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Gorham Drive, St. Albans, Hertfordshire, AL1

East of England

£550,000
Listed on 09/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1108 sqft

Description

This three-bedroom semi-detached home presents a promising opportunity for renovation and investment, allowing buyers to tailor the space to their personal preferences and modernize it according to current trends. With no upper chain, prospective homeowners can take immediate action on this property that offers significant potential for development and expansion, pending the necessary planning approvals. The layout features a welcoming entrance hall that leads into various areas of the home. The ground floor consists of a spacious living room that connects seamlessly to a conservatory, providing ample natural light and views of the garden. A well-sized dining area and a functional kitchen with direct garden access complete the main level, alongside a convenient guest cloakroom. The conservatory's double doors lead out to the backyard, creating an inviting space for outdoor living. Upstairs, you’ll find three generously sized bedrooms that are well-suited for comfortable living and can easily accommodate double beds along with additional furnishings. The family bathroom offers potential for modernization, providing an excellent opportunity to create a more contemporary and functional retreat. Outside, the property boasts driveway parking at the front, while the expansive rear garden presents an ideal canvas for landscaping or entertaining—further enhancing the property's appeal. Situated in a desirable residential area of St Albans, this home benefits from proximity to essential amenities such as shops, dining options, and recreational spaces like Verulamium Park. Known for its strong community feel and excellent local schools, St Albans also offers quick access to London via St Albans City Station—just under 30 minutes by train—which is attractive for commuters seeking proximity to the capital. Major road connections including the M1, M25, and A1(M) further enhance accessibility. Overall, this property not only provides a solid foundation but also invites creativity in transforming it into an ideal family home or investment opportunity in a thriving location.

Investment Analysis

(AL1 area)

Below Market Value

This property is priced -19.7% below area average per sq ft

-19.7%
Potential saving
This Property
£496/sq ft
Area Average
£619/sq ft
Avg Rent (weekly)
£373
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£753,889
10% above area average per sq ft
Potential ROI
+27.8%
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

Gorham Drive, St. Albans, Hertfordshire, AL1
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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
£2,015
Based on a loan of £412,500 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