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Brookmans Avenue, Brookmans Park, Hertfordshire, AL9 - Image 1
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Brookmans Avenue, Brookmans Park, Hertfordshire, AL9

East of England

£2,300,000
Listed on 30/11/2023

Property Details

Bedrooms
5
Type
Detached house
Area
3097 sqft

Description

Nestled in one of the most sought-after areas, this substantial five-bedroom detached home presents an excellent opportunity for renovation and investment. With approximately 3,100 square feet of adaptable living space, the property features a well-proportioned entrance hallway that leads to multiple reception areas, including a living room, sitting room, and study. The generous kitchen and utility room are designed to cater to family needs while offering scope for modern upgrades. Additional amenities on the ground floor include a shower room/sauna and two guest cloakrooms. The first floor hosts five bedrooms, with the principal suite benefiting from an en-suite bathroom alongside a family bathroom servicing the remaining rooms. The outdoor space is equally impressive, showcasing a rear garden measuring around 114 feet by 59 feet that opens up onto Brookmans Park Golf Course—ideal for those seeking tranquility or potential landscaping projects. This residence is approached via an elegant carriage driveway, providing ample off-street parking for multiple vehicles while granting access to an integral double garage. The community of Brookmans Park is recognized for its village-like charm and semi-rural ambiance. Residents enjoy close proximity to local shops and dining options, including a popular gastro pub. Commuters will appreciate the ease of access to Brookmans Park station with direct trains to London Moorgate through Finsbury Park and Highbury & Islington. Families can take advantage of the highly regarded educational institutions in the vicinity, such as Stormont, Lochinver House, Queenswood, and Dame Alice Owen's. This property's distinctive features combined with its prime location make it an attractive option for those looking to invest in a home with significant potential for enhancement.

Investment Analysis

(AL9 area)

Above Market Value

This property is priced +40.2% above area average per sq ft

+40.2%
This Property
£743/sq ft
Area Average
£530/sq ft
Avg Rent (weekly)
£393
Avg Yield
2.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£70,000 - £120,000
Target Value
£1,804,188
10% above area average per sq ft
Potential ROI
-25.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (AL9)

Area prices are falling by +7.0% over the last 12 months
3 year growth: -1.0%
5 year growth: 2.2%
Investment Disclaimer: Analysis based on AL9 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Brookmans Avenue, Brookmans Park, Hertfordshire, AL9
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£8,425
Based on a loan of £1,725,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE