24, MILE HOUSE CLOSE, ST ALBANS, AL1 1TD - £700,000

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.

24 MILE HOUSE CLOSE is a small extended detached house of 112m², built sometime between 1950 and 1966, which could now be worth an estimated £844,516. It was last sold for £700,000 in November 2016, which was around 32% below the average November 2016 detached price in the St Albans local authority area. The most recent EPC inspection was September 2010, where the current energy rating was D, and the potential energy rating was D.

24 MILE HOUSE CLOSE Sold Prices

Land registry data shows five sales for 24 MILE HOUSE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the St Albans local authority area for the corresponding sale date. All of the five 24 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
2016 11 NOV	£700,000	£1,025,860	32% below HPI
2011 4 FEB	£575,000	£704,651	18% below HPI
2006 11 DEC	£500,000	£599,323	17% below HPI
2000 7 APR	£170,000	£348,822	51% below HPI
1997 15 APR	£122,000	£213,023	43% below HPI

24 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 five 24 MILE HOUSE CLOSE sales between April 1997 and November 2016 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 2011 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the November 2016 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 24 MILE HOUSE CLOSE be worth now?

24 MILE HOUSE CLOSE might now be worth an estimated £844,516.

This is based on house price inflation of 20.6%, between November 2016 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 20.6% inflationary increase is applied to the most recent sale price for 24 MILE HOUSE CLOSE of £700,000 on 11th November 2016. For the value to have increased from £700,000 to £844,516 over the nine years and nine months to February 2025, the following assumptions must hold true:

• The value of 24 MILE HOUSE CLOSE has moved in line with the HPI for detached houses in the St Albans local authority area.
• The November 2016 sale price of £700,000 represented a fair market value for the property.
• The size, condition, and specification of 24 MILE HOUSE CLOSE has not materially changed since November 2016.

How Large is 24 MILE HOUSE CLOSE?

24 MILE HOUSE CLOSE is 112m², which includes one extension, according to the EPC inspection conducted in September 2010. 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 24 MILE HOUSE CLOSE lies on this distribution: 27% of detached houses houses are smaller than 24 MILE HOUSE CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in St Albans.

24 MILE HOUSE CLOSE: Plot and Title Map

24 MILE HOUSE CLOSE sits on a plot of roughly 0.108 of an acre, or 436m². The below map shows the location of 24 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 24 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 24 MILE HOUSE CLOSE?

24 MILE HOUSE CLOSE is located in ST. ALBANS, in the AL1 postcode district. The below map shows the position of No. 24 on MILE HOUSE CLOSE.