2, MAY CLOSE, ST ALBANS, AL3 5RG - £1,231,645

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 MAY CLOSE is a midsized detached house of 149m², built sometime between 1967 and 1975, which could now be worth an estimated £1,423,332. It was last sold for £1,231,645 in December 2020, which was around 15% above the average December 2020 detached price in the St Albans local authority area. The most recent EPC inspection was April 2014, where the current energy rating was C, and the potential energy rating was B.

2 MAY CLOSE Sold Prices

Land registry data shows two sales for 2 MAY 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. One of the two 2 MAY CLOSE sales was for above the average price, whilst the other was 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 4 DEC	£1,231,645	£1,070,970	15% above HPI
2009 6 FEB	£500,000	£576,106	13% below HPI

2 MAY 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 2 MAY CLOSE sales from February 2009 and December 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 February 2009 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the December 2020 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 2 MAY CLOSE be worth now?

2 MAY CLOSE might now be worth an estimated £1,423,332.

This is based on house price inflation of 15.6%, between December 2020 and February 2025, 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 15.6% inflationary increase is applied to the most recent sale price for 2 MAY CLOSE of £1,231,645 on 4th December 2020. For the value to have increased from £1,231,645 to £1,423,332 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 MAY CLOSE has moved in line with the HPI for detached houses in the St Albans local authority area.
• The December 2020 sale price of £1,231,645 represented a fair market value for the property.
• The size, condition, and specification of 2 MAY CLOSE has not materially changed since December 2020.

How Large is 2 MAY CLOSE?

2 MAY CLOSE is 149m² according to the EPC inspection conducted in April 2014. This puts it in the largest 50% of detached houses houses in St Albans, based on EPC data. The below chart shows the distribution of detached houses houses by size in St Albans, and where 2 MAY CLOSE lies on this distribution: 57% of detached houses houses are smaller than 2 MAY CLOSE, and 42% of houses are larger. Note that EPC data is not available for all properties in St Albans.

2 MAY CLOSE: Plot and Title Map

2 MAY CLOSE sits on a plot of roughly 0.143 of an acre, or 579m². The below map shows the location of 2 MAY 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 2 MAY 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 2 MAY CLOSE?

2 MAY CLOSE is located in ST. ALBANS, in the AL3 postcode district. The below map shows the position of No. 2 on MAY CLOSE.