3 Bed Terraced House, Refurb/BRRR, St Albans, AL4 0ER, £579,950

Chestnut Drive, St Albans, Hertfordshire, AL4 0ER - 2 views - 3 months ago

Sold STC
Refurb/BRRR
Planning
ROI: 1%
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£400K - £1.9M
Sold Prices/m²£5.5K/m² - £10.1K/m²

 

 

Square Metres

~93 m²
Price/m²£6.2K/m²

Value Estimate

£612,000
BMV2%

 

 

End Value (After Refurb)

£548,179

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£144,988

Stamp Duty & Legal Fees

£36,696

Refurb Costs

£46,000

Bridging Loan Interest

£15,224

Total Cash In

£244,657

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£548,179

Mortgage (After Refinance)

£411,134

Mortgage LTV

75%

Cash Left In

£244,657

Equity

£137,045

Rent Range

£1,700 - £5,500

Rent Estimate

£2,384

Running Costs/mo

£2,210

Cashflow/mo

£174

Cashflow/yr

£2,090

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £400K to £1.9M, average is £777.5K. £5.5K/m² to £10.1K/m², average is £7K/m².

PriceDateDistanceAddressBeds 
£805K03/230 mi27, Chestnut Drive, St Albans, Hertfordshire AL4 0ER3
£701K12/200.12 mi94, Woodland Drive, St. Albans, Hertfordshire AL4 0ET3
£850K07/230.12 mi74, Woodland Drive, St Albans, Hertfordshire AL4 0ET3
£1.3M06/210.14 mi12, Rose Walk, St Albans, Hertfordshire AL4 9AF3
£890K03/210.14 mi104, Beechwood Avenue, St. Albans, Hertfordshire AL1 4XZ3
£850K06/210.15 mi35, Rose Walk, St Albans, Hertfordshire AL4 9AA3
£811K04/210.16 mi68, Beechwood Avenue, St Albans, Hertfordshire AL1 4XZ3
£685K03/210.23 mi22, Central Drive, St Albans, Hertfordshire AL4 0UR3
£672.3K09/230.24 mi14, Wheatleys, St Albans, Hertfordshire AL4 9UE3
£765K11/200.26 mi102, Oakwood Drive, St. Albans, Hertfordshire AL4 0XA3
£721K08/210.28 mi191, Sandpit Lane, St. Albans, Hertfordshire AL4 0BT3
£765K06/210.28 mi28, Barnfield Road, St Albans, Hertfordshire AL4 9UU3
£700K06/210.28 mi36, Barnfield Road, St Albans, Hertfordshire AL4 9UU3
£1.1M03/230.3 mi122, Marshalswick Lane, St Albans, Hertfordshire AL1 4XD3
£621.5K06/210.31 mi1, Fernleys, St. Albans, Hertfordshire AL4 9UT3
£442.5K03/210.32 mi127, Salisbury Avenue, St Albans, Hertfordshire AL1 4TY3
£1.2M10/230.32 mi9, Woodland Drive, St Albans, Hertfordshire AL4 0EL3
£985K02/210.32 mi34, Woodland Drive, St Albans, Hertfordshire AL4 0EU3
£940K10/220.34 mi33, Hazelwood Drive, St Albans, Hertfordshire AL4 0UP3
£800K11/210.34 mi63, Oakwood Drive, St Albans, Hertfordshire AL4 0UL3
£653K12/200.34 mi35, Oakwood Drive, St Albans, Hertfordshire AL4 0UL3
£646K09/230.34 mi73, Oakwood Drive, St Albans, Hertfordshire AL4 0UL3
£719K10/230.34 mi16, Barnfield Road, St Albans, Hertfordshire AL4 9UP3
£530K06/230.36 mi7, Broomleys, St Albans, Hertfordshire AL4 9UR3
£625K01/210.38 mi14, Broom Leys, St. Albans, Hertfordshire AL4 9UR3
£905K02/240.38 mi58, Hazelmere Road, St Albans, Hertfordshire AL4 9RN3
£831.1K01/230.39 mi37, Hazelmere Road, St Albans, Hertfordshire AL4 9SA3
£745K10/200.4 mi16, Oakwood Drive, St. Albans, Hertfordshire AL4 0XD3
£752K01/210.4 mi28, Oakwood Drive, St Albans, Hertfordshire AL4 0XD3
£830K08/240.4 mi36, Oakwood Drive, St Albans, Hertfordshire AL4 0XD3
£737K03/230.4 mi38, Oakwood Drive, St Albans, Hertfordshire AL4 0XD3
£850K10/200.45 mi21, Woodfield Way, St Albans, Hertfordshire AL4 9RY3
£1.5M10/220.47 mi71, Jennings Road, St Albans, Hertfordshire AL1 4NY3
£850K04/240.47 mi64a, Elm Drive, St Albans, Hertfordshire AL4 0EQ3
£1.1M09/210.48 mi22, Hamilton Road, St. Albans, Hertfordshire AL1 4PZ3
£840K04/210.49 mi7, Hazelmere Road, St. Albans, Hertfordshire AL4 9RR3
£760K01/230.49 mi16, Eaton Road, St Albans, Hertfordshire AL1 4UE3
£900K06/210.49 mi20, Hazelmere Road, St Albans, Hertfordshire AL4 9RW3
£975K01/230.5 mi48, Kingshill Avenue, St Albans, Hertfordshire AL4 9QB3
£790K04/240.5 mi31, Sherwood Avenue, St Albans, Hertfordshire AL4 9QJ3
£817.5K11/200.51 mi191, The Ridgeway, St Albans, Hertfordshire AL4 9XF3
£887K11/200.52 mi332, Hatfield Road, St. Albans, Hertfordshire AL4 0DU3
£600K01/230.52 mi10, Arthur Road, St Albans, Hertfordshire AL1 4SZ3
£1.9M10/220.53 mi20, The Park, St Albans, Hertfordshire AL1 4RY3
£400K03/210.53 mi5, Eastfield Court, St. Albans, Hertfordshire AL4 9JL3
£720K12/220.53 mi6, Ashley Road, St Albans, Hertfordshire AL1 5DA3
£745K03/230.54 mi280, Hatfield Road, St Albans, Hertfordshire AL1 4UN3
£548K12/200.54 mi21, Arthur Road, St Albans, Hertfordshire AL1 4SZ3
£560K02/230.54 mi21, Arthur Road, St Albans, Hertfordshire AL1 4SZ3
£675K06/210.55 mi88, Castle Road, St. Albans, Hertfordshire AL1 5DG3

