2 Bed Flat, Single Let, St Albans, AL2 1PX, £240,000

Hardwicke Place, London Colney, AL2 1PX - 2 views - 2 months ago

Leasehold
BTL
ROI: 4%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£150K - £849.8K
Sold Prices/m²£2.2K/m² - £6.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£292,800
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£13,200

Total Cash In

£73,200

 

 

Cash Out

 

Rent Range

£1,250 - £2,450

Rent Estimate

£1,300

Running Costs/mo

£1,030

Cashflow/mo

£270

Cashflow/yr

£3,240

ROI

4%

Gross Yield

7%

Local Sold Prices

46 sold prices from £150K to £849.8K, average is £289.5K. £2.2K/m² to £6.6K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£222K06/210.05 mi50, Hardwicke Place, London Colney, St. Albans, Hertfordshire AL2 1PX2
£278K11/220.11 miFlat 3, Heather Court, St Annes Road, London Colney, St Albans, Hertfordshire AL2 1HQ2
£325K12/200.14 mi83, St Annes Road, London Colney, St. Albans, Hertfordshire AL2 1PA2
£227.5K01/210.2 mi36, Meadow Close, London Colney, St. Albans, Hertfordshire AL2 1RH2
£297K09/210.2 mi32, Sanders Close, London Colney, St Albans, Hertfordshire AL2 1NZ2
£300K11/200.2 mi6, Sanders Close, London Colney, St. Albans, Hertfordshire AL2 1NZ2
£350K09/220.2 mi8, Sanders Close, London Colney, St Albans, Hertfordshire AL2 1NZ2
£280K09/220.21 mi21, Meadow Close, London Colney, St Albans, Hertfordshire AL2 1RQ2
£335K03/230.23 mi2, Meadow Close, London Colney, St Albans, Hertfordshire AL2 1RQ2
£295K10/220.24 mi13, Meadow Close, London Colney, St Albans, Hertfordshire AL2 1RQ2
£299.5K12/200.24 mi23, Meadow Close, London Colney, St. Albans, Hertfordshire AL2 1RQ2
£325K01/210.26 mi17, Bluett Road, London Colney, St. Albans, Hertfordshire AL2 1RN2
£315K11/200.26 mi16, Bluett Road, London Colney, St Albans, Hertfordshire AL2 1RN2
£315K05/210.28 mi10, Bluett Road, London Colney, St. Albans, Hertfordshire AL2 1RN2
£329.9K12/220.29 mi16, Kennedy Close, London Colney, St Albans, Hertfordshire AL2 1GR2
£280K08/230.34 mi40, Haseldine Road, London Colney, St Albans, Hertfordshire AL2 1RT2
£285K04/210.41 mi6, Chester Gibbons Green, London Colney, St Albans, Hertfordshire AL2 1HE2
£245K06/210.44 mi13, Watersplash Court, London Colney, St. Albans, Hertfordshire AL2 1TN2
£255K08/230.44 mi11, Watersplash Court, London Colney, St Albans, Hertfordshire AL2 1TN2
£245K02/210.44 mi24, Watersplash Court, London Colney, St. Albans, Hertfordshire AL2 1TN2
£250K04/230.44 mi14, Watersplash Court, London Colney, St Albans, Hertfordshire AL2 1TN2
£245K11/220.45 mi196a, High Street, London Colney, St Albans, Hertfordshire AL2 1JQ2
£223K01/240.45 mi47, Thamesdale, London Colney, St Albans, Hertfordshire AL2 1TA2
£250K08/210.5 mi9, Ribbledale, London Colney, St Albans, Hertfordshire AL2 1TD2
£233K06/210.51 mi21, Wyedale, London Colney, St. Albans, Hertfordshire AL2 1TG2
£245K10/230.51 mi22, Wyedale, London Colney, St Albans, Hertfordshire AL2 1TG2
£210K03/210.51 mi22, Wyedale, London Colney, St. Albans, Hertfordshire AL2 1TG2
£250K04/240.58 mi64, Wyedale, London Colney, St Albans, Hertfordshire AL2 1TH2
£250K10/220.58 mi66, Wyedale, London Colney, St Albans, Hertfordshire AL2 1TH2
£249K02/230.58 mi74, Wyedale, London Colney, St Albans, Hertfordshire AL2 1TH2
£337.5K12/230.59 mi60, Napsbury Avenue, London Colney, St Albans, Hertfordshire AL2 1LS2
£849.8K01/230.62 mi12, Boyes Crescent, London Colney, St Albans, Hertfordshire AL2 1UB2
£531K04/230.62 mi14, Boyes Crescent, London Colney, St Albans, Hertfordshire AL2 1UB2
£233K06/230.64 mi22, Eskdale, London Colney, St Albans, Hertfordshire AL2 1TJ2
£235K08/230.64 mi26, Eskdale, London Colney, St Albans, Hertfordshire AL2 1TJ2
£150K12/200.7 mi4, Lime Tree Court, London Colney, St Albans, Hertfordshire AL2 1UL2
£294K11/200.7 miFlat 3, Green Oak House, Shenley Lane, London Colney, St Albans, Hertfordshire AL2 1FE2
£475K09/210.7 miFlat 7, Logan Court, Beningfield Drive, Napsbury Park, St Albans, Hertfordshire AL2 1GD2
£235.5K09/220.71 mi191, Cotlandswick, London Colney, St Albans, Hertfordshire AL2 1EG2
£405K12/200.72 miFlat 6, Academy Court, Goldring Way, London Colney, St. Albans, Hertfordshire AL2 1GZ2
£495K12/200.72 miFlat 3, Academy Court, Goldring Way, London Colney, St. Albans, Hertfordshire AL2 1GZ2
£465K06/210.72 miFlat 5, Academy Court, Goldring Way, London Colney, St. Albans, Hertfordshire AL2 1GZ2
£408K11/200.79 miFlat 7, The Brownings, Beningfield Drive, Napsbury Park, St. Albans, Hertfordshire AL2 1GH2
£377K12/220.79 miApartment 4, Walter Slade Court, Norris Close, Napsbury Park, St Albans, Hertfordshire AL2 1WW2
£496K11/210.83 miFlat 5, Great Leys Court, Beningfield Drive, Napsbury Park, St. Albans, Hertfordshire AL2 1GJ2
£520K02/210.89 miFlat 5, Rush Leys Court, Beningfield Drive, Napsbury Park, St Albans, Hertfordshire AL2 1GN2

