4 Bed Semi-Detached House, Refurb/BRRR, St Albans, AL4 9DB, £500,000

12 Hopkins Crescent, Sandridge, AL4 9DB - 4 views - 4 months ago

Sold STC

BTL

Refurb/BRRR

ROI: 1%

109 m²

+8 photos

ValuationUndervalued

Sold Prices	£535K - £1.3M
Sold Prices/m²	£4.5K/m² - £13.5K/m²

Square Metres	109 m²
Price/m²	£4.6K/m²
Value Estimate	£515,000£515,000
BMV	3%

End Value (After Refurb)	£712,016£712,016
Uplift in Value	+42%+42%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£125,000£125,000
Stamp Duty & Legal Fees	£38,700£38,700
Refurb Costs	£53,914£53,914
Bridging Loan Interest	£13,125£13,125
Total Cash In	£232,489£232,489

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£712,016£712,016
Agent Fees (1%)	£7,120£7,120
Bridging Loan	£375,000£375,000
Bridging Loan Interest	£13,125£13,125
Flip Profit	£97,407£97,407

Local Sold Prices

44 sold prices from £535K to £1.3M, average is £841K. £4.5K/m² to £13.5K/m², average is £6.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£837K	06/24	0.13 mi	38, House Lane, Sandridge, St Albans, Hertfordshire AL4 9EW	£9,883	85	4	Semi-Detached House
£700K	11/20	0.26 mi	17, Lyndon Mead, Sandridge, St Albans, Hertfordshire AL4 9EX	£6,195	113	4	Detached House
£815K	06/24	0.31 mi	46, Langley Grove, Sandridge, St Albans, Hertfordshire AL4 9DU	-	-	4	Semi-Detached House
£875K	07/23	0.31 mi	44, Langley Grove, Sandridge, St Albans, Hertfordshire AL4 9DU	£9,035	97	4	Semi-Detached House
£687.5K	04/23	0.35 mi	51, Langley Grove, Sandridge, St Albans, Hertfordshire AL4 9DP	-	-	4	Semi-Detached House
£615K	03/21	0.35 mi	69, Langley Grove, Sandridge, St Albans, Hertfordshire AL4 9DS	-	-	4	Semi-Detached House
£685K	09/21	0.36 mi	77, Langley Grove, Sandridge, St. Albans, Hertfordshire AL4 9DS	-	-	4	Semi-Detached House
£686K	03/21	0.41 mi	2, St Helier Road, Sandridge, St Albans, Hertfordshire AL4 9LG	-	-	4	Semi-Detached House
£535K	01/21	0.43 mi	4, Highview Gardens, St. Albans, Hertfordshire AL4 9JX	£6,149	87	4	Semi-Detached House
£787.5K	12/22	0.43 mi	7, Wendover Close, St Albans, Hertfordshire AL4 9JW	-	-	4	Detached House
£978K	07/23	0.56 mi	5, Lincolns Close, St Albans, Hertfordshire AL4 9YQ	£4,964	197	4	Detached House
£890K	04/23	0.58 mi	12, Cromwell Close, St Albans, Hertfordshire AL4 9YE	£6,953	128	4	Detached House
£800K	07/23	0.58 mi	2, Mayfair Close, St Albans, Hertfordshire AL4 9TN	-	-	4	Detached House
£845K	05/23	0.58 mi	16, Mayfair Close, St Albans, Hertfordshire AL4 9TN	-	-	4	Detached House
£875K	08/23	0.59 mi	1, Langham Close, St Albans, Hertfordshire AL4 9YH	-	-	4	Detached House
£675K	01/24	0.62 mi	12, Taylor Close, St Albans, Hertfordshire AL4 9YB	£4,530	149	4	Semi-Detached House
£895K	09/23	0.64 mi	4, Chancery Close, St Albans, Hertfordshire AL4 9YF	-	-	4	Semi-Detached House
£735K	02/21	0.67 mi	16, Holborn Close, St Albans, Hertfordshire AL4 9YG	-	-	4	Detached House
£850K	11/21	0.68 mi	2, Belgrave Close, St Albans, Hertfordshire AL4 9TP	-	-	4	Detached House
£910K	06/24	0.68 mi	106, The Ridgeway, St Albans, Hertfordshire AL4 9PR	-	-	4	Semi-Detached House
£995K	06/21	0.69 mi	41, Runcie Close, St. Albans, Hertfordshire AL4 9AX	£6,769	147	4	Detached House
£860K	08/23	0.74 mi	13, Skys Wood Road, St Albans, Hertfordshire AL4 9NY	-	-	4	Semi-Detached House
£985K	10/23	0.75 mi	67, Pondfield Crescent, St Albans, Hertfordshire AL4 9PA	£7,351	134	4	Semi-Detached House
£820K	03/21	0.77 mi	16, Pondfield Crescent, St Albans, Hertfordshire AL4 9PF	£5,578	147	4	Semi-Detached House
£750K	11/20	0.77 mi	50, Pondfield Crescent, St. Albans, Hertfordshire AL4 9PF	£6,944	108	4	Semi-Detached House
£1.2M	11/20	0.77 mi	2, Slimmons Drive, St. Albans, Hertfordshire AL4 9AS	£7,061	165	4	Detached House
£900K	12/23	0.78 mi	40, Craiglands, St Albans, Hertfordshire AL4 9AH	£6,475	139	4	Detached House
£1.2M	09/23	0.78 mi	32, Evans Grove, St Albans, Hertfordshire AL4 9PJ	-	-	4	Semi-Detached House
£800K	06/24	0.8 mi	21, Slimmons Drive, St Albans, Hertfordshire AL4 9AW	£6,838	117	4	Semi-Detached House
£635K	04/21	0.8 mi	39, Slimmons Drive, St Albans, Hertfordshire AL4 9AW	-	-	4	Semi-Detached House
£1.1M	10/23	0.81 mi	170, St Albans Road, Sandridge, St Albans, Hertfordshire AL4 9LP	£7,345	145	4	Semi-Detached House
£750K	08/23	0.81 mi	42, Slimmons Drive, St Albans, Hertfordshire AL4 9AP	-	-	4	Semi-Detached House
£660K	06/21	0.84 mi	25, Harvesters, St. Albans, Hertfordshire AL4 9QU	£5,593	118	4	Terraced House
£765K	02/21	0.86 mi	9, The Ridgeway, St Albans, Hertfordshire AL4 9AL	£6,652	115	4	Semi-Detached House
£868K	11/20	0.9 mi	33, Chandlers Road, St Albans, Hertfordshire AL4 9RT	£7,057	123	4	Semi-Detached House
£1.2M	11/22	0.91 mi	42, Kingshill Avenue, St Albans, Hertfordshire AL4 9QB	£10,257	114	4	Semi-Detached House
£755K	04/24	0.91 mi	61, Chalkdell Fields, St Albans, Hertfordshire AL4 9LT	£9,679	78	4	Terraced House
£990K	07/23	0.91 mi	222, The Ridgeway, St Albans, Hertfordshire AL4 9XH	-	-	4	Semi-Detached House
£775K	11/20	0.93 mi	40, Ripon Way, St. Albans, Hertfordshire AL4 9AJ	£6,200	125	4	Semi-Detached House
£1.2M	08/21	0.94 mi	17, Sherwood Avenue, St. Albans, Hertfordshire AL4 9QJ	£7,121	165	4	Semi-Detached House
£1.3M	08/23	0.94 mi	68, Kingshill Avenue, St Albans, Hertfordshire AL4 9QB	£13,507	95	4	Semi-Detached House
£845K	03/21	0.96 mi	49, Marshalswick Lane, St. Albans, Hertfordshire AL1 4UT	£6,306	134	4	Semi-Detached House
£950K	10/21	0.97 mi	21, Hazelmere Road, St. Albans, Hertfordshire AL4 9RU	-	-	4	Semi-Detached House
£760K	11/23	0.98 mi	67, Harness Way, St Albans, Hertfordshire AL4 9HB	£8,184	93	4	Detached House

