2 Bed Flat, Single Let, St Albans, AL1 5AH, £285,000

Frobisher Road, St. Albans, AL1 5AH - 4 views - 3 months ago

Sold STC
Leasehold
BTL
ROI: 3%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£235K - £965K
Sold Prices/m²£3.7K/m² - £8.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.2K/m²

Value Estimate

£342,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£71,250

Stamp Duty & Legal Fees

£11,500

Total Cash In

£82,750

 

 

Cash Out

 

Rent Range

£1,350 - £1,900

Rent Estimate

£1,373

Running Costs/mo

£1,185

Cashflow/mo

£188

Cashflow/yr

£2,253

ROI

3%

Gross Yield

6%

Local Sold Prices

23 sold prices from £235K to £965K, average is £300K. £3.7K/m² to £8.7K/m², average is £5.5K/m².

PriceDateDistanceAddressBeds 
£235K07/210 mi59, Frobisher Road, St Albans, Hertfordshire AL1 5AH2
£290K01/230.27 mi5, Buttermere Close, St Albans, Hertfordshire AL1 5TD2
£400K01/210.47 miGround Floor Flat, 27, Cambridge Road, St Albans, Hertfordshire AL1 5LD2
£430K12/200.47 miFlat 12, Lansdowne Place, London Road, St. Albans, Hertfordshire AL1 1LT2
£440K01/230.48 miFlat 11, Lansdowne Place, London Road, St Albans, Hertfordshire AL1 1LT2
£515K04/230.53 miApartment 9, Old Mile House Court, St Albans, Hertfordshire AL1 1AR2
£965K03/210.58 mi2, Mile House Lane, St. Albans, Hertfordshire AL1 1TB2
£378K05/210.63 miFlat 4, St. James Court, Park View Close, St. Albans, Hertfordshire AL1 5TL2
£350K06/210.63 miFlat 11, Mistral Court, Bakers Close, St Albans, Hertfordshire AL1 5FH2
£299.5K12/200.64 mi39, Abbots Park, St. Albans, Hertfordshire AL1 1TW2
£304.5K08/210.64 mi20, Abbots Park, St. Albans, Hertfordshire AL1 1TW2
£300K10/220.72 mi11, Cedarwood Drive, St Albans, Hertfordshire AL4 0DX2
£285K11/230.74 mi72, Cedarwood Drive, St Albans, Hertfordshire AL4 0DW2
£287K06/210.74 mi68, Cedarwood Drive, St. Albans, Hertfordshire AL4 0DW2
£235K04/230.76 mi42, Cedar Court, St Albans, Hertfordshire AL4 0DL2
£287.5K10/210.76 mi27, Cedar Court, St. Albans, Hertfordshire AL4 0DL2
£240K06/230.76 mi28, Cedar Court, St Albans, Hertfordshire AL4 0DL2
£267K06/210.76 mi38, Cedar Court, St. Albans, Hertfordshire AL4 0DL2
£237.5K12/200.76 mi49, Cedar Court, St Albans, Hertfordshire AL4 0DL2
£400.5K01/230.86 mi14, Kenton Gardens, St Albans, Hertfordshire AL1 1JS2
£308.5K10/200.93 mi4, Camp Road, St. Albans, Hertfordshire AL1 5DY2
£235.5K09/220.99 mi191, Cotlandswick, London Colney, St Albans, Hertfordshire AL2 1EG2
£462.5K05/231 mi51, Stanhope Road, St Albans, Hertfordshire AL1 5BJ2

Local Rents

15 rents from £1.4K/mo to £1.9K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,35012/240.11 miRichard Street, Tiverton House, Hatfield2
£1,35012/240.11 miRichard Street , Hatfield , Hertfordshire2
£1,79512/240.38 miCamp Road, St. Albans, Hertfordshire, AL1 5NE2
£1,39512/240.45 miHaig Close, St Albans, AL12
£1,65012/240.48 miPine Ridge, St Albans, AL12
£1,65012/240.48 mi-2
£1,45012/240.48 miLondon Road, St Albans, AL12
£1,60012/240.52 miCamp View Road, St. Albans, Hertfordshire, AL1 5LL12
£1,75004/250.53 mi-2
£1,60012/240.57 miSutton Road, St. Albans, Hertfordshire, AL12
£1,80012/240.58 mi-2
£1,90004/250.58 mi-2
£1,40001/250.58 mi-2
£1,77502/240.59 mi-2
£1,85012/240.61 miLongacres, St. Albans2

Local Area Statistics

Population in AL1

36,241

Population in St Albans

114,693

Town centre distance

1 miles away

Nearest school

0.20 miles away

Nearest train station

1.21 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £285,000

February 4, 2025

Floor Plans

Description

  • Book Your Viewing Instantly Online 24/7 +
  • Two/Three Bedroom Top Floor Flat +
  • Excellent Condition Throughout +
  • Chain Free +
  • Utility Room +
  • Highly Regarded Schools Nearby +
  • Close To St Albans City Centre +
  • Loft Space +
  • Video Entry System +

The Property
Chain Free - a recently refurbished two/ Three bedroom top floor apartment which is set in a popular residential location only a short distance from the station and vast motorway networks.
The property is ideally situated close to highly regarded schooling and beautiful walks in Highfield Park.

This well presented apartment offers great size accommodation, there is a bright and spacious living room, a modern fitted kitchen/breakfast room, modern fitted family bathroom and two double bedrooms, there is also an additional study off of the lounge and a useful utility room by the front door which gives this flat even more space than others within the development,

Externally there are communal gardens for residents use

Local Area
Frobisher Road is situated within the catchment of good local schools, Highfield Park and near to local amenities. St. Albans city centre and the mainline railway station remain only a short distance away.

Property ownership information

Ground rent review period: No review period

Service charge review period: No review period

Lease end date: 18/08/2143

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering St Albans

024 7542 0227

Next Steps?

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