2 Bed Detached House, Refurb/BRRR, St Albans, AL3 7PB, £400,000

48 Harpenden Lane, Redbourn, St Albans, Hertfordshire, AL3 7PB - 2 views - 23 days ago

Refurb/BRRR

ROI: 3%

~68 m²

+7 photos

ValuationFair Value

Sold Prices	£310K - £575K
Sold Prices/m²	£3.5K/m² - £10.6K/m²

Square Metres	~68.11 m²
Price/m²	£5.9K/m²
Value Estimate	£400,000£400,000

End Value (After Refurb)	£395,000£395,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£100,000£100,000
Stamp Duty & Legal Fees	£28,700£28,700
Refurb Costs	£33,314£33,314
Bridging Loan Interest	£10,500£10,500
Total Cash In	£174,264£174,264

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£395,000£395,000
Mortgage (After Refinance)	£296,250£296,250
Mortgage LTV	75%75%
Cash Left In	£174,264£174,264
Equity	£98,750£98,750
Rent Range	£1,000 - £8,500£1,000 - £8,500
Rent Estimate	£2,183
Running Costs/mo	£1,691£1,691
Cashflow/mo	£492£492
Cashflow/yr	£5,904£5,904
ROI	3%3%
Gross Yield	7%7%

Local Sold Prices

24 sold prices from £310K to £575K, average is £403.8K. £3.5K/m² to £10.6K/m², average is £6.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£575K	03/21	0.02 mi	24, Harpenden Lane, Redbourn, St Albans, Hertfordshire AL3 7PB	£10,648	54	2	Detached House
£500K	10/23	0.02 mi	56, Harpenden Lane, Redbourn, St Albans, Hertfordshire AL3 7PB	-	-	2	Semi-Detached House
£485K	12/22	0.06 mi	28, Harpenden Lane, Redbourn, St Albans, Hertfordshire AL3 7PB	-	-	2	Detached House
£407.5K	11/20	0.12 mi	19, Crown Street, Redbourn, St. Albans, Hertfordshire AL3 7JX	£4,851	84	2	Semi-Detached House
£400K	03/21	0.15 mi	102, High Street, Redbourn, St. Albans, Hertfordshire AL3 7BD	£6,024	66	2	Terraced House
£390K	05/24	0.15 mi	122, High Street, Redbourn, St Albans, Hertfordshire AL3 7BD	£7,647	51	2	Terraced House
£324K	11/20	0.17 mi	42, Lamb Lane, Redbourn, St. Albans, Hertfordshire AL3 7BP	£7,200	45	2	Terraced House
£311K	05/21	0.19 mi	8, Shepherds Row, Redbourn, St. Albans, Hertfordshire AL3 7BT	£6,911	45	2	Terraced House
£415K	12/22	0.19 mi	11, Shepherds Row, Redbourn, St Albans, Hertfordshire AL3 7BT	£9,222	45	2	Terraced House
£500K	01/21	0.32 mi	8, Linden Road, Redbourn, St. Albans, Hertfordshire AL3 7PL	£5,208	96	2	Semi-Detached House
£547K	05/24	0.33 mi	2, High Street, Redbourn, St Albans, Hertfordshire AL3 7LJ	£6,924	79	2	Terraced House
£385K	08/21	0.4 mi	22, The Park, Redbourn, St. Albans, Hertfordshire AL3 7LR	-	-	2	Terraced House
£310K	03/24	0.43 mi	79a, The Park, Redbourn, St Albans, Hertfordshire AL3 7LS	£4,429	70	2	Terraced House
£378K	04/24	0.43 mi	67, The Park, Redbourn, St Albans, Hertfordshire AL3 7LS	-	-	2	Terraced House
£510K	04/23	0.48 mi	30, Silk Mill Road, Redbourn, St Albans, Hertfordshire AL3 7GE	-	-	2	Terraced House
£460K	03/21	0.51 mi	18, East Common, Redbourn, St. Albans, Hertfordshire AL3 7ND	-	-	2	Terraced House
£400K	05/21	0.51 mi	16, East Common, Redbourn, St. Albans, Hertfordshire AL3 7ND	£6,557	61	2	Terraced House
£450K	12/20	0.51 mi	17, East Common, Redbourn, St. Albans, Hertfordshire AL3 7ND	£7,258	62	2	Terraced House
£417K	02/21	0.51 mi	15, East Common, Redbourn, St. Albans, Hertfordshire AL3 7ND	£7,190	58	2	Terraced House
£400K	02/24	0.53 mi	40, Lybury Lane, Redbourn, St Albans, Hertfordshire AL3 7HY	£3,509	114	2	Bungalow
£475K	12/22	0.54 mi	42, East Common, Redbourn, St Albans, Hertfordshire AL3 7NQ	£6,924	69	2	Semi-Detached House
£330K	06/21	0.56 mi	54a, Lybury Lane, Redbourn, St. Albans, Hertfordshire AL3 7JA	£5,840	57	2	Terraced House
£372.5K	06/21	0.76 mi	58, Church End, Redbourn, St. Albans, Hertfordshire AL3 7DU	-	-	2	Terraced House
£325K	08/23	0.76 mi	64, Church End, Redbourn, St Albans, Hertfordshire AL3 7DU	-	-	2	Terraced House

