3 Bed Terraced House, Refurb/BRRR, St Albans, AL4 0DW, £525,000

Cedarwood Drive, St. Albans, AL4 0DW - 1 views - 10 months ago

Refurb/BRRR
~87 m²
+14 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£131,250

Stamp Duty & Legal Fees

£43,700

Refurb Costs

£43,082

Bridging Loan Interest

£13,781

Total Cash In

£233,563

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£564,789

Mortgage (After Refinance)

£423,592

Mortgage LTV

75%

Cash Released

£29,842

Cash Left In

£203,721

Equity

£141,197

Rent Range

£1,700 - £3,100

Rent Estimate

£2,262

Running Costs/mo

£2,237

Cashflow/mo

£25

Cashflow/yr

£296

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £475K to £1.2M, average is £680K. £3.7K/m² to £10.6K/m², average is £7K/m².

PriceDateDistanceAddressBeds 
£855K05/210.06 mi434, Hatfield Road, St. Albans, Hertfordshire AL4 0XS3
£557.5K10/230.07 mi18, Bell View, St Albans, Hertfordshire AL4 0SQ3
£753.6K11/220.07 mi43, Bell View, St Albans, Hertfordshire AL4 0SQ3
£600K05/240.07 mi14, Bell View, St Albans, Hertfordshire AL4 0SQ3
£507K04/210.07 mi9, Bell View, St. Albans, Hertfordshire AL4 0SQ3
£575K11/210.07 mi50, Marconi Way, St. Albans, Hertfordshire AL4 0JG3
£496K06/210.09 mi11, Gresford Close, St Albans, Hertfordshire AL4 0UB3
£635K02/210.11 mi25, Wynchlands Crescent, St. Albans, Hertfordshire AL4 0XW3
£700K07/240.11 mi67, Longacres, St Albans, Hertfordshire AL4 0SL3
£523K02/210.12 mi6, Wynchlands Crescent, St Albans, Hertfordshire AL4 0XL3
£595K03/210.17 mi65, Wynches Farm Drive, St. Albans, Hertfordshire AL4 0XH3
£720K03/210.18 mi13, Colney Heath Lane, St. Albans, Hertfordshire AL4 0SY3
£600K10/230.21 mi5, Pinewood Close, St Albans, Hertfordshire AL4 0DS3
£545K01/240.21 mi3, Pinewood Close, St Albans, Hertfordshire AL4 0DS3
£585K04/230.21 mi2, Pinewood Close, St Albans, Hertfordshire AL4 0DS3
£850K04/240.23 mi64a, Elm Drive, St Albans, Hertfordshire AL4 0EQ3
£635K07/210.24 mi13, Sovereign Park, St. Albans, Hertfordshire AL4 0FJ3
£887K11/200.27 mi332, Hatfield Road, St. Albans, Hertfordshire AL4 0DU3
£752K01/210.27 mi28, Oakwood Drive, St Albans, Hertfordshire AL4 0XD3
£830K08/240.27 mi36, Oakwood Drive, St Albans, Hertfordshire AL4 0XD3
£737K03/230.27 mi38, Oakwood Drive, St Albans, Hertfordshire AL4 0XD3
£605K06/210.3 mi18, Sewell Close, St. Albans, Hertfordshire AL4 0TB3
£700K05/230.3 mi21, Sewell Close, St Albans, Hertfordshire AL4 0TB3
£700K06/240.33 mi490, Hatfield Road, St Albans, Hertfordshire AL4 0SX3
£580K06/210.33 mi95, Linden Crescent, St. Albans, Hertfordshire AL1 5DD3
£625K07/230.33 mi96, Linden Crescent, St Albans, Hertfordshire AL1 5DD3
£800K11/210.33 mi63, Oakwood Drive, St Albans, Hertfordshire AL4 0UL3
£653K12/200.33 mi35, Oakwood Drive, St Albans, Hertfordshire AL4 0UL3
£646K09/230.33 mi73, Oakwood Drive, St Albans, Hertfordshire AL4 0UL3
£503K11/200.34 mi48, Princess Diana Drive, St. Albans, Hertfordshire AL4 0ED3
£930K12/200.34 mi508, Hatfield Road, St Albans, Hertfordshire AL4 0SX3
£690K03/210.35 mi11, Cairns Close, St. Albans, Hertfordshire AL4 0EA3
£940K10/220.35 mi33, Hazelwood Drive, St Albans, Hertfordshire AL4 0UP3
£742K01/210.35 mi51, Firwood Avenue, St Albans, Hertfordshire AL4 0TD3
£690K04/230.36 mi52, Firwood Avenue, St Albans, Hertfordshire AL4 0TE3
£985K02/210.4 mi34, Woodland Drive, St Albans, Hertfordshire AL4 0EU3
£765K11/200.41 mi102, Oakwood Drive, St. Albans, Hertfordshire AL4 0XA3
£720K12/220.41 mi6, Ashley Road, St Albans, Hertfordshire AL1 5DA3
£1.2M10/230.42 mi9, Woodland Drive, St Albans, Hertfordshire AL4 0EL3
£665K01/230.42 mi49, Burleigh Road, St Albans, Hertfordshire AL1 5DH3
£670K06/210.44 mi37, Burleigh Road, St Albans, Hertfordshire AL1 5DH3
£480K05/230.44 mi2, Burleigh Road, St Albans, Hertfordshire AL1 5DH3
£720K06/230.45 mi315, Camp Road, St Albans, Hertfordshire AL1 5NZ3
£475K11/200.46 mi29, Guildford Road, St. Albans, Hertfordshire AL1 5JX3
£685K03/210.46 mi22, Central Drive, St Albans, Hertfordshire AL4 0UR3
£675K06/210.47 mi88, Castle Road, St. Albans, Hertfordshire AL1 5DG3
£625K05/210.48 mi54, Hedley Road, St Albans, Hertfordshire AL1 5JP3
£725K08/230.48 mi28a, Hedley Road, St Albans, Hertfordshire AL1 5JP3
£690K07/230.48 mi50, Hedley Road, St Albans, Hertfordshire AL1 5JP3
£605K05/230.52 mi49, Cambridge Road, St Albans, Hertfordshire AL1 5LE3

