3 bedroom end of terrace for sale

£637,000

3

Bedrooms

2

Bathrooms

Floorplan

Oliver Minton Village & Rural Homes are delighted to offer For Sale this superbly presented CHAIN FREE end terrace 3 bedroom barn conversion in this wonderful Hamels Park Barns complex. With immaculate and stylish accommodation extending to 1158sq ft, the well proportioned ground and first floor is perfectly complemented by the lovely size, private walled rear garden, with garage en-bloc and further parking. There is double glazing, underfloor heating to the ground floor and family bathroom, a pretty front garden and beautifully maintained communal areas.

History & Overview - Hamels Park Bams is a development of twelve farm yard buildings converted to create a new community of 2, 3 and 4 bedroom residential barns and cottages in Hamels Park. The development comprises the former farmyard of Hamels Park Farm that adjoined Hamels mansion. 'The Bams' are reached by a private lane between the farms fields. 'The Bams' form a close knit community linked by WhatsApp. Each property has their own private garage and additional private parking space. On its south side of 'The Barns' is the mansion of Hamels and associated mansion houses, on the western side is the long historic boundary wall of a large house that was once part of the mansions gardens; and immediately to its east is East Herts Golf Course. The golf course was originally parkland belonging to the mansion. The private access road from Hamels Lane leads to both the 'Barns' community and beyond to the mansion and other private property. In essence with the golf course this is the hamlet of Hamels Park.

All the 'Barns' properties enjoy excellent drinking water from a community borehole and are serviced by their own sewerage treatment plant and individual heating oil tanks. The communal parts of 'The Barns' community are professionally well managed on behalf of the residents by Zone Property Management Ltd of Cheshunt. The residents have an elected committee to liaise with the management body.

The annual management fee/service charge has for a few years been set at approx 2000. However having built up a healthy reserve fund, the fee and budget (decided at the AGM on 9 December 2024) for 2025 has been reduced by 25+% to approx 1500. This is collected half yearly or, by arrangement, monthly. It covers the supply of drinking water, borehole maintenance, sewerage, communal garden/trees/fences maintenance, and ground lighting.

Hamels Park (in the parish of Braughing) was formally part of Hamels Park Estate. In 1973. the mansion of Hamels was sold along with its adjoining houses to Leach Homes. (The parkland then became the home of East Herts Golf Club). Leach developed the mansion houses and sold them off. In 2002 the estate owners sold the farmyard to developers to create Hamels Park Barns. In 2015 Leach Homes developed the mansion into 10 apartments. The three separate communities cooperate with each other and jointly maintain the access road. Together with a handful of individual houses they comprise a total of 42 properties whose residents enjoy their private rural location.

5 Hamels Park Barns is an end of terrace cottage with three double bedrooms and two bathrooms. With front and back secluded gardens it enjoys the quietest position of the development with no passing pedestrians or vehicles. For dog owners, alongside the access road is a dedicated dog walking field restricted to local residents. 'The Barns' also manage two small wildlife ponds. The golf course can be accessed on foot directly from 'The Barns'.

Hamels Park is a designated stop for the community based on-demand HertsLynx bus service. It is a 20 minute walk to Pearces A10 Farm Shop and Restaurant. And 35 minutes country lane walk to Westmills Sword Inn Hand pub and Westmill Tea Shop. Buntingford is 5 minutes drive away; Ware 10minutes, Hertford and Bishops Stortford 15 minutes. 4 main line stations to London are found in Hertford, Ware, and Bishops Stortford. The latter also serves Cambridge. Stansted Airport is 30 minutes away. Trains from nearby Stevenage serve Gatwick Airport directly.

Words from the seller:
We are most reluctant to leave this beautiful, safe, secluded development with its very friendly and cooperative close-knit community. Everybody is so happy here. We are only doing so to move closer to our distant family.

Spacious Entrance Hall - Staircase to first floor. Underfloor heating throughout the ground floor.

Cloakroom - Immaculate modern white suite with wash hand basin and WC with concealed cistern. Part tiled walls.

Superb Kitchen/Diner - 5.69m x 3.35m (188 x 110) - Fitted wall, base and drawer units with granite work surfaces incorporating sink unit. Built-in double ovens and microwave, hob and extractor hood above. Integrated dishwasher, fridge and freezer. Inset ceiling lights. Part tiled walls. Double glazed window to front. Door to:

Utility Room - 2.92m x 1.55m (97 x 51) - Double glazed stable door to rear garden. Fitted wall and base units and work surface. Fitted oil boiler. Door to understairs storage cupboard housing hot water tank with immersion heater.

Lounge - 5.72m x 3.30m (189 x 1010) - A lovely dual aspect room with double glazed window to front and double glazed patio doors to rear garden. Inset ceiling lights.

First Floor Landing - Fitted shelving. Radiator with decorative cover. Small skylight window.

Bedroom One - 3.48m x 3.35m (115 x 110) - Double glazed window to front. Twin mirror-fronted fitted wardrobes with sliding doors. Radiator. Inset ceiling lights. Door to:

En-Suite Shower Room - Atttactive modern suite with large wet-room style shower area with glazed screen, wash hand basin with storage drawers below, heated towel rail, inset lights, part tiled walls.

Bedroom Two - 3.30m x 2.82m (1010 x 93) - Double glazed window to front. Radiator.

Bedroom Three - 3.35m x 2.79m (110 x 92) - Skylight window to rear. Radiator. Access hatch to boarded attic space with loft ladder connected.

Family Bathroom - Attractive contemporary white suite comprising bath with glazed shower screen and shower above, WC with concealed cistern and wash hand basin with storage drawers below.

Outside -

Landscaped Front Garden - Central paved pathway to front entrance, with lawns either side. Flower and shrub beds and borders and perimiter hedging.

Attractive Rear Garden - Full width paved patio area to the rear of the house with retaining wall and steps up to secluded lawn with flower and shrub borders. Outside water tap. Concealed oil tank.

Garage & Parking - Single garage en-bloc with double doors and parking space in front.

Agents Notes - SERVICE CHARGE:
Approx. 1500 per annum which covers;
Provision of water (beautiful unadulterated bore hole water - council tested annually)
Contracted maintenance of bore hole pumps and pump house
Contracted maintenance of sewerage treatment plant
Contracted weekly maintenance of communal garden area including fencing
Contracted maintenance of mature trees
Communal area lighting
Electricity to defibrillator
Maintenance of access lane (from Hamels Lane) shared with other properties.
Insurance
Professional management fee including accounts/legal company requirements

Heating by way of oil boiler with underfloor heating to ground floor and radiators to first floor.

Broadband & mobile phone coverage can be checked at

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 528225

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 15925
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

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£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 50475
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

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  • Final Equity Profit
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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Final Property Value

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