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Goldsmith Way, St. Albans AL3

East of England

£700,000
Listed on 22/01/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
861 sqft

Description

This three-bedroom semi-detached house presents a promising opportunity for renovation and investment, situated in a desirable development that offers convenient access to the city center, mainline station, and a variety of local amenities, as well as esteemed schools. The property features an entrance hall leading into a dual-aspect sitting/dining room that bathes in natural light. French doors open directly into the garden, enhancing the indoor-outdoor living experience. The kitchen/breakfast room is functional and could benefit from an update. Additionally, there is a versatile family room or potential fourth bedroom, originally part of an integral garage conversion. A laundry/cloak/shower room on the ground floor provides practical convenience. Upstairs, you will find three bedrooms along with a family bathroom and en-suite shower facilities connected to the master bedroom. Externally, the rear garden extends approximately 50 feet and benefits from a west-facing aspect that promises afternoon sun, creating an excellent space for outdoor activities or further landscaping potential. The front garden includes driveway parking, adding to the property’s functionality and appeal. This location not only provides immediate benefits such as accessibility to transport links and local services but also holds significant long-term investment potential due to its sought-after status within the area. With scope for extension subject to planning permission, this property invites buyers looking to add value through personalization or improvement. Additional details include freehold tenure with services connected to mains water, drainage, gas, and electricity. The current Energy Performance Certificate (EPC) rating is D, with council tax falling within Band E.

Investment Analysis

(AL3 area)

Above Market Value

This property is priced +37.6% above area average per sq ft

+37.6%
This Property
£813/sq ft
Area Average
£591/sq ft
Avg Rent (weekly)
£449
Avg Yield
3.6%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£559,452
10% above area average per sq ft
Potential ROI
-23.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (AL3)

Area prices are rising by +6.1% over the last 12 months
3 year growth: 3.6%
5 year growth: 14.4%
Investment Disclaimer: Analysis based on AL3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Goldsmith Way, St. Albans AL3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,564
Based on a loan of £525,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE