1, HANCROSS CLOSE, BRICKET WOOD, ST ALBANS, AL2 3BX - £535,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 HANCROSS CLOSE is a very small detached house of 30m², built sometime between 2003 and 2006, which could now be worth an estimated £644,453. It was last sold for £535,000 in December 2019, which was around 48% below the average December 2019 detached price in the St Albans local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

1 HANCROSS CLOSE Sold Prices

Land registry data shows two sales for 1 HANCROSS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the St Albans local authority area for the corresponding sale date. Both of the two 1 HANCROSS CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 18 DEC	£535,000	£1,033,160	48% below HPI
2007 14 SEP	£321,000	£658,153	51% below HPI

1 HANCROSS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the St Albans local authority area over time, sourced from the HPI. The two 1 HANCROSS CLOSE sales from September 2007 and December 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the September 2007 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the December 2019 sale, where it rises to 48% below the HPI. The line then continues to track at 48% below the HPI.

What might 1 HANCROSS CLOSE be worth now?

1 HANCROSS CLOSE might now be worth an estimated £644,453.

This is based on house price inflation of 20.5%, between December 2019 and December 2024, for detached houses, in the St Albans local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.5% inflationary increase is applied to the most recent sale price for 1 HANCROSS CLOSE of £535,000 on 18th December 2019. For the value to have increased from £535,000 to £644,453 over the five years to December 2024, the following assumptions must hold true:

• The value of 1 HANCROSS CLOSE has moved in line with the HPI for detached houses in the St Albans local authority area.
• The December 2019 sale price of £535,000 represented a fair market value for the property.
• The size, condition, and specification of 1 HANCROSS CLOSE has not materially changed since December 2019.

How Large is 1 HANCROSS CLOSE?

1 HANCROSS CLOSE is 30m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 10% of detached houses houses in Bricket Wood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bricket Wood, and where 1 HANCROSS CLOSE lies on this distribution: Less than 1% of detached houses houses are smaller than 1 HANCROSS CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Bricket Wood.

1 HANCROSS CLOSE: Plot and Title Map

1 HANCROSS CLOSE sits on a plot of roughly 0.129 of an acre, or 522m². The below map shows the location of 1 HANCROSS CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 HANCROSS CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 HANCROSS CLOSE?

1 HANCROSS CLOSE is located in BRICKET WOOD, in the AL2 postcode district. The below map shows the position of No. 1 on HANCROSS CLOSE.