We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom bungalow · AL3 4BQ
For saleReduced £25k (−2.8%) on 17 OctListed 49 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This mid-century bungalow on Midway offers exceptional potential.
Vacant and ready for its next chapter, the property presents an exciting opportunity for renovation and extension, or complete redevelopment into a substantial family home – a transformation many neighbouring properties on this street have already undertaken.
The accommodation currently comprises a dual-aspect sitting room with French doors opening onto the garden.
The kitchen is generously sized, and requires full renovation, providing excellent scope for reconfiguration and modernisation.
There are three double bedrooms, one of which benefits from built-in storage, served by a family bathroom with a separate WC adjacent.
Planning permission granted for the demolition of the existing dwelling and the construction of two semi-detached homes of approximately 1,800 sq ft each.
Attractive opportunity to create a pair of contemporary family homes in a sought-after residential setting. Further information relating to the planning consent is available upon request.
To the front of the property is a substantial block-paved driveway providing ample off-street parking.
Double timber gates lead through to the rear garden, which is fully enclosed and of a particularly generous size. A single garage and shed provide storage.
Beyond the garden, mature trees create an attractive leafy backdrop and a sense of privacy.
While requiring landscaping and maintenance, the outdoor space offers tremendous potential to create a superb family garden.
The property is situated on Midway, a well-established residential road in the popular St Stephens area of St Albans.
Favoured by families and commuters alike, the location offers a peaceful neighbourhood setting whilst remaining exceptionally well connected, with convenient access to the A414, M1, M25 and A1(M).
A range of local amenities are available nearby, while St Albans city centre offers an extensive selection of shopping, leisure facilities, restaurants and cafés, together with highly regarded state and independent schools.
The open spaces of Verulamium Park, the historic Abbey precinct and the surrounding countryside are all within easy reach.
The property is well placed for rail commuters, with St Albans Abbey station approximately 1 mile away, providing services to Watford Junction and connections to London Euston and the wider rail network.
St Albans City station is approximately 2 miles distant and offers fast and frequent Thameslink services to St Pancras International, Farringdon, City Thameslink, London Bridge, Gatwick Airport and beyond, with journey times to London St Pancras from around 20 minutes.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
.png)
FAQ
About 46, Midway, Hertfordshire
Explore nearby