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Old Parkbury Lane, Colney Street, AL2 - Image 1
Old Parkbury Lane, Colney Street, AL2 - Image 2
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Old Parkbury Lane, Colney Street, AL2

East of England

£2,500,000
Listed on 28/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
3369 sqft

Description

This unique four-bedroom family residence is accessed via a private 1/3 mile track, nestled between the sought-after areas of Radlett and St Albans. Springfield Farm offers over 3,300 square feet of potential living space, set on approximately two acres of mature grounds that provide picturesque country views. Ideal for families looking to expand or those interested in equestrian facilities, this detached home includes converted stables that can be transformed into additional living quarters or an office space. The property's layout features three reception rooms on the ground floor—including a spacious sitting room with a fireplace and terrace access—alongside a utility area connecting to an integral garage. The first floor boasts a principal suite with an en-suite bathroom and walk-in wardrobe, plus three additional double bedrooms with lovely garden vistas. While the house is currently livable, there is significant scope for enhancement or redevelopment (subject to planning permission), allowing for customisation to meet modern needs. The courtyard provides ample parking and the outbuildings present possibilities for conversion back to their original use as an indoor swimming pool or as separate accommodation. With its secluded position and expansive grounds, this property represents a promising investment opportunity.

Investment Analysis

(AL2 area)

Above Market Value

This property is priced +43.4% above area average per sq ft

+43.4%
This Property
£742/sq ft
Area Average
£518/sq ft
Avg Rent (weekly)
£370
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,917,803
10% above area average per sq ft
Potential ROI
-30.3%
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

Old Parkbury Lane, Colney Street, 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
£9,158
Based on a loan of £1,875,000 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