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Cottonmill Lane, St. Albans, AL1 2ET

East of England

£595,000
Listed on 24/02/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
857 sqft

Description

This well-cared-for three-bedroom residence presents a remarkable opportunity for renovation and expansion, given its prime location and generous plot size. The home is situated in a tranquil, green environment while maintaining convenient access to the City Centre and mainline train stations, making it ideal for families or investors. Upon entry, you are greeted by a spacious hallway with built-in storage solutions. The living room, characterized by its dual aspect windows, is flooded with natural light, creating an inviting atmosphere. The kitchen at the back offers picturesque views of open fields and the River Ver, providing ample potential for reconfiguration or expansion into a more extensive kitchen-dining area—a fantastic prospect for those looking to modernize and enhance living spaces. Completing the ground level is a useful cloakroom. On the upper floor, there are three generously sized bedrooms alongside a contemporary family bathroom featuring a sleek three-piece suite. Outside, the property boasts off-street parking suitable for two vehicles and a substantial rear garden primarily laid to lawn with a sizable patio area—ideal for gatherings or future landscaping projects. The expansive plot not only allows for current enjoyment but also presents exciting possibilities for extension (subject to planning permission). Viewing this property is strongly encouraged to fully grasp both its existing charm and transformative potential.

Investment Analysis

(AL1 area)

Above Market Value

This property is priced +12.4% above area average per sq ft

+12.4%
This Property
£694/sq ft
Area Average
£618/sq ft
Avg Rent (weekly)
£386
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£582,212
10% above area average per sq ft
Potential ROI
-8.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (AL1)

Area prices are falling by -4.4% over the last 12 months
3 year growth: -2.7%
5 year growth: +9.2%
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.

Location

Cottonmill Lane, St. Albans, AL1 2ET
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,146
Based on a loan of £446,250 over 30 years at 4.06% 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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