3, SHORT LANE, BRICKET WOOD, ST ALBANS, AL2 3SE - £575,000

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 SHORT LANE is a very small detached house of 87m², built sometime between 1967 and 1975. It was last sold for £575,000 in February 2023, which was around 49% below the average February 2023 detached price in the St Albans local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was B.

3 SHORT LANE Sold Prices

Land registry data shows two sales for 3 SHORT 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 SHORT LANE 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
2023 10 FEB	£575,000	£1,132,913	49% below HPI
2022 5 MAY	£530,000	£1,099,823	52% below HPI

3 SHORT 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 SHORT LANE sales from May 2022 and February 2023 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 May 2022 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the February 2023 sale, where it rises to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 3 SHORT LANE?

3 SHORT LANE is 87m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 20% of detached houses in Bricket Wood, based on EPC data. The below chart shows the distribution of detached houses by size in Bricket Wood, and where 3 SHORT LANE lies on this distribution: 15% of detached houses are smaller than 3 SHORT LANE, and 84% of houses are larger. Note that EPC data is not available for all properties in Bricket Wood.

3 SHORT LANE: Plot and Title Map

3 SHORT LANE sits on a plot of roughly 0.170 of an acre, or 689m². The below map shows the location of 3 SHORT 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 SHORT 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 SHORT LANE?

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