4 Bed Detached House, Planning Permission, St Albans, AL4 0QQ, £350,000

Roestock Lane, Colney Heath, St. Albans, Hertfordshire, AL4 0QQ - 9 months ago

Planning
ROI: 1%
~129 m²

ValuationUndervalued

Sold Prices£300K - £800K
Sold Prices/m²£3.1K/m² - £6.6K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.7K/m²

Value Estimate

£430,500
BMV23%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£26,200

Total Cash In

£113,700

 

 

Cash Out

 

Rent Range

£1,410 - £4,000

Rent Estimate

£1,485

Running Costs/mo

£1,411

Cashflow/mo

£74

Cashflow/yr

£891

ROI

1%

Gross Yield

5%

Local Sold Prices

21 sold prices from £300K to £800K, average is £475K. £3.1K/m² to £6.6K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£622.5K01/210.07 mi26, Roestock Gardens, Colney Heath, St. Albans, Hertfordshire AL4 0QJ4
£605K01/210.07 mi20, Roestock Gardens, Colney Heath, St. Albans, Hertfordshire AL4 0QJ4
£640K03/210.15 mi34, Bullens Green Lane, Colney Heath, St. Albans, Hertfordshire AL4 0QS4
£455K11/200.17 mi41, Bullens Green Lane, Colney Heath, St Albans, Hertfordshire AL4 0QR4
£475K10/230.21 mi11, Admirals Close, Colney Heath, St Albans, Hertfordshire AL4 0QD4
£443K06/210.26 mi3, Tollgate Cottages, Colney Heath, St Albans, Hertfordshire AL4 0QT4
£675K02/210.29 mi89, Tollgate Road, Colney Heath, St Albans, Hertfordshire AL4 0PX4
£475K05/210.43 mi41, High Street, Colney Heath, St Albans, Hertfordshire AL4 0NS4
£362K11/200.57 mi2, Blackthorne Close, Hatfield, Hertfordshire AL10 9DS4
£485K12/200.59 mi98, High Street, Colney Heath, St. Albans, Hertfordshire AL4 0NP4
£485K12/200.6 mi98, High Street, Colney Heath, St. Albans, Hertfordshire AL4 0NP4
£300K11/200.61 mi33, Robins Way, Hatfield, Hertfordshire AL10 9QQ4
£800K09/230.71 mi9, Sleapcross Gardens, Smallford, St Albans, Hertfordshire AL4 0RX4
£751K12/200.71 mi25, Sleapcross Gardens, Smallford, St Albans, Hertfordshire AL4 0RX4
£325K03/230.75 mi14, Herneshaw, Hatfield, Hertfordshire AL10 9DG4
£335K06/230.75 mi112, Bishops Rise, Hatfield, Hertfordshire AL10 9QB4
£320K05/210.77 mi13, Hawthornes, Hatfield, Hertfordshire AL10 9DF4
£795K06/210.79 mi4, Coopers Gate, Colney Heath, St. Albans, Hertfordshire AL4 0ND4
£375K03/210.88 mi4, The Downs, Hatfield, Hertfordshire AL10 8JP4
£580K12/230.91 mi9, Brickfield, Hatfield, Hertfordshire AL10 8TN4
£415K03/230.95 mi35, Northdown Road, Hatfield, Hertfordshire AL10 8SH4

Local Rents

51 rents from £1.4K/mo to £4K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,41012/240.51 miLane End, Hatfield3
£2,40003/250.53 mi-4
£2,40003/250.53 mi-4
£2,08012/240.55 miBlackthorne Close, Hatfield4
£1,65012/240.57 miHazel Grove, Hatfield3
£1,65012/240.58 miHazel Grove, Hatfield, AL103
£2,71012/240.61 miFurzen Crescent, Hatfield6
£1,48512/240.61 miBROOM CLOSE, Student Accomodation 3
£1,41012/240.61 miLane End, Hatfield3
£1,65012/240.63 miFurzen Crescent, Hatfield, AL104
£2,15012/240.63 miHazel Grove, Hatfield5
£2,10012/240.65 miShallcross Crescent, Hatfield, AL104
£2,00004/250.66 mi-4
£2,10012/240.66 miShallcross Crescent4
£2,10012/240.67 miWillow Way, Hatfield, AL104
£2,10012/240.67 miWillow Way4
£2,25012/240.67 mi-5
£2,50004/250.67 mi-5
£2,15012/240.67 miWillow Way5
£1,53012/240.68 miWillow Way, Hatfield3
£1,80012/240.68 miWillow Way, Hatfield, AL105
£1,78012/240.69 miBishops Rise4
£1,62012/240.7 miWillow Way, Hatfield4
£1,80012/240.7 mi-3
£1,80012/240.7 mi-3
£1,52012/240.72 miHazel Grove, Hatfield, Hertfrodshire4
£1,48512/240.72 miCherry Way, Hatfield3
£1,70012/240.73 miBishops Rise, Hatfield, AL103
£1,80012/240.74 miBishops Rise, Hatfield4
£2,15012/240.75 miHerneshaw, Hatfield5
£1,60012/240.76 miThe Wades, Hatfield3
£2,15012/240.77 miBishops Rise5
£1,70012/240.77 miCherry Way, Hatfield, Hatfield, AL103
£1,68012/240.78 miGarden Avenue, Hatfield, AL104
£1,60012/240.78 miCherry Way, Hatfield4
£4,00001/250.79 mi-4
£1,65012/240.8 miHawthornes, Hatfield, AL103
£2,30012/240.84 miCheviots5
£1,60012/240.85 miNorthdown Road, Hatfield4
£1,85012/240.85 miCheviots4
£2,30012/240.86 miCheviots, Hatfield5
£2,04012/240.86 miBishops Rise, Hatfield4
£1,60012/240.89 miRowan Walk, Hatfield, AL103
£1,68012/240.89 miNorthdown Road, Hatfield4
£2,70012/240.9 miBishops Rise, Hatfield6
£2,79001/250.91 mi-6
£1,52012/240.91 miSummerfield, Hatfield, Hertfordshire4
£3,20012/240.92 miChilterns6
£1,90012/240.94 miEagle Way, Hatfield, AL104
£2,40012/240.94 miLark Rise, Hatfield, AL105
£1,65012/240.94 miEagle Way, Hatfield, AL104

Local Area Statistics

Population in AL4

27,203

Population in St Albans

114,693

Town centre distance

3.49 miles away

Nearest school

0.60 miles away

Nearest train station

1.60 miles away

 

 

Rental growth (12m)

-12%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Listed for £350,000

July 26, 2024

Floor Plans

Description

  • Prime Location +
  • Planning Approved +
  • Modern Living Accommodation +
  • Generous Plot +
  • Close to Local Amenities +
  • Excellent Transport Links +

PLOT ONLY

Nestled in the charming village of Colney Heath, less than five miles from the historic city centre of St Albans, is this unique opportunity to acquire a plot of land with approved planning permission for a four-bedroom detached house, boasting a generous 1,350 sq ft of living space

Planning Application: 5/2022/0664

-Prime Location
-Planning Approved
-Modern Living Accommodation
-Generous Plot
-Close to Local Amenities
-Excellent Transport Links

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.

FMS210299/1

Agent Details

Frost's, Marshalswick

01727 221786

Next Steps?

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