2 Bed Flat, Single Let, St Albans, AL2 1EG, £225,000

Cotlandswick, London Colney, St. Albans, AL2 1EG - 10 views - a year ago

Leasehold
BTL
ROI: 6%
~64 m²
+5 photos

ValuationUndervalued

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

 

 

Square Metres

~63.80 m²
Price/m²£3.5K/m²

Value Estimate

£281,250
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Total Cash In

£64,200

 

 

Cash Out

 

Rent Range

£1,300 - £1,750

Rent Estimate

£1,288

Running Costs/mo

£981

Cashflow/mo

£307

Cashflow/yr

£3,687

ROI

6%

Gross Yield

7%

Local Sold Prices

44 sold prices from £150K to £849.8K, average is £298.3K. £2.2K/m² to £6.6K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£235.5K09/220 mi191, Cotlandswick, London Colney, St Albans, Hertfordshire AL2 1EG2
£337.5K12/230.27 mi60, Napsbury Avenue, London Colney, St Albans, Hertfordshire AL2 1LS2
£245K11/220.31 mi196a, High Street, London Colney, St Albans, Hertfordshire AL2 1JQ2
£285K04/210.33 mi6, Chester Gibbons Green, London Colney, St Albans, Hertfordshire AL2 1HE2
£294K11/200.36 miFlat 3, Green Oak House, Shenley Lane, London Colney, St Albans, Hertfordshire AL2 1FE2
£280K08/230.37 mi40, Haseldine Road, London Colney, St Albans, Hertfordshire AL2 1RT2
£150K12/200.38 mi4, Lime Tree Court, London Colney, St Albans, Hertfordshire AL2 1UL2
£849.8K01/230.45 mi12, Boyes Crescent, London Colney, St Albans, Hertfordshire AL2 1UB2
£531K04/230.45 mi14, Boyes Crescent, London Colney, St Albans, Hertfordshire AL2 1UB2
£315K05/210.45 mi10, Bluett Road, London Colney, St. Albans, Hertfordshire AL2 1RN2
£405K12/200.46 miFlat 6, Academy Court, Goldring Way, London Colney, St. Albans, Hertfordshire AL2 1GZ2
£495K12/200.46 miFlat 3, Academy Court, Goldring Way, London Colney, St. Albans, Hertfordshire AL2 1GZ2
£465K06/210.46 miFlat 5, Academy Court, Goldring Way, London Colney, St. Albans, Hertfordshire AL2 1GZ2
£325K01/210.47 mi17, Bluett Road, London Colney, St. Albans, Hertfordshire AL2 1RN2
£315K11/200.47 mi16, Bluett Road, London Colney, St Albans, Hertfordshire AL2 1RN2
£329.9K12/220.5 mi16, Kennedy Close, London Colney, St Albans, Hertfordshire AL2 1GR2
£377K12/220.51 miApartment 4, Walter Slade Court, Norris Close, Napsbury Park, St Albans, Hertfordshire AL2 1WW2
£335K03/230.52 mi2, Meadow Close, London Colney, St Albans, Hertfordshire AL2 1RQ2
£299.5K12/200.53 mi23, Meadow Close, London Colney, St. Albans, Hertfordshire AL2 1RQ2
£295K10/220.53 mi13, Meadow Close, London Colney, St Albans, Hertfordshire AL2 1RQ2
£297K09/210.53 mi32, Sanders Close, London Colney, St Albans, Hertfordshire AL2 1NZ2
£300K11/200.53 mi6, Sanders Close, London Colney, St. Albans, Hertfordshire AL2 1NZ2
£350K09/220.54 mi8, Sanders Close, London Colney, St Albans, Hertfordshire AL2 1NZ2
£280K09/220.56 mi21, Meadow Close, London Colney, St Albans, Hertfordshire AL2 1RQ2
£325K12/200.58 mi83, St Annes Road, London Colney, St. Albans, Hertfordshire AL2 1PA2
£475K09/210.6 miFlat 7, Logan Court, Beningfield Drive, Napsbury Park, St Albans, Hertfordshire AL2 1GD2
£227.5K01/210.6 mi36, Meadow Close, London Colney, St. Albans, Hertfordshire AL2 1RH2
£278K11/220.61 miFlat 3, Heather Court, St Annes Road, London Colney, St Albans, Hertfordshire AL2 1HQ2
£222K06/210.69 mi50, Hardwicke Place, London Colney, St. Albans, Hertfordshire AL2 1PX2
£408K11/200.71 miFlat 7, The Brownings, Beningfield Drive, Napsbury Park, St. Albans, Hertfordshire AL2 1GH2
£496K11/210.72 miFlat 5, Great Leys Court, Beningfield Drive, Napsbury Park, St. Albans, Hertfordshire AL2 1GJ2
£520K02/210.74 miFlat 5, Rush Leys Court, Beningfield Drive, Napsbury Park, St Albans, Hertfordshire AL2 1GN2
£440K01/230.9 miFlat 11, Lansdowne Place, London Road, St Albans, Hertfordshire AL1 1LT2
£430K12/200.9 miFlat 12, Lansdowne Place, London Road, St. Albans, Hertfordshire AL1 1LT2
£223K01/240.92 mi47, Thamesdale, London Colney, St Albans, Hertfordshire AL2 1TA2
£250K08/210.94 mi9, Ribbledale, London Colney, St Albans, Hertfordshire AL2 1TD2
£245K06/210.95 mi13, Watersplash Court, London Colney, St. Albans, Hertfordshire AL2 1TN2
£255K08/230.95 mi11, Watersplash Court, London Colney, St Albans, Hertfordshire AL2 1TN2
£245K02/210.95 mi24, Watersplash Court, London Colney, St. Albans, Hertfordshire AL2 1TN2
£250K04/230.95 mi14, Watersplash Court, London Colney, St Albans, Hertfordshire AL2 1TN2
£233K06/210.98 mi21, Wyedale, London Colney, St. Albans, Hertfordshire AL2 1TG2
£245K10/230.98 mi22, Wyedale, London Colney, St Albans, Hertfordshire AL2 1TG2
£210K03/210.98 mi22, Wyedale, London Colney, St. Albans, Hertfordshire AL2 1TG2
£235K07/210.99 mi59, Frobisher Road, St Albans, Hertfordshire AL1 5AH2

