THE FIRS, LUTON ROAD, MARKYATE, ST. ALBANS, AL3 8QE - £357,000

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

THE FIRS is a midsized extended detached house of 131m², built sometime between 1930 and 1949. It was last sold for £357,000 in October 2006, which was around 14% above the average October 2006 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was A.

THE FIRS Sold Prices

Land registry data shows two sales for THE FIRS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Central Bedfordshire local authority area for the corresponding sale date. One of the two THE FIRS sales was for above the average price, whilst the other was 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
2006 20 OCT	£357,000	£312,207	14% above HPI
2003 5 NOV	£180,000	£274,591	34% below HPI

THE FIRS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The two THE FIRS sales from November 2003 and October 2006 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 November 2003 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the October 2006 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is THE FIRS?

THE FIRS is 131m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 50% of detached houses in Aley Green, based on EPC data. The below chart shows the distribution of detached houses by size in Aley Green, and where THE FIRS lies on this distribution: 41% of detached houses are smaller than THE FIRS, and 56% of houses are larger. Note that EPC data is not available for all properties in Aley Green.

THE FIRS: Plot and Title Map

THE FIRS sits on a plot of roughly 0.141 of an acre, or 570m². The below map shows the location of THE FIRS, 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 THE FIRS). 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 THE FIRS?

THE FIRS is located on LUTON ROAD in MARKYATE, in the AL3 postcode district. The below map shows the position of THE FIRS on LUTON ROAD.