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High Street, Old Town, Hemel Hempstead, Hertfordshire HP1 - Image 1
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High Street, Old Town, Hemel Hempstead, Hertfordshire HP1

East of England

£395,000

Listed on 26/06/2026

Property details

Bedrooms
4
Type
End Terrace
Area
1600 sqft

Description

This four-bedroom end-of-terrace character property is located in the historic Old Town of Hemel Hempstead and offers a unique opportunity for renovation enthusiasts or investors. Currently spanning approximately 1600 sqft, including a basement, this Grade II listed building requires significant modernization throughout to unlock its full potential. The layout features an entrance hallway, a living room, a kitchen, a w/c, four bedrooms arranged over split levels, and a family bathroom. Additionally, there is a low-maintenance rear garden with resident access rights. Notably, the property is classified as mixed-use commercial with residential elements, necessitating a change of use to transform it fully into residential accommodation. This presents a lucrative investment opportunity in a sought-after area with historical significance.

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Investment analysis

(HP1 area)

Below Market Value

This property is priced -46.6% below area average per sq ft

-46.6%
Potential saving
This Property
£247/sq ft
Area Average
£462/sq ft
Avg Rent (weekly)
£353
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£813,384
10% above area average per sq ft
Potential ROI
+67.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (HP1)

Area prices are stable by -1.8% over the last 12 months
3 year growth: +3.0%
5 year growth: +1.5%
Investment Disclaimer: Analysis based on HP1 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

High Street, Old Town, Hemel Hempstead, Hertfordshire HP1
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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
£1,492
Based on a loan of £296,250 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.

Stamp duty calculator

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