2 Bed Flat, Single Let, St Albans, AL2 1TN, £250,000

Watersplash Court, Thamesdale, London Colney, St. Albans, AL2 1TN - 3 months ago

Leasehold
BTL
ROI: 4%
~49 m²
+4 photos

ValuationOvervalued

Sold Prices£210K - £350K
Sold Prices/m²£3.7K/m² - £6.6K/m²

 

 

Square Metres

~48.60 m²
Price/m²£5.1K/m²

Value Estimate

£228,869

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Total Cash In

£76,200

 

 

Cash Out

 

Rent Range

£1,250 - £2,450

Rent Estimate

£1,306

Running Costs/mo

£1,062

Cashflow/mo

£244

Cashflow/yr

£2,923

ROI

4%

Gross Yield

6%

Local Sold Prices

34 sold prices from £210K to £350K, average is £252.5K. £3.7K/m² to £6.6K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£245K06/210.01 mi13, Watersplash Court, London Colney, St. Albans, Hertfordshire AL2 1TN2
£255K08/230.01 mi11, Watersplash Court, London Colney, St Albans, Hertfordshire AL2 1TN2
£245K02/210.01 mi24, Watersplash Court, London Colney, St. Albans, Hertfordshire AL2 1TN2
£250K04/230.01 mi14, Watersplash Court, London Colney, St Albans, Hertfordshire AL2 1TN2
£223K01/240.05 mi47, Thamesdale, London Colney, St Albans, Hertfordshire AL2 1TA2
£233K06/210.08 mi21, Wyedale, London Colney, St. Albans, Hertfordshire AL2 1TG2
£245K10/230.08 mi22, Wyedale, London Colney, St Albans, Hertfordshire AL2 1TG2
£210K03/210.08 mi22, Wyedale, London Colney, St. Albans, Hertfordshire AL2 1TG2
£250K08/210.09 mi9, Ribbledale, London Colney, St Albans, Hertfordshire AL2 1TD2
£250K04/240.14 mi64, Wyedale, London Colney, St Albans, Hertfordshire AL2 1TH2
£250K10/220.14 mi66, Wyedale, London Colney, St Albans, Hertfordshire AL2 1TH2
£249K02/230.14 mi74, Wyedale, London Colney, St Albans, Hertfordshire AL2 1TH2
£233K06/230.21 mi22, Eskdale, London Colney, St Albans, Hertfordshire AL2 1TJ2
£235K08/230.21 mi26, Eskdale, London Colney, St Albans, Hertfordshire AL2 1TJ2
£227.5K01/210.38 mi36, Meadow Close, London Colney, St. Albans, Hertfordshire AL2 1RH2
£222K06/210.41 mi50, Hardwicke Place, London Colney, St. Albans, Hertfordshire AL2 1PX2
£280K09/220.42 mi21, Meadow Close, London Colney, St Albans, Hertfordshire AL2 1RQ2
£299.5K12/200.45 mi23, Meadow Close, London Colney, St. Albans, Hertfordshire AL2 1RQ2
£295K10/220.45 mi13, Meadow Close, London Colney, St Albans, Hertfordshire AL2 1RQ2
£329.9K12/220.45 mi16, Kennedy Close, London Colney, St Albans, Hertfordshire AL2 1GR2
£335K03/230.46 mi2, Meadow Close, London Colney, St Albans, Hertfordshire AL2 1RQ2
£350K09/220.46 mi8, Sanders Close, London Colney, St Albans, Hertfordshire AL2 1NZ2
£297K09/210.46 mi32, Sanders Close, London Colney, St Albans, Hertfordshire AL2 1NZ2
£300K11/200.46 mi6, Sanders Close, London Colney, St. Albans, Hertfordshire AL2 1NZ2
£325K12/200.47 mi83, St Annes Road, London Colney, St. Albans, Hertfordshire AL2 1PA2
£278K11/220.49 miFlat 3, Heather Court, St Annes Road, London Colney, St Albans, Hertfordshire AL2 1HQ2
£325K01/210.52 mi17, Bluett Road, London Colney, St. Albans, Hertfordshire AL2 1RN2
£315K11/200.52 mi16, Bluett Road, London Colney, St Albans, Hertfordshire AL2 1RN2
£315K05/210.53 mi10, Bluett Road, London Colney, St. Albans, Hertfordshire AL2 1RN2
£280K08/230.63 mi40, Haseldine Road, London Colney, St Albans, Hertfordshire AL2 1RT2
£285K04/210.63 mi6, Chester Gibbons Green, London Colney, St Albans, Hertfordshire AL2 1HE2
£245K11/220.64 mi196a, High Street, London Colney, St Albans, Hertfordshire AL2 1JQ2
£337.5K12/230.94 mi60, Napsbury Avenue, London Colney, St Albans, Hertfordshire AL2 1LS2
£235.5K09/220.95 mi191, Cotlandswick, London Colney, St Albans, Hertfordshire AL2 1EG2

Local Rents

18 rents from £1.3K/mo to £2.5K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,50012/240.03 mi-2
£1,25012/240.08 miWyedale, London Colney2
£1,40012/240.21 miEskdale, London Colney, St Albans2
£1,30012/240.38 miMeadow Close, London Colney, St Albans, Herts, AL22
£1,42512/240.41 miHardwicke Place, London Colney, St Albans2
£1,30010/240.42 mi-2
£1,35012/240.54 miHigh Street, London Colney, St Albans2
£1,50010/240.64 mi-2
£1,50012/240.74 miNapier Close, London Colney, AL22
£1,35012/240.8 miHigh Street, London Colney, High Street, AL2, AL22
£2,45012/240.82 miShenley Lane, London Colney, St. Albans, AL2 1AH2
£1,55010/240.9 miHarper Lane, Shenley, Radlett2
£1,75012/240.94 miKings Road, London Colney2
£1,49904/251.01 mi-2
£1,55012/241.07 miShenley Lane, St. Albans, Hertfordshire, AL2 1FE2
£1,45002/241.08 mi-2
£1,70001/241.12 mi-2
£1,95003/251.23 mi-2

Local Area Statistics

Population in AL2

23,314

Population in St Albans

114,693

Town centre distance

2.45 miles away

Nearest school

0.60 miles away

Nearest train station

2.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Price changed to £250,000

February 12, 2025

Listed for £260,000

January 18, 2025

Floor Plans

Description

  • Two Bedrooms +
  • One Reception Room +
  • Garage +
  • Allocated Parking +
  • Phone Entry System +
  • 900+ Year Lease +
  • Communal Gardens +

First Floor two bedroom apartment benefitting from a long lease with allocated parking and garage. Located in London Colney 0.3 miles from Colney Fields Shopping Centre and the M25.

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.

FCQ250022/1

Agent Details

Frost's, Marshalswick

01727 221786

Next Steps?

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