2 Bed Terraced House, Refurb/BRRR, St Albans, AL3 5JS, £599,950

2 Cannon Street, St. Albans, AL3 5JS - 12 days ago

Refurb/BRRR
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£415K - £714K
Sold Prices/m²£6.6K/m² - £14.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£8.8K/m²

Value Estimate

£572,751

 

 

End Value (After Refurb)

£577,601

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£149,988

Stamp Duty & Legal Fees

£51,195

Refurb Costs

£33,314

Bridging Loan Interest

£15,749

Total Cash In

£251,996

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£577,601

Mortgage (After Refinance)

£433,201

Mortgage LTV

75%

Cash Left In

£251,996

Equity

£144,400

Rent Range

£1,300 - £3,800

Rent Estimate

£2,280

Running Costs/mo

£2,281

Cashflow/mo

£-1

Cashflow/yr

£-12

Gross Yield

5%

Local Sold Prices

50 sold prices from £415K to £714K, average is £555K. £6.6K/m² to £14.7K/m², average is £8.1K/m².

PriceDateDistanceAddressBeds 
£650K02/230.01 mi36, Cannon Street, St Albans, Hertfordshire AL3 5JS2
£478K05/240.02 mi48, Cannon Street, St Albans, Hertfordshire AL3 5JS2
£700K03/240.02 mi44, Cannon Street, St Albans, Hertfordshire AL3 5JS2
£695K02/230.02 mi43, Cannon Street, St Albans, Hertfordshire AL3 5JR2
£695K08/210.02 mi41, Cannon Street, St. Albans, Hertfordshire AL3 5JR2
£490K02/240.02 mi37, Cannon Street, St Albans, Hertfordshire AL3 5JR2
£580K03/230.03 mi9, Ashwell Street, St Albans, Hertfordshire AL3 5JY2
£540K11/220.03 mi40, Oster Street, St Albans, Hertfordshire AL3 5JL2
£560K11/220.03 mi48, Oster Street, St Albans, Hertfordshire AL3 5JL2
£537.5K09/210.04 mi56, Oster Street, St. Albans, Hertfordshire AL3 5JL2
£560K07/230.04 mi24, Oster Street, St Albans, Hertfordshire AL3 5JL2
£457K09/230.04 mi50, Oster Street, St Albans, Hertfordshire AL3 5JL2
£515K01/240.04 mi38, Oster Street, St Albans, Hertfordshire AL3 5JL2
£540K10/230.04 mi14, Oster Street, St Albans, Hertfordshire AL3 5JL2
£630K03/240.05 mi9, Folly Avenue, St Albans, Hertfordshire AL3 5QE2
£465K01/210.06 mi8, Normandy Road, St. Albans, Hertfordshire AL3 5QG2
£517.5K01/210.06 mi23, Oster Street, St. Albans, Hertfordshire AL3 5JN2
£525K06/230.06 mi9, Oster Street, St Albans, Hertfordshire AL3 5JN2
£555K03/240.06 mi5, Oster Street, St Albans, Hertfordshire AL3 5JN2
£625K07/230.06 mi34, Folly Lane, St Albans, Hertfordshire AL3 5JP2
£500K10/200.09 mi54, Folly Lane, St Albans, Hertfordshire AL3 5JJ2
£632K03/210.09 mi7a, Worley Road, St Albans, Hertfordshire AL3 5NR2
£660K09/230.09 mi17, Worley Road, St Albans, Hertfordshire AL3 5NR2
£621.3K06/210.09 mi37, Normandy Road, St. Albans, Hertfordshire AL3 5PR2
£570.4K11/210.11 miRidgmont, Ladysmith Road, St. Albans, Hertfordshire AL3 5QA2
£611K02/240.11 mi15, Dalton Street, St Albans, Hertfordshire AL3 5QQ2
£527K11/230.11 mi17, Dalton Street, St Albans, Hertfordshire AL3 5QQ2
£415K03/230.11 mi8, Dalton Street, St Albans, Hertfordshire AL3 5QQ2
£520K04/230.12 mi68, Catherine Street, St Albans, Hertfordshire AL3 5BT2
£714K11/230.13 mi30, Etna Road, St Albans, Hertfordshire AL3 5NJ2
£555K09/210.13 mi9, Bernard Street, St. Albans, Hertfordshire AL3 5QW2
£540K01/240.13 mi9, Bernard Street, St Albans, Hertfordshire AL3 5QW2
£650K11/230.14 mi31, Kimberley Road, St Albans, Hertfordshire AL3 5PX2
£602K04/210.14 mi34, Kimberley Road, St. Albans, Hertfordshire AL3 5PX2
£555K08/230.14 mi33, Dalton Street, St Albans, Hertfordshire AL3 5QH2
£685K01/230.14 mi31, Dalton Street, St Albans, Hertfordshire AL3 5QH2
£580K04/230.16 mi47, Bernard Street, St Albans, Hertfordshire AL3 5QL2
£475K08/210.17 mi24, Bernard Street, St. Albans, Hertfordshire AL3 5QN2
£535K03/210.17 mi50, Bernard Street, St. Albans, Hertfordshire AL3 5QN2
£624K12/230.17 mi46, Bernard Street, St Albans, Hertfordshire AL3 5QN2
£540K07/240.17 mi22, Bernard Street, St Albans, Hertfordshire AL3 5QN2
£482.5K03/210.18 mi10, Dalton Street, St. Albans, Hertfordshire AL3 5QJ2
£610K04/240.18 mi10a, Dalton Street, St Albans, Hertfordshire AL3 5QJ2
£600K12/220.18 mi40, Dalton Street, St Albans, Hertfordshire AL3 5QJ2
£567.5K03/210.19 mi21, Church Street, St. Albans, Hertfordshire AL3 5NG2
£515K01/210.19 mi71, Church Street, St. Albans, Hertfordshire AL3 5NG2
£475K04/210.19 mi77, Church Street, St Albans, Hertfordshire AL3 5NG2
£525K11/200.22 mi47, Grange Street, St Albans, Hertfordshire AL3 5NA2
£525K01/240.22 mi45, Grange Street, St Albans, Hertfordshire AL3 5NA2
£497.5K07/230.22 mi7, Grange Street, St Albans, Hertfordshire AL3 5NA2

