5, PARK LANE, COLNEY HEATH, ST ALBANS, AL4 0NR - £625,000

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

5 PARK LANE is a midsized detached house of 125m², built sometime from 2007 onwards. It was last sold for £625,000 in January 2016, which was around 30% below the average January 2016 detached price in the St Albans local authority area. The most recent EPC inspection was May 2015, where the current energy rating was C, and the potential energy rating was B.

5 PARK LANE Sold Prices

Land registry data shows two sales for 5 PARK 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 5 PARK 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
2016 8 JAN	£625,000	£899,215	30% below HPI
2007 17 JAN	£310,000	£570,142	46% below HPI

5 PARK 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 5 PARK LANE sales from January 2007 and January 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 January 2007 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the January 2016 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 5 PARK LANE?

5 PARK LANE is 125m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 50% of detached houses in Colney Heath, based on EPC data. The below chart shows the distribution of detached houses by size in Colney Heath, and where 5 PARK LANE lies on this distribution: 48% of detached houses are smaller than 5 PARK LANE, and 52% of houses are larger. Note that EPC data is not available for all properties in Colney Heath.

5 PARK LANE: Plot and Title Map

5 PARK LANE sits on a plot of roughly 0.101 of an acre, or 407m². The below map shows the location of 5 PARK 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 5 PARK 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 5 PARK LANE?

5 PARK LANE is located in COLNEY HEATH, in the AL4 postcode district. The below map shows the position of No. 5 on PARK LANE.