2 Bed Terraced House, Planning Permission, St Albans, AL3 5TU, £500,000

White Hedge Drive, St. Albans, Hertfordshire, AL3 5TU - 1 views - 2 months ago

Planning
ROI: 2%
~68 m²
+13 photos

ValuationFair Value

Sold Prices£387.5K - £875K
Sold Prices/m²£5.8K/m² - £14.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£7.3K/m²

Value Estimate

£500,000

 

 

End Value (After Refurb)

£492,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£38,700

Refurb Costs

£33,314

Bridging Loan Interest

£13,125

Total Cash In

£211,889

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£492,500

Mortgage (After Refinance)

£369,375

Mortgage LTV

75%

Cash Left In

£211,889

Equity

£123,125

Rent Range

£1,495 - £3,800

Rent Estimate

£2,472

Running Costs/mo

£2,053

Cashflow/mo

£419

Cashflow/yr

£5,022

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £387.5K to £875K, average is £555K. £5.8K/m² to £14.7K/m², average is £8.1K/m².

PriceDateDistanceAddressBeds 
£419K09/210.01 mi39, White Hedge Drive, St Albans, Hertfordshire AL3 5TU2
£450K12/230.13 mi5, Ladies Grove, St Albans, Hertfordshire AL3 5TR2
£470K10/230.18 mi127, Batchwood Drive, St Albans, Hertfordshire AL3 5UE2
£650K11/230.23 mi31, Kimberley Road, St Albans, Hertfordshire AL3 5PX2
£602K04/210.23 mi34, Kimberley Road, St. Albans, Hertfordshire AL3 5PX2
£570.4K11/210.28 miRidgmont, Ladysmith Road, St. Albans, Hertfordshire AL3 5QA2
£517.5K01/210.29 mi23, Oster Street, St. Albans, Hertfordshire AL3 5JN2
£525K06/230.29 mi9, Oster Street, St Albans, Hertfordshire AL3 5JN2
£555K03/240.29 mi5, Oster Street, St Albans, Hertfordshire AL3 5JN2
£540K11/220.31 mi40, Oster Street, St Albans, Hertfordshire AL3 5JL2
£560K11/220.31 mi48, Oster Street, St Albans, Hertfordshire AL3 5JL2
£621.3K06/210.31 mi37, Normandy Road, St. Albans, Hertfordshire AL3 5PR2
£537.5K09/210.31 mi56, Oster Street, St. Albans, Hertfordshire AL3 5JL2
£560K07/230.31 mi24, Oster Street, St Albans, Hertfordshire AL3 5JL2
£457K09/230.31 mi50, Oster Street, St Albans, Hertfordshire AL3 5JL2
£515K01/240.31 mi38, Oster Street, St Albans, Hertfordshire AL3 5JL2
£540K10/230.31 mi14, Oster Street, St Albans, Hertfordshire AL3 5JL2
£450K05/230.31 mi5, High Grove, St Albans, Hertfordshire AL3 5SU2
£387.5K11/200.31 mi2, High Grove, St. Albans, Hertfordshire AL3 5SU2
£500K10/200.31 mi54, Folly Lane, St Albans, Hertfordshire AL3 5JJ2
£695K02/230.31 mi43, Cannon Street, St Albans, Hertfordshire AL3 5JR2
£695K08/210.31 mi41, Cannon Street, St. Albans, Hertfordshire AL3 5JR2
£490K02/240.31 mi37, Cannon Street, St Albans, Hertfordshire AL3 5JR2
£630K03/240.33 mi9, Folly Avenue, St Albans, Hertfordshire AL3 5QE2
£650K02/230.34 mi36, Cannon Street, St Albans, Hertfordshire AL3 5JS2
£625K07/230.34 mi34, Folly Lane, St Albans, Hertfordshire AL3 5JP2
£478K05/240.34 mi48, Cannon Street, St Albans, Hertfordshire AL3 5JS2
£700K03/240.34 mi44, Cannon Street, St Albans, Hertfordshire AL3 5JS2
£580K03/230.34 mi9, Ashwell Street, St Albans, Hertfordshire AL3 5JY2
£678.8K02/210.34 mi143, Verulam Road, St. Albans, Hertfordshire AL3 4DN2
£590K11/220.35 mi5, Portland Street, St Albans, Hertfordshire AL3 4RA2
£515K08/240.38 mi45, Portland Street, St Albans, Hertfordshire AL3 4RA2
£515K06/210.38 mi31, Portland Street, St. Albans, Hertfordshire AL3 4RA2
£580K12/230.38 mi59, Portland Street, St Albans, Hertfordshire AL3 4RA2
£465K01/210.38 mi8, Normandy Road, St. Albans, Hertfordshire AL3 5QG2
£502.5K08/240.38 mi28, Portland Street, St Albans, Hertfordshire AL3 4RB2
£632K03/210.39 mi7a, Worley Road, St Albans, Hertfordshire AL3 5NR2
£660K09/230.39 mi17, Worley Road, St Albans, Hertfordshire AL3 5NR2
£555K08/230.4 mi33, Dalton Street, St Albans, Hertfordshire AL3 5QH2
£685K01/230.4 mi31, Dalton Street, St Albans, Hertfordshire AL3 5QH2
£611K02/240.42 mi15, Dalton Street, St Albans, Hertfordshire AL3 5QQ2
£527K11/230.42 mi17, Dalton Street, St Albans, Hertfordshire AL3 5QQ2
£415K03/230.42 mi8, Dalton Street, St Albans, Hertfordshire AL3 5QQ2
£482.5K03/210.42 mi10, Dalton Street, St. Albans, Hertfordshire AL3 5QJ2
£610K04/240.42 mi10a, Dalton Street, St Albans, Hertfordshire AL3 5QJ2
£600K12/220.42 mi40, Dalton Street, St Albans, Hertfordshire AL3 5QJ2
£580K04/230.43 mi47, Bernard Street, St Albans, Hertfordshire AL3 5QL2
£875K12/200.43 mi186, Fishpool Street, St. Albans, Hertfordshire AL3 4SB2
£520K04/230.44 mi68, Catherine Street, St Albans, Hertfordshire AL3 5BT2
£555K09/210.44 mi9, Bernard Street, St. Albans, Hertfordshire AL3 5QW2

