24, PROSPECT LANE, HARPENDEN, AL5 2PL - £1,950,000

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 PROSPECT LANE is a very large detached house of 481m², built sometime between 2003 and 2006, which could now be worth an estimated £2,332,390. It was last sold for £1,950,000 in August 2017, which was around 88% above the average August 2017 detached price in the St Albans local authority area. The most recent EPC inspection was March 2015, where the current energy rating was C, and the potential energy rating was C.

24 PROSPECT LANE Sold Prices

Land registry data shows two sales for 24 PROSPECT LANE 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 24 PROSPECT LANE 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
2017 18 AUG	£1,950,000	£1,034,740	88% above HPI
2004 1 DEC	£800,000	£526,758	52% above HPI

24 PROSPECT LANE 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 24 PROSPECT LANE sales from December 2004 and August 2017 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 December 2004 sale was for 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the August 2017 sale, where it rises to 88% above the HPI. The line then continues to track at 88% above the HPI.

What might 24 PROSPECT LANE be worth now?

24 PROSPECT LANE might now be worth an estimated £2,332,390.

This is based on house price inflation of 19.6%, between August 2017 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 19.6% inflationary increase is applied to the most recent sale price for 24 PROSPECT LANE of £1,950,000 on 18th August 2017. For the value to have increased from £1,950,000 to £2,332,390 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of 24 PROSPECT LANE has moved in line with the HPI for detached houses in the St Albans local authority area.
• The August 2017 sale price of £1,950,000 represented a fair market value for the property.
• The size, condition, and specification of 24 PROSPECT LANE has not materially changed since August 2017.

How Large is 24 PROSPECT LANE?

24 PROSPECT LANE is 481m² according to the EPC inspection conducted in March 2015. This puts it in the largest 10% of detached houses houses in Harpenden, based on EPC data. The below chart shows the distribution of detached houses houses by size in Harpenden, and where 24 PROSPECT LANE lies on this distribution: 97% of detached houses houses are smaller than 24 PROSPECT LANE, and 3% of houses are larger. Note that EPC data is not available for all properties in Harpenden.

24 PROSPECT LANE: Plot and Title Map

24 PROSPECT LANE sits on a plot of roughly 0.271 of an acre, or 1,095m². The below map shows the location of 24 PROSPECT LANE, 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 PROSPECT LANE). 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 PROSPECT LANE?

24 PROSPECT LANE is located in HARPENDEN, in the AL5 postcode district. The below map shows the position of No. 24 on PROSPECT LANE.