3 Bed Semi-Detached House, Refurb/BRRR, St Albans, AL4 8HW, £550,000

247 Lower Luton Road, Wheathampstead, AL4 8HW - 2 views - 2 months ago

Sold STC
Refurb/BRRR
81 m²
+8 photos

ValuationOvervalued

Sold Prices£400K - £1.2M
Sold Prices/m²£3.8K/m² - £10.1K/m²

 

 

Square Metres

81 m²
Price/m²£6.8K/m²

Value Estimate

£459,000

 

 

End Value (After Refurb)

£546,875

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Refurb Costs

£40,065

Bridging Loan Interest

£14,438

Total Cash In

£226,452

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£546,875

Mortgage (After Refinance)

£410,156

Mortgage LTV

75%

Cash Left In

£226,452

Equity

£136,719

Rent Range

£1,750 - £3,250

Rent Estimate

£2,279

Running Costs/mo

£2,185

Cashflow/mo

£94

Cashflow/yr

£1,131

ROI

0%

Gross Yield

5%

Local Sold Prices

38 sold prices from £400K to £1.2M, average is £580K. £3.8K/m² to £10.1K/m², average is £5.9K/m².

PriceDateDistanceAddressBeds 
£653K10/230.02 mi251, Lower Luton Road, Wheathampstead, St Albans, Hertfordshire AL4 8HW3
£650K06/230.21 mi316, Lower Luton Road, Wheathampstead, St Albans, Hertfordshire AL4 8HT3
£450K12/200.21 mi300, Lower Luton Road, Wheathampstead, St. Albans, Hertfordshire AL4 8HT3
£530K04/210.21 mi308, Lower Luton Road, Wheathampstead, St. Albans, Hertfordshire AL4 8HT3
£610K04/210.23 mi33, Marshalls Way, Wheathampstead, St. Albans, Hertfordshire AL4 8HZ3
£613K12/210.26 mi54, Folly Fields, Wheathampstead, St Albans, Hertfordshire AL4 8HL3
£517.5K07/230.26 mi24a, Folly Fields, Wheathampstead, St Albans, Hertfordshire AL4 8HL3
£440K11/210.38 mi149, Lower Luton Road, Wheathampstead, St. Albans, Hertfordshire AL4 8HQ3
£600K07/230.4 mi344, Lower Luton Road, Wheathampstead, St Albans, Hertfordshire AL4 8JQ3
£510K05/210.47 mi168, Lower Luton Road, Wheathampstead, St. Albans, Hertfordshire AL4 8HH3
£495K03/210.47 mi114, Lower Luton Road, Wheathampstead, St. Albans, Hertfordshire AL4 8HH3
£460K11/230.79 mi105, Piggottshill Lane, Harpenden, Hertfordshire AL5 5UN3
£550K03/210.86 mi38, Marquis Lane, Harpenden, Hertfordshire AL5 5AE3
£757.5K11/200.87 mi19, King Edward Place, Wheathampstead, St Albans, Hertfordshire AL4 8FJ3
£746K06/210.87 mi3, King Edward Place, Wheathampstead, St. Albans, Hertfordshire AL4 8FJ3
£750K03/210.87 mi9, King Edward Place, Wheathampstead, St. Albans, Hertfordshire AL4 8FJ3
£415K12/200.88 mi27, Kingfisher Close, Wheathampstead, St. Albans, Hertfordshire AL4 8JJ3
£420K11/200.89 mi35, Brewhouse Hill, Wheathampstead, St. Albans, Hertfordshire AL4 8AN3
£440K11/200.89 mi16, Brewhouse Hill, Wheathampstead, St Albans, Hertfordshire AL4 8AF3
£600.5K10/200.91 mi36, Lattimore Road, Wheathampstead, St. Albans, Hertfordshire AL4 8QE3
£525K07/230.92 mi27, Waldegrave Park, Harpenden, Hertfordshire AL5 5SF3
£647.5K01/240.93 miAlbany Villa, Church Street, Wheathampstead, St Albans, Hertfordshire AL4 8AW3
£400K01/210.93 mi28, Ashwell Park, Harpenden, Hertfordshire AL5 5SG3
£500K01/210.93 mi20, Ashwell Park, Harpenden, Hertfordshire AL5 5SG3
£520K11/230.93 mi28, Ashwell Park, Harpenden, Hertfordshire AL5 5SG3
£615K01/210.94 mi4, Glemsford Drive, Harpenden, Hertfordshire AL5 5RB3
£560K07/230.94 mi32, Glemsford Drive, Harpenden, Hertfordshire AL5 5RB3
£625K01/230.96 mi3, Glemsford Drive, Harpenden, Hertfordshire AL5 5RB3
£620K11/210.96 mi3, Glemsford Drive, Harpenden, Hertfordshire AL5 5RB3
£800K12/230.96 mi3, Barton Road, Wheathampstead, St Albans, Hertfordshire AL4 8QG3
£1.2M10/230.97 mi2, Ashcroft Close, Harpenden, Hertfordshire AL5 1JJ3
£655K11/200.98 mi18, Weybourne Close, Harpenden, Hertfordshire AL5 5RE3
£615K02/210.98 mi14, Weybourne Close, Harpenden, Hertfordshire AL5 5RE3
£552.5K03/210.98 mi29, Weybourne Close, Harpenden, Hertfordshire AL5 5RE3
£630K07/231 mi22, Holly Walk, Harpenden, Hertfordshire AL5 5RG3
£550K01/211 mi26, Holly Walk, Harpenden, Hertfordshire AL5 5RG3
£455K03/211 mi10, Holly Walk, Harpenden, Hertfordshire AL5 5RG3
£805K10/231 mi33, Holly Walk, Harpenden, Hertfordshire AL5 5RG3

