6 Bed Detached House, Refurb/BRRR, St Albans, AL3 5LU, £1,750,000

1 CARLISLE AVENUE, ST. ALBANS, AL3 5LU - 2 views - 2 months ago

Refurb/BRRR
~186 m²
+21 photos

ValuationOvervalued

Sold Prices£800K - £3.7M
Sold Prices/m²£2.8K/m² - £21.9K/m²

 

 

Square Metres

~186 m²
Price/m²£9.4K/m²

Value Estimate

£1,185,906

 

 

End Value (After Refurb)

£1,460,526

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£437,500

Stamp Duty & Legal Fees

£174,950

Refurb Costs

£90,976

Bridging Loan Interest

£45,938

Total Cash In

£751,113

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£1,460,526

Mortgage (After Refinance)

£1,095,395

Mortgage LTV

75%

Cash Left In

£751,113

Equity

£365,132

Rent Range

£1,750 - £4,100

Rent Estimate

£2,470

Running Costs/mo

£5,078

Cashflow/mo

£-2,608

Cashflow/yr

£-31,298

Gross Yield

2%

Local Sold Prices

27 sold prices from £800K to £3.7M, average is £1.7M. £2.8K/m² to £21.9K/m², average is £7.4K/m².

PriceDateDistanceAddressBeds 
£2.9M09/230.3 mi22a, Townsend Drive, St Albans, Hertfordshire AL3 5RQ6
£1.6M02/210.31 mi6, Hall Place Gardens, St Albans, Hertfordshire AL1 3SP6
£2.2M12/220.35 mi6, Hillside Road, St Albans, Hertfordshire AL1 3QL6
£2.2M11/210.47 mi48, Lemsford Road, St. Albans, Hertfordshire AL1 3PR6
£1.8M03/210.47 mi58, Lemsford Road, St. Albans, Hertfordshire AL1 3PR6
£3.0M09/220.57 mi9, Mount Pleasant, St Albans, Hertfordshire AL3 4QH6
£1.1M03/230.63 mi156, Beech Road, St Albans, Hertfordshire AL3 5AX6
£1.8M01/210.65 mi43, Fishpool Street, St Albans, Hertfordshire AL3 4RU6
£1.7M12/200.67 mi23, Clarence Road, St Albans, Hertfordshire AL1 4NP6
£1.9M03/211.01 mi87b, Sandpit Lane, St Albans, Hertfordshire AL1 4EY6
£1.0M01/211.06 mi57, Marshalswick Lane, St Albans, Hertfordshire AL1 4UT6
£1.7M10/201.12 mi24, Cunningham Avenue, St Albans, Hertfordshire AL1 1JL6
£1.8M03/231.14 mi43, Cunningham Avenue, St Albans, Hertfordshire AL1 1JJ6
£2.3M10/221.17 mi29, Cunningham Hill Road, St Albans, Hertfordshire AL1 5BX6
£2.1M06/231.17 mi32, King Harry Lane, St Albans, Hertfordshire AL3 4AU6
£1.2M12/201.2 mi15, Barncroft Way, St Albans, Hertfordshire AL1 5QZ6
£1.3M10/201.27 mi187, Marshalswick Lane, St. Albans, Hertfordshire AL1 4UZ6
£3.7M03/211.36 miHawkswick House, Harpenden Road, Childwickbury, St Albans, Hertfordshire AL3 6JG6
£1.3M10/231.37 mi35, Sherwood Avenue, St Albans, Hertfordshire AL4 9QJ6
£1.8M10/211.43 mi19, St Stephens Avenue, St. Albans, Hertfordshire AL3 4AA6
£1.8M11/231.43 mi38, Abbey Avenue, St Albans, Hertfordshire AL3 4AZ6
£1.3M04/231.51 mi35, Midway, St Albans, Hertfordshire AL3 4BB6
£800K11/221.53 mi2a, St Helier Road, Sandridge, St Albans, Hertfordshire AL4 9LG6
£1.3M08/231.59 mi14, Chandlers Road, St Albans, Hertfordshire AL4 9RS6
£1.6M01/211.6 mi86, Watling Street, St. Albans, Hertfordshire AL1 2QG6
£1.1M11/221.62 mi9, Tewin Close, St Albans, Hertfordshire AL4 9XL6
£1.4M08/211.97 mi110, Watford Road, St Albans, Hertfordshire AL2 3JZ6

