3 Bed Semi-Detached House, Refurb/BRRR, St Albans, AL3 5PH, £575,000

Waverley Road, St. Albans, Hertfordshire, AL3 5PH - 5 views - 6 months ago

Sold STC
Cash
Refurb/BRRR
Planning
~93 m²

ValuationFair Value

Sold Prices£455K - £938.8K
Sold Prices/m²£5.6K/m² - £11.4K/m²

 

 

Square Metres

~93 m²
Price/m²£6.2K/m²

Value Estimate

£575,000

 

 

End Value (After Refurb)

£768,745

Uplift in Value

+34%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£143,750

Stamp Duty & Legal Fees

£34,700

Refurb Costs

£45,488

Bridging Loan Interest

£15,094

Total Cash In

£240,782

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£768,745

Agent Fees (1%)

£7,687

Bridging Loan

£431,250

Bridging Loan Interest

£15,094

Flip Profit

£89,026

Local Sold Prices

50 sold prices from £455K to £938.8K, average is £675.5K. £5.6K/m² to £11.4K/m², average is £8.3K/m².

PriceDateDistanceAddressBeds 
£800K07/210.02 mi49, Waverley Road, St. Albans, Hertfordshire AL3 5PH3
£723K12/200.05 mi57, Grange Street, St. Albans, Hertfordshire AL3 5LZ3
£690K05/210.05 mi53, Grange Street, St. Albans, Hertfordshire AL3 5LZ3
£938.8K03/210.07 mi39, Carlisle Avenue, St Albans, Hertfordshire AL3 5LX3
£850K08/230.08 mi28, Pegasus Place, St Albans, Hertfordshire AL3 5QT3
£720K12/200.08 mi32, Pegasus Place, St. Albans, Hertfordshire AL3 5QT3
£750K11/200.08 mi21, Pegasus Place, St. Albans, Hertfordshire AL3 5QT3
£799.9K01/210.09 mi65, Normandy Road, St. Albans, Hertfordshire AL3 5PT3
£750K11/230.09 mi77, Normandy Road, St Albans, Hertfordshire AL3 5PT3
£642.5K09/230.1 mi83, Normandy Road, St Albans, Hertfordshire AL3 5PU3
£618K06/210.1 mi89, Normandy Road, St. Albans, Hertfordshire AL3 5PU3
£815.5K11/200.11 mi10, Kimberley Road, St Albans, Hertfordshire AL3 5PX3
£652.5K10/200.11 mi18, Dalton Street, St. Albans, Hertfordshire AL3 5QJ3
£615K11/200.11 mi22, Dalton Street, St Albans, Hertfordshire AL3 5QJ3
£592.5K01/240.11 mi12, Dalton Street, St Albans, Hertfordshire AL3 5QJ3
£628K06/240.12 mi16, Ladysmith Road, St Albans, Hertfordshire AL3 5QA3
£800K02/210.12 mi34, Ladysmith Road, St Albans, Hertfordshire AL3 5QA3
£820K02/210.12 mi22, Ladysmith Road, St. Albans, Hertfordshire AL3 5QA3
£670K11/200.12 mi14, Ladysmith Road, St. Albans, Hertfordshire AL3 5QA3
£652.5K03/240.12 mi12, Ladysmith Road, St Albans, Hertfordshire AL3 5QA3
£565K02/210.12 mi37, Dalton Street, St. Albans, Hertfordshire AL3 5QH3
£685K03/230.14 mi67, Bernard Street, St Albans, Hertfordshire AL3 5QL3
£690K07/240.14 mi89, Bernard Street, St Albans, Hertfordshire AL3 5QL3
£716.2K05/240.14 mi83, Bernard Street, St Albans, Hertfordshire AL3 5QL3
£750K02/210.15 mi27, Ladysmith Road, St. Albans, Hertfordshire AL3 5PZ3
£570K12/220.15 mi25, Kimberley Road, St Albans, Hertfordshire AL3 5PX3
£620K01/210.15 mi48, Kimberley Road, St Albans, Hertfordshire AL3 5PX3
£615K09/230.15 mi3, Kimberley Road, St Albans, Hertfordshire AL3 5PX3
£595.5K10/200.15 mi26, Kimberley Road, St. Albans, Hertfordshire AL3 5PX3
£667.5K05/210.15 mi19, Kimberley Road, St. Albans, Hertfordshire AL3 5PX3
£630K06/210.15 mi42, Kimberley Road, St. Albans, Hertfordshire AL3 5PX3
£635K01/210.15 mi24, Kimberley Road, St Albans, Hertfordshire AL3 5PX3
£760K02/230.15 mi8, Kimberley Road, St Albans, Hertfordshire AL3 5PX3
£720K07/240.15 mi48, Kimberley Road, St Albans, Hertfordshire AL3 5PX3
£697.5K09/230.15 mi24, Kimberley Road, St Albans, Hertfordshire AL3 5PX3
£625K01/210.16 mi30, Folly Avenue, St. Albans, Hertfordshire AL3 5QD3
£455K04/240.16 mi26, Bernard Street, St Albans, Hertfordshire AL3 5QN3
£637.5K05/240.16 mi62, Bernard Street, St Albans, Hertfordshire AL3 5QN3
£616.5K06/210.16 mi3, Folly Avenue, St. Albans, Hertfordshire AL3 5QE3
£660K02/240.17 mi49, Grange Street, St Albans, Hertfordshire AL3 5NA3
£800K06/230.19 mi53, Goldsmith Way, St Albans, Hertfordshire AL3 5LH3
£715K08/210.19 mi1, Dalton Street, St. Albans, Hertfordshire AL3 5QQ3
£676K10/230.19 mi25, Dalton Street, St Albans, Hertfordshire AL3 5QQ3
£730K11/220.2 mi52, Cannon Street, St Albans, Hertfordshire AL3 5JS3
£700K06/210.2 mi7, Eleanor Avenue, St. Albans, Hertfordshire AL3 5TA3
£750K04/230.21 mi57, Church Street, St Albans, Hertfordshire AL3 5NG3
£630K11/200.21 mi49, Church Street, St. Albans, Hertfordshire AL3 5NG3
£625K11/230.21 mi1, Edmond Beaufort Drive, St Albans, Hertfordshire AL3 5LA3
£675K06/240.21 mi19, Normandy Road, St Albans, Hertfordshire AL3 5QG3
£675K11/200.22 mi12, West View Road, St. Albans, Hertfordshire AL3 5JX3

