2 Bed Flat, Single Let, St Albans, AL1 5AH, £280,000

13 Frobisher Road, St Albans, Hertfordshire, AL1 5AH - 5 views - 6 months ago

Leasehold

BTL

ROI: 3%

69 m²

+8 photos

ValuationUndervalued

Sold Prices	£235K - £965K
Sold Prices/m²	£3.7K/m² - £8.7K/m²

Square Metres	69 m²
Price/m²	£4.1K/m²
Value Estimate	£350,000£350,000
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£70,000£70,000
Stamp Duty & Legal Fees	£11,100£11,100
Total Cash In	£81,100£81,100

Cash Out
Rent Range	£1,350 - £2,000£1,350 - £2,000
Rent Estimate	£1,373
Running Costs/mo	£1,170£1,170
Cashflow/mo	£203£203
Cashflow/yr	£2,441£2,441
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

23 sold prices from £235K to £965K, average is £300K. £3.7K/m² to £8.7K/m², average is £5.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£235K	07/21	0 mi	59, Frobisher Road, St Albans, Hertfordshire AL1 5AH	-	-	2	Flat
£290K	01/23	0.27 mi	5, Buttermere Close, St Albans, Hertfordshire AL1 5TD	£5,088	57	2	Flat
£400K	01/21	0.47 mi	Ground Floor Flat, 27, Cambridge Road, St Albans, Hertfordshire AL1 5LD	-	-	2	Flat
£430K	12/20	0.47 mi	Flat 12, Lansdowne Place, London Road, St. Albans, Hertfordshire AL1 1LT	-	-	2	Flat
£440K	01/23	0.47 mi	Flat 11, Lansdowne Place, London Road, St Albans, Hertfordshire AL1 1LT	£5,641	78	2	Flat
£515K	04/23	0.53 mi	Apartment 9, Old Mile House Court, St Albans, Hertfordshire AL1 1AR	-	-	2	Flat
£965K	03/21	0.58 mi	2, Mile House Lane, St. Albans, Hertfordshire AL1 1TB	£8,694	111	2	Flat
£378K	05/21	0.63 mi	Flat 4, St. James Court, Park View Close, St. Albans, Hertfordshire AL1 5TL	-	-	2	Flat
£350K	06/21	0.63 mi	Flat 11, Mistral Court, Bakers Close, St Albans, Hertfordshire AL1 5FH	-	-	2	Flat
£299.5K	12/20	0.64 mi	39, Abbots Park, St. Albans, Hertfordshire AL1 1TW	£5,990	50	2	Flat
£304.5K	08/21	0.64 mi	20, Abbots Park, St. Albans, Hertfordshire AL1 1TW	£5,717	53	2	Flat
£300K	10/22	0.72 mi	11, Cedarwood Drive, St Albans, Hertfordshire AL4 0DX	£5,907	51	2	Flat
£285K	11/23	0.74 mi	72, Cedarwood Drive, St Albans, Hertfordshire AL4 0DW	£5,584	51	2	Flat
£287K	06/21	0.74 mi	68, Cedarwood Drive, St. Albans, Hertfordshire AL4 0DW	£5,627	51	2	Flat
£235K	04/23	0.76 mi	42, Cedar Court, St Albans, Hertfordshire AL4 0DL	£4,519	52	2	Flat
£287.5K	10/21	0.76 mi	27, Cedar Court, St. Albans, Hertfordshire AL4 0DL	-	-	2	Flat
£240K	06/23	0.76 mi	28, Cedar Court, St Albans, Hertfordshire AL4 0DL	£4,615	52	2	Flat
£267K	06/21	0.76 mi	38, Cedar Court, St. Albans, Hertfordshire AL4 0DL	£5,038	53	2	Flat
£237.5K	12/20	0.76 mi	49, Cedar Court, St Albans, Hertfordshire AL4 0DL	£4,948	48	2	Flat
£400.5K	01/23	0.86 mi	14, Kenton Gardens, St Albans, Hertfordshire AL1 1JS	£7,152	56	2	Flat
£308.5K	10/20	0.93 mi	4, Camp Road, St. Albans, Hertfordshire AL1 5DY	£5,198	59	2	Flat
£235.5K	09/22	0.99 mi	191, Cotlandswick, London Colney, St Albans, Hertfordshire AL2 1EG	£3,723	63	2	Flat
£462.5K	05/23	1 mi	51, Stanhope Road, St Albans, Hertfordshire AL1 5BJ	£5,378	86	2	Flat

