallway leading to a spacious lounge that offers ample room for relaxation and social gatherings. The kitchen/breakfast area is well-equipped and serves as the core of the home, complemented by a separate utility area and useful storeroom, alongside a convenient ground-floor WC and covered garage. The upper floor features three generous double bedrooms, including an impressive principal suite that shares access to a modern family bathroom furnished with a walk-in shower. Externally, the private rear garden provides an excellent venue for children’s play or summer entertaining while offering significant opportunities for enhancement. With its sizeable driveway and garage permitting excellent parking solutions and storage options, this property is ideally located near reputable schools, local shops, parks, leisure facilities, and idyllic countryside walks. Hemel Hempstead Station allows swift links to London Euston while providing easy access to the M1 and M25. This property combines significant living space with outstanding potential—early viewing is encouraged to recognize its full capabilities.

Investment analysis

(HP2 area)

Above Market Value

This property is priced +18.5% above area average per sq ft

+18.5%
This Property
£496/sq ft
Area Average
£418/sq ft
Avg Rent (weekly)
£346
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£626,397
10% above area average per sq ft
Potential ROI
-14.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (HP2)

Area prices are stable by +1.9% over the last 12 months
3 year growth: -0.6%
5 year growth: +9.4%
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

Nicholas Way, Hemel Hempstead, HP2
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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
£2,550
Based on a loan of £506,250 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.

Stamp duty calculator

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