2, MILE HOUSE CLOSE, ST ALBANS, AL1 1TD - £480,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 MILE HOUSE CLOSE is a very small semi-detached house of 61m², built sometime between 1950 and 1966. It was last sold for £480,000 in November 2022, which was around 58% below the average November 2022 detached price in the St Albans local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

2 MILE HOUSE CLOSE Sold Prices

Land registry data shows three sales for 2 MILE HOUSE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the St Albans local authority area for the corresponding sale date. All of the three 2 MILE HOUSE 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
2022 7 NOV	£480,000	£1,145,851	58% below HPI
2015 30 APR	£327,500	£819,109	60% below HPI
1998 16 SEP	£129,000	£254,971	49% below HPI

2 MILE HOUSE 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 three 2 MILE HOUSE CLOSE sales between September 1998 and November 2022 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 April 2015 sale was for 60% below the HPI. So the extrapolation line tracks at 60% below the HPI over time, until the November 2022 sale, where it rises to 58% below the HPI. The line then continues to track at 58% below the HPI.

How Large is 2 MILE HOUSE CLOSE?

2 MILE HOUSE CLOSE is 61m² according to the EPC inspection conducted in January 2014. 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 2 MILE HOUSE CLOSE lies on this distribution: Less than 1% of detached houses are smaller than 2 MILE HOUSE CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in St Albans.

2 MILE HOUSE CLOSE: Plot and Title Map

2 MILE HOUSE CLOSE sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 2 MILE HOUSE 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 MILE HOUSE 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 MILE HOUSE CLOSE?

2 MILE HOUSE CLOSE is located in ST. ALBANS, in the AL1 postcode district. The below map shows the position of No. 2 on MILE HOUSE CLOSE.