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Rainbow Close, Redbourn, St. Albans

East of England

£299,950
Listed on 29/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
850 sqft

Description

This charming mid-terrace property offers a promising opportunity for renovation enthusiasts and investors alike. With two generously sized bedrooms and a welcoming reception area, there is ample scope for enhancement to suit personal tastes or increase market value. The south-facing garden serves as a standout feature, providing abundant sunlight ideal for outdoor entertaining or gardening projects. Additionally, the convenience of a driveway accommodating up to two vehicles is particularly advantageous in this popular location. Being chain-free ensures a streamlined buying process, making this home an attractive option for first-time buyers, small families, or those looking to expand their real estate portfolio. The interior layout includes an entrance hall that leads into a lounge with access to the rear garden through double-glazed doors, while the kitchen is fitted with essential appliances and has potential for modern updates. The upper level comprises two bedrooms with built-in wardrobes and a bathroom featuring standard fixtures. Overall, this property represents an excellent chance to invest time and resources into creating a tailored living space in a desirable area.

Investment Analysis

(AL3 area)

Below Market Value

This property is priced -39.1% below area average per sq ft

-39.1%
Potential saving
This Property
£353/sq ft
Area Average
£580/sq ft
Avg Rent (weekly)
£383
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£542,113
10% above area average per sq ft
Potential ROI
+59.5%
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

Rainbow Close, Redbourn, 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
£1,099
Based on a loan of £224,962 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