Worst House on the Street Logo
Monks Close, St. Albans AL1 - Image 1
Monks Close, St. Albans AL1 - Image 2
Monks Close, St. Albans AL1 - Image 3

Monks Close, St. Albans AL1

East of England

£515,000
Listed on 06/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1066 sqft

Description

This three-bedroom semi-detached home, located in a tranquil cul-de-sac on the desirable south side of St Albans, presents a noteworthy opportunity for those interested in renovation and investment. While the property requires comprehensive refurbishment, it offers significant potential for customization according to individual preferences. Furthermore, there is ample opportunity for extension, dependent on obtaining planning permission, making it particularly appealing to families and investors seeking to enhance value. The house is conveniently situated approximately one mile from St Albans mainline station, providing efficient transport links into London St Pancras International. Additionally, the vibrant city center is just a short distance away, featuring a diverse array of shops, dining options, and leisure facilities. Residents will appreciate the proximity to local parks and playing fields, as well as direct access to the Alban Way—an established walking and cycling route that encourages outdoor activities. Inside the property, the entrance hall opens into a spacious lounge and a separate dining room that overlooks the rear garden. The kitchen provides direct access to this outdoor space, which is an asset for those looking to create an inviting family area. Upstairs, there are three bedrooms complemented by a family bathroom and separate W.C., providing functional living arrangements. The exterior features a lawned front garden shielded by hedging for privacy. The rear garden extends approximately 84 feet and backs onto playing fields and woodland, offering a secluded environment ideal for family gatherings or recreational use. Additionally, three brick-built storage sheds provide practical utility with side access leading back to the front of the property. In summary, this home represents a unique chance to acquire a property in an attractive location with substantial renovation potential. With thoughtful updates and possible expansions, this residence could become a highly desirable family home or lucrative rental investment.

Investment Analysis

(AL1 area)

Below Market Value

This property is priced -22.4% below area average per sq ft

-22.4%
Potential saving
This Property
£483/sq ft
Area Average
£623/sq ft
Avg Rent (weekly)
£397
Avg Yield
3.9%

Renovation Potential

Est. Renovation Cost
£51,500 - £128,750
10-25% of property value
Target Value
£730,002
10% above area average per sq ft
Potential ROI
+13.4%
After renovation
Monthly Sales
17
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (AL1)

Area prices are falling by +3.2% over the last 12 months
3 year growth: -2.5%
5 year growth: 13.7%
Investment Disclaimer: Analysis based on AL1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Monks Close, St. Albans AL1
Map showing location of Monks Close, St. Albans AL1
Open Map