1, REMUS CLOSE, ST ALBANS, AL1 2NR - £525,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 REMUS CLOSE is a very small extended detached house of 86m², built sometime between 2003 and 2006. It was last sold for £525,000 in October 2020, which was around 48% below the average October 2020 detached price in the St Albans local authority area. The most recent EPC inspection was December 2019, where the current energy rating was C, and the potential energy rating was B.

1 REMUS CLOSE Sold Prices

Land registry data shows four sales for 1 REMUS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the St Albans local authority area for the corresponding sale date. All of the four 1 REMUS 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
2020 6 OCT	£525,000	£1,008,243	48% below HPI
2015 24 JUN	£400,000	£827,579	52% below HPI
2005 17 AUG	£280,000	£498,276	44% below HPI
2004 13 AUG	£250,000	£495,449	50% below HPI

1 REMUS 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 four 1 REMUS CLOSE sales between August 2004 and October 2020 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 June 2015 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the October 2020 sale, where it rises to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is 1 REMUS CLOSE?

1 REMUS CLOSE is 86m², which includes one extension, according to the EPC inspection conducted in December 2019. This puts it in the smallest 10% of detached houses in St Albans, based on EPC data. The below chart shows the distribution of detached houses by size in St Albans, and where 1 REMUS CLOSE lies on this distribution: 8% of detached houses are smaller than 1 REMUS CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in St Albans.

1 REMUS CLOSE: Plot and Title Map

1 REMUS CLOSE sits on a plot of roughly 0.042 of an acre, or 171m². The below map shows the location of 1 REMUS 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 REMUS 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 REMUS CLOSE?

1 REMUS CLOSE is located in ST. ALBANS, in the AL1 postcode district. The below map shows the position of No. 1 on REMUS CLOSE.