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3 Bed Flat, Single Let, St Albans, AL1 5RE, £275,000

Wingate Way, St. Albans, Hertfordshire, AL1 5RE - 4 views - 7 months ago

Sold STC
Leasehold
BTL
ROI: 8%
~93 m²
+1 photos

ValuationUndervalued

Sold Prices£170K - £775K
Sold Prices/m²£2.1K/m² - £8.3K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£330,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Total Cash In

£79,450

 

 

Cash Out

 

Rent Range

£1,700 - £5,500

Rent Estimate

£1,798

Running Costs/mo

£1,239

Cashflow/mo

£559

Cashflow/yr

£6,708

ROI

8%

Gross Yield

8%

Local Sold Prices

29 sold prices from £170K to £775K, average is £350K. £2.1K/m² to £8.3K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£285K03/210.81 mi116, Riverside Road, St Albans, Hertfordshire AL1 1SE3
£370K07/230.85 mi33, Central Drive, St Albans, Hertfordshire AL4 0UX3
£550K06/210.86 mi32, The Dell, St. Albans, Hertfordshire AL1 4HE3
£375K03/231.2 mi6, Deacon Close, St Albans, Hertfordshire AL1 2LJ3
£350K03/211.23 mi427, The Ridgeway, St. Albans, Hertfordshire AL4 9TY3
£336K03/211.26 mi339, The Ridgeway, St Albans, Hertfordshire AL4 9TZ3
£340K10/231.28 mi46, The Quadrant, St Albans, Hertfordshire AL4 9RB3
£357.5K12/221.28 mi44, The Quadrant, St Albans, Hertfordshire AL4 9RB3
£680K06/211.29 miFlat 2, Highfield Hall, Highfield Lane, Tyttenhanger, St. Albans, Hertfordshire AL4 0LE3
£410K10/231.31 mi4, Hughenden Road, St Albans, Hertfordshire AL4 9QS3
£348K02/211.31 mi22, Hughenden Road, St Albans, Hertfordshire AL4 9QS3
£400K11/221.32 mi20, Hughenden Road, St Albans, Hertfordshire AL4 9QS3
£332.5K03/211.32 mi106, Hughenden Road, St Albans, Hertfordshire AL4 9QR3
£360K06/211.32 mi134, Hughenden Road, St. Albans, Hertfordshire AL4 9QR3
£375K01/231.32 mi128, Hughenden Road, St Albans, Hertfordshire AL4 9QR3
£382.5K07/241.35 mi103, Hughenden Road, St Albans, Hertfordshire AL4 9QW3
£385K12/231.35 mi107, Hughenden Road, St Albans, Hertfordshire AL4 9QW3
£775K05/211.49 mi118, Fishpool Street, St. Albans, Hertfordshire AL3 4RX3
£340K08/211.53 mi18, Lime Tree Court, London Colney, St Albans, Hertfordshire AL2 1UL3
£170K01/231.53 mi16, Lime Tree Court, London Colney, St Albans, Hertfordshire AL2 1UL3
£170K12/201.53 mi9, Lime Tree Court, London Colney, St. Albans, Hertfordshire AL2 1UL3
£255K11/201.53 mi24, Lime Tree Court, London Colney, St Albans, Hertfordshire AL2 1UL3
£170K03/211.53 mi29, Lime Tree Court, London Colney, St Albans, Hertfordshire AL2 1UL3
£525K08/231.53 mi54, Elizabeth Court, St Albans, Hertfordshire AL4 9JD3
£340K05/211.54 mi8, Valley Road, St. Albans, Hertfordshire AL3 6LN3
£340K06/211.73 mi3, Tudor Road, St. Albans, Hertfordshire AL3 6AY3
£270.2K09/211.77 mi27, Haseldine Road, London Colney, St. Albans, Hertfordshire AL2 1RR3
£345K12/201.86 mi47, Abbey Avenue, St. Albans, Hertfordshire AL3 4BH3
£452.5K10/221.88 mi77, Shenley Lane, London Colney, St Albans, Hertfordshire AL2 1LN3

Local Rents

31 rents from £1.7K/mo to £5.5K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,50012/240.26 miCollege Road, St. Albans, Hertfordshire, AL13
£2,59512/240.33 miSt Mary Court, St Albans, AL13
£2,00012/240.44 miDrakes Drive, St Albans, Herts, AL13
£2,00012/240.49 mi-3
£2,00012/240.51 miHatfield Road, St. Albans, Hertfordshire, AL1 4JE3
£2,33012/240.52 mi-3
£1,83012/240.55 miParkway Court, St Albans, AL13
£1,70012/240.62 miHatfield Road, St Albans, AL43
£2,25012/240.64 miOrient Close, St. Albans, Hertfordshire3
£2,40003/250.67 mi-3
£2,30012/240.79 miLower Paxton Road, St Albans, Herts, AL13
£2,20012/240.92 miSummerhill Court, Avenue Road, St Albans, AL13
£2,30012/240.92 miWynchlands Crescent, St Albans, AL43
£2,40012/240.92 miWetherall Mews, St. Albans, AL1 1AS3
£2,25012/240.95 miLaurel Edge, Avenue Road, St. Albans, Hertfordshire3
£2,75012/240.95 miHillside Road, St. Albans, Hertfordshire3
£3,50012/241.01 mi-3
£3,50002/251.01 mi-3
£1,95012/241.01 miPageant Road, St Albans, Herts, AL13
£2,25012/241.04 miPageant Road, St Albans3
£2,20012/241.04 miLeyland Avenue, St Albans, Herts, AL13
£2,55003/251.08 mi-3
£3,10012/241.12 mi-3
£2,30012/241.13 miDe Tany Court, St Albans3
£2,20012/241.15 miChime Square, St. Albans3
£3,00012/241.16 miChime Square, St. Albans, Hertfordshire3
£2,25012/241.19 miDean Moore Close, St. Albans, Hertfordshire3
£5,50004/251.21 mi-3
£2,00003/251.22 mi-3
£2,00012/241.22 mi-3
£1,95011/241.23 mi-3

Links

Local Area Statistics

Population in AL1

36,241

Population in St Albans

114,693

Town centre distance

0.71 miles away

Nearest school

0.10 miles away

Nearest train station

0.75 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £275,000

October 9, 2024

Floor Plans

Description

  • Spacious First Floor Apartment +
  • No Onward Chain +
  • Ideal First Home Or Investment Purchase +
  • Open Plan Living/Dining Room +
  • Three Bedrooms +
  • Close to Local Amenities & St Abans Mainline Station +

The Property:

Located within easy walking distance of the City centre and mainline station, this spacious three bedroom first floor apartment is offered to the market with no onward chain. An exciting opportunity for anyone starting out or an investment purchaser.

Description:

This fine property offers flexible and spacious accomodation comprising a wide and bright hallway, three good sized bedrooms, a spacious front aspect living room and well appointed kitchen. All bedrooms are serviced by a stylish bathroom and there is a large storage cupboard.

Council Tax Band: C £1,915.66 (2024/2025)
Local Authority: St Albans City & District Council
Tenure: Leasehold, 125 years from 14th August 1989
Ground Rent: £10 per annum
Service/Maintenance Charge: £720 per annum

Location:

Wingate House is located to the east side of the city close to local shops and amenities and the mainline station is just a short distance away.

Agent Details

Ashtons, St. Albans

01727 221837

Next Steps?

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

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