Local Rents

50 rents from £1.3K/mo to £3.8K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,49512/240.16 miAdelaide Street, St Albans, Herts, AL32
£2,10012/230.17 mi-2
£2,35003/250.17 mi-2
£1,95012/240.24 miCollege Place, St. Albans2
£1,75012/240.25 miVerulam Road, St. Albans, Hertfordshire, AL32
£1,80012/240.25 miST ALBANS; College Place2
£1,85012/240.25 miCollege Place2
£2,80012/240.26 mi-2
£3,00012/240.26 mi-2
£2,90002/250.26 mi-2
£3,70002/250.26 mi-2
£3,50001/250.26 mi-2
£3,50012/240.26 mi-2
£3,80003/250.26 mi-2
£3,75004/250.26 mi-2
£3,70003/250.26 mi-2
£3,70004/250.26 mi-2
£3,70004/250.26 mi-2
£3,50003/250.26 mi-2
£3,80004/250.26 mi-2
£1,50012/240.26 miTemperance Street2
£1,60012/240.27 miCarlisle Avenue2
£1,65011/230.28 mi-2
£1,60012/240.29 miPortland Street St. Albans AL32
£1,75012/240.31 miPortland Street, St. Albans, Hertfordshire2
£1,80012/240.32 miHall Place2
£1,60012/240.32 miThe Lawns, Mount Pleasant, St. Albans, Hertfordshire, AL32
£1,55012/240.33 mi-2
£1,55012/240.33 mi-2
£1,80003/250.33 mi-2
£1,30012/240.33 miHatfield Road, St. Albans, Hertfordshire2
£1,65012/240.34 miTankerfield Place, Romeland Hill, St. Albans, Hertfordshire2
£1,66512/230.35 mi-2
£3,00012/240.42 mi-2
£2,15002/250.42 mi-2
£1,75012/240.43 miAvenue Road, St. Albans, Hertfordshire, AL1 3QQ2
£3,20001/250.45 mi-2
£1,45012/240.47 miSandridge Road, St. Albans, Hertfordshire, AL12
£1,75012/240.48 miSt. Peters Road, ST. ALBANS2
£1,50012/240.49 miRaymer Court2
£2,00003/250.49 mi-2
£1,85012/240.51 miNewsom Place, St Peters Road, St Albans, AL12
£1,75012/240.51 miUpper Lattimore Road, St. Albans, Hertfordshire, AL12
£3,15004/250.51 mi-2
£1,75012/240.52 miNewsom Place, St. Peters Road, St. Albans, Hertfordshire, AL12
£1,90012/240.53 miSandpit Lane, St. Albans2
£1,85012/240.54 miFlat 7 Edinburgh House, London Road, St Albans, Herts, AL12
£2,10002/250.55 mi-2
£1,60012/240.55 miHillside Road St. Albans AL12
£1,60012/240.55 miMilliners Court, Lattimore Road, St. Albans, Hertfordshire2

Local Area Statistics

Population in AL3

27,957

Population in St Albans

114,693

Town centre distance

1.19 miles away

Nearest school

0.20 miles away

Nearest train station

0.66 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-34%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £599,950

March 31, 2025

Floor Plans

Description

  • Chain Free +
  • Two Double Bedrooms +
  • City Centre Location +
  • Private Garden +
  • Period Property +
  • Upstairs Bathroom +

Nestled in the heart of St. Albans on Cannon Street, this charming terraced cottage presents a wonderful opportunity for those seeking a home with character and potential. With two spacious reception rooms, this property offers ample space for both relaxation and entertaining. The two double bedrooms provide comfortable accommodation, making it ideal for couples, small families, or even as a rental investment. The cottage features a well-appointed bathroom, ensuring convenience for daily living. While the property requires some modernisation, this presents a unique chance for the new owner to personalise the space to their taste and style. The private rear garden is a delightful addition, offering a tranquil outdoor retreat for gardening enthusiasts or a perfect spot for al fresco dining during the warmer months. Being chain-free, this property allows for a smooth and efficient purchase process. Its prime location close to the city centre means that residents can enjoy easy access to a variety of shops, restaurants, and local amenities, as well as excellent transport links for commuting. In summary, this terraced cottage on Cannon Street is a fantastic opportunity for those looking to create their dream home in a vibrant and sought-after area of St. Albans. With its blend of charm, potential, and convenience, it is not to be missed.

Agent Details

Cassidy & Tate, St Albans

01727 649739

Next Steps?

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