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Prae Close, St Albans, AL3

East of England

£800,000
Listed on 29/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1104 sqft

Description

Nestled in a serene environment that features a shared green space, this three-bedroom property presents an exciting opportunity for renovation or investment. Its strategic location offers the best of both worlds: a tranquil residential area with convenient access to key amenities and transport links, making it an attractive prospect for families and professionals alike. The inclusion of permit parking and an en-bloc garage adds to the practicality of this home. Upon entering, you are greeted by a spacious open-plan layout that encompasses the kitchen, dining, and living areas, which lends itself well to both entertaining guests and day-to-day family life. A ground-floor cloakroom enhances functionality. Upstairs, you’ll find three well-proportioned bedrooms, each offering fitted wardrobes or built-in storage solutions. The modern shower room is another notable feature that complements the home’s livability. Importantly, the loft space is ripe for conversion, providing potential buyers with the option to expand vertically and customize the living space further (subject to planning permission). This kind of enhancement could significantly increase the property's value while meeting personal needs. The surrounding location is particularly advantageous. Just a short walk from Verulamium Park and its scenic lakes, residents can easily enjoy outdoor activities and recreational opportunities. The vicinity boasts access to several reputable schools — St Michael’s CofE Primary School is approximately 0.6 miles away; St Albans Girls’ School about 1.2 miles; and Verulam School around 2.1 miles — making it ideal for families prioritizing education options. Moreover, St Albans city center is within a 15-minute walk and St Albans City Station is conveniently located just 1.3 miles away, facilitating quick rail connections to London St Pancras in under 25 minutes. In summary, this property stands out as a unique opportunity not only for immediate occupancy but also for long-term investment potential within one of St Albans' most desirable neighborhoods.

Investment Analysis

(AL3 area)

Above Market Value

This property is priced +25.0% above area average per sq ft

+25.0%
This Property
£725/sq ft
Area Average
£580/sq ft
Avg Rent (weekly)
£383
Avg Yield
3.2%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£704,109
10% above area average per sq ft
Potential ROI
-14.1%
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
24%
Properties sold annually

Local Market Trend (AL3)

Area prices are rising by +6.9% over the last 12 months
3 year growth: 5.3%
5 year growth: 16.0%
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

Prae Close, 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
£2,931
Based on a loan of £600,000 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