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New Park Drive, Hemel Hempstead HP2

East of England

£487,500
Listed on 09/01/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
948 sqft

Description

Nestled in the sought-after locale of New Park Drive, Hemel Hempstead, this semi-detached home built in 1960 presents an excellent opportunity for both comfortable living and future enhancements. Offering approximately 1005 square feet of space, this property is thoughtfully laid out for family life while also holding considerable renovation potential.<br><br>Upon entry, you'll find a generously sized living room that serves as the ideal space for relaxation or social gatherings. Adjacent to this is a separate dining area, perfectly suited for hosting friends or enjoying family meals together. The kitchen is equipped with modern appliances and provides sufficient storage options, fostering a functional cooking environment.<br><br>The residence comprises three well-sized bedrooms—each providing a tranquil retreat. The contemporary family bathroom reflects both style and practicality, catering to the needs of all occupants. A spacious landing area contributes to the home's overall sense of lightness and openness.<br><br>One of the standout features is the expansive private rear garden, offering a serene setting for outdoor pursuits or gardening enthusiasts. Additional conveniences include off-street parking and a garage, enhancing everyday practicality.<br><br>With options to extend or refurbish (subject to planning permissions), this home allows for personalisation and optimisation of space according to individual tastes. The property comes with no onward chain, ensuring an efficient transition for prospective buyers. This house is more than just a dwelling; it’s a canvas ready for your vision to create lasting memories.

Investment Analysis

(HP2 area)

Above Market Value

This property is priced +23.7% above area average per sq ft

+23.7%
This Property
£514/sq ft
Area Average
£416/sq ft
Avg Rent (weekly)
£378
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£433,388
10% above area average per sq ft
Potential ROI
-17.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (HP2)

Area prices are rising by +2.7% over the last 12 months
3 year growth: +2.0%
5 year growth: +17.7%
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

New Park Drive, Hemel Hempstead HP2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,758
Based on a loan of £365,625 over 30 years at 4.06% 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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