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Luton Road, Harpenden, AL5 - Image 1
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Luton Road, Harpenden, AL5

East of England

£850,000
Listed on 29/07/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1857 sqft

Description

This detached home, constructed in 1920, offers a unique opportunity for renovation and investment. Set on a generous corner plot approximately 1.2 miles from the High Street, the property combines charm with considerable potential for those looking to create a tailored family residence. The house is positioned slightly away from Luton Road, allowing for pleasant views and a sense of privacy. A significant single-story extension has already been added to the rear, increasing the living space and providing a solid foundation for further enhancements—subject to local planning permissions. While modernization is needed throughout, this presents an excellent chance to customize each area according to your personal style and functionality requirements. Inside, the layout includes an inviting entrance hall and useful cloakroom, alongside a practical utility room that adds convenience to daily life. The living areas consist of a comfortable lounge and a separate dining room, complemented by a kitchen/breakfast room designed to accommodate both casual meals and entertaining guests. Upstairs, three well-sized bedrooms are offered along with a family bathroom. Outside, the property features charming gardens on multiple sides, perfect for outdoor enjoyment or potential landscaping projects. Additionally, there is a double garage and large workshop that provide valuable storage options as well as opportunities for workshop or hobby space. Located in a desirable neighborhood known for its reputable schools and access to local amenities, this property is not only an ideal family home but also presents strong investment potential in today’s market. With thoughtful renovations, it could become an even more attractive residence or rental option in this sought-after area. Seize the opportunity to explore the possibilities this unique property offers!

Investment Analysis

(AL5 area)

Below Market Value

This property is priced -29.7% below area average per sq ft

-29.7%
Potential saving
This Property
£458/sq ft
Area Average
£651/sq ft
Avg Rent (weekly)
£436
Avg Yield
2.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£1,329,696
10% above area average per sq ft
Potential ROI
+47.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (AL5)

Area prices are falling by +3.5% over the last 12 months
3 year growth: -3.8%
5 year growth: 5.1%
Investment Disclaimer: Analysis based on AL5 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

Luton Road, Harpenden, AL5
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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
£3,114
Based on a loan of £637,500 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