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Monks Close, St. Albans

East of England

£515,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1066 sqft

Description

This three-bedroom semi-detached home is situated in a quiet cul-de-sac on the desirable south side of St Albans, presenting a unique opportunity for renovation and investment. While the property requires comprehensive refurbishment, it offers a blank canvas for those looking to personalize their living space, as well as potential for extension subject to planning approval. The location is a significant advantage, being just one mile from St Albans mainline station, which provides swift connections to London St Pancras International. Additionally, residents will appreciate the proximity to the vibrant city center, where an array of shops, dining options, and leisure activities await. The property also enjoys direct access to expansive playing fields and a children's playground, along with the scenic Alban Way—an established walking and cycling path. Inside, the ground floor features a welcoming entrance hall leading into a light-filled lounge and a separate dining room that overlooks the garden. The kitchen provides direct access to the rear outdoor space. Upstairs, you will find three bedrooms alongside a family bathroom and a separate WC. Outdoors, the front garden is neatly maintained with hedging that offers some privacy, while the generous rear garden extends approximately 84 feet and backs onto peaceful playing fields and woodland. This mature garden presents ample opportunities for outdoor activities or further landscaping. Additional storage is available with three brick-built stores located at the back of the property and side access leading to the front. Overall, this home not only represents an exciting project for buyers wishing to invest in their ideal living environment but also boasts substantial potential for future value appreciation in a sought-after area.

Investment Analysis

(AL1 area)

Below Market Value

This property is priced -22.4% below area average per sq ft

-22.4%
Potential saving
This Property
£483/sq ft
Area Average
£623/sq ft
Avg Rent (weekly)
£397
Avg Yield
3.9%

Renovation Potential

Est. Renovation Cost
£51,500 - £128,750
10-25% of property value
Target Value
£730,002
10% above area average per sq ft
Potential ROI
+13.4%
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

Monks Close, St. Albans
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