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London Road, St Albans, AL1

East of England

£700,000
Listed on 15/08/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
1770 sqft

Description

This mixed-use building presents a distinctive opportunity in the heart of St Albans City Centre, ideal for those looking to invest or renovate. Currently configured with a commercial space on the ground floor, previously occupied by Harry's Take Away, and a duplex maisonette above, this property blends residential and commercial potential effectively. St Albans is recognized for its vibrant atmosphere and excellent transport links, making it an appealing location for both residents and businesses. The St Albans City Station, located about 0.8 miles away, provides fast rail services to London St Pancras in approximately 21 minutes, while road access to the M25, M1, and A1(M) facilitates convenient travel. Proximity to Luton Airport and reasonable access to Heathrow and Stansted enhance its appeal as a commuter destination. The residential unit features its own entrance and showcases period details such as original sash windows and decorative fireplaces. Although it requires modernisation, this space offers considerable renovation potential for prospective buyers looking to tailor it to contemporary standards or personal preferences. The layout spans two floors; the first floor includes a kitchen/breakfast room, an impressive lounge/dining room exceeding 17 feet in length with ample natural light from the front-facing windows, along with a three-piece suite shower room. On the second floor are two well-sized bedrooms, each featuring their own en suite shower rooms. The commercial component extends over two floors—the spacious ground floor area exceeds 300 square feet and benefits from significant foot traffic due to its prime location on London Road. The basement adds further utility for storage or additional workspace. At the rear of the property is a private courtyard that can be utilized for outdoor purposes. This freehold property comes with no upper chain, thereby allowing for a seamless transition for any buyer looking to explore its full potential in this bustling city environment. With thoughtful renovations or strategic improvements, there is ample opportunity to enhance both residential comfort and commercial viability in this sought-after locale.

Investment Analysis

(AL1 area)

Below Market Value

This property is priced -36.5% below area average per sq ft

-36.5%
Potential saving
This Property
£395/sq ft
Area Average
£623/sq ft
Avg Rent (weekly)
£397
Avg Yield
3.9%

Renovation Potential

Est. Renovation Cost
£70,000 - £175,000
10-25% of property value
Target Value
£1,212,105
10% above area average per sq ft
Potential ROI
+38.5%
After renovation
Monthly Sales
17
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (AL1)

Area prices are falling by +3.2% over the last 12 months
3 year growth: -2.5%
5 year growth: 13.7%
Investment Disclaimer: Analysis based on AL1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

London Road, St Albans, AL1
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