THE MILLSTONE, WATERSIDE, LONDON COLNEY, ST ALBANS, AL2 1RB - £470,000

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.

THE MILLSTONE is a very small detached house of 102m², built sometime between 1983 and 1990, which could now be worth an estimated £846,939. It was last sold for £470,000 in February 2012, which was around 32% below the average February 2012 detached price in the St Albans local authority area. The most recent EPC inspection was November 2011, where the current energy rating was D, and the potential energy rating was C.

THE MILLSTONE Sold Prices

Land registry data shows three sales for THE MILLSTONE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the St Albans local authority area for the corresponding sale date. All of the three THE MILLSTONE 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
2012 24 FEB	£470,000	£686,821	32% below HPI
2006 30 JUN	£410,000	£555,655	26% below HPI
2002 12 FEB	£250,000	£421,557	41% below HPI

THE MILLSTONE 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 three THE MILLSTONE sales between February 2002 and February 2012 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 2006 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the February 2012 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might THE MILLSTONE be worth now?

THE MILLSTONE might now be worth an estimated £846,939.

This is based on house price inflation of 80.2%, between February 2012 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 80.2% inflationary increase is applied to the most recent sale price for THE MILLSTONE of £470,000 on 24th February 2012. For the value to have increased from £470,000 to £846,939 over the thirteen years to February 2025, the following assumptions must hold true:

• The value of THE MILLSTONE has moved in line with the HPI for detached houses in the St Albans local authority area.
• The February 2012 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of THE MILLSTONE has not materially changed since February 2012.

How Large is THE MILLSTONE?

THE MILLSTONE is 102m² according to the EPC inspection conducted in November 2011. This puts it in the smallest 20% 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 THE MILLSTONE lies on this distribution: 20% of detached houses houses are smaller than THE MILLSTONE, and 80% of houses are larger. Note that EPC data is not available for all properties in London Colney.

THE MILLSTONE: Plot and Title Map

THE MILLSTONE sits on a plot of roughly 0.100 of an acre, or 405m². The below map shows the location of THE MILLSTONE, 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 MILLSTONE). 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 MILLSTONE?

THE MILLSTONE is located on WATERSIDE in LONDON COLNEY, in the AL2 postcode district. The below map shows the position of THE MILLSTONE on WATERSIDE.