3 Bed Semi-Detached House, Refurb/BRRR, St Albans, AL1 5AH, £575,000

61 Frobisher Road, St. Albans, Hertfordshire, AL1 5AH - 9 views - 8 months ago

Sold STC
Refurb/BRRR
Planning
78 m²
+21 photos

ValuationOvervalued

Sold Prices£365.3K - £865K
Sold Prices/m²£4.9K/m² - £10.3K/m²

 

 

Square Metres

78 m²
Price/m²£7.4K/m²

Value Estimate

£515,517

 

 

End Value (After Refurb)

£535,714

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£143,750

Stamp Duty & Legal Fees

£34,700

Refurb Costs

£38,309

Bridging Loan Interest

£15,094

Total Cash In

£233,603

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£535,714

Mortgage (After Refinance)

£401,786

Mortgage LTV

75%

Cash Left In

£233,603

Equity

£133,929

Rent Range

£1,700 - £3,100

Rent Estimate

£2,172

Running Costs/mo

£2,129

Cashflow/mo

£43

Cashflow/yr

£522

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £365.3K to £865K, average is £607.5K. £4.9K/m² to £10.3K/m², average is £6.9K/m².

PriceDateDistanceAddressBeds 
£631.2K06/210.08 mi19, Howard Close, St. Albans, Hertfordshire AL1 5AL3
£727K11/220.13 mi35, Puddingstone Drive, St Albans, Hertfordshire AL4 0GX3
£820K07/230.14 mi39, Church Croft, St Albans, Hertfordshire AL4 0GN3
£675K01/240.15 mi70, Puddingstone Drive, St Albans, Hertfordshire AL4 0GY3
£450K02/230.15 mi30, Richard Stagg Close, St Albans, Hertfordshire AL1 5AT3
£667.5K03/210.19 mi3, Housefield Way, St. Albans, Hertfordshire AL4 0GP3
£625K07/230.2 mi2, Catham Close, St Albans, Hertfordshire AL1 5QT3
£650K09/230.21 mi14, Honeycroft Drive, St Albans, Hertfordshire AL4 0GE3
£565.3K06/210.22 mi29, Honeycroft Drive, St. Albans, Hertfordshire AL4 0GF3
£533.8K02/210.25 mi60, Windermere Avenue, St. Albans, Hertfordshire AL1 5QN3
£515K05/210.25 mi12, Newfield Way, St. Albans, Hertfordshire AL4 0GD3
£365.3K03/210.26 mi241, Cell Barnes Lane, St Albans, Hertfordshire AL1 5PZ3
£515K04/230.28 mi33, Tillage Close, Tyttenhanger, St Albans, Hertfordshire AL4 0FN3
£720K06/230.3 mi315, Camp Road, St Albans, Hertfordshire AL1 5NZ3
£525K05/230.33 mi130, Thirlmere Drive, St Albans, Hertfordshire AL1 5QL3
£480K01/210.34 mi160, Drakes Drive, St. Albans, Hertfordshire AL1 5AB3
£775K07/230.35 mi9, Glenlyn Avenue, St Albans, Hertfordshire AL1 5PF3
£550K10/220.37 mi23, Nelson Avenue, St Albans, Hertfordshire AL1 5SE3
£639K11/210.37 mi15, Beresford Road, St. Albans, Hertfordshire AL1 5NW3
£503K11/200.39 mi48, Princess Diana Drive, St. Albans, Hertfordshire AL4 0ED3
£690K03/210.41 mi11, Cairns Close, St. Albans, Hertfordshire AL4 0EA3
£600K11/210.41 mi9, Nelson Avenue, St Albans, Hertfordshire AL1 5SE3
£580K05/230.41 mi221, Camp Road, St Albans, Hertfordshire AL1 5NE3
£550K07/230.42 mi78, Cell Barnes Lane, St Albans, Hertfordshire AL1 5QJ3
£510K04/230.43 mi296, Camp Road, St Albans, Hertfordshire AL1 5PG3
£630K03/210.44 mi16, Royston Road, St Albans, Hertfordshire AL1 5NG3
£725K05/230.44 mi38, Royston Road, St Albans, Hertfordshire AL1 5NG3
£485K06/210.44 mi3, Kitchener Close, St. Albans, Hertfordshire AL1 5RJ3
£600K01/210.45 mi203, Camp Road, St. Albans, Hertfordshire AL1 5NB3
£800K03/210.46 mi4, Blake Close, St Albans, Hertfordshire AL1 5SG3
£625K12/220.46 mi15, Blake Close, St Albans, Hertfordshire AL1 5SG3
£800K02/210.46 mi9, Blake Close, St. Albans, Hertfordshire AL1 5SG3
£610K03/230.46 mi10, Blake Close, St Albans, Hertfordshire AL1 5SG3
£475K11/210.46 mi26, Whitecroft, St. Albans, Hertfordshire AL1 1UU3
£580K03/210.46 mi23, College Road, St. Albans, Hertfordshire AL1 5ND3
£665K02/230.47 mi6, Flinders Close, St Albans, Hertfordshire AL1 5SZ3
£605K05/230.48 mi49, Cambridge Road, St Albans, Hertfordshire AL1 5LE3
£865K01/230.49 mi39, Foxcroft, St Albans, Hertfordshire AL1 5SS3
£420K09/210.49 mi20, Whitecroft, St Albans, Hertfordshire AL1 1UU3
£462.5K03/210.5 mi34, Whitecroft, St. Albans, Hertfordshire AL1 1UU3
£635K07/210.5 mi13, Sovereign Park, St. Albans, Hertfordshire AL4 0FJ3
£475K11/200.52 mi29, Guildford Road, St. Albans, Hertfordshire AL1 5JX3
£575K09/210.53 mi10, Guildford Road, St. Albans, Hertfordshire AL1 5JY3
£480K03/210.55 mi57, Cell Barnes Lane, St. Albans, Hertfordshire AL1 5PT3
£550K06/230.55 mi77, New House Park, St Albans, Hertfordshire AL1 1UH3
£670K12/220.55 mi2, Guildford Road, St Albans, Hertfordshire AL1 5JY3
£625K05/210.56 mi54, Hedley Road, St Albans, Hertfordshire AL1 5JP3
£725K08/230.56 mi28a, Hedley Road, St Albans, Hertfordshire AL1 5JP3
£690K07/230.56 mi50, Hedley Road, St Albans, Hertfordshire AL1 5JP3
£721K08/230.56 mi31, Tyttenhanger Green, Tyttenhanger, St Albans, Hertfordshire AL4 0RN3

