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Market Place, Hitchin SG5

East of England

£175,000
Listed on 22/04/2026

Property Details

Bedrooms
2
Type
Maisonette
Area
490 sqft

Description

This is a unique opportunity to acquire a spacious two-bedroom maisonette located in the heart of Hitchin's lively town center, boasting impressive views over the historic market square. Occupying the first and second floors of an appealing period property, this maisonette is ripe for extensive renovation, making it an ideal project for those looking to personalize their living space or invest in a promising rental opportunity. The internal layout features an entrance hallway leading into a bright and sizeable living room, a separate kitchen area, a bathroom, and two generously sized double bedrooms on the upper level. With significant work needed throughout, this property offers ample scope for transformation while being situated in a prime location with beautifully proportioned period details. This offering is specifically available to cash buyers due to the required renovations. The lease length stands at 118 years with an annual ground rent of £200. Hitchin itself is steeped in history with its charming Tudor and Georgian architecture around the market square, alongside vibrant local amenities including shops, restaurants, theatres, and excellent schools.

Investment Analysis

(SG5 area)

Below Market Value

This property is priced -19.2% below area average per sq ft

-19.2%
Potential saving
This Property
£357/sq ft
Area Average
£442/sq ft
Avg Rent (weekly)
£349
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£238,265
10% above area average per sq ft
Potential ROI
+5.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (SG5)

Area prices are stable by +0.7% over the last 12 months
3 year growth: +4.4%
5 year growth: +8.6%
Investment Disclaimer: Analysis based on SG5 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

Market Place, Hitchin SG5
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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
£620
Based on a loan of £131,250 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.

Stamp Duty Calculator

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