48, PERHAM WAY, LONDON COLNEY, ST ALBANS, AL2 1LB - £532,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

48 PERHAM WAY is a small detached house of 112m², built sometime between 1991 and 1995. It was last sold for £532,500 in May 2016, which was around 43% below the average May 2016 detached price in the St Albans local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was C.

48 PERHAM WAY Sold Prices

Land registry data shows two sales for 48 PERHAM WAY 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 48 PERHAM WAY 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
2016 20 MAY	£532,500	£936,457	43% below HPI
1997 30 JUN	£138,000	£211,235	35% below HPI

48 PERHAM WAY 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 48 PERHAM WAY sales from June 1997 and May 2016 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 1997 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the May 2016 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 48 PERHAM WAY?

48 PERHAM WAY is 112m² according to the EPC inspection conducted in September 2015. This puts it in the smallest 40% of detached houses in London Colney, based on EPC data. The below chart shows the distribution of detached houses by size in London Colney, and where 48 PERHAM WAY lies on this distribution: 34% of detached houses are smaller than 48 PERHAM WAY, and 65% of houses are larger. Note that EPC data is not available for all properties in London Colney.

48 PERHAM WAY: Plot and Title Map

48 PERHAM WAY sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 48 PERHAM WAY, 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 48 PERHAM WAY). 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 48 PERHAM WAY?

48 PERHAM WAY is located in LONDON COLNEY, in the AL2 postcode district. The below map shows the position of No. 48 on PERHAM WAY.