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Grove Road, Hitchin SG5

East of England

£300,000

Listed on 15/06/2026

Property Details

Bedrooms
3
Type
Terraced
Area
904 sqft

Description

This mid-terrace Victorian property features three bedrooms and presents a significant opportunity for renovation and potential extension, subject to planning approvals. Conveniently located on a central road, it is within easy walking distance of the town centre, mainline station, reputable schools, and Bancroft Park. The home is in need of comprehensive refurbishment throughout, being sold as is without any structural surveys conducted. The sellers are looking for a buyer ready to move forward quickly with the exchange and completion process. Inside, the layout includes an entrance hall leading to two reception rooms, a kitchen, and a ground floor bathroom. Upstairs comprises three bedrooms that could be reconfigured or updated according to personal preference. The rear garden currently requires attention; it features an overgrown area with established shrubs and trees, providing ample space for landscaping improvements or outdoor enhancements. Grove Road is ideally positioned close to essential amenities and recreational spaces including Bancroft Park, Ransoms Park, and Cadwell Lane, making it suitable for families seeking an area with good schooling options.

Investment Analysis

(SG5 area)

Below Market Value

This property is priced -25.0% below area average per sq ft

-25.0%
Potential saving
This Property
£332/sq ft
Area Average
£442/sq ft
Avg Rent (weekly)
£372
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£439,724
10% above area average per sq ft
Potential ROI
+12.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (SG5)

Area prices are stable by -2.0% over the last 12 months
3 year growth: +2.1%
5 year growth: +7.3%
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

Grove Road, Hitchin SG5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,133
Based on a loan of £225,000 over 30 years at 4.45% 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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