3 Bed Semi-Detached House, Refurb/BRRR, St Albans, AL4 9UN, £800,000

Springwood Walk, St. Albans, Hertfordshire, AL4 9UN - 11 views - 8 months ago

Sold STC
Refurb/BRRR
Planning
~93 m²
+10 photos

ValuationOvervalued

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

 

 

Square Metres

~93 m²
Price/m²£8.6K/m²

Value Estimate

£631,659

 

 

End Value (After Refurb)

£710,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£200,000

Stamp Duty & Legal Fees

£54,700

Refurb Costs

£46,000

Bridging Loan Interest

£21,000

Total Cash In

£323,450

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£710,500

Mortgage (After Refinance)

£532,875

Mortgage LTV

75%

Cash Left In

£323,450

Equity

£177,625

Rent Range

£1,700 - £5,500

Rent Estimate

£2,466

Running Costs/mo

£2,734

Cashflow/mo

£-268

Cashflow/yr

£-3,210

Gross Yield

4%

Local Sold Prices

50 sold prices from £400K to £1.3M, average is £604K. £5.2K/m² to £10.3K/m², average is £7K/m².

PriceDateDistanceAddressBeds 
£625K01/210.09 mi14, Broom Leys, St. Albans, Hertfordshire AL4 9UR3
£530K06/230.1 mi7, Broomleys, St Albans, Hertfordshire AL4 9UR3
£817.5K11/200.13 mi191, The Ridgeway, St Albans, Hertfordshire AL4 9XF3
£719K10/230.13 mi16, Barnfield Road, St Albans, Hertfordshire AL4 9UP3
£621.5K06/210.15 mi1, Fernleys, St. Albans, Hertfordshire AL4 9UT3
£631K04/240.15 mi16, Villiers Crescent, St Albans, Hertfordshire AL4 9HY3
£400K03/210.15 mi5, Eastfield Court, St. Albans, Hertfordshire AL4 9JL3
£565K01/240.16 mi10, Hunt Close, St Albans, Hertfordshire AL4 9JH3
£700K06/210.18 mi36, Barnfield Road, St Albans, Hertfordshire AL4 9UU3
£765K06/210.18 mi28, Barnfield Road, St Albans, Hertfordshire AL4 9UU3
£831.1K01/230.18 mi37, Hazelmere Road, St Albans, Hertfordshire AL4 9SA3
£650K01/230.18 mi65, Harness Way, St Albans, Hertfordshire AL4 9HB3
£546K09/230.19 mi24, Gladeside, St Albans, Hertfordshire AL4 9JA3
£525K05/230.19 mi21, Gladeside, St Albans, Hertfordshire AL4 9JA3
£721K08/210.2 mi191, Sandpit Lane, St. Albans, Hertfordshire AL4 0BT3
£905K02/240.22 mi58, Hazelmere Road, St Albans, Hertfordshire AL4 9RN3
£672.3K09/230.22 mi14, Wheatleys, St Albans, Hertfordshire AL4 9UE3
£442.5K01/230.22 mi7, Elizabeth Court, St Albans, Hertfordshire AL4 9JB3
£515K07/240.22 mi134, Newgate Close, St Albans, Hertfordshire AL4 9JE3
£400K06/210.22 mi32, Newgate Close, St. Albans, Hertfordshire AL4 9JE3
£592K05/210.24 mi68, Villiers Crescent, St Albans, Hertfordshire AL4 9HZ3
£570K10/230.24 mi7, Cheriton Close, St Albans, Hertfordshire AL4 9HU3
£455K08/210.26 mi67, Newgate Close, St Albans, Hertfordshire AL4 9JF3
£478.5K12/220.26 mi41, Newgate Close, St Albans, Hertfordshire AL4 9JF3
£580K02/240.28 mi18, Stanton Close, St Albans, Hertfordshire AL4 9HT3
£670K08/230.28 mi6, Stanton Close, St Albans, Hertfordshire AL4 9HT3
£470K05/210.3 mi1, Harley Court, St. Albans, Hertfordshire AL4 9HS3
£613K05/210.3 mi39, Ripon Way, St. Albans, Hertfordshire AL4 9AJ3
£475K04/240.3 mi6, Ripon Way, St Albans, Hertfordshire AL4 9AJ3
£840K04/210.3 mi7, Hazelmere Road, St. Albans, Hertfordshire AL4 9RR3
£520K01/240.3 mi10, Harvesters, St Albans, Hertfordshire AL4 9QU3
£680K02/240.32 mi16, Windmill Avenue, St Albans, Hertfordshire AL4 9TF3
£900K06/210.35 mi20, Hazelmere Road, St Albans, Hertfordshire AL4 9RW3
£570K06/210.36 mi54, Beverley Gardens, St. Albans, Hertfordshire AL4 9BJ3
£587K08/210.36 mi29, Beverley Gardens, St. Albans, Hertfordshire AL4 9BJ3
£620K03/230.36 mi58, Beverley Gardens, St Albans, Hertfordshire AL4 9BJ3
£920K06/230.39 mi178, The Ridgeway, St Albans, Hertfordshire AL4 9XJ3
£560K12/230.41 mi9, Craiglands, St Albans, Hertfordshire AL4 9AH3
£640K06/210.41 mi5, Craiglands, St. Albans, Hertfordshire AL4 9AH3
£1.3M06/210.41 mi12, Rose Walk, St Albans, Hertfordshire AL4 9AF3
£920K07/230.42 mi113, The Ridgeway, St Albans, Hertfordshire AL4 9XA3
£440K03/210.42 mi10, Chiltern Road, St Albans, Hertfordshire AL4 9TE3
£515K03/210.42 mi14, Chiltern Road, St. Albans, Hertfordshire AL4 9TE3
£410.3K12/200.42 mi2, Chiltern Road, St Albans, Hertfordshire AL4 9TE3
£850K06/210.44 mi35, Rose Walk, St Albans, Hertfordshire AL4 9AA3
£595K03/210.44 mi63, Windmill Avenue, St. Albans, Hertfordshire AL4 9SJ3
£552K02/230.44 mi35, Windmill Avenue, St Albans, Hertfordshire AL4 9SJ3
£790K04/240.45 mi31, Sherwood Avenue, St Albans, Hertfordshire AL4 9QJ3
£570K01/230.46 mi55, Richmond Walk, St Albans, Hertfordshire AL4 9BB3
£805K03/230.46 mi27, Chestnut Drive, St Albans, Hertfordshire AL4 0ER3