Local Rents

17 rents from £1.7K/mo to £3.1K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,00012/240.06 mi-3
£2,00012/240.16 miDrakes Drive, St Albans, Herts, AL13
£1,83012/240.43 miParkway Court, St Albans, AL13
£2,50012/240.5 miCollege Road, St. Albans, Hertfordshire, AL13
£2,59512/240.53 miSt Mary Court, St Albans, AL13
£2,40003/250.68 mi-3
£1,70012/240.76 miHatfield Road, St Albans, AL43
£2,30012/240.84 miWynchlands Crescent, St Albans, AL43
£2,25012/240.87 miHighfield Lane Tyttenhanger AL43
£2,33012/240.89 mi-3
£2,00012/241.02 miHatfield Road, St. Albans, Hertfordshire, AL1 4JE3
£2,25012/241.07 miOrient Close, St. Albans, Hertfordshire3
£1,70009/241.11 mi-3
£1,95012/241.11 miNapsbury Avenue, London Colney3
£1,94908/231.12 mi-3
£2,30008/241.15 mi-3
£3,10012/241.23 mi-3

Local Area Statistics

Population in AL1

36,241

Population in St Albans

114,693

Town centre distance

1.04 miles away

Nearest school

0.20 miles away

Nearest train station

1.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £575,000

September 11, 2024

Sold for £280,000

2006

Sold for £124,000

1999

Floor Plans

Description

  • CHAIN FREE +
  • SEMI DETACHED THREE BEDROOM HOUSE +
  • DRIVEWAY PARKING +
  • GREAT POTENTIAL (STPP) +
  • TRIPLE GARAGE +
  • DOWNSTAIRS W/C +
  • SPACIOUS LOUNGE +

Aubrey & Finn are delighted to present to the market this spacious and CHAIN FREE 3-bedroom family home, featuring a large triple garage/workshop outbuilding with significant potential for further development (STPP). The property has been well-maintained throughout, with carpeted living areas that offer a comfortable and inviting feel. The ground floor boasts a spacious lounge, a fitted kitchen with appliances, and a convenient downstairs W/C.

Upstairs, you’ll find three well-sized bedrooms—two of which are generous doubles—and a family bathroom. This home is positioned on a desirable corner plot, providing ample side parking on the driveway for multiple vehicles, along with a beautifully presented rear garden. The standout feature is the large triple garage, which offers fantastic opportunities for renovation or development, subject to planning permission.

Located just a stone's throw from Highfield Park and close to a number of highly regarded schools, this unique and rarely available property is an opportunity not to be missed. Call today to arrange a viewing!

Agent Details

Aubrey & Finn, St Albans

01727 222215

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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