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Albert Street, St Albans

East of England

£500,000

Listed on 17/06/2026

Property Details

Bedrooms
4
Type
Plot

Description

This property presents an exceptional investment opportunity, featuring a prime development plot that comes with full planning permission for constructing a contemporary four-bedroom home across three levels. Nestled in a coveted street within the conservation area of St Albans, this site currently consists of commercial premises but has the potential to be transformed into a bespoke family residence tailored to modern living needs. With generous space planned for four spacious double bedrooms and ample living areas, prospective buyers can influence various elements of the interior design and layout, given the necessary approvals. This flexibility allows you to create a unique living environment in a highly sought-after locale. Additionally, there is an option to rent a parking space in the nearby Albert Street residents' car park, enhancing convenience. The location is ideally positioned just minutes from St Albans’ lively city centre and its array of shops and dining options while being within walking distance to the mainline train station for easy access into London. Local recreational amenities are also plentiful, with Verulamium Park and Westminster Lodge Leisure Centre just a short stroll away. This development offers not only an attractive framework for personal customization but also considerable appeal due to its character-rich surroundings and accessibility.

Investment Analysis

(AL1 area)
Area Average
£619/sq ft
Avg Rent (weekly)
£398
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (AL1)

Area prices are falling by -2.6% over the last 12 months
3 year growth: +0.9%
5 year growth: +6.0%
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

Albert Street, St Albans
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,889
Based on a loan of £375,000 over 30 years at 4.45% 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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