2, SOVEREIGN PARK, ST ALBANS, AL4 0FJ - £735,000

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 SOVEREIGN PARK is a small detached house of 114m², built sometime between 1996 and 2002, which could now be worth an estimated £856,596. It was last sold for £735,000 in October 2019, which was around 29% below the average October 2019 detached price in the St Albans local authority area. The most recent EPC inspection was June 2018, where the current energy rating was C, and the potential energy rating was B.

2 SOVEREIGN PARK Sold Prices

Land registry data shows two sales for 2 SOVEREIGN PARK 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 2 SOVEREIGN PARK 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 28 OCT	£735,000	£1,029,880	29% below HPI
2002 20 NOV	£349,995	£486,933	28% below HPI

2 SOVEREIGN PARK 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 SOVEREIGN PARK sales from November 2002 and October 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 November 2002 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the October 2019 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 2 SOVEREIGN PARK be worth now?

2 SOVEREIGN PARK might now be worth an estimated £856,596.

This is based on house price inflation of 16.5%, between October 2019 and March 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 16.5% inflationary increase is applied to the most recent sale price for 2 SOVEREIGN PARK of £735,000 on 28th October 2019. For the value to have increased from £735,000 to £856,596 over the six years and seven months to March 2025, the following assumptions must hold true:

• The value of 2 SOVEREIGN PARK has moved in line with the HPI for detached houses in the St Albans local authority area.
• The October 2019 sale price of £735,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SOVEREIGN PARK has not materially changed since October 2019.

How Large is 2 SOVEREIGN PARK?

2 SOVEREIGN PARK is 114m² according to the EPC inspection conducted in June 2018. This puts it in the smallest 30% 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 SOVEREIGN PARK lies on this distribution: 29% of detached houses houses are smaller than 2 SOVEREIGN PARK, and 70% of houses are larger. Note that EPC data is not available for all properties in St Albans.

2 SOVEREIGN PARK: Plot and Title Map

2 SOVEREIGN PARK sits on a plot of roughly 0.064 of an acre, or 261m². The below map shows the location of 2 SOVEREIGN PARK, 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 SOVEREIGN PARK). 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 SOVEREIGN PARK?

2 SOVEREIGN PARK is located in ST. ALBANS, in the AL4 postcode district. The below map shows the position of No. 2 on SOVEREIGN PARK.