Bridge Street, HEMEL HEMPSTEAD
East of England
£60,000Guide Price
Listed on 31/10/2026
Listed on 31/10/2026
The listing
Property details
Bedrooms
3Type
FlatArea
700 sqftFeatures
- Balcony
Description
Offered at auction, this vacant third-floor leasehold flat in central Hemel Hempstead has three bedrooms and approximately 700 sq. ft. of accommodation. The layout comprises an entrance hall, three bedrooms, a bathroom with WC, and an open-plan reception room with kitchen and access to a private balcony. The property requires refurbishment and modernisation, providing scope to update the accommodation. The lease is for 125 years from 4 July 1986. Hemel Hempstead’s shops and leisure facilities are nearby, with road links via the M1 and A41 and rail services to London Euston. The EPC rating is D and the council tax band is B.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
70out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £60,000, this three-bedroom flat is exceptionally cheap against the local average: about £86 per sq ft versus £460. The listing describes a third-floor home of around 700 sq ft with a private balcony and open-plan reception/kitchen, offering a strong starting point for someone looking to acquire at a low entry price and add value through a substantial modernisation. The auction guide is not a guaranteed final price: bidding can take the hammer above it, so the eventual price may not stay this cheap.
The pictured interiors show worn flooring and dated finishes, with wall staining in places and a weathered-looking reception-room window assembly that merits inspection. The visible kitchen section also has basic older units. This is a meaningful improvement project, but the three-bedroom layout and balcony give the finished home useful appeal.
Key opportunities
- The three-bedroom layout and open-plan reception/kitchen provide a clear canvas to refresh the finishes and make the living space feel more contemporary.
- A private balcony adds useful outdoor space and a distinctive selling point for a flat.
- The visible older kitchen units, worn flooring and dated finishes create scope for a coordinated interior upgrade.
Key risks
- Worn finishes and flooring, wall staining in places, and the weathered-looking reception window assembly make this a substantial multi-room programme rather than a cosmetic refresh; allow time and budget for inspection, repairs and a full modernisation.
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Transport
Nearest stations
Hemel Hempstead Rail Station
1.0 miles
Train · Hemel Hempstead
Apsley Rail Station
1.4 miles
Train · Apsley
Kings Langley Rail Station
3.4 miles
Train · Kings Langley
Berkhamsted Rail Station
3.9 miles
Train · Berkhamsted
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£245
Based on a loan of £45,000 over 30 years at 5.13% 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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