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Folly Lane, St. Albans, Hertfordshire, AL3

East of England

£550,000
Listed on 28/02/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
671 sqft

Description

This two-bedroom semi-detached house is located in a desirable conservation area, positioned directly across from Victoria Park and near local allotments. The property is a short walk from the city centre, striking a balance between traditional charm and modern convenience. The ground floor includes a comfortable lounge with an original fireplace, a separate dining area, a kitchen, and a bathroom. Upstairs features two spacious double bedrooms. Importantly, there is significant potential to expand the property by converting the loft or extending outwards, subject to necessary planning permissions. This allows for future enhancements while increasing the property's overall value. With no upward chain, this home provides easy access to St Albans' diverse range of shops, restaurants, and amenities alongside its scenic green spaces. It stands as an excellent opportunity for professionals, downsizers or those seeking a centrally located residence with ample scope for improvement.

Investment Analysis

(AL3 area)

Above Market Value

This property is priced +39.7% above area average per sq ft

+39.7%
This Property
£820/sq ft
Area Average
£587/sq ft
Avg Rent (weekly)
£378
Avg Yield
3.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£433,043
10% above area average per sq ft
Potential ROI
-26.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (AL3)

Area prices are rising by +7.5% over the last 12 months
3 year growth: +5.8%
5 year growth: +15.8%
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

Folly Lane, St. Albans, Hertfordshire, AL3
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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
£1,984
Based on a loan of £412,500 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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