3 Bed Flat, Single Let, St Albans, AL1 1RB, £375,000

Belmont Hill, St. Albans, AL1 1RB - 4 views - 3 months ago

Leasehold
BTL
ROI: 6%
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£285K - £775K
Sold Prices/m²£3.9K/m² - £8.3K/m²

 

 

Square Metres

~93 m²
Price/m²£4K/m²

Value Estimate

£405,490
BMV8%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Total Cash In

£112,450

 

 

Cash Out

 

Rent Range

£1,950 - £3,500

Rent Estimate

£2,200

Running Costs/mo

£1,632

Cashflow/mo

£568

Cashflow/yr

£6,818

ROI

6%

Gross Yield

7%

Local Sold Prices

20 sold prices from £285K to £775K, average is £358.8K. £3.9K/m² to £8.3K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£285K03/210.36 mi116, Riverside Road, St Albans, Hertfordshire AL1 1SE3
£775K05/210.42 mi118, Fishpool Street, St. Albans, Hertfordshire AL3 4RX3
£375K03/230.83 mi6, Deacon Close, St Albans, Hertfordshire AL1 2LJ3
£345K12/200.84 mi47, Abbey Avenue, St. Albans, Hertfordshire AL3 4BH3
£550K06/211.32 mi32, The Dell, St. Albans, Hertfordshire AL1 4HE3
£340K06/211.44 mi3, Tudor Road, St. Albans, Hertfordshire AL3 6AY3
£340K05/211.56 mi8, Valley Road, St. Albans, Hertfordshire AL3 6LN3
£370K07/231.69 mi33, Central Drive, St Albans, Hertfordshire AL4 0UX3
£340K10/231.82 mi46, The Quadrant, St Albans, Hertfordshire AL4 9RB3
£357.5K12/221.82 mi44, The Quadrant, St Albans, Hertfordshire AL4 9RB3
£350K03/211.86 mi427, The Ridgeway, St. Albans, Hertfordshire AL4 9TY3
£400K11/221.87 mi20, Hughenden Road, St Albans, Hertfordshire AL4 9QS3
£410K10/231.88 mi4, Hughenden Road, St Albans, Hertfordshire AL4 9QS3
£348K02/211.88 mi22, Hughenden Road, St Albans, Hertfordshire AL4 9QS3
£336K03/211.9 mi339, The Ridgeway, St Albans, Hertfordshire AL4 9TZ3
£332.5K03/211.92 mi106, Hughenden Road, St Albans, Hertfordshire AL4 9QR3
£360K06/211.92 mi134, Hughenden Road, St. Albans, Hertfordshire AL4 9QR3
£375K01/231.92 mi128, Hughenden Road, St Albans, Hertfordshire AL4 9QR3
£382.5K07/241.94 mi103, Hughenden Road, St Albans, Hertfordshire AL4 9QW3
£385K12/231.94 mi107, Hughenden Road, St Albans, Hertfordshire AL4 9QW3

Local Rents

16 rents from £1.9K/mo to £3.5K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,30012/240.03 miDe Tany Court, St Albans3
£2,25012/240.1 miDean Moore Close, St. Albans, Hertfordshire3
£2,25012/240.11 miPageant Road, St Albans3
£3,50012/240.12 mi-3
£3,50002/250.12 mi-3
£1,95012/240.14 miPageant Road, St Albans, Herts, AL13
£2,40012/240.22 miWetherall Mews, St. Albans, AL1 1AS3
£3,00012/240.32 miLower Dagnall Street, St. Albans, Hertfordshire, AL33
£2,30012/240.33 miLower Paxton Road, St Albans, Herts, AL13
£2,55003/250.34 mi-3
£2,20012/240.37 miLeyland Avenue, St Albans, Herts, AL13
£2,20012/240.44 miUpton Avenue, St Albans3
£2,25012/240.54 miOrient Close, St. Albans, Hertfordshire3
£2,30012/240.55 miFolly Lane3
£3,50012/240.55 miFolly Lane, St. Albans, Hertfordshire, AL33
£3,00012/240.57 miCymbeline Court, The Lawns, Mount Pleasant, St. Albans3

Local Area Statistics

Population in AL1

36,241

Population in St Albans

114,693

Town centre distance

0.66 miles away

Nearest school

0.10 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £375,000

January 22, 2025

Floor Plans

Description

  • 3 Bedrooms +
  • Extended Lease - 171 years +
  • No Ground Rent +
  • 0.3 Miles from St.Albans City Centre +
  • 1.1 Miles from St. Albans City Train Station +
  • Upper Floor +
  • Non-Allocated Resident Parking +

SUMMARY
Welcome to Belmont Court, a fantastic opportunity to own a spacious three-bedroom property in the highly sought-after Belmont Hill area of St Albans.

DESCRIPTION
Welcome to Belmont Court, a fantastic opportunity to own a spacious three-bedroom property in the highly sought-after Belmont Hill area of St Albans. Boasting an extended lease and no ground rent, this home offers both comfort and convenience in an exceptional location.

A bright and airy living room provides the perfect space for relaxing or entertaining guests and leads conveniently into the separate kitchen.
The property features three generously-sized bedrooms, ideal for families, professionals, or those seeking additional space for a home office and a well-maintained bathroom, providing both style and functionality.
Externally, there is a small, non-allocated area dedicated to residents parking.

Belmont Court is situated within walking distance of St Albans city centre, where you'll find an array of shops, restaurants, and cultural attractions.
St Albans City Station is just a short walk away, offering direct connections to London and beyond - perfect for commuters and the property is close to highly regarded schools, parks and leisure facilities.

Living Room 19' 1" max x 12' 3" max ( 5.82m max x 3.73m max )

Kitchen 8' 4" max x 7' 6" max ( 2.54m max x 2.29m max )

Bedroom 1 12' 1" max x 11' 2" max ( 3.68m max x 3.40m max )

Bedroom 2 11' 1" max x 5' 8" max ( 3.38m max x 1.73m max )

Bedroom 3 8' 9" max x 7' 9" max ( 2.67m max x 2.36m max )

Bathroom 7' 7" max x 4' 4" max ( 2.31m max x 1.32m max )

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, St. Albans

01727 649379

Next Steps?

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