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Watery Lane, Marsworth, Tring HP23 - Image 1
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Watery Lane, Marsworth, Tring HP23

East of England

£1,150,000
Listed on 24/09/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1842 sqft

Description

Nestled in the charming village of Marsworth, this detached Rothschild cottage presents a unique opportunity for those interested in property renovation and investment. Set on approximately half an acre, the home is ideally situated adjacent to the picturesque Grand Union Canal, offering both a serene environment and significant potential for development. The property features a traditional layout that includes an entrance porch leading into a welcoming hall with stairs to the first floor. The dual-aspect lounge is complemented by an inviting fireplace, while the dining room also boasts its own fireplace, creating cozy spaces for family gatherings. A study provides a versatile area that can be tailored to your needs, alongside a functional kitchen and boot room porch. The accommodation continues with three bedrooms and a family bathroom, plus an additional room in the eaves that offers creative possibilities, despite its limited headroom. Externally, the grounds are expansive and filled with mature gardens, featuring flower beds and a greenhouse along with a well that historically provided water to the cottage. A detached outbuilding divided into three sections adds extra utility to the property, whether for storage or conversion into additional living space (subject to planning permissions). Parking is ample with an extensive driveway accommodating several vehicles. Location-wise, this cottage benefits from being within walking distance of local amenities including the Red Lion pub—a historic gastro establishment—and nearby canal-side tea rooms. The surrounding countryside offers stunning views and outdoor activities. For those needing access to larger urban centers, Tring is just two miles away, providing essential shops and services, as well as excellent transport links such as regular bus services and a railway station with direct trains to London Euston in about 38 minutes. The proximity to major road networks further enhances its appeal for commuters. This property is not listed and therefore free from many restrictive regulations typical of heritage homes. This flexibility allows potential buyers substantial freedom to craft their vision for renovations or expansions (subject to necessary approvals). Overall, this cottage not only holds personal charm but also represents a promising investment opportunity in a desirable village setting.

Investment Analysis

(HP23 area)

Above Market Value

This property is priced +23.3% above area average per sq ft

+23.3%
This Property
£624/sq ft
Area Average
£506/sq ft
Avg Rent (weekly)
£334
Avg Yield
2.6%

Renovation Potential

Est. Renovation Cost
£115,000 - £287,500
10-25% of property value
Target Value
£1,025,662
10% above area average per sq ft
Potential ROI
-28.6%
After renovation
Monthly Sales
18
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (HP23)

Area prices are falling by +3.4% over the last 12 months
3 year growth: 2.2%
5 year growth: 12.5%
Investment Disclaimer: Analysis based on HP23 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Watery Lane, Marsworth, Tring HP23
Map showing location of Watery Lane, Marsworth, Tring HP23
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