1-bedroom flat · AL2 3FL
Listing removedReduced £7.5k (−5.9%) on 20 JunListed 266 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
50% Shared Ownership - We at Coopers are pleased to bring to the market this well-presented modern second-floor flat in a quiet popular development.
The bright and spacious reception room has an open-plan layout leading to a modern fitted kitchen, complete with integrated appliances and an induction hob the living room also benefits from a Juliette balcony overlooking the well-maintained communal rear garden.
The property has a large entrance hall leading to a double bedroom with fitted mirrored wardrobes, a generously sized bathroom and a useful storage/utility cupboard.
Waddington House is a modern development built to a very good standard, with high-spec glazing and gas central heating contributing to strong energy efficiency.
The property also includes an allocated parking space, communal gardens and a children’s play areas.
The location offers convenient access to the North Orbital Road, M1 and M25, while Bricket Wood railway station is within comfortable walking distance. Please contact us today to arrange a viewing!
Tenure: Leasehold (125 years from 01/10/2018). Service Charge: £162.93 per month (subject to annual review). Ground Rent: £100.00 for the year.
Council Tax: Band C, St Albans City & District Council.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Flat 12, 62, Barnes Wallis Way, St. Albans
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