Local Rents

50 rents from £1K/mo to £8.5K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,600	11/23	0.12 mi	-	2	Flat
£1,150	09/23	0.13 mi	-	2	Terraced House
£1,200	08/24	0.13 mi	-	2	Terraced House
£1,250	11/23	0.13 mi	-	1	Flat
£1,250	05/24	0.13 mi	-	1	Flat
£1,500	12/24	0.13 mi	Flat 3 Crown House, Crown Street, Redbourn, Hertfordshire, AL3	1	Flat
£1,500	12/24	0.13 mi	Flat 4 Crown House, Crown Street, Redbourne, Hertfordshire, AL3	1	Flat
£1,400	12/24	0.13 mi	Flat 1 Crown Street, Redbourn, St. Albans, Hertfordshire, AL3	1	Flat
£1,400	12/24	0.13 mi	Flat 2 Crown Street, Redbourn, St. Albans, Hertfordshire, AL3	1	Flat
£1,300	05/23	0.15 mi	-	2	Terraced House
£1,300	07/24	0.16 mi	-	1	Flat
£1,000	12/24	0.18 mi	Shepherds Row, Redbourn, St Albans, Herts, AL3	1	Flat
£1,100	07/24	0.19 mi	-	1	Flat
£1,640	03/25	0.52 mi	-	3	Flat
£3,250	12/24	0.59 mi	105 Dunstable Road, Redbourn, Redbourn, AL3	4	Flat
£1,400	12/24	0.74 mi	Church End, Redbourn, St. Albans	2	Terraced House
£1,335	08/24	0.78 mi	-	1	Flat
£1,550	12/24	0.79 mi	Church End, Redbourn, AL3	2	Flat
£3,000	12/24	1.44 mi	Oakfield Road Harpenden AL5	5	Detached House
£4,250	03/25	1.51 mi	-	4	Detached House
£3,395	12/24	1.51 mi	-	4	Detached House
£3,100	02/25	1.51 mi	-	4	Detached House
£1,100	12/24	1.54 mi	-	1	Detached House
£8,500	12/24	1.61 mi	Hatching Green Close, Harpenden, AL5	5	Detached House
£3,000	12/24	1.71 mi	Brackendale Grove, Harpenden, Hertfordshire, AL5	4	Detached House
£3,300	12/24	1.71 mi	Kirkwick Avenue, Harpenden	3	Detached House
£2,000	12/24	1.73 mi	-	2	Terraced House
£3,850	12/24	1.73 mi	Miley Close, Harpenden, AL5	5	Detached House
£2,200	05/24	1.79 mi	-	2	Flat
£2,450	12/24	1.8 mi	Amenbury Lane, Harpenden, AL5	3	Flat
£2,895	12/24	1.83 mi	Park Rise Close,Harpenden,AL5	4	Detached House
£1,250	12/24	1.83 mi	-	2	Terraced House
£2,800	01/25	1.85 mi	-	4	Terraced House
£6,000	12/24	1.85 mi	Kirkdale Road Harpenden AL5	4	Detached House
£2,100	10/24	1.86 mi	-	3	Flat
£1,950	12/24	1.89 mi	High Street, Harpenden, AL5	3	Flat
£2,200	12/24	1.91 mi	Douglas Road, Harpenden, Hertfordshire, AL5	3	Flat
£1,500	12/24	1.92 mi	Bowers Parade, Harpenden, AL5	2	Flat
£2,100	12/24	1.92 mi	Old Rectory Close, Harpenden, AL5	3	Terraced House
£1,600	07/24	1.93 mi	-	2	Flat
£1,300	08/24	1.93 mi	-	1	Flat
£2,200	01/25	1.93 mi	-	2	Flat
£2,200	01/25	1.93 mi	-	2	Flat
£4,000	12/24	1.93 mi	Gibbs Close, Harpenden, Hertfordshire, AL5	3	Flat
£1,495	02/24	1.93 mi	-	2	Flat
£1,400	12/24	1.96 mi	Roundwood Lane, Harpenden	2	Flat
£1,100	12/24	1.96 mi	Thompsons Close, Harpenden, AL5	1	Flat
£1,400	12/24	1.96 mi	The Putterills, Thompsons Close, Harpenden, Hertfordshire, AL5	2	Flat
£1,400	12/24	1.96 mi	Station Road, Harpenden, AL5	2	Flat
£1,050	12/24	1.96 mi	Arden Grove, Harpenden	1	Flat

Local Area Statistics

Population in AL3	27,95727,957
Population in St Albans	114,693114,693
Town centre distance	4.98 miles away4.98 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	2.02 miles away2.02 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-34%-34%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £400,000

March 10, 2025

Floor Plans

Description

Detached 2 bedroom bungalow that offer potential for updating and modernisation +
Lounge dining room +
Kitchen +
Bathroom +
Lean to conservatory +
Two good sized bedrooms +
Front and rear gardens +
Driveway +
Garage +
NO UPPER CHAIN +

Situated in this highly sought after Village` of Redbourn is the 2 bedroom detached bungalow that is in need of updating and modernisation. This property offers a great opportunity for a full refurbishment and or scope to extended STNCs. With NO UPPER CHAIN viewing is highly recommended.

This property is conveniently located for Redbourn high street with it shops, cafes, bars and local schools while St Albans and Harpenden are close at hand.

The property is arranged with a lounge dining room, kitchen, bathroom, two good sized bedroom and a lean to conservatory. to the front of the property is a garden and a driveway that offers off road parking and access to the garage. The property also benefits from a rear garden.

With NO UPPER CHAIN viewing is highly recommended.

Redbourn is a picturesque Hertfordshire Village offering a well serviced high street with a wide range of amenities, coffee shops and tea rooms. In the heart of Redbourn is the popular Common that is home to Redbourn Cricket Club and has a range of public houses close to hand. The Village is well located to access Harpenden, St Albans and Hemel Hempstead.

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Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

David Doyle Estate Agents, Boxmoor

01442 949959

Next Steps?

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