3, The Old Works, Black Cut, St Albans, Hertfordshire, AL1 1PT See map
3 The Old Works Black Cut is a 970-square-foot [1] flat with an estimated price today of £463,000.
Since the property was last sold in February 2013 for £307,500, its value has risen by £155,500 or 51%.
House Price Trends
Sold house prices and house price trends over time
Property Details
Flat features, location, and investment performance
3 The Old Works Black Cut is a flat with a leasehold tenure. A 2009 survey recorded the property as having 970 square feet of floor space and an expected layout of 3 bedrooms and 1 reception room. The property was built before 1900.
The property has generated positive returns for its owners. Since its first recorded sale, the flat's price has risen 6% per year on average, and in the last year, it has fallen 2%.
3, The Old Works, Black Cut, St Albans, Hertfordshire AL1 1PT
Sold House Prices
Timeline of sold house prices and cost per square foot
Since 3 The Old Works Black Cut's first recorded sale in 2002, the flat's price has risen by £247,000 or 6% per year.
During the same period, the price of an average home on Black Cut increased by £193,000 or 5% per year, and the average UK home increased by 8% per year.
- Current valuation£463,000
Flat leasehold, £477 per square foot
+ 