2 Bed Flat, Single Let, St Albans, AL4 0AS, £300,000

Russet Drive, St. Albans, Hertfordshire, AL4 0AS - 9 months ago

Leasehold
BTL
ROI: 2%
~56 m²
+5 photos

ValuationOvervalued

Sold Prices£235K - £965K
Sold Prices/m²£4.5K/m² - £8.7K/m²

 

 

Square Metres

~56 m²
Price/m²£5.4K/m²

Value Estimate

£284,912

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£21,200

Total Cash In

£96,200

 

 

Cash Out

 

Rent Range

£1,175 - £1,900

Rent Estimate

£1,350

Running Costs/mo

£1,228

Cashflow/mo

£123

Cashflow/yr

£1,470

ROI

2%

Gross Yield

5%

Local Sold Prices

26 sold prices from £235K to £965K, average is £309.3K. £4.5K/m² to £8.7K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£235K07/210.28 mi59, Frobisher Road, St Albans, Hertfordshire AL1 5AH2
£290K01/230.33 mi5, Buttermere Close, St Albans, Hertfordshire AL1 5TD2
£400K01/210.4 miGround Floor Flat, 27, Cambridge Road, St Albans, Hertfordshire AL1 5LD2
£300K10/220.45 mi11, Cedarwood Drive, St Albans, Hertfordshire AL4 0DX2
£285K11/230.47 mi72, Cedarwood Drive, St Albans, Hertfordshire AL4 0DW2
£287K06/210.47 mi68, Cedarwood Drive, St. Albans, Hertfordshire AL4 0DW2
£235K04/230.49 mi42, Cedar Court, St Albans, Hertfordshire AL4 0DL2
£287.5K10/210.49 mi27, Cedar Court, St. Albans, Hertfordshire AL4 0DL2
£240K06/230.49 mi28, Cedar Court, St Albans, Hertfordshire AL4 0DL2
£267K06/210.49 mi38, Cedar Court, St. Albans, Hertfordshire AL4 0DL2
£237.5K12/200.49 mi49, Cedar Court, St Albans, Hertfordshire AL4 0DL2
£350K06/210.66 miFlat 11, Mistral Court, Bakers Close, St Albans, Hertfordshire AL1 5FH2
£378K05/210.7 miFlat 4, St. James Court, Park View Close, St. Albans, Hertfordshire AL1 5TL2
£430K12/200.75 miFlat 12, Lansdowne Place, London Road, St. Albans, Hertfordshire AL1 1LT2
£440K01/230.75 miFlat 11, Lansdowne Place, London Road, St Albans, Hertfordshire AL1 1LT2
£312K01/230.77 mi10, Rowan Close, St Albans, Hertfordshire AL4 0ST2
£515K04/230.78 miApartment 9, Old Mile House Court, St Albans, Hertfordshire AL1 1AR2
£310K01/210.78 mi27, Cranbrook Drive, St Albans, Hertfordshire AL4 0SR2
£310K10/200.78 mi23, Cranbrook Drive, St Albans, Hertfordshire AL4 0SR2
£310K10/200.78 mi23, Cranbrook Drive, St Albans, Hertfordshire AL4 0SR2
£965K03/210.84 mi2, Mile House Lane, St. Albans, Hertfordshire AL1 1TB2
£299.5K12/200.87 mi39, Abbots Park, St. Albans, Hertfordshire AL1 1TW2
£304.5K08/210.87 mi20, Abbots Park, St. Albans, Hertfordshire AL1 1TW2
£340K12/200.88 mi83, Hazelwood Drive, St. Albans, Hertfordshire AL4 0UY2
£308.5K10/200.98 mi4, Camp Road, St. Albans, Hertfordshire AL1 5DY2
£400.5K01/231 mi14, Kenton Gardens, St Albans, Hertfordshire AL1 1JS2

Local Rents

14 rents from £1.2K/mo to £1.9K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,35012/240.21 miRichard Street, Tiverton House, Hatfield2
£1,35012/240.21 miRichard Street , Hatfield , Hertfordshire2
£1,85012/240.34 miLongacres, St. Albans2
£1,79512/240.36 miCamp Road, St. Albans, Hertfordshire, AL1 5NE2
£1,75003/250.42 mi-2
£1,80012/240.48 mi-2
£1,90003/250.48 mi-2
£1,40001/250.48 mi-2
£1,77502/240.5 mi-2
£1,60012/240.51 miCamp View Road, St. Albans, Hertfordshire, AL1 5LL12
£1,60012/240.51 miSutton Road, St. Albans, Hertfordshire, AL12
£1,39512/240.51 miHaig Close, St Albans, AL12
£1,17512/240.54 miCastle Road, St Albans, AL12
£1,75012/240.55 miSutton Road, St. Albans, AL12

Local Area Statistics

Population in AL4

27,203

Population in St Albans

114,693

Town centre distance

1.20 miles away

Nearest school

0.30 miles away

Nearest train station

1.30 miles away

 

 

Rental growth (12m)

-12%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Price changed to £300,000

March 20, 2025

Price changed to £310,000

January 8, 2025

Listed for £325,000

July 4, 2024

Floor Plans

Description

  • Two Bedrooms +
  • First Floor Apartment +
  • 0.2 miles of Highfield Park +
  • 1.4 miles to St Albans City Station. +
  • Juliet Balcony +
  • Off Street Parking Space +

A recently updated two bedroom first floor apartment, located within 0.2 miles of Highfield Park and 1.4 miles to the mainline train station. The property is accessed via a secure communal entrance and comprises an entrance hall with storage cupboard, re-fitted family bathroom, double bedroom, further single bedroom and an open plan kitchen/breakfast room with newly fitted kitchen and there is also a Juliet balcony. The property is further benefitted by an allocated off street parking space.

Valuers Quote: This modern apartment has been recently renovated to a high standard and offers an ideal opportunity for investment buyers and first time buyers alike. The apartment is also conveniently located just a short walk from Highfield Park, gyms and health clubs and nearby shops/amenities.

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.

FCQ240349/1

Agent Details

Frost's, St. Albans

01727 649757

Next Steps?

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