According to the public record, 485, The Ridgeway, St. Albans is a mid-century leasehold apartment and with 914 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The Ridgeway, St. Albans, AL4 is located in the borough of St. Albans within the AL4 postal district.
485, The Ridgeway, St. Albans has 51 entries in the Land Registry database, most recently in July 2022 and a single entry in the EPC database dated October 2013.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 485 The Ridgeway St. Albans as £351,621 and the rental value as £1,662 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 485 The Ridgeway St. Albans has increased by £2,991 (0.9%) and its rental value has increased by £113 per month (6.8%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 485, The Ridgeway, St. Albans is in very good condition we estimate a sale value of £369,202 and rental value of £1,745 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £327,008 and a rental value of £1,545 per month.
If you were able to purchase this property for the estimated value of £351,621, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,728 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 485, The Ridgeway, St. Albans was last sold on 12 Jul 2022 for £420,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Jul 2022, the market for similar properties has dropped 3.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 485, The Ridgeway, St. Albans within a radius of 115m over the last 2 years.
The most recent example is 381, The Ridgeway, St. Albans, AL4 9TZ, a Leasehold flat which sold for £375,000 in Oct 2022.
Read more about house prices in AL4.
Our network of Estate Agents report 3 lets within a 579m radius of 485, The Ridgeway, St. Albans over the last 2 years.
Most recently 61, St. Johns Court, St. Albans, AL1 4TR, a Freehold house let by Collinson Hall for an undisclosed amount in Dec 2023.
The Ridgeway, St. Albans, AL4 has a total of 440 addresses. According to our analysis of all the public data, 485, The Ridgeway, St. Albans is the 282nd largest and the 298th most expensive property on the street.
When compared to the postcode district it is £292k less expensive than the average property in AL4.
485, The Ridgeway, St. Albans has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 10 Oct 2013.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 485, The Ridgeway, St. Albans is St Albans City station which is 2.1 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 485, The Ridgeway, St. Albans, 48.8% of property is privately rented and 22.1% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 485, The Ridgeway, St. Albans, 24.0% of residents are recorded as possessing school level qualifications and 44.8% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 485, The Ridgeway, St. Albans, the average age was 40.1 and the most common age was 12.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 485, The Ridgeway, St. Albans, 0.7% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 485, The Ridgeway, St. Albans, there are an average of 1.2 cars per household.
See below for how this compares to East of England and the rest of England & Wales.