Local Rents

10 rents from £1.8K/mo to £3.3K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£2,15012/240.89 mi-3
£1,99007/240.89 mi-3
£2,00012/241.02 mi-3
£2,50004/241.03 mi-3
£2,10012/241.03 miThe Cleave, Harpenden, Hertfordshire3
£2,60003/241.05 mi-3
£2,60012/241.05 miMelbourne Mews, Wheathampstead, St. Albans, AL43
£1,75012/241.18 miSaxon Road, Wheathampstead, St Albans, AL43
£3,25012/241.24 miPiggottshill Lane, Harpenden, Hertfordshire, AL53
£1,85003/231.24 mi-3

Local Area Statistics

Population in AL4

27,203

Population in St Albans

114,693

Town centre distance

5.34 miles away

Nearest school

0.70 miles away

Nearest train station

1.64 miles away

 

 

Rental growth (12m)

-12%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Listed for £550,000

February 10, 2025

Floor Plans

Description

  • Semi-detached 1930's house with great possibilities +
  • Ground floor with two reception rooms, a conservatory and kitchen +
  • First floor offering three bedrooms and a bathroom +
  • Gas fired central heating +
  • Off street parking for multiple vehicles +
  • Well proportioned south facing rear garden +
  • CHAIN FREE +
  • Nearby Wheathampstead High Street features a good selection of shops, bars and restaurants and within reach of a selection of the excellent schools +
  • Wheathampstead (1.2 miles) Harpenden Station (2.3 miles) +

Built in the 1930's, this semi-detached house sits within a generously proportioned plot and offers scope for extension and modernisation. The property is ideal for somebody who is looking for a blank canvas to improve and add value to.

Ground Floor -

Entrance Hall -

Cloakroom -

Living Room - 3.56m x 3.43m (11'8 x 11'3) -

Dining Room - 3.58m x 3.43m (11'9 x 11'3) -

Kitchen - 4.09m x 1.80m (13'5 x 5'11) -

Conservatory - 3.45m max x 2.39m (11'4 max x 7'10) -

First Floor -

Landing -

Bedroom One - 3.58m x 2.97m (11'9 x 9'9) -

Bedroom Two - 3.56m x 3.38m (11'8 x 11'1) -

Bedroom Three - 2.62m x 2.34m (8'7 x 7'8) -

Bathroom -

Externally -

Off Street Parking For Multiple Vehicles -

Rear Garden - 35.05m approximately (115' approximately) -

Agent Details

Whittaker & Co, Harpenden

01582 377722

Next Steps?

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