3, MILE HOUSE LANE, ST ALBANS, AL1 1TH - £1,325,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 MILE HOUSE LANE is a very large extended detached house of 229m², built sometime between 1930 and 1949. It was last sold for £1,325,000 in October 2019, which was around 37% above the average October 2019 detached price in the St Albans local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was C.

3 MILE HOUSE LANE Sold Prices

Land registry data shows two sales for 3 MILE HOUSE 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 3 MILE HOUSE 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
2019 17 OCT	£1,325,000	£967,282	37% above HPI
2002 8 NOV	£465,000	£457,336	2% above HPI

3 MILE HOUSE 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 3 MILE HOUSE LANE 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 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the October 2019 sale, where it rises to 37% above the HPI. The line then continues to track at 37% above the HPI.

How Large is 3 MILE HOUSE LANE?

3 MILE HOUSE LANE is 229m², which includes three extensions, according to the EPC inspection conducted in September 2018. This puts it in the largest 20% 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 3 MILE HOUSE LANE lies on this distribution: 88% of detached houses are smaller than 3 MILE HOUSE LANE, and 11% of houses are larger. Note that EPC data is not available for all properties in St Albans.

3 MILE HOUSE LANE: Plot and Title Map

3 MILE HOUSE LANE sits on a plot of roughly 0.260 of an acre, or 1,053m². The below map shows the location of 3 MILE HOUSE 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 3 MILE HOUSE 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 3 MILE HOUSE LANE?

3 MILE HOUSE LANE is located in ST. ALBANS, in the AL1 postcode district. The below map shows the position of No. 3 on MILE HOUSE LANE.