3 Bed Semi-Detached House, Refurb/BRRR, St Albans, AL4 9UU, £785,000

Barnfield Road, St. Albans, Hertfordshire, AL4 9UU - 4 views - 8 months ago

Sold STC
Refurb/BRRR
~107 m²
+7 photos

ValuationOvervalued

Sold Prices£400K - £1.3M
Sold Prices/m²£5.2K/m² - £10.3K/m²

 

 

Square Metres

~106.60 m²
Price/m²£7.4K/m²

Value Estimate

£734,374

 

 

End Value (After Refurb)

£622,375

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£196,250

Stamp Duty & Legal Fees

£69,700

Refurb Costs

£52,727

Bridging Loan Interest

£20,606

Total Cash In

£341,033

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£622,375

Mortgage (After Refinance)

£466,781

Mortgage LTV

75%

Cash Left In

£341,033

Equity

£155,594

Rent Range

£1,700 - £6,500

Rent Estimate

£2,628

Running Costs/mo

£2,491

Cashflow/mo

£137

Cashflow/yr

£1,650

ROI

0%

Gross Yield

4%

Local Sold Prices

50 sold prices from £400K to £1.3M, average is £676.1K. £5.2K/m² to £10.3K/m², average is £7K/m².

PriceDateDistanceAddressBeds 
£700K06/210.05 mi36, Barnfield Road, St Albans, Hertfordshire AL4 9UU3
£765K06/210.08 mi28, Barnfield Road, St Albans, Hertfordshire AL4 9UU3
£621.5K06/210.08 mi1, Fernleys, St. Albans, Hertfordshire AL4 9UT3
£831.1K01/230.1 mi37, Hazelmere Road, St Albans, Hertfordshire AL4 9SA3
£530K06/230.11 mi7, Broomleys, St Albans, Hertfordshire AL4 9UR3
£905K02/240.11 mi58, Hazelmere Road, St Albans, Hertfordshire AL4 9RN3
£672.3K09/230.11 mi14, Wheatleys, St Albans, Hertfordshire AL4 9UE3
£719K10/230.12 mi16, Barnfield Road, St Albans, Hertfordshire AL4 9UP3
£625K01/210.12 mi14, Broom Leys, St. Albans, Hertfordshire AL4 9UR3
£850K10/200.14 mi21, Woodfield Way, St Albans, Hertfordshire AL4 9RY3
£721K08/210.15 mi191, Sandpit Lane, St. Albans, Hertfordshire AL4 0BT3
£817.5K11/200.2 mi191, The Ridgeway, St Albans, Hertfordshire AL4 9XF3
£840K04/210.24 mi7, Hazelmere Road, St. Albans, Hertfordshire AL4 9RR3
£1.3M06/210.25 mi12, Rose Walk, St Albans, Hertfordshire AL4 9AF3
£900K06/210.27 mi20, Hazelmere Road, St Albans, Hertfordshire AL4 9RW3
£850K06/210.27 mi35, Rose Walk, St Albans, Hertfordshire AL4 9AA3
£400K03/210.3 mi5, Eastfield Court, St. Albans, Hertfordshire AL4 9JL3
£1.1M03/230.31 mi122, Marshalswick Lane, St Albans, Hertfordshire AL1 4XD3
£805K03/230.31 mi27, Chestnut Drive, St Albans, Hertfordshire AL4 0ER3
£631K04/240.32 mi16, Villiers Crescent, St Albans, Hertfordshire AL4 9HY3
£650K01/230.32 mi65, Harness Way, St Albans, Hertfordshire AL4 9HB3
£565K01/240.33 mi10, Hunt Close, St Albans, Hertfordshire AL4 9JH3
£790K04/240.34 mi31, Sherwood Avenue, St Albans, Hertfordshire AL4 9QJ3
£546K09/230.36 mi24, Gladeside, St Albans, Hertfordshire AL4 9JA3
£525K05/230.36 mi21, Gladeside, St Albans, Hertfordshire AL4 9JA3
£570K10/230.38 mi7, Cheriton Close, St Albans, Hertfordshire AL4 9HU3
£515K07/240.38 mi134, Newgate Close, St Albans, Hertfordshire AL4 9JE3
£400K06/210.38 mi32, Newgate Close, St. Albans, Hertfordshire AL4 9JE3
£442.5K01/230.39 mi7, Elizabeth Court, St Albans, Hertfordshire AL4 9JB3
£975K01/230.39 mi48, Kingshill Avenue, St Albans, Hertfordshire AL4 9QB3
£680K02/240.39 mi16, Windmill Avenue, St Albans, Hertfordshire AL4 9TF3
£592K05/210.4 mi68, Villiers Crescent, St Albans, Hertfordshire AL4 9HZ3
£455K08/210.4 mi67, Newgate Close, St Albans, Hertfordshire AL4 9JF3
£478.5K12/220.4 mi41, Newgate Close, St Albans, Hertfordshire AL4 9JF3
£520K01/240.4 mi10, Harvesters, St Albans, Hertfordshire AL4 9QU3
£850K06/210.4 mi22, Skys Wood Road, St. Albans, Hertfordshire AL4 9PG3
£920K06/230.4 mi178, The Ridgeway, St Albans, Hertfordshire AL4 9XJ3
£925K11/220.43 mi29, Queens Crescent, St Albans, Hertfordshire AL4 9QG3
£701K12/200.43 mi94, Woodland Drive, St. Albans, Hertfordshire AL4 0ET3
£850K07/230.43 mi74, Woodland Drive, St Albans, Hertfordshire AL4 0ET3
£580K02/240.44 mi18, Stanton Close, St Albans, Hertfordshire AL4 9HT3
£670K08/230.44 mi6, Stanton Close, St Albans, Hertfordshire AL4 9HT3
£613K05/210.44 mi39, Ripon Way, St. Albans, Hertfordshire AL4 9AJ3
£475K04/240.44 mi6, Ripon Way, St Albans, Hertfordshire AL4 9AJ3
£920K01/240.44 mi11, Queens Crescent, St Albans, Hertfordshire AL4 9QG3
£920K07/230.45 mi113, The Ridgeway, St Albans, Hertfordshire AL4 9XA3
£890K03/210.45 mi104, Beechwood Avenue, St. Albans, Hertfordshire AL1 4XZ3
£470K05/210.46 mi1, Harley Court, St. Albans, Hertfordshire AL4 9HS3
£595K03/210.47 mi63, Windmill Avenue, St. Albans, Hertfordshire AL4 9SJ3
£552K02/230.47 mi35, Windmill Avenue, St Albans, Hertfordshire AL4 9SJ3

