2 Bed Flat, Single Let, St Albans, AL2 1RH, £265,000

Meadow Close, London Colney, St. Albans, AL2 1RH - 4 views - 4 months ago

BTL
ROI: 3%
~68 m²
+3 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£3.9K/m²

Value Estimate

£316,725
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£9,900

Total Cash In

£76,150

 

 

Cash Out

 

Rent Range

£1,250 - £1,750

Rent Estimate

£1,300

Running Costs/mo

£1,108

Cashflow/mo

£192

Cashflow/yr

£2,303

ROI

3%

Gross Yield

6%

Local Sold Prices

46 sold prices from £150K to £849.8K, average is £289.5K. £2.2K/m² to £6.6K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£280K09/220.01 mi21, Meadow Close, London Colney, St Albans, Hertfordshire AL2 1RQ2
£295K10/220.03 mi13, Meadow Close, London Colney, St Albans, Hertfordshire AL2 1RQ2
£299.5K12/200.03 mi23, Meadow Close, London Colney, St. Albans, Hertfordshire AL2 1RQ2
£335K03/230.04 mi2, Meadow Close, London Colney, St Albans, Hertfordshire AL2 1RQ2
£227.5K01/210.05 mi36, Meadow Close, London Colney, St. Albans, Hertfordshire AL2 1RH2
£350K09/220.05 mi8, Sanders Close, London Colney, St Albans, Hertfordshire AL2 1NZ2
£297K09/210.05 mi32, Sanders Close, London Colney, St Albans, Hertfordshire AL2 1NZ2
£300K11/200.05 mi6, Sanders Close, London Colney, St. Albans, Hertfordshire AL2 1NZ2
£329.9K12/220.07 mi16, Kennedy Close, London Colney, St Albans, Hertfordshire AL2 1GR2
£325K01/210.09 mi17, Bluett Road, London Colney, St. Albans, Hertfordshire AL2 1RN2
£315K11/200.09 mi16, Bluett Road, London Colney, St Albans, Hertfordshire AL2 1RN2
£325K12/200.1 mi83, St Annes Road, London Colney, St. Albans, Hertfordshire AL2 1PA2
£315K05/210.11 mi10, Bluett Road, London Colney, St. Albans, Hertfordshire AL2 1RN2
£278K11/220.16 miFlat 3, Heather Court, St Annes Road, London Colney, St Albans, Hertfordshire AL2 1HQ2
£222K06/210.17 mi50, Hardwicke Place, London Colney, St. Albans, Hertfordshire AL2 1PX2
£280K08/230.21 mi40, Haseldine Road, London Colney, St Albans, Hertfordshire AL2 1RT2
£285K04/210.23 mi6, Chester Gibbons Green, London Colney, St Albans, Hertfordshire AL2 1HE2
£245K11/220.26 mi196a, High Street, London Colney, St Albans, Hertfordshire AL2 1JQ2
£223K01/240.41 mi47, Thamesdale, London Colney, St Albans, Hertfordshire AL2 1TA2
£245K06/210.42 mi13, Watersplash Court, London Colney, St. Albans, Hertfordshire AL2 1TN2
£255K08/230.42 mi11, Watersplash Court, London Colney, St Albans, Hertfordshire AL2 1TN2
£245K02/210.42 mi24, Watersplash Court, London Colney, St. Albans, Hertfordshire AL2 1TN2
£250K04/230.42 mi14, Watersplash Court, London Colney, St Albans, Hertfordshire AL2 1TN2
£250K08/210.44 mi9, Ribbledale, London Colney, St Albans, Hertfordshire AL2 1TD2
£233K06/210.47 mi21, Wyedale, London Colney, St. Albans, Hertfordshire AL2 1TG2
£245K10/230.47 mi22, Wyedale, London Colney, St Albans, Hertfordshire AL2 1TG2
£210K03/210.47 mi22, Wyedale, London Colney, St. Albans, Hertfordshire AL2 1TG2
£337.5K12/230.52 mi60, Napsbury Avenue, London Colney, St Albans, Hertfordshire AL2 1LS2
£235.5K09/220.55 mi191, Cotlandswick, London Colney, St Albans, Hertfordshire AL2 1EG2
£250K04/240.56 mi64, Wyedale, London Colney, St Albans, Hertfordshire AL2 1TH2
£250K10/220.56 mi66, Wyedale, London Colney, St Albans, Hertfordshire AL2 1TH2
£249K02/230.56 mi74, Wyedale, London Colney, St Albans, Hertfordshire AL2 1TH2
£849.8K01/230.61 mi12, Boyes Crescent, London Colney, St Albans, Hertfordshire AL2 1UB2
£531K04/230.61 mi14, Boyes Crescent, London Colney, St Albans, Hertfordshire AL2 1UB2
£233K06/230.63 mi22, Eskdale, London Colney, St Albans, Hertfordshire AL2 1TJ2
£235K08/230.63 mi26, Eskdale, London Colney, St Albans, Hertfordshire AL2 1TJ2
£294K11/200.65 miFlat 3, Green Oak House, Shenley Lane, London Colney, St Albans, Hertfordshire AL2 1FE2
£150K12/200.66 mi4, Lime Tree Court, London Colney, St Albans, Hertfordshire AL2 1UL2
£405K12/200.7 miFlat 6, Academy Court, Goldring Way, London Colney, St. Albans, Hertfordshire AL2 1GZ2
£495K12/200.7 miFlat 3, Academy Court, Goldring Way, London Colney, St. Albans, Hertfordshire AL2 1GZ2
£465K06/210.7 miFlat 5, Academy Court, Goldring Way, London Colney, St. Albans, Hertfordshire AL2 1GZ2
£475K09/210.73 miFlat 7, Logan Court, Beningfield Drive, Napsbury Park, St Albans, Hertfordshire AL2 1GD2
£377K12/220.78 miApartment 4, Walter Slade Court, Norris Close, Napsbury Park, St Albans, Hertfordshire AL2 1WW2
£408K11/200.84 miFlat 7, The Brownings, Beningfield Drive, Napsbury Park, St. Albans, Hertfordshire AL2 1GH2
£496K11/210.87 miFlat 5, Great Leys Court, Beningfield Drive, Napsbury Park, St. Albans, Hertfordshire AL2 1GJ2
£520K02/210.92 miFlat 5, Rush Leys Court, Beningfield Drive, Napsbury Park, St Albans, Hertfordshire AL2 1GN2