Local Rents

25 rents from £1.8K/mo to £4.1K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£1,95011/240.06 mi-3
£3,00012/240.11 miChime Square, St. Albans, Hertfordshire3
£2,20012/240.11 miChime Square, St. Albans3
£1,75012/240.2 miCatherine Street, St. Albans, Hertfordshire4
£1,85012/240.2 miCatherine Street, St. Albans, Hertfordshire4
£2,00012/240.22 miWaverley Road, St. Albans, Hertfordshire3
£1,95012/240.22 miWaverley Road3
£1,95012/240.22 miWaverley Road, St Albans, AL33
£2,10012/240.24 miWaverley Road, St. Albans, Hertfordshire3
£1,95012/240.24 miChene Mews3
£1,95012/240.24 miChene Mews, St Albans, AL33
£3,50012/240.28 miFolly Lane, St. Albans, Hertfordshire, AL33
£2,30012/240.29 miFolly Lane3
£2,75012/240.32 miHillside Road, St. Albans, Hertfordshire3
£2,00012/240.33 miWaverley Road, St Albans, Herts, AL33
£2,20012/240.33 miUpton Avenue, St Albans3
£3,00012/240.34 miRussell Avenue4
£2,25012/240.45 miLaurel Edge, Avenue Road, St. Albans, Hertfordshire3
£3,00012/240.46 miLower Dagnall Street, St. Albans, Hertfordshire, AL33
£2,20012/240.47 miSummerhill Court, Avenue Road, St Albans, AL13
£4,10002/250.52 mi-4
£2,30012/240.57 miHolywell Hill, St. Albans, Hertfordshire4
£3,00012/240.57 miCymbeline Court, The Lawns, Mount Pleasant, St. Albans3
£3,25012/240.59 miKingsbury Avenue St. Albans AL34
£3,25012/240.61 miPageant Road St Albans AL14

Local Area Statistics

Population in AL3

27,957

Population in St Albans

114,693

Town centre distance

1.21 miles away

Nearest school

0.20 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-34%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £1,750,000

February 6, 2025

Floor Plans

Description

  • 5/6 Bedroom Detached +
  • Extended To Rear +
  • Ideal For Modernisation +
  • City & Station Location +
  • Potenial To Extend STPP +
  • Garage & Parking +
  • Large Family Garden +
  • Chain Free +

Situated in the heart of St. Albans on Carlisle Avenue, this impressive period detached home presents a remarkable opportunity for those seeking a substantial refurbishment project. With its generous layout, the property boasts five spacious reception rooms, providing ample space for both relaxation and entertaining. The six well-proportioned bedrooms offer versatility for family living or guest accommodation, while the four bathrooms ensure convenience for all. This large home, already extended, is set within a delightful garden, perfect for outdoor activities or simply enjoying the tranquillity of your own private space. Additionally, the property features a garage, adding to the practicality of this charming residence. Being chain-free, this property allows for a smoother transition for prospective buyers, making it an attractive option for those looking to invest in a home that they can truly make their own. The central location means you will be just a stone's throw away from the vibrant amenities of St. Albans, including shops, restaurants, and excellent transport links. This is a rare opportunity to acquire a period home with immense potential in a sought-after area. Whether you are looking to create your dream family home or seeking a project to add value, this property is not to be missed. Embrace the chance to transform this spacious house into a stunning residence that reflects your personal style and vision.

Agent Details

Cassidy & Tate, St Albans

01727 649739

Next Steps?

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