Local Rents

17 rents from £1.7K/mo to £6.5K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,65001/240.17 mi-3
£3,10012/240.32 mi-3
£2,00012/240.36 miGladeside3
£2,10012/240.39 miTewin Close, St. Albans, Hertfordshire, AL43
£3,00012/240.6 miThe Ridgeway, St Albans, Herts, AL43
£2,85012/240.67 miLangham Close, St. Albans, Hertfordshire3
£1,70012/240.75 miHatfield Road, St Albans, AL43
£6,50003/250.76 mi-3
£2,30012/240.8 miWynchlands Crescent, St Albans, AL43
£2,40003/250.83 mi-3
£2,33012/240.84 mi-3
£2,59512/241.03 miSt Mary Court, St Albans, AL13
£2,50012/241.1 miCollege Road, St. Albans, Hertfordshire, AL13
£2,20012/241.12 miSummerhill Court, Avenue Road, St Albans, AL13
£2,25012/241.14 miLaurel Edge, Avenue Road, St. Albans, Hertfordshire3
£2,20012/241.17 miBeech Road, St. Albans, Hertfordshire, AL3 5AW3
£2,00012/241.21 miHatfield Road, St. Albans, Hertfordshire, AL1 4JE3

Local Area Statistics

Population in AL4

27,203

Population in St Albans

114,693

Town centre distance

1.93 miles away

Nearest school

0.20 miles away

Nearest train station

1.54 miles away

 

 

Rental growth (12m)

-12%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Listed for £785,000

August 6, 2024

Floor Plans

Description

  • Three Bedroom Semi Detached Nash +
  • Driveway and Garage Parking +
  • In Need Of Modernisation +
  • 1,356 Square Feet +
  • Potential to Extend STP +
  • Sought After Location +
  • 0.8 miles to Sandringham School +
  • Close to Local Amenities +

A fantastic opportunity to purchase an unextended Nash style semi-detached three bedroom home sitting on approximately 1,356 sqft. The property is in need of modernisation with scope to extend subject to planning and is situated at the top of Barnfield Road, 0.8 miles to Sandringham School.

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.

FMS240312/1

Agent Details

Frost's, Marshalswick

01727 221786

Next Steps?

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