Local Rents

10 rents from £1.3K/mo to £1.8K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30010/240 mi-2
£1,30012/240.05 miMeadow Close, London Colney, St Albans, Herts, AL22
£1,35012/240.14 miHigh Street, London Colney, St Albans2
£1,42512/240.17 miHardwicke Place, London Colney, St Albans2
£1,50010/240.37 mi-2
£1,35012/240.41 miHigh Street, London Colney, High Street, AL2, AL22
£1,50012/240.41 mi-2
£1,50012/240.45 miNapier Close, London Colney, AL22
£1,25012/240.48 miWyedale, London Colney2
£1,75012/240.52 miKings Road, London Colney2

Local Area Statistics

Population in AL2

23,314

Population in St Albans

114,693

Town centre distance

2.04 miles away

Nearest school

0.30 miles away

Nearest train station

2 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £265,000

January 3, 2025

Floor Plans

Description

  • Chain Free +
  • Share Of Freehold +
  • Spacious Loft +
  • Two Bedrooms +
  • Ideal for First-Time Purchase or Investors +
  • Modernised Throughout +
  • Living/Dining Room +
  • Residents Parking +
  • Communal Grounds +
  • Close to Local Amenities +

Stylish Chain-Free Two-Bedroom Flat in Meadow Close

Nestled on the top floor of the sought-after Meadow Close development, this property is also offered as a share of freehold, making this modernised flat perfect for first-time buyers, professionals, or investors.

Inside, you’ll find a bright double bedroom, a versatile single bedroom, a contemporary bathroom, and a spacious living room. The sleek kitchen is fully equipped with an induction hob, oven, dishwasher, and washer/dryer. A large entrance hall with a coat and shoe unit adds a touch of practicality. One unique benefit of this top-floor flat is the good-sized boarded loft, which greatly increases storage space, ensuring everything has its place.

Residents enjoy communal grounds, exclusive parking, and unrivalled convenience. Local amenities are just a stone’s throw away, with London Colney Shopping Fields a minute’s drive and quick access to the M25 and M1 for seamless travel.

A fantastic opportunity – view today.

Entrance Hall - 2.28 x 1.67 (7'5" x 5'5") -

Bedroom 1 - 4.13 x 3.36 (13'6" x 11'0") -

Bedroom 2 - 2.21 x 2.47 (7'3" x 8'1") -

Bathroom - 2.28 x 1.50 (7'5" x 4'11") -

Living/Dining Room - 3.36 x 4.89 (11'0" x 16'0") -

Kitchen - 2.28 x 2.42 (7'5" x 7'11") -

Lease Length - 100 years remaining

Service Charge - £200 per month

Council Tax Band - B

Epc -

Agent Details

JW&Co, St Albans

01727 649256

Next Steps?

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