The Hertford Loop is my local line.
Excuse me if this has come up before and I did not find it.
I see the discussion of loops at Gordon Hill. Would it help to add loops at Hertford North? The land to the south is already railway land. To the north it is floodplain, no housing, so with care could be built across.
On that basis, platform 3 could be extended into a loop. What would be platform 0, for the other loop, already exists, though never used. (It is visible through the current fence.)
Between Hertford North and Molewood Tunnel heading north, you have said floodplain on your right and allotments on your left plus there is a neutral section half way between the station and the tunnel so not sure how this would work with loops there especially if trains have to actually stop in the loops without getting gapped.
Before any work would be able to go ahead, the bridge at the north end of the station would have to be replaced and widen to enable even the platforms to be extended let allow Platform 3 to become the Down Loop and have a Up Loop use the disused platform on the other side of Platform 1.
The other thing as well is the fact that a lot of work would have to be done to make it even possible to consider using the disused platform face, I'm sure there's a much more important item to bring to the attention of these in power and that's to build a lift on Platform 1 so all three platforms offer step free access from street level to platforms.
Regards to Platform 1, it can be extended southbound without needing much in the way of engineering works other then a ready made platform solution to extend it only a few feet to enable it to take 8 car trains.
One alternative location to having loops is at Watton At Stone as it's the half way point in the section between Stevenage and Hertford North, it's also worth considering having loops there because of the very long signal sections between Stevenage and Hertford North which makes it less appealing to the TOCs/OACs/FOCs when they have to use the route.
Least this way, it would help break up the long signal sections and would enable more trains to get though the section.