Local Rents

10 rents from £1.3K/mo to £1.8K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,49904/250.11 mi-2
£1,50012/240.33 miNapier Close, London Colney, AL22
£1,75012/240.35 miKings Road, London Colney2
£1,55012/240.35 miShenley Lane, St. Albans, Hertfordshire, AL2 1FE2
£1,45002/240.38 mi-2
£1,35012/240.42 miHigh Street, London Colney, St Albans2
£1,35012/240.5 miHigh Street, London Colney, High Street, AL2, AL22
£1,30010/240.56 mi-2
£1,70001/240.57 mi-2
£1,30012/240.6 miMeadow Close, London Colney, St Albans, Herts, AL22

Local Area Statistics

Population in AL2

23,314

Population in St Albans

114,693

Town centre distance

1.50 miles away

Nearest school

0.20 miles away

Nearest train station

1.67 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £225,000

April 25, 2024

Floor Plans

Description

  • No Upper Chain +
  • Two Double Bedrooms +
  • Ground Floor +
  • New Intercom System +
  • Walking Distance To Local Amenities +
  • Communal Gardens +
  • External Storage Unit +
  • Gas Central Heating +
  • Ideal First Time Purchase +
  • Great Buy To Let Investment +

Presented with no upper chain, this generously proportioned ground floor purpose-built flat is conveniently situated just a stone's throw away from London Colney High Street. Offering ample space and brimming with potential, this property presents an ideal investment opportunity. Inside the property presents an entrance hallway, two double bedrooms, a bathroom, kitchen, and lounge, along with an outdoor lock-up. Located near local amenities, residents will find shops, leisure facilities and schools within easy reach. Furthermore, the property benefits from its proximity to major transportation links, with the M25 accessible in just 5 minutes and the M1 a short 10-minute drive away, ensuring effortless commuting and travel opportunities.

Entrance Hall -

Bedroom 1 - 3.09 x 3.67 (10'1" x 12'0") -

Bedroom 2 - 3.09 x 3.59 (10'1" x 11'9") -

Bathroom - 1.66 x 1.87 (5'5" x 6'1") -

Kitchen - 1.66 x 3.67 (5'5" x 12'0") -

Lounge - 5.77 x 3.59 (18'11" x 11'9") -

External Storage Unit -

Ground Rent - £10 annually

Service Charge - £2,340 annually

Lease Years Remaining - 91 years

Council Tax Band - C

Epc - D

Agent Details

JW&Co, St Albans

01727 649256

Next Steps?

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