3, THE MEADS, BRICKET WOOD, ST ALBANS, AL2 3QJ - £685,000

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 THE MEADS is a very small detached house of 87m², built sometime between 1950 and 1966. It was last sold for £685,000 in January 2022, which was around 37% below the average January 2022 detached price in the St Albans local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was C.

3 THE MEADS Sold Prices

Land registry data shows three sales for 3 THE MEADS 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 THE MEADS 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
2022 26 JAN	£685,000	£1,095,439	37% below HPI
2019 18 JUN	£595,000	£947,656	37% below HPI
2011 24 OCT	£380,000	£663,237	43% below HPI

3 THE MEADS 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 THE MEADS sales between October 2011 and January 2022 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 June 2019 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the January 2022 sale, which was also at 37% below the HPI.

How Large is 3 THE MEADS?

3 THE MEADS is 87m² according to the EPC inspection conducted in April 2019. 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 THE MEADS lies on this distribution: 15% of detached houses are smaller than 3 THE MEADS, and 84% of houses are larger. Note that EPC data is not available for all properties in Bricket Wood.

3 THE MEADS: Plot and Title Map

3 THE MEADS sits on a plot of roughly 0.156 of an acre, or 632m². The below map shows the location of 3 THE MEADS, 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 THE MEADS). 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 THE MEADS?

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