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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

48 PERHAM WAY is a small detached house of 112m², built sometime between 1991 and 1995, which could now be worth an estimated £660,991. It was last sold for £532,500 in May 2016, which was around 47% 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	£997,061	47% below HPI
1997 30 JUN	£138,000	£224,906	39% 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 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the May 2016 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

What might 48 PERHAM WAY be worth now?

48 PERHAM WAY might now be worth an estimated £660,991.

This is based on house price inflation of 24.1%, between May 2016 and February 2025, 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 24.1% inflationary increase is applied to the most recent sale price for 48 PERHAM WAY of £532,500 on 20th May 2016. For the value to have increased from £532,500 to £660,991 over the nine years and three months to February 2025, the following assumptions must hold true:

• The value of 48 PERHAM WAY has moved in line with the HPI for detached houses in the St Albans local authority area.
• The May 2016 sale price of £532,500 represented a fair market value for the property.
• The size, condition, and specification of 48 PERHAM WAY has not materially changed since May 2016.

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 houses in London Colney, based on EPC data. The below chart shows the distribution of detached houses houses by size in London Colney, and where 48 PERHAM WAY lies on this distribution: 34% of detached houses 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.