[en] Species arising from Fe(II) hydrolysis in aqueous solution have been investigated using density-functional methods (DFT). The different tautomers and multiplicities of each species have been calculated. The solvation energy has been estimated using the UAHF-PCM method. The hydrolysis free energies have been estimated and compared with the available experimental data. The different hydrolysis species have distinct geometries and electronic structures. The estimated ionization potential of the hydrolyzed species is linearly dependent to the number of hydroxyls present in the complex. The estimated Fe(II)/Fe(III) oxidation potential is in good agreement with previously published results about 0.29 V larger than the experimental value. The results highlight the importance of the chemical speciation in describing electron transfer processes at a molecular level. The PBE/TZVP/UAHF-PCM method has been found to describe correctly the hydrolysis free energies of Fe(II) with an average error about 5 kcal mol^-1 from the experimental values