3, REEDHAM CLOSE, BRICKET WOOD, ST ALBANS, AL2 3QT - £526,250

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 REEDHAM CLOSE is a very large extended detached house of 220m², built sometime between 1950 and 1966, which could now be worth an estimated £686,595. It was last sold for £526,250 in October 2015, which was around 45% below the average October 2015 detached price in the St Albans local authority area. The most recent EPC inspection was September 2016, where the current energy rating was E, and the potential energy rating was C.

3 REEDHAM CLOSE Sold Prices

Land registry data shows three sales for 3 REEDHAM CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the St Albans local authority area for the corresponding sale date. All of the three 3 REEDHAM 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
2015 23 OCT	£526,250	£953,887	45% below HPI
2015 29 JAN	£485,000	£879,305	45% below HPI
2007 29 JUN	£440,000	£641,894	31% below HPI

3 REEDHAM 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 three 3 REEDHAM CLOSE sales between June 2007 and October 2015 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 January 2015 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the October 2015 sale, which was also at 45% below the HPI.

What might 3 REEDHAM CLOSE be worth now?

3 REEDHAM CLOSE might now be worth an estimated £686,595.

This is based on house price inflation of 30.5%, between October 2015 and December 2024, 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 30.5% inflationary increase is applied to the most recent sale price for 3 REEDHAM CLOSE of £526,250 on 23rd October 2015. For the value to have increased from £526,250 to £686,595 over the eight years and ten months to December 2024, the following assumptions must hold true:

• The value of 3 REEDHAM CLOSE has moved in line with the HPI for detached houses in the St Albans local authority area.
• The October 2015 sale price of £526,250 represented a fair market value for the property.
• The size, condition, and specification of 3 REEDHAM CLOSE has not materially changed since October 2015.

How Large is 3 REEDHAM CLOSE?

3 REEDHAM CLOSE is 220m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the largest 10% of detached houses houses in Bricket Wood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bricket Wood, and where 3 REEDHAM CLOSE lies on this distribution: 92% of detached houses houses are smaller than 3 REEDHAM CLOSE, and 8% of houses are larger. Note that EPC data is not available for all properties in Bricket Wood.

3 REEDHAM CLOSE: Plot and Title Map

3 REEDHAM CLOSE sits on a plot of roughly 0.121 of an acre, or 488m². The below map shows the location of 3 REEDHAM 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 3 REEDHAM 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 3 REEDHAM CLOSE?

3 REEDHAM CLOSE is located in BRICKET WOOD, in the AL2 postcode district. The below map shows the position of No. 3 on REEDHAM CLOSE.