23, HOMEWOOD ROAD, ST ALBANS, AL1 4BG - £2,075,000

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.

23 HOMEWOOD ROAD is a very large extended detached house of 440m², built sometime from 2007 onwards, which could now be worth an estimated £2,474,322. It was last sold for £2,075,000 in February 2020, which was around 100% above the average February 2020 detached price in the St Albans local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was B.

23 HOMEWOOD ROAD Sold Prices

Land registry data shows two sales for 23 HOMEWOOD ROAD 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 23 HOMEWOOD ROAD sales were for above 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 28 FEB	£2,075,000	£1,037,910	100% above HPI
2007 29 JUN	£1,025,000	£641,894	60% above HPI

23 HOMEWOOD ROAD 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 23 HOMEWOOD ROAD sales from June 2007 and February 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 2007 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the February 2020 sale, where it rises to 100% above the HPI. The line then continues to track at 100% above the HPI.

What might 23 HOMEWOOD ROAD be worth now?

23 HOMEWOOD ROAD might now be worth an estimated £2,474,322.

This is based on house price inflation of 19.2%, between February 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 19.2% inflationary increase is applied to the most recent sale price for 23 HOMEWOOD ROAD of £2,075,000 on 28th February 2020. For the value to have increased from £2,075,000 to £2,474,322 over the five years to February 2025, the following assumptions must hold true:

• The value of 23 HOMEWOOD ROAD has moved in line with the HPI for detached houses in the St Albans local authority area.
• The February 2020 sale price of £2,075,000 represented a fair market value for the property.
• The size, condition, and specification of 23 HOMEWOOD ROAD has not materially changed since February 2020.

How Large is 23 HOMEWOOD ROAD?

23 HOMEWOOD ROAD is 440m², which includes one extension, according to the EPC inspection conducted in June 2017. This puts it in the largest 10% 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 23 HOMEWOOD ROAD lies on this distribution: 99% of detached houses houses are smaller than 23 HOMEWOOD ROAD, and 1% of houses are larger. Note that EPC data is not available for all properties in St Albans.

23 HOMEWOOD ROAD: Plot and Title Map

23 HOMEWOOD ROAD sits on a plot of roughly 0.244 of an acre, or 989m². The below map shows the location of 23 HOMEWOOD ROAD, 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 23 HOMEWOOD ROAD). 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 23 HOMEWOOD ROAD?

23 HOMEWOOD ROAD is located in ST. ALBANS, in the AL1 postcode district. The below map shows the position of No. 23 on HOMEWOOD ROAD.