2 Bed Flat, Single Let, St Albans, AL2 1EQ, £220,000

Cotlandswick, London Colney, St. Albans, AL2 1EQ - 5 views - 7 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£150K - £849.8K
Sold Prices/m²£2.2K/m² - £6.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£266,200
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Total Cash In

£62,800

 

 

Cash Out

 

Rent Range

£1,300 - £1,950

Rent Estimate

£1,306

Running Costs/mo

£969

Cashflow/mo

£337

Cashflow/yr

£4,048

ROI

6%

Gross Yield

7%

Local Sold Prices

43 sold prices from £150K to £849.8K, average is £299.5K. £2.2K/m² to £6.6K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£235.5K09/220.08 mi191, Cotlandswick, London Colney, St Albans, Hertfordshire AL2 1EG2
£337.5K12/230.19 mi60, Napsbury Avenue, London Colney, St Albans, Hertfordshire AL2 1LS2
£294K11/200.27 miFlat 3, Green Oak House, Shenley Lane, London Colney, St Albans, Hertfordshire AL2 1FE2
£150K12/200.3 mi4, Lime Tree Court, London Colney, St Albans, Hertfordshire AL2 1UL2
£245K11/220.33 mi196a, High Street, London Colney, St Albans, Hertfordshire AL2 1JQ2
£285K04/210.33 mi6, Chester Gibbons Green, London Colney, St Albans, Hertfordshire AL2 1HE2
£280K08/230.35 mi40, Haseldine Road, London Colney, St Albans, Hertfordshire AL2 1RT2
£849.8K01/230.36 mi12, Boyes Crescent, London Colney, St Albans, Hertfordshire AL2 1UB2
£531K04/230.36 mi14, Boyes Crescent, London Colney, St Albans, Hertfordshire AL2 1UB2
£405K12/200.37 miFlat 6, Academy Court, Goldring Way, London Colney, St. Albans, Hertfordshire AL2 1GZ2
£495K12/200.37 miFlat 3, Academy Court, Goldring Way, London Colney, St. Albans, Hertfordshire AL2 1GZ2
£465K06/210.37 miFlat 5, Academy Court, Goldring Way, London Colney, St. Albans, Hertfordshire AL2 1GZ2
£377K12/220.42 miApartment 4, Walter Slade Court, Norris Close, Napsbury Park, St Albans, Hertfordshire AL2 1WW2
£315K05/210.44 mi10, Bluett Road, London Colney, St. Albans, Hertfordshire AL2 1RN2
£325K01/210.46 mi17, Bluett Road, London Colney, St. Albans, Hertfordshire AL2 1RN2
£315K11/200.46 mi16, Bluett Road, London Colney, St Albans, Hertfordshire AL2 1RN2
£329.9K12/220.51 mi16, Kennedy Close, London Colney, St Albans, Hertfordshire AL2 1GR2
£475K09/210.51 miFlat 7, Logan Court, Beningfield Drive, Napsbury Park, St Albans, Hertfordshire AL2 1GD2
£335K03/230.52 mi2, Meadow Close, London Colney, St Albans, Hertfordshire AL2 1RQ2
£295K10/220.52 mi13, Meadow Close, London Colney, St Albans, Hertfordshire AL2 1RQ2
£297K09/210.52 mi32, Sanders Close, London Colney, St Albans, Hertfordshire AL2 1NZ2
£300K11/200.52 mi6, Sanders Close, London Colney, St. Albans, Hertfordshire AL2 1NZ2
£299.5K12/200.52 mi23, Meadow Close, London Colney, St. Albans, Hertfordshire AL2 1RQ2
£350K09/220.53 mi8, Sanders Close, London Colney, St Albans, Hertfordshire AL2 1NZ2
£280K09/220.55 mi21, Meadow Close, London Colney, St Albans, Hertfordshire AL2 1RQ2
£325K12/200.56 mi83, St Annes Road, London Colney, St. Albans, Hertfordshire AL2 1PA2
£278K11/220.58 miFlat 3, Heather Court, St Annes Road, London Colney, St Albans, Hertfordshire AL2 1HQ2
£227.5K01/210.6 mi36, Meadow Close, London Colney, St. Albans, Hertfordshire AL2 1RH2
£408K11/200.63 miFlat 7, The Brownings, Beningfield Drive, Napsbury Park, St. Albans, Hertfordshire AL2 1GH2
£496K11/210.64 miFlat 5, Great Leys Court, Beningfield Drive, Napsbury Park, St. Albans, Hertfordshire AL2 1GJ2
£520K02/210.66 miFlat 5, Rush Leys Court, Beningfield Drive, Napsbury Park, St Albans, Hertfordshire AL2 1GN2
£222K06/210.67 mi50, Hardwicke Place, London Colney, St. Albans, Hertfordshire AL2 1PX2
£440K01/230.91 miFlat 11, Lansdowne Place, London Road, St Albans, Hertfordshire AL1 1LT2
£430K12/200.91 miFlat 12, Lansdowne Place, London Road, St. Albans, Hertfordshire AL1 1LT2
£223K01/240.94 mi47, Thamesdale, London Colney, St Albans, Hertfordshire AL2 1TA2
£250K08/210.96 mi9, Ribbledale, London Colney, St Albans, Hertfordshire AL2 1TD2
£245K06/210.96 mi13, Watersplash Court, London Colney, St. Albans, Hertfordshire AL2 1TN2
£255K08/230.96 mi11, Watersplash Court, London Colney, St Albans, Hertfordshire AL2 1TN2
£245K02/210.96 mi24, Watersplash Court, London Colney, St. Albans, Hertfordshire AL2 1TN2
£250K04/230.96 mi14, Watersplash Court, London Colney, St Albans, Hertfordshire AL2 1TN2
£233K06/211 mi21, Wyedale, London Colney, St. Albans, Hertfordshire AL2 1TG2
£245K10/231 mi22, Wyedale, London Colney, St Albans, Hertfordshire AL2 1TG2
£210K03/211 mi22, Wyedale, London Colney, St. Albans, Hertfordshire AL2 1TG2

