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Ridgmont Road, St. Albans

East of England

£925,000
Listed on 13/09/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1148 sqft

Description

This detached three-bedroom home, conveniently located opposite St Albans City Station and just 0.6 miles from the bustling city centre, represents a unique opportunity for renovation or investment. Situated on the sought-after Ridgmont Road, this property offers significant potential to transform it into a customized family dwelling. The residence requires comprehensive refurbishment but features a flexible layout conducive to modern living. It includes three spacious reception rooms, a kitchen, and three well-sized bedrooms, along with a family bathroom. The adaptable configuration allows for various reimagining possibilities, making it suitable for both personal residence and development endeavors. Outside, you’ll find a private driveway leading to a garage, providing off-street parking as well as additional options for improvement or expansion (subject to planning approval). The rear garden offers a secluded outdoor space that further enhances the property's appeal and potential for future enhancement. With its prime location near transport links and local amenities, this property not only stands out in terms of living space but also serves as an excellent canvas for investors or homeowners looking to create their ideal living environment in a desirable area of St Albans.

Investment Analysis

(AL1 area)

Above Market Value

This property is priced +30.3% above area average per sq ft

+30.3%
This Property
£806/sq ft
Area Average
£619/sq ft
Avg Rent (weekly)
£373
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£781,105
10% above area average per sq ft
Potential ROI
-25.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (AL1)

Area prices are falling by +2.4% over the last 12 months
3 year growth: -0.6%
5 year growth: 17.9%
Investment Disclaimer: Analysis based on AL1 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

Ridgmont Road, St. Albans
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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
£3,389
Based on a loan of £693,750 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