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Summerhouse Lane, Aldenham, Hertfordshire, WD25

London

£1,975,000
Listed on 10/10/2024

Property Details

Bedrooms
5
Type
Detached house
Area
3582 sqft

Description

This unique property, originally comprised of six Almshouses, presents an exceptional opportunity for those interested in a home with substantial renovation and investment potential. Set on an expansive plot of approximately 1.042 acres, the grounds provide ample space for outdoor activities and further development possibilities. The residence boasts around 3,600 square feet of living space, featuring a spacious entrance hall that leads to a generous reception area. The open-plan kitchen and dining/family room create a welcoming atmosphere for family gatherings and entertaining. Additional practical spaces include a utility room and guest cloakroom. Upstairs, the principal bedroom benefits from a dressing room and en suite bathroom, while four more double bedrooms are complemented by a family bathroom. A notable feature of the property is the detached double garage accessed via its own driveway. This versatile space can easily be repurposed as a gym, studio, or even an independent living area for guests or extended family members. The gardens are well-maintained and predominantly laid to lawn, featuring an expansive terrace that overlooks picturesque greenbelt farmland—ideal for enjoying tranquil views or hosting outdoor events. Located between Radlett and Watford in the village of Aldenham, this property offers convenient access to major roadways such as the M1, A41, and M25, facilitating easy commutes to both London and several airports. The nearby Thameslink station provides swift rail connections to central London in under thirty minutes. In addition, Aldenham is known for its excellent educational institutions, both state and private. This property is not just a residence but also an investment with significant potential for future enhancements or extensions subject to the usual consents—making it an ideal choice for those looking to create their dream home while benefiting from solid investment prospects in a desirable community.

Investment Analysis

(WD25 area)

Above Market Value

This property is priced +13.0% above area average per sq ft

+13.0%
This Property
£551/sq ft
Area Average
£488/sq ft
Avg Rent (weekly)
£397
Avg Yield
3.8%

Renovation Potential

Est. Renovation Cost
£197,500 - £493,750
10-25% of property value
Target Value
£1,923,409
10% above area average per sq ft
Potential ROI
-22.1%
After renovation
Monthly Sales
9
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (WD25)

Area prices are rising by +4.7% over the last 12 months
3 year growth: 7.8%
5 year growth: 16.6%
Investment Disclaimer: Analysis based on WD25 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Summerhouse Lane, Aldenham, Hertfordshire, WD25
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