Local Rents

12 rents from £1.3K/mo to £1.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,49904/250.19 mi-2
£1,55012/240.27 miShenley Lane, St. Albans, Hertfordshire, AL2 1FE2
£1,75012/240.27 miKings Road, London Colney2
£1,45002/240.29 mi-2
£1,50012/240.4 miNapier Close, London Colney, AL22
£1,35012/240.42 miHigh Street, London Colney, St Albans2
£1,35012/240.44 miHigh Street, London Colney, High Street, AL2, AL22
£1,70001/240.48 mi-2
£1,30010/240.55 mi-2
£1,30012/240.6 miMeadow Close, London Colney, St Albans, Herts, AL22
£1,95003/250.61 mi-2
£1,47512/240.62 miGoldring Court, Goldring Way, London Colney, St. Albans, AL22

Local Area Statistics

Population in AL2

23,314

Population in St Albans

114,693

Town centre distance

1.49 miles away

Nearest school

0.30 miles away

Nearest train station

1.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £220,000

September 20, 2024

Floor Plans

Description

  • Ground Floor Apartment +
  • Two Double Bedrooms +
  • Communal Parking +
  • 650 sq ft +
  • Ideal for First-Time Buyers, Downsizers, or Investors +
  • Within Easy Access to the M25 and A1(M) +

SUMMARY
Nestled in the desirable Cotlandswick area of London Colney, St Albans (AL2 1EQ), this charming ground-floor apartment offers a well-proportioned living space of 650 sq ft.

DESCRIPTION
Nestled in the desirable Cotlandswick area of London Colney, St Albans (AL2 1EQ), this charming ground-floor apartment offers a well-proportioned living space of 650 sq ft. The property features two generously sized bedrooms, ideal for first-time buyers, downsizers, or investors.

The apartment benefits from communal parking and is conveniently located close to local amenities, including shops, restaurants, and transport links, making it an ideal base for commuters. With easy access to the M25 and A1(M), this property combines comfort, convenience, and an enviable location. A perfect opportunity for modern living in a peaceful setting.

Hallway 

Living Room 18' x 11' 10" ( 5.49m x 3.61m )

Kitchen 9' max x 5' max ( 2.74m max x 1.52m max )

Bedroom 1 12' x 10' ( 3.66m x 3.05m )

Bedroom 2 12' x 10' ( 3.66m x 3.05m )

Bathroom 

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, St. Albans

01727 649379

Next Steps?

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