Local Rents

16 rents from £1.4K/mo to £2K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,350	12/24	0.11 mi	Richard Street, Tiverton House, Hatfield	2	Flat
£1,350	12/24	0.11 mi	Richard Street , Hatfield , Hertfordshire	2	Flat
£1,795	12/24	0.38 mi	Camp Road, St. Albans, Hertfordshire, AL1 5NE	2	Terraced House
£1,395	12/24	0.45 mi	Haig Close, St Albans, AL1	2	Flat
£1,650	12/24	0.48 mi	Pine Ridge, St Albans, AL1	2	Flat
£1,650	12/24	0.48 mi	-	2	Flat
£1,450	12/24	0.48 mi	London Road, St Albans, AL1	2	Flat
£1,600	12/24	0.52 mi	Camp View Road, St. Albans, Hertfordshire, AL1 5LL1	2	Flat
£1,750	04/25	0.53 mi	-	2	Terraced House
£1,600	12/24	0.57 mi	Sutton Road, St. Albans, Hertfordshire, AL1	2	Flat
£1,800	12/24	0.58 mi	-	2	Flat
£1,900	04/25	0.58 mi	-	2	Flat
£1,400	01/25	0.58 mi	-	2	Flat
£1,775	02/24	0.59 mi	-	2	Flat
£1,850	12/24	0.61 mi	Longacres, St. Albans	2	Flat
£2,000	12/24	0.62 mi	London Road, St Albans	2	Flat

Local Area Statistics

Population in AL1	36,24136,241
Population in St Albans	114,693114,693
Town centre distance	1 miles away1 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.21 miles away1.21 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+23%+23%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+16%+16%

Property History

Listed for £280,000

October 3, 2024

Sold for £217,000

2014

Sold for £175,000

2007

Sold for £82,000

2000

Sold for £62,500

1999

Sold for £52,000

1995

Floor Plans

Description

CHAIN FREE +
TWO LARGE BEDROOMS +
LONG LEASE +
GREAT LOCATION +
PLAYROOM/STUDY +

SUMMARY
A bright and spacious TWO DOUBLE BEDROOM SECOND FLOOR (top) purpose built flat conveniently positioned with easy access to the local motorway network. Perfect for a first time buyer or someone looking for a good sized home in a convenient location.

DESCRIPTION
A bright and spacious TWO DOUBLE BEDROOM SECOND FLOOR (top) purpose built flat conveniently positioned with easy access to the local motorway network. Perfect for a first time buyer or someone looking for a good sized home in a convenient location.

Entrance Hall
Laminate flooring. Video entry system. Storage cupboard. Access to loft. Door to all rooms.

Living Room 14' 3" x 12' 8" ( 4.34m x 3.86m )
Laminate flooring. Radiator. Double glazed window to front. Door to play room.

Kitchen 10' 2" x 7' 6" ( 3.10m x 2.29m )
Fitted with a range of wall and base units. Sink drainer. Work surfaces. Electric oven. Gas hob. Extractor fan. Plumbing for washing machine. Boiler. Space for fridge freezer. Vinyl flooring. Double glazed windows.

Playroom/Study 10' 9" x 4' 8" ( 3.28m x 1.42m )
Fitted carpet. Double glazed window to front.

Bedroom One 9' 8" x 12' 1" ( 2.95m x 3.68m )
Fitted carpet. Storage cupboard. Radiator. Built in wardrobes. Double glazed windows.

Bedroom Two 12' 1" x 9' 8" ( 3.68m x 2.95m )
Fitted carpet. Radiator. Double glazed windows.

Lease details are currently being compiled. For 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: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, St Albans

01727 222284

Next Steps?

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