Local Rents

15 rents from £1.7K/mo to £3.1K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£2,30012/240.11 miWynchlands Crescent, St Albans, AL43
£2,40003/250.21 mi-3
£1,70012/240.37 miHatfield Road, St Albans, AL43
£2,59512/240.53 miSt Mary Court, St Albans, AL13
£3,10012/240.57 mi-3
£2,50012/240.58 miCollege Road, St. Albans, Hertfordshire, AL13
£2,33012/240.73 mi-3
£2,00012/240.77 mi-3
£2,00012/240.85 miDrakes Drive, St Albans, Herts, AL13
£1,75004/250.92 mi-3
£1,98004/250.98 mi-3
£2,00012/241 miGladeside3
£2,65001/241.02 mi-3
£2,00012/241.11 miHatfield Road, St. Albans, Hertfordshire, AL1 4JE3
£1,83012/241.13 miParkway Court, St Albans, AL13

Property History

Price changed to £525,000

December 13, 2024

Listed for £500,000

June 18, 2024

Floor Plans

Description

Come see this wonderful three-bedroom family home which is in need of a full renovation, nestled in a peaceful cul-de-sac, perfect for those seeking proximity to top-notch schools. You'll love the convenience of being just a short distance from local shops, eateries, St Albans' historic city centre, and the train station. While the property could benefit from a touch of modernisation, it boasts ample natural light and generous living spaces. Step into the welcoming hallway leading to a spacious open-plan living and dining area. The kitchen, accessible from here and opens up directly to the lovely rear garden. Upstairs, discover three well-proportioned bedrooms, a family bathroom, and a separate WC. Outside, the front offers off-street parking and garage access, while the rear garden, with its charming appeal and sunny aspect, provides a perfect retreat. Don't miss out on the chance to view this fantastic home! Call us today to schedule your appointment. NB: We are aware that there is asbestos present within the property

Agent Details

Heartwood Homes, St Albans

01727 221843

Next Steps?

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