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Albert Street, St Albans AL1 - Image 1
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Albert Street, St Albans AL1

East of England

£500,000

Listed on 08/07/2026

Property details

Bedrooms
4
Type
Land

Description

This property presents a unique opportunity for development in a prime location, complete with full planning permission (St Albans planning ref: 5/2025/2331) for the construction of a contemporary four-bedroom home spread across three levels. Currently occupied by commercial premises, this site is set in an attractive conservation area, providing a rare chance to design and build a bespoke family residence tailored to personal specifications, pending necessary approvals. The proposed layout emphasizes spacious living with four double bedrooms, allowing potential buyers the flexibility to influence design choices. The allure of crafting a new home within a character-rich setting makes this property particularly appealing. The convenient location ensures easy access to local amenities, including shops and leisure facilities, as well as excellent transport links to London via St Albans City station. Additionally, there is an option to rent parking within the nearby Albert Street residents car park. This development opportunity warrants early viewing and serious consideration.

Investment analysis

(AL1 area)
Area Average
£619/sq ft
Avg Rent (weekly)
£394
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £350,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (AL1)

Area prices are falling by -2.7% over the last 12 months
3 year growth: -0.9%
5 year growth: +2.9%
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

Albert Street, St Albans AL1
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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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