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Oldfield Road, London Colney, AL2

East of England

£499,950
Listed on 07/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
850 sqft

Description

This three-bedroom family residence presents a significant chance to enhance and reconfigure for modern living, pending the necessary planning permissions. Conveniently located within walking distance of local shops, schools, and essential amenities, the property is also well-connected via public transport. A notable feature is the spacious rear garden, perfect for outdoor activities or potential expansion. Additionally, there is ample off-street parking available for two to three vehicles. The home is offered chain-free, making it an attractive option for investors or those seeking a project.<br><br>Accommodation includes an entrance hall leading into a generous lounge/diner with ample space for both relaxation and dining. The kitchen, while compact, offers functionality and potential for upgrades. Upstairs features three well-proportioned bedrooms along with a WC and bathroom that could benefit from modernization. Outside, the property includes outbuildings that could serve various purposes in addition to the sizable garden space.

Investment Analysis

(AL2 area)

Above Market Value

This property is priced +13.7% above area average per sq ft

+13.7%
This Property
£588/sq ft
Area Average
£518/sq ft
Avg Rent (weekly)
£370
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£483,863
10% above area average per sq ft
Potential ROI
-8.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (AL2)

Area prices are rising by +3.6% over the last 12 months
3 year growth: 1.2%
5 year growth: 13.7%
Investment Disclaimer: Analysis based on AL2 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

Oldfield Road, London Colney, AL2
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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
£1,831
Based on a loan of £374,962 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