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Common Lane, Hertfordshire AL5 - Image 1
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Common Lane, Hertfordshire AL5

East of England

£850,000
Listed on 25/07/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This four-bedroom detached family home offers a spacious plot with significant potential for renovation and expansion, subject to the necessary planning permissions. Located in the desirable area of North Harpenden, the property is approximately 1.1 miles from the town center and its mainline railway station, which provides easy access to London. The surrounding neighborhood is well-regarded for its educational institutions, making it an attractive choice for families seeking quality schooling options. With several outstanding local schools in proximity, this location caters well to those prioritizing education. The existing home features ample living space and a layout that could benefit from modern updates or alterations, allowing new owners to personalize it according to their preferences. The generous outdoor area further enhances the property's appeal, providing room for potential extensions or landscaping projects that could increase both functionality and value. Investors may find this property particularly appealing due to its location in a sought-after market combined with the opportunity to enhance its value through thoughtful renovations. This presents an excellent chance not only for family living but also as a solid investment for future growth.

Investment Analysis

(AL5 area)
Area Average
£649/sq ft
Avg Rent (weekly)
£498
Avg Yield
2.8%

Renovation Potential

Est. Renovation Cost
£85,000 - £212,500
10-25% of property value
Monthly Sales
16
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (AL5)

Area prices are falling by +6.3% over the last 12 months
3 year growth: -6.3%
5 year growth: 7.0%
Investment Disclaimer: Analysis based on AL5 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

Common Lane, Hertfordshire AL5
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