3 Bed Flat, Single Let, Harpenden, AL5 4DE, £750,000

Bloomfield Road, Harpenden, Hertfordshire, AL5 4DE - 3 months ago

Leasehold
BTL
~93 m²
+3 photos

ValuationOvervalued

Sold Prices£610K - £980K
Sold Prices/m²£5.9K/m² - £8.6K/m²

 

 

Square Metres

~93 m²
Price/m²£8.1K/m²

Value Estimate

£646,695

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£187,500

Stamp Duty & Legal Fees

£48,700

Total Cash In

£236,200

 

 

Cash Out

 

Rent Range

£1,950 - £4,000

Rent Estimate

£2,059

Running Costs/mo

£2,776

Cashflow/mo

£-717

Cashflow/yr

£-8,599

Gross Yield

3%

Local Sold Prices

7 sold prices from £610K to £980K, average is £735K. £5.9K/m² to £8.6K/m², average is £6.9K/m².

PriceDateDistanceAddressBeds 
£690K02/240.42 miGerard Court, Flat 9, Hitherfield Lane, Harpenden, Hertfordshire AL5 4JA3
£822.5K03/210.42 miFlat 10, Gerard Court, Hitherfield Lane, Harpenden, Hertfordshire AL5 4JA3
£885K02/210.42 miFlat 7, Gerard Court, Hitherfield Lane, Harpenden, Hertfordshire AL5 4JA3
£980K05/210.43 miFlat 7, Cornelia Court, Hitherfield Lane, Harpenden, Hertfordshire AL5 4JF3
£735K02/230.5 mi9b, Rosebery Avenue, Harpenden, Hertfordshire AL5 2QT3
£640K03/230.78 mi5, Amenbury Court, Harpenden, Hertfordshire AL5 2BU3
£610K05/211.76 mi4, Eastmoor Park, Harpenden, Hertfordshire AL5 1BW3

Local Rents

24 rents from £1.9K/mo to £4K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,20012/240.32 miDouglas Road, Harpenden, Hertfordshire, AL53
£2,10012/240.37 miOld Rectory Close, Harpenden, AL53
£2,15003/240.46 mi-3
£2,20003/250.48 mi-3
£2,09508/240.5 mi-3
£2,30012/240.5 miDell Close, Harpenden, Hertfordshire3
£2,35012/240.58 mi-3
£2,35002/250.58 mi-3
£3,30012/240.6 miKirkwick Avenue, Harpenden3
£2,50012/240.62 miMaldon Court, Carlton Road, Harpenden, AL53
£2,20002/250.66 mi-3
£2,20012/240.66 miHyde View Road, Harpenden, AL53
£2,60010/240.68 mi-3
£2,10010/240.69 mi-3
£1,95012/240.75 miHigh Street, Harpenden, AL53
£2,30012/240.77 miCornwall Road, Harpenden, Hertfordshire, AL53
£3,25012/240.8 miWilloughby Road, Harpenden, AL53
£2,45012/240.81 miAmenbury Lane, Harpenden, AL53
£2,15012/240.92 miKipling Way, Harpenden, AL53
£1,95012/240.93 miKipling Way, Harpenden, AL53
£2,60002/250.94 mi-3
£2,65002/250.94 mi-3
£4,00012/241 miGibbs Close, Harpenden, Hertfordshire, AL53
£2,00012/241.04 mi-3

Local Area Statistics

Population in AL5

30,462

Town centre distance

0.46 miles away

Nearest school

0.30 miles away

Nearest train station

0.88 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £750,000

January 17, 2025

Floor Plans

Description

  • Krion worktops & Porcelanosa cabinets in the kitchen +
  • Luxury Porcelanosa Kingdom flooring to hallway and kitchen/diner +
  • Bathroom & En-Suite +
  • Lift access +
  • Gated access to the drive/car park with bell entry +
  • Entrance ramp fitted with heating elements to avoid ice in winter +
  • Each plot will have an EV charger +

Offered for sale with no onward chain is this truly stunning three bedroom duplex apartment, situated on the basement and lower ground floor of this exceptional new development on Bloomfield Road, just over a mile from Harpenden town centre and mainline railway station.

Reed Place is an exclusive gated new build development of just 14 stunning 1, 2 and 3 bedroom apartments all presented to an exacting standard by renowned developer Bridgewater Homes. The apartments are equipped with high end features, including Porcelanosa kitchen cabinets and flooring, Siemens appliances, Italian designed Fortessa Ironmongery, hardwood factory finished windows and doors and underfloor heating throughout. Outside the building, properties benefit from gated access to the car park with each unit having its own electric vehicle charger.

Number 5 Reed Place is a three double bedroom apartment with open plan kitchen/living room, utility and cloakroom on the basement level, with three double bedrooms, a family bathroom and en suite on the lower ground floor.

Lease length – 999 years
Service charge – approximately £1100-£1300
Ground rent – zero

CONVEYANCING

Through our partners Frost's Conveyancing, we can introduce you to solicitors who specialise in conveyancing. Ask us for further information today.

MORTGAGES

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Exclusive deals are made available to Embrace Financial Services by PRIMIS Mortgage Network, to which Embrace Financial Services are an Appointed Representative

Frosts Estate Agents is an Introducer Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.

Embrace Financial Services Ltd. is an Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Ltd which is authorised and regulated by the Financial Conduct Authority.

LETTINGS and MANAGEMENT

We offer a complete range of services for Landlords, from fully managed lets to advertising only. Each Landlord who chooses full management has a personal Property Manager and all our fees are based on a ‘no let - no fee’ basis.

DISCLAIMER

These particulars are a general guide only. They do not form part of any contract. Services, systems and appliances have not been tested.

BUYERS INFORMATION

To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Lifetime Legal, who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £60 plus VAT for this (for the transaction not per person), payable direct to Lifetime Legal. Please note, we are unable to issue a memorandum of sale until the checks are complete.

REFERRAL FEES

We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Frost's.

FHP220248/1

Agent Details

Frost's, Harpenden

01582 377376

Next Steps?

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