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As updated by Collinson Hall in September 2024, 2 The Old Works, Black Cut, St. Albans is a modern leasehold apartment with 700 ft2 of internal area comprising 2 bedrooms .
The property also benefits from a share of the freehold.
Black Cut, St. Albans, AL1 is located in the borough of St. Albans within the AL1 postal district.
Based on both the data supplied by Collinson Hall and the public information available in the area, we estimate the current sale value for 2 The Old Works Black Cut St. Albans as £342,372 and the rental value as £1,551 per month giving an expected gross yield of 5.4%.
The property was described as in good decorative condition by Collinson Hall in September 2024.
Over the last 12 months the sale value of 2 The Old Works Black Cut St. Albans has increased by an estimated £17,206 (5.0%) and its rental value has increased by an estimated £81 per month (5.2%).
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 2 The Old Works, Black Cut, St. Albans is in very good condition we estimate a sale value of £359,490 and a rental value of £1,629 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £318,406 and a rental value of £1,443 per month.
•Public data including the Land Registry and EPC Register is processed and republished under the Government Open Data Licence.
•All values are estimates based on available data. All data and other content are provided subject to our Terms & Conditions.
If you were able to purchase this property for the estimated value of £342,372, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,683 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, 2 The Old Works, Black Cut, St. Albans was last sold on 16th January 2015 for £290,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since January 2015, the market for similar properties has risen 21.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 The Old Works, Black Cut, St. Albans within a radius of 370 metres over the last 2 years.
The most recent example is Flat 53, Ziggurat House 25, Grosvenor Road, St. Albans, AL1 3UE, a leasehold flat under offer by Collinson Hall on the 24th November 2023.
Read more about house prices in AL1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 3 lets within a 370 metres radius of 2 The Old Works, Black Cut, St. Albans over the last 2 years.
Most recently Flat 5, 40, Grosvenor Road, St. Albans, AL1 3AE, a leasehold flat let by Collinson Hall in May 2024.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Black Cut, St. Albans, AL1 has a total of 4 addresses. According to our analysis of all the public data, 2 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 £327k less expensive than the average property in AL1.
2 The Old Works, Black Cut, St. Albans has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Apr 2021.
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 2 The Old Works, Black Cut, St. Albans is St Albans City station which is 500 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
According to recent data from Ofcom, superfast broadband is available in this area.
The recent census recorded whether a resident owned or rented their home.
In the area around 2 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 2 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 most recent census in 2021 recorded the age of all UK residents.
In the area around 2 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 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 2 The Old Works, Black Cut, St. Albans, 0.0% 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 2 The Old Works, Black Cut, St. Albans, there are an average of 1.1 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
