Nanofluids, promising to improve heat transfer efficiency, encounter stability and durability challenges, hindering their industrial applications. The emerging concept of hybrid nanofluids, alongside surfactant-driven stability research, presents a promising solution to tackle challenges in heat transfer, potentially revolutionizing thermal management systems and advancing nanomaterial science. This comprehensive study investigates the thermophysical properties of simple and hybrid nanofluid formulations composed of silver (Ag), beryllium oxide (BeO), and silicon carbide (SiC) nanoparticles dispersed in water. Hybrid nanofluids were prepared with varying volumetric ratios of 20:80, 40:60, 60:40, and 80:20 and examined across temperatures ranging from 15 to 45 °C. The influence of surfactants on stability was explored to augment thermal characteristics. Results revealed that the surfactants have a significant effect on stability and the specific mixing ratios can lead to more favourable thermal characteristics. Thermal conductivity enhancements, evaluated via the transient hot-wire method, demonstrated improvements of 7.43 %, 7.17 %, and 5.31 % for Ag/SiC (60:40), Ag/BeO (60:40), and SiC/BeO (80:20) hybrid nanofluids, respectively, compared to water. Viscosity measurements revealed Newtonian behaviour for the Ag, SiC, and BeO nanofluids, with a minimum viscosity enhancement of 3.01 % observed for the BeO nanofluid. Hybrid Ag/SiC nanofluid demonstrated a maximum viscosity enhancement of 4.90 % for 20:80 formulation. Density analysis showed maximum augmentation of 0.25 %, 0.097 %, and 0.0775 % for the Ag, SiC, and BeO nanofluids respectively at 0.025 vol% while hybrid Ag/SiC nanofluid exhibited a maximum of 0.23 % density increase for the 80:20 composition. The statistical models were also developed to predict properties against temperature. Furthermore, the cost analysis identified Ag nanofluid as the most expensive option, while the SiC/BeO hybrid was the most economical. However, the Ag-SiC (60:40) hybrid nanofluid offered a balanced trade-off between properties and cost.