7, THE RISE, PARK STREET, ST ALBANS, AL2 2NT - £680,000

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

7 THE RISE is a large extended detached house of 159m², built sometime between 1950 and 1966. It was last sold for £680,000 in September 2017, which was around 32% below the average September 2017 detached price in the St Albans local authority area. The most recent EPC inspection was January 2016, where the current energy rating was E, and the potential energy rating was D.

7 THE RISE Sold Prices

Land registry data shows two sales for 7 THE RISE 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 7 THE RISE 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
2017 4 SEP	£680,000	£993,195	32% below HPI
1999 15 APR	£195,000	£263,200	26% below HPI

7 THE RISE 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 7 THE RISE sales from April 1999 and September 2017 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 1999 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the September 2017 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 7 THE RISE?

7 THE RISE is 159m², which includes one extension, according to the EPC inspection conducted in January 2016. This puts it in the largest 30% of detached houses in Park Street, based on EPC data. The below chart shows the distribution of detached houses by size in Park Street, and where 7 THE RISE lies on this distribution: 77% of detached houses are smaller than 7 THE RISE, and 22% of houses are larger. Note that EPC data is not available for all properties in Park Street.

7 THE RISE: Plot and Title Map

7 THE RISE sits on a plot of roughly 0.233 of an acre, or 943m². The below map shows the location of 7 THE RISE, 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 7 THE RISE). 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 7 THE RISE?

7 THE RISE is located in PARK STREET, in the AL2 postcode district. The below map shows the position of No. 7 on THE RISE.