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According to the public record, 1 The Old Works, Black Cut, St. Albans is a modern leasehold apartment and with 514 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Black Cut, St. Albans, AL1 is located in the borough of St. Albans within the AL1 postal district.
1 The Old Works, Black Cut, St. Albans has 41 entries in the Land Registry database, most recently in July 2013 and a single entry in the EPC database dated January 2009.
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 1 The Old Works Black Cut St. Albans as £342,911 and the rental value as £1,310 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 1 The Old Works Black Cut St. Albans has increased by £2,175 (0.6%) and its rental value has increased by £80 per month (6.1%).
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 1 The Old Works, Black Cut, St. Albans is in very good condition we estimate a sale value of £360,057 and rental value of £1,375 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £318,907 and a rental value of £1,218 per month.
According to HM Land Registry, 1 The Old Works, Black Cut, St. Albans was last sold on 18 Jul 2013 for £255,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jul 2013, the market for similar properties has risen 41.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1 The Old Works, Black Cut, St. Albans within a radius of 154m over the last 2 years.
The most recent example is Flat 17, Tollhouse Point 220, London Road, St. Albans, AL1 1NU, a Leasehold flat which sold for £326,000 in Sep 2021.
Read more about house prices in AL1.
Our network of Estate Agents report 3 lets of properties similar to 1 The Old Works, Black Cut, St. Albans within a radius of 272m over the last 2 years.
Most recently Flat 1, 12, Old London Road, St. Albans, AL1 1QQ, a Leasehold flat let by Collinson Hall for an undisclosed amount in Mar 2024.
Black Cut, St. Albans, AL1 has a total of 4 addresses. According to our analysis of all the public data, 1 The Old Works, Black Cut, St. Albans is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £299k less expensive than the average property in AL1.
1 The Old Works, Black Cut, St. Albans has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 Jan 2009.
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 1 The Old Works, Black Cut, St. Albans is St Albans City station which is 500 m away.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1 The Old Works, Black Cut, St. Albans, the average age was 36.7 and the most common age was 32.
The graph below shows how this compares to This region and the rest of England & Wales
According to recent data from Ofcom, there is poor internet coverage in this area which may result in poor or no internet connectivity.
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 1 The Old Works, Black Cut, St. Albans, 53.7% of property is privately owned with a mortgage and 24.3% is privately owned outright.
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 1 The Old Works, Black Cut, St. Albans, 13.4% of residents are recorded as possessing school level qualifications and 71.0% as possessing degree level qualifications.
The graph below shows how this compares to Greater London 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 1 The Old Works, Black Cut, St. Albans, 0.0% of property was a second home.
Comparison figures for This region 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 1 The Old Works, Black Cut, St. Albans, there are an average of 1.1 cars per household.
See below for how this compares to This region and the rest of England & Wales.
