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Spencer Street, St. Albans

East of England

£500,000
Listed on 03/11/2025

Property Details

Bedrooms
2
Type
Semi-detached house

Description

This end-terrace house in St. Albans presents a compelling opportunity for those looking to invest in a property with considerable renovation potential. Located on Spencer Street, the home benefits from its city center proximity, making it convenient for access to local shops, restaurants, and essential amenities. The ground floor features two spacious reception rooms, along with a kitchen that provides ample scope for updates and modifications. Upstairs, you will find two well-sized bedrooms complemented by a three-piece bathroom suite, catering to everyday living while offering room for modern enhancements. A notable aspect of this property is the brick-built outbuilding situated in the garden. This space lends itself to various possibilities: whether you consider transforming it into a functional home office, an art studio, or additional storage, it offers valuable flexibility to meet your needs. The property also showcases modern windows and doors that improve energy efficiency while contributing to its overall aesthetic appeal. With no chain involved, the purchasing process promises to be straightforward. In summary, this end-terrace house not only provides a comfortable living space but also invites creative renovation ideas in a highly desirable location with strong investment potential.

Investment Analysis

(AL3 area)
Area Average
£591/sq ft
Avg Rent (weekly)
£449
Avg Yield
3.6%

Renovation Potential

Light Refurb
Est. Renovation Cost
£8,000 - £12,000
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
15%
Properties sold annually

Local Market Trend (AL3)

Area prices are rising by +6.1% over the last 12 months
3 year growth: 3.6%
5 year growth: 14.4%
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

Spencer Street, St. Albans
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Mortgage Calculator

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£
£
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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.

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