1-bedroom flat · AL2 3FL
Sold STCListed 270 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** 35% shared ownership *** Conveniently positioned on the Barnes Wallis Way development in Bricket Wood, St. Albans, this delightful first floor one bedroom flat offers modern and stylish living.
Built in 2019 by the renowned Crest Nicholson, this first-floor apartment has a contemporary design with one bedroom, ideal for a first time buyer looking to get their feet onto the property ladder.
As you step inside, you are greeted by a open entrance hallway, the lounge/dining room overlooks the well maintained communal gardens. The modern kitchen offers multiple built in white goods.
The three-piece bathroom adds a touch of luxury to this lovely abode. With one allocated parking space, parking doesn't become an issue.
The access to communal gardens offers a serene escape from the hustle and bustle of everyday life, allowing you to enjoy the outdoors without leaving home.
Conveniently located, the good road links make commuting a breeze, ensuring you can easily reach your destination without any hassle.
With 35% shared ownership and 119 years remaining on the lease, this flat presents a fantastic opportunity to own a piece of this sought-after development.
Being a "No Chain" property adds to the desirability, don't miss out on the chance to make this wonderful property your new home.
Please note - The option to purchase 100% of the property is available at £285,000 and staircasing fees may apply, all applicants will be obligated to satisfy the housing associations criteria.
Please ask your agent for further details. Lounge/Dining (4.11mx4.01m (13'6x13'2)) Kitchen (2.74mx2.11m (9'0x6'11)) Bedroom One (4.01mx3.35m (13'2x11'0))
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 7 Waddington House, Barnes Wallis Way, St. Albans
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