Local Rents

30 rents from £1.5K/mo to £3.8K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£2,15002/250.1 mi-2
£1,60012/240.38 miPortland Street St. Albans AL32
£1,60012/240.39 miThe Lawns, Mount Pleasant, St. Albans, Hertfordshire, AL32
£1,75012/240.41 miPortland Street, St. Albans, Hertfordshire2
£2,10012/230.48 mi-2
£2,35003/250.48 mi-2
£1,49512/240.49 miAdelaide Street, St Albans, Herts, AL32
£1,95012/240.5 miCollege Place, St. Albans2
£1,50012/240.5 miTemperance Street2
£1,60012/240.5 miCarlisle Avenue2
£1,80012/240.5 miST ALBANS; College Place2
£1,85012/240.5 miCollege Place2
£1,75012/240.54 miVerulam Road, St. Albans, Hertfordshire, AL32
£1,65011/230.55 mi-2
£2,80012/240.58 mi-2
£3,00012/240.58 mi-2
£2,90002/250.58 mi-2
£3,70002/250.58 mi-2
£3,50001/250.58 mi-2
£3,50012/240.58 mi-2
£3,80003/250.58 mi-2
£3,25004/250.58 mi-2
£3,50004/250.58 mi-2
£3,50004/250.58 mi-2
£3,70004/250.58 mi-2
£3,50004/250.58 mi-2
£3,25004/250.58 mi-2
£1,65012/240.59 miTankerfield Place, Romeland Hill, St. Albans, Hertfordshire2
£1,66512/230.6 mi-2
£1,80012/240.61 miHall Place2

Local Area Statistics

Population in AL3

27,957

Population in St Albans

114,693

Town centre distance

1.51 miles away

Nearest school

0.50 miles away

Nearest train station

0.99 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-34%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £500,000

March 5, 2025

Floor Plans

Description

  • End of Terrace +
  • Two Double Bedrooms +
  • Re Fitted Kitchen +
  • Potential for Extension, STPP +
  • Access to Loft Storage +

A two double bedroom end of terrace home, comprising internally of an entrance hall way with bookshelves and understairs storage, a dual aspect living/dining room with patio doors leading to the rear garden and there is also a re-fitted kitchen with breakfast bar, panty cupboard and door to garden. The first floor includes two double bedrooms with built in wardrobes, a family bathroom and access to loft storage.

Externally the house is complemented by a private rear garden with patio area, brick-built shed and side access and there is also potential for extension subject to the relevant planning permissions.

CONVEYANCING

Through our partners Frost's Conveyancing, we can introduce you to solicitors who specialise in conveyancing. Ask us for further information today.

MORTGAGES

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Exclusive deals are made available to Embrace Financial Services by PRIMIS Mortgage Network, to which Embrace Financial Services are an Appointed Representative

Frosts Estate Agents is an Introducer Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.

Embrace Financial Services Ltd. is an Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Ltd which is authorised and regulated by the Financial Conduct Authority.

LETTINGS and MANAGEMENT

We offer a complete range of services for Landlords, from fully managed lets to advertising only. Each Landlord who chooses full management has a personal Property Manager and all our fees are based on a ‘no let - no fee’ basis.

DISCLAIMER

These particulars are a general guide only. They do not form part of any contract. Services, systems and appliances have not been tested.

BUYERS INFORMATION

To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Lifetime Legal, who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £60 plus VAT for this (for the transaction not per person), payable direct to Lifetime Legal. Please note, we are unable to issue a memorandum of sale until the checks are complete.

REFERRAL FEES

We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Frost's.

FCQ230199/1

Agent Details

Frost's, St. Albans

01727 649757

Next Steps?

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