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Wallingford Walk, St. Albans, Hertfordshire, AL1

East of England

£600,000
Listed on 03/11/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
1378 sqft

Description

This property presents a compelling opportunity for renovation and investment in the desirable St Julians area of St Albans. Currently configured as two maisonettes, it comes with full planning permission to convert these spaces into two mid-terraced homes. This transformation offers significant potential for value addition in a thriving market. The location is particularly advantageous, benefitting from excellent transport links that facilitate easy commuting, as well as proximity to well-regarded schools and the vibrant city centre, enhancing its appeal for families and renters alike. Being chain-free simplifies the acquisition process, making it an attractive proposition for both seasoned investors and those entering the property market. With approved plans (reference: 5/2023/0028 from St Albans City & District Council), the groundwork for this project has already been laid, allowing for a streamlined transition from concept to realization. The potential to enhance living spaces in a sought-after location cannot be overstated, making this property an exciting canvas for those looking to capitalize on the high demand in St Albans. This is an ideal opportunity to invest in a property that promises future growth and returns while contributing positively to the community through thoughtfully designed homes.

Investment Analysis

(AL1 area)

Below Market Value

This property is priced -29.9% below area average per sq ft

-29.9%
Potential saving
This Property
£435/sq ft
Area Average
£622/sq ft
Avg Rent (weekly)
£380
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£942,145
10% above area average per sq ft
Potential ROI
+10.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (AL1)

Area prices are stable by +1.1% over the last 12 months
3 year growth: 1.6%
5 year growth: 18.7%
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.

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Location

Wallingford Walk, St. Albans, Hertfordshire, AL1
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