Is Plomer Avenue in Hoddesdon on the up?

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A landlord recently missed his chance to buy a two bedroom apartment on Plomer Avenue, near the 100 acre estate off the Ware Road, as it sold in a matter of days. He asked me if there were something special about the area, so I did a little research.

Plomer Avenue is the main road leading through the Boundary Park Estate off Ware Road in Hoddesdon which was built around 10 years ago. It consists mainly of two bedroom apartments and some two bed terraced houses. The road leads onto Christian Close which comprises large town houses and onto Ellis Close & Gosse Close which consists of some very nice 4 and 5 bedroom detached houses. 

A number of two bedroom apartments have sold in Plomer Avenue over the last 12 months with an average price of £148,500 and as they are relatively new it should not take a lot to prepare one for rental. Expect to achieve £800 per calendar month, which would provide a very reasonable annual yield of around 6.5%. The two bedroom apartments will start to increase in value over the next twelve months and so it may be prudent to buy now should one become available at the right price, even paying slightly higher than the last 12 months average should still return a good yield and with the area in strong demand from tenants the all important "Void" periods will be low. 

The apartments themselves are well made with double glazed windows, electric storage heaters and modern open plan living and therefore make for a great Buy -To- Let as they rent well and should be relatively easy to maintain with low costs.

If you would like to talk to us about property in this or any of the other areas we cover  please feel free to visit our office on Stanstead Abbotts High Street and we will be glad to help. 

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I have been in and around the Hertfordshire property market for over 25 years, starting as an estate agent in the county town of Hertford and now running a successful lettings and property management company based in Stanstead Abbotts. I have let and managed property all over Hertfordshire from the area that I currently work to Wheathampstead where I owned and managed a lettings & estate agents to Watford and surrounding areas where my company acted as a marketing agent for one of the largest property management companies in the country”