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London Road, St Albans

East of England

£4,000,000
Listed on 15/04/2026

Property Details

Bedrooms
N/A
Type
Plot

Description

This property presents a unique investment opportunity, with approved plans to develop five luxurious detached homes in a modern architectural style totaling 17,370 sqft of saleable floor area. Currently, the site is occupied by two derelict structures, which means investors can capitalize on this project from the ground up. Each planned dwelling will feature private gardens and thoughtfully designed outdoor spaces, including a 250 sqft garden room for added versatility. Access will be enhanced by a private gated drive and ample off-street parking for residents and visitors alike. Located just southeast of the vibrant St Albans city centre, within easy walking distance to local amenities such as shops, restaurants, and the recently refurbished Odyssey Cinema, this development is set to attract discerning buyers seeking contemporary living in a prime location.

Investment Analysis

(AL1 area)
Area Average
£618/sq ft
Avg Rent (weekly)
£404
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£1,200,000 - £1,500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (AL1)

Area prices are falling by -6.0% over the last 12 months
3 year growth: -2.7%
5 year growth: +3.9%
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

London Road, St Albans
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£14,167
Based on a loan of £3,000,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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