5, CRANBOURNE DRIVE, HARPENDEN, AL5 1RJ - £448,000

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.

5 CRANBOURNE DRIVE is a small detached house of 124m², built sometime between 1967 and 1975, which could now be worth an estimated £825,020. It was last sold for £448,000 in February 2008, which was around 33% below the average February 2008 detached price in the St Albans local authority area. The most recent EPC inspection was November 2013, where the current energy rating was E, and the potential energy rating was B.

5 CRANBOURNE DRIVE Sold Prices

Land registry data shows two sales for 5 CRANBOURNE DRIVE 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 5 CRANBOURNE DRIVE 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
2008 29 FEB	£448,000	£672,065	33% below HPI
2004 20 APR	£377,500	£502,378	25% below HPI

5 CRANBOURNE DRIVE 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 5 CRANBOURNE DRIVE sales from April 2004 and February 2008 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 April 2004 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the February 2008 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 5 CRANBOURNE DRIVE be worth now?

5 CRANBOURNE DRIVE might now be worth an estimated £825,020.

This is based on house price inflation of 84.2%, between February 2008 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 84.2% inflationary increase is applied to the most recent sale price for 5 CRANBOURNE DRIVE of £448,000 on 29th February 2008. For the value to have increased from £448,000 to £825,020 over the seventeen years to February 2025, the following assumptions must hold true:

• The value of 5 CRANBOURNE DRIVE has moved in line with the HPI for detached houses in the St Albans local authority area.
• The February 2008 sale price of £448,000 represented a fair market value for the property.
• The size, condition, and specification of 5 CRANBOURNE DRIVE has not materially changed since February 2008.

How Large is 5 CRANBOURNE DRIVE?

5 CRANBOURNE DRIVE is 124m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 30% of detached houses houses in Harpenden, based on EPC data. The below chart shows the distribution of detached houses houses by size in Harpenden, and where 5 CRANBOURNE DRIVE lies on this distribution: 22% of detached houses houses are smaller than 5 CRANBOURNE DRIVE, and 77% of houses are larger. Note that EPC data is not available for all properties in Harpenden.

5 CRANBOURNE DRIVE: Plot and Title Map

5 CRANBOURNE DRIVE sits on a plot of roughly 0.081 of an acre, or 326m². The below map shows the location of 5 CRANBOURNE DRIVE, 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 5 CRANBOURNE DRIVE). 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 5 CRANBOURNE DRIVE?

5 CRANBOURNE DRIVE is located in HARPENDEN, in the AL5 postcode district. The below map shows the position of No. 5 on CRANBOURNE DRIVE.