Local Rents

10 rents from £1.3K/mo to £2.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,42512/240.05 miHardwicke Place, London Colney, St Albans2
£1,50010/240.2 mi-2
£1,30012/240.2 miMeadow Close, London Colney, St Albans, Herts, AL22
£1,30010/240.22 mi-2
£1,35012/240.33 miHigh Street, London Colney, St Albans2
£1,35012/240.38 miHigh Street, London Colney, High Street, AL2, AL22
£1,50012/240.45 mi-2
£1,25012/240.52 miWyedale, London Colney2
£2,45012/240.52 miShenley Lane, London Colney, St. Albans, AL2 1AH2
£1,75012/240.56 miKings Road, London Colney2

Local Area Statistics

Population in AL2

23,314

Population in St Albans

114,693

Town centre distance

2.15 miles away

Nearest school

0.20 miles away

Nearest train station

1.97 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £240,000

March 6, 2025

Floor Plans

Description

  • No Upper Chain +
  • Leasehold +
  • New Lease Extension +
  • Two Bedrooms +
  • Quiet No Through Road +
  • Spacious Living Room +
  • Communal Grounds +
  • Communal Parking +

This two-bedroom first-floor flat is located on Hardwicke Place, London Colney. Situated within easy reach of London Colney's local amenities, public transport, and excellent motorway links, this property is an ideal opportunity for investors looking to grow their buy-to-let portfolios.

Internally, the property comprises an entrance hallway, two bedrooms, a bathroom, a lounge/dining room, and a kitchen with appliances. It also benefits from residents' parking.

Additionally, the property has recently undergone a lease extension, providing long-term security and added value for prospective buyers.

Offered chain-free.

Entrance Hallway -

Bedroom 1 - 2.82 x 3.88 (9'3" x 12'8") -

Bedroom 2 - 2.13 x 2.88 (6'11" x 9'5") -

Bathroom -

Living Room/Dinging Room - 3.46 x 488 (11'4" x 1601'0") -

Kitchen - 2.64 x 2.52 (8'7" x 8'3") -

Agent Details

JW&Co, St Albans

01727 649256

Next Steps?

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