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Mount Drive, Park Street, St. Albans

East of England

£625,000
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1056 sqft

Description

This three-bedroom detached bungalow is situated on a sizeable plot, offering ample opportunities for renovation and potential extension, subject to planning permissions. The property features three spacious double bedrooms, making it suitable for families or individuals desiring extra space. The large open-plan living and dining area enhances the home's livability and provides a welcoming environment for gatherings. The kitchen is equipped with attractive marble worktops and convenient rear access, while a sizable family bathroom adds to the practicality of the layout. Outdoor amenities include off-road parking for multiple vehicles and a private rear garden featuring dual side access and a charming summer house that could serve as a delightful retreat or workspace. Conveniently located just 0.3 miles from Park Street train station and within easy reach of both M25 and M1 motorways, this property balances comfort with accessibility, presenting an excellent investment opportunity for those willing to modernize or extend.

Investment Analysis

(AL2 area)

Above Market Value

This property is priced +14.4% above area average per sq ft

+14.4%
This Property
£592/sq ft
Area Average
£518/sq ft
Avg Rent (weekly)
£370
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£601,128
10% above area average per sq ft
Potential ROI
-9.6%
After renovation
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

Mount Drive, 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
£2,290
Based on a loan of £468,750 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