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Old Parkbury Lane, Colney Street, AL2 - Image 1
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Old Parkbury Lane, Colney Street, AL2 - Image 4
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Old Parkbury Lane, Colney Street, AL2

East of England

£2,000,000
Listed on 10/12/2025

Property Details

Bedrooms
5
Type
Detached
Area
3369 sqft

Description

Nestled at the end of a 1/3 mile track, this distinctive four-bedroom residence offers significant potential for renovation or redevelopment, ideally suited for equestrian enthusiasts or a growing family. Springfield Farm is a detached home with character, boasting over 3,300 sq ft of living space along with outbuildings that could be transformed to enhance the property’s value. Set on an expansive south-facing plot of approximately 2 acres, the property presents breathtaking country views and abundant privacy. The current layout includes three reception rooms on the ground floor—flexibly used as a gym and home office—along with a spacious sitting room featuring a fireplace and direct access to an outdoor terrace. The kitchen connects to a large utility area leading to an integral garage and garden. Upstairs, the principal bedroom includes an en-suite bathroom with jacuzzi bath and walk-in wardrobe, while three additional double bedrooms enjoy lovely garden vistas. Notably, an indoor swimming pool in an outbuilding has been repurposed as a bar but holds potential for restoration. The grounds also feature stables which could serve as guest accommodations or additional office space. This property represents a unique opportunity for those looking to invest in renovations or extensions (subject to planning permission) while being conveniently located near the attractive towns of St Albans and Radlett.

Investment Analysis

(AL2 area)

Above Market Value

This property is priced +14.8% above area average per sq ft

+14.8%
This Property
£594/sq ft
Area Average
£517/sq ft
Avg Rent (weekly)
£402
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £200,000
Target Value
£1,916,136
10% above area average per sq ft
Potential ROI
-12.9%
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
8%
Properties sold annually

Local Market Trend (AL2)

Area prices are falling by -2.5% over the last 12 months
3 year growth: -5.5%
5 year growth: +4.6%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£7,084
Based on a loan of £1,500,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

Price History

-20.0% since listed
£2,000,000£500,000(-20.0%)
12/03/2026
Current price
£2,500,000Initial listing
27/12/2025

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