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How Wood, Park Street, St. Albans

East of England

£500,000
Listed on 01/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This three-bedroom family home presents a unique opportunity for those looking to invest in a property with significant renovation potential. The inviting entrance hall sets the tone for the warmth and character found throughout the residence, which is designed to accommodate modern living while still offering room for personal touches and enhancements. The main living areas are bright and spacious, featuring generous windows that invite ample natural light. The kitchen/breakfast room serves as a functional and sociable space, perfect for everyday family life. With some modern updates, this area could become an even more dynamic hub of the home. On the upper level, you will find three well-sized bedrooms along with a bathroom and separate WC. Each room offers flexibility for reconfiguration or modernization, allowing you to create spaces that suit your lifestyle needs. The outdoor space enhances the property's appeal, featuring a well-maintained rear garden that provides ample room for entertaining or relaxing in the sun. There is also a detached garage located conveniently at the back of the garden, adding extra utility and potential for conversion or expansion. Situated in a serene residential neighborhood surrounded by greenery, this property benefits from proximity to local schools, shops, and excellent transport links. As such, it not only holds immediate charm but also offers considerable investment potential with options for expansion (subject to planning permissions). This is an ideal choice for buyers seeking a project that can transform a solid family home into something uniquely their own.

Investment Analysis

(AL2 area)
Area Average
£518/sq ft
Avg Rent (weekly)
£370
Avg Yield
3.1%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (AL2)

Area prices are rising by +3.6% over the last 12 months
3 year growth: 1.2%
5 year growth: 13.7%
Investment Disclaimer: Analysis based on AL2 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

How Wood, Park Street, 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
£1,832
Based on a loan of £375,000 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.

Next Steps

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