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Harvey Road, London Colney

East of England

£485,000
Listed on 25/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
845 sqft

Description

This three-bedroom property presents a noteworthy opportunity for those looking to invest in a home that offers significant potential for renovation and personalization. Spanning approximately 845 square feet, the living space is distributed across two levels, making it an ideal candidate for buyers eager to craft their vision of a modern family residence. As you enter, you'll find a welcoming entrance hall leading to a bright lounge area that provides comfortable living space. The expansive kitchen and dining room at the rear of the property create excellent potential for entertaining and family gatherings, though it awaits updates and improvements. Additional storage is available under the stairs, along with convenient side access that enhances functionality. The upper floor comprises three bedrooms—two generously sized doubles equipped with fitted wardrobes, plus a smaller third bedroom suitable for various uses. Completing this level is a family bathroom that is well-positioned for convenience but may benefit from contemporary styling. While the home does require modernization throughout, this aspect offers a unique chance to reimagine the layout or expand further (subject to planning permission), allowing new owners to design a tailored living environment suited to their preferences. The private rear garden includes two sheds and a greenhouse, providing both outdoor storage options and gardening potential. Off-street parking is available alongside a gated front enclosure, enhancing security and accessibility. Situated in the desirable village of London Colney, this property enjoys proximity to local amenities including shops along the bustling High Street and Colney Fields shopping park featuring major retailers like Sainsbury's and Marks & Spencer. Excellent transportation links are nearby, with easy access to major road networks such as the M25, M1, and A1(M), as well as reliable bus services connecting to St Albans City station which offers direct trains to St Pancras International. This home not only provides immediate comfort but also stands as an investment opportunity waiting to be transformed into your ideal living space.

Investment Analysis

(AL2 area)

Above Market Value

This property is priced +10.9% above area average per sq ft

+10.9%
This Property
£574/sq ft
Area Average
£518/sq ft
Avg Rent (weekly)
£370
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£481,016
10% above area average per sq ft
Potential ROI
-8.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Harvey Road, London Colney
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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
£1,777
Based on a loan of £363,750 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