Local Rents

18 rents from £1.9K/mo to £3.5K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,00012/240.08 miWaverley Road, St. Albans, Hertfordshire3
£1,95012/240.08 miWaverley Road3
£1,95012/240.08 miWaverley Road, St Albans, AL33
£2,10012/240.11 miWaverley Road, St. Albans, Hertfordshire3
£1,95012/240.11 miChene Mews3
£1,95012/240.11 miChene Mews, St Albans, AL33
£1,95011/240.17 mi-3
£2,00012/240.19 miWaverley Road, St Albans, Herts, AL33
£3,00012/240.25 miChime Square, St. Albans, Hertfordshire3
£2,20012/240.25 miChime Square, St. Albans3
£3,50012/240.26 miFolly Lane, St. Albans, Hertfordshire, AL33
£2,30012/240.27 miFolly Lane3
£2,20012/240.35 miUpton Avenue, St Albans3
£2,75012/240.46 miHillside Road, St. Albans, Hertfordshire3
£3,00012/240.49 miLower Dagnall Street, St. Albans, Hertfordshire, AL33
£3,00012/240.52 miCymbeline Court, The Lawns, Mount Pleasant, St. Albans3
£2,25012/240.57 miLaurel Edge, Avenue Road, St. Albans, Hertfordshire3
£2,20012/240.6 miSummerhill Court, Avenue Road, St Albans, AL13

Local Area Statistics

Population in AL3

27,957

Population in St Albans

114,693

Town centre distance

1.31 miles away

Nearest school

0.30 miles away

Nearest train station

0.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-34%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £575,000

October 4, 2024

Floor Plans

Description

  • Renovation Project +
  • Three Bedrooms +
  • One Reception Room +
  • Kitchen/Dining Room +
  • First Floor Bathroom +
  • Front & Rear Gardens +

*CASH BUYERS ONLY*

This three bedroom semi detached property is in need of complete renovation but offers excellent potential for refurbishment and extension, subject to relevant planning permission and is conveniently offered with no onward chain. Due to the nature of this property it is being offered to cash buyers only.

The property benefits from an entrance hall, lounge, dining room, space for a kitchen and a utility room on the ground floor. Upstairs there are three bedrooms and a family bathroom.

The city centre is situated approximately 0.9 miles away, offering extensive leisure facilities, historic open spaces such as Verulamium Park and a selection of popular and sought after schooling options.

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.

FCQ230365/1

Agent Details

Frost's, St. Albans

01727 649757

Next Steps?

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