Local Rents

11 rents from £1.9K/mo to £6.5K/mo, average is £2.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,850	12/24	0.59 mi	Langham Close, St. Albans, Hertfordshire	3	Detached House
£3,000	12/24	0.66 mi	The Ridgeway, St Albans, Herts, AL4	3	Detached House
£2,100	12/24	0.74 mi	Tewin Close, St. Albans, Hertfordshire, AL4	3	Detached House
£2,650	12/24	0.78 mi	Craiglands, St. Albans, Hertfordshire, AL4 9AH	4	Detached House
£2,650	01/24	1 mi	-	3	Semi-Detached House
£1,895	12/24	1.11 mi	Beech Road St Albans AL3	4	Flat
£2,000	12/24	1.14 mi	Gladeside	3	Terraced House
£3,250	12/24	1.19 mi	-	4	Semi-Detached House
£6,500	03/25	1.21 mi	-	3	Detached House
£3,500	12/24	1.23 mi	Gurney Court Road, St. Albans	4	Flat
£2,200	12/24	1.23 mi	Beech Road, St. Albans, Hertfordshire, AL3 5AW	3	Detached House

Local Area Statistics

Population in AL4	27,20327,203
Population in St Albans	114,693114,693
Town centre distance	2.79 miles away2.79 miles away
Nearest school	0.50 miles away0.50 miles away
Nearest train station	2.24 miles away2.24 miles away

Rental growth (12m)	-12%-12%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+22%+22%

Property History

Listed for £500,000

December 4, 2024

Floor Plans

Description

Investment Opportunity +
Popular Village Location +
No Upper Chain +
4 x Studio Apartments +
Large Garden +
Converted Semi Detached +
Ideal Portfolio +
Potential To Enlarge stpp +

We are pleased to offer an investment opportunity for this semi detached property converted into four studio apartments located in the heart of this popular village offered for sale with no upper chain. The individual apartments all require a degree of modernisation but would appeal to buy to let investors as part of their portfolio and represent an attractive yield. To the rear of the property is a large garden with direct access from the two ground floor apartments. Sandridge village is renowned for good schooling and is a vibrant community with a number of public houses, a quaint tearoom, and a well stocked village store. Heartswood Forest is close by with its acres of walks and open spaces and an ideal recreational area for any number of pursuits.

Agent Details

Cassidy & Tate, Marshalswick

01727 649730

Next Steps?

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