Most Expensive and Least Expensive Properties in Harpenden

It's been a little while since I wrote about this topic so I thought I'd review it to see if anything had changed since my last article which you can find here.

First I'll look at the list of the most expensive streets in Harpenden.

Most expensive 

Clearly the data is sparse for West Common Close but it shows that, with an average transaction value of £3.6m this is the number one most expensive place to buy property in Harpenden.

Park Avenue South tops Park Avenue North by just over £170,000 in capital value, on average. Swiftly following on their heels are Cross Lane and Oak Way. Interestingly these areas are split between the avenues in Central Harpenden and roads set to the south of Harpenden around East and West Common, which may come as little surprise to many but it's worth noting that a significant number of properties in the avenues areas are easily competing and surpassing the East and West Common neighbourhoods which formerly were, according to many, the ‘Holy Grail’ of Harpenden living – perhaps we will see more of this balancing with further building of luxury property in central Harpenden in years to come.

For a bit of fun, the mortgage payments for a property on West Common Close would come to approximately £7,753 per month at 3% over 30 years, and that's if your LTV is 50/50. How do you feel about spending £93,000 per annum just on your mortgage? Of course, these property purchases work differently at this level, but even still it's a considerable investment and fascinating to put into real terms. It would be a bad day indeed if interest rates change for the worse!

Least expensive

 

Moving on to the least expensive roads in Harpenden, the latest data shows that the lowest priced development in Harpenden is Reed Place on Bloomfield Road, being flats this is to be expected. The remainder of the roads are generally centred around Westfield and Batford in the Northern and North East side of Harpenden, save for Loire Mews which lies off Cravells Road.

An interesting matter to note is that, while these are merely average values and do not show the lowest priced property, it does show that even the most affordable areas in Harpenden are close to the national average house price. This perhaps isn't good news for those moving within the town, or for those moving in, but for anyone imminently moving away from the area, any equity gained here will stand you in good stead for purchasing more land and more space elsewhere in the country.

Again, in terms of mortgage payments and following the same figures as before although this time using a 10% deposit, (3% interest rate and a 30 year repayment term) the monthly payments would be a far more manageable £817pcm or £9804 per annum - although do bear in mind this is likely to be a once or two bed flat or starter home. Food for thought!

Highest turnover

Now moving on to the highest turnover streets (where properties change hands most frequently) we see that Station Road tops the chart for properties with a large number of families moving in and out of homes on that road. This data is a little predictable in so much as the roads concerned are either main roads or long roads with higher numbers of residential properties on them, but still it's an interesting metric to note to those looking to move locally or those looking to move into the town (budget permitting of course) as these may be roads to keep an eye on as properties are likely to come up in these locations more often.

I hope you've found this useful, interesting, informative, or even just a bit of a fun insight into the Harpenden market as it currently stands. If you're interested to know more, please go ahead and get in touch on info@hawkandchadwick.co.uk