Local Rents

15 rents from £1.7K/mo to £5.5K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,65001/240.13 mi-3
£2,00012/240.19 miGladeside3
£1,75004/250.26 mi-3
£1,98004/250.29 mi-3
£3,10012/240.37 mi-3
£2,10012/240.39 miTewin Close, St. Albans, Hertfordshire, AL43
£2,85012/240.59 miLangham Close, St. Albans, Hertfordshire3
£3,00012/240.67 miThe Ridgeway, St Albans, Herts, AL43
£2,30012/240.83 miWynchlands Crescent, St Albans, AL43
£1,70012/240.86 miHatfield Road, St Albans, AL43
£2,40003/250.91 mi-3
£5,50004/250.92 mi-3
£2,33012/240.99 mi-3
£2,59512/241.15 miSt Mary Court, St Albans, AL13
£2,50012/241.22 miCollege Road, St. Albans, Hertfordshire, AL13

Local Area Statistics

Population in AL4

27,203

Population in St Albans

114,693

Town centre distance

2.08 miles away

Nearest school

0.30 miles away

Nearest train station

1.71 miles away

 

 

Rental growth (12m)

-12%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Price changed to £800,000

December 19, 2024

Listed for £825,000

September 3, 2024

Floor Plans

Description

  • Sought After Location +
  • Semi-Detached +
  • Potential To Extend STPP +
  • Close to Schooling +
  • Three Bedrooms +
  • Three Reception Rooms +
  • Driveway +
  • Garage +

Located in a sought after location is this SEMI-DETACHED house. This property boasts three reception rooms and three bedrooms, offering comfortable and functional living space for a growing family.

This property is in need of modernisation throughout and is ideal for a family to put their own stamp on. The well-maintained garden is perfect for outdoor enjoyment and relaxation. Additional features include off-street parking and a garage, providing convenience.

This property has the POTENTIAL TO EXTEND, subject to the necessary planning permissions.

Springwood Walk is conveniently located within walking distance of the popular Quadrant shopping parade and close to outstanding schooling, whilst the city centre with its wider variety of shopping facilities and restaurants is only a short drive away.

St Albans mainline station with trains to London St Pancras is also only a short drive away and there is a regular bus service close by.

Agent Details

Bradford & Howley, Marshalswick

01727 649770

Next Steps?

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