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Windmill Road, Hemel Hempstead HP2 - Image 1
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Windmill Road, Hemel Hempstead HP2

East of England

£400,000
Listed on 16/03/2026

Property Details

Bedrooms
2
Type
End Terrace
Area
998 sqft

Description

This end-of-terrace property presents a remarkable opportunity for those looking to invest or create their ideal home. With current configurations offering two to three bedrooms, the layout is highly adaptable, making it suitable for families or investors keen on maximizing potential value. The spacious ground floor features a functional kitchen equipped with built-in appliances and ample storage, leading to a garden area perfect for outdoor activities. A cozy living room, characterized by a charming fireplace, connects to a useful lean-to that can serve as extra storage or an inviting seasonal nook. The existing side extension houses a third bedroom complete with an adjoining wet room, making it particularly appealing for guests or multigenerational scenarios. Upstairs hosts two sizeable bedrooms alongside a family bathroom and separate WC. A key highlight of this property is its renovation and extension potential. The possibility exists to reconfigure the kitchen into an expansive open-plan kitchen/diner, significantly modernizing the ground floor layout and enhancing functionality. Furthermore, subject to planning approval, there's potential for adding a second storey over the side extension—a move that could notably increase both space and market value. The front garden currently paved also holds possibilities for off-road parking pending necessary permissions. Located in a highly desirable neighborhood with access to reputable schools and local amenities, this property is conveniently positioned for commuting via major road networks such as the M1 and M25.

Investment Analysis

(HP2 area)

Below Market Value

This property is priced -4.6% below area average per sq ft

-4.6%
Potential saving
This Property
£401/sq ft
Area Average
£420/sq ft
Avg Rent (weekly)
£329
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£461,296
10% above area average per sq ft
Potential ROI
+4.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (HP2)

Area prices are rising by +2.7% over the last 12 months
3 year growth: +0.6%
5 year growth: +12.9%
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

Windmill Road, Hemel Hempstead HP2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,417
Based on a loan of £300,000 over 30 years at 3.91% 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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