Local Rents

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

RentDateDistanceAddressBeds 
£3,10012/240.25 mi-3
£1,98004/250.35 mi-3
£1,70012/240.45 miHatfield Road, St Albans, AL43
£2,65001/240.49 mi-3
£2,33012/240.53 mi-3
£2,40003/250.57 mi-3
£2,30012/240.62 miWynchlands Crescent, St Albans, AL43
£2,00012/240.63 miGladeside3
£2,10012/240.67 miTewin Close, St. Albans, Hertfordshire, AL43
£5,50004/250.68 mi-3
£2,59512/240.73 miSt Mary Court, St Albans, AL13
£3,00012/240.78 miThe Ridgeway, St Albans, Herts, AL43
£2,50012/240.79 miCollege Road, St. Albans, Hertfordshire, AL13
£2,20012/240.92 miSummerhill Court, Avenue Road, St Albans, AL13
£2,00012/240.93 miHatfield Road, St. Albans, Hertfordshire, AL1 4JE3
£2,25012/240.94 miLaurel Edge, Avenue Road, St. Albans, Hertfordshire3
£2,85012/240.98 miLangham Close, St. Albans, Hertfordshire3
£2,75012/241.12 miHillside Road, St. Albans, Hertfordshire3
£2,20012/241.14 miBeech Road, St. Albans, Hertfordshire, AL3 5AW3
£2,00012/241.23 mi-3

Local Area Statistics

Population in AL4

27,203

Population in St Albans

114,693

Town centre distance

1.62 miles away

Nearest school

0.20 miles away

Nearest train station

1.27 miles away

 

 

Rental growth (12m)

-12%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Price changed to £579,950

March 20, 2025

Listed for £599,950

January 27, 2025

Floor Plans

Description

  • Semi-Detached Family Home +
  • Three Bedrooms +
  • Close To Beaumont & Oakwood School +
  • Large Private Garden +
  • Off Street Parking +
  • Potential To Extend +
  • In Need Of Some Modernisation +

NO UPPER CHAIN

Situated within walking distance of the highly regarded Beaumont and Oakwood Schools, this three-bedroom semi-detached family home offers a unique opportunity to create your ideal living space.

The property enjoys over 715 sq. ft. and features a large private garden, perfect for entertaining or future development, and the added convenience of off-street parking.

While the home needs some modernisation, it provides excellent potential to extend and improve (subject to planning permission), making it an ideal project for a growing family.
Located approximately 1.5 miles from the mainline station with regular trains into London St Pancras, the property is well connected for commuters.

Day-to-day shopping facilities, including the Quadrant and Marks & Spencer Food Hall, are conveniently nearby, with a Morrisons supermarket also available on Hatfield Road.

With its prime location, excellent amenities, and abundant potential, this home is ready to be transformed into something truly special.

Arrange your viewing today to explore all that this property has to offer.

Agent Details

Bradford & Howley, Marshalswick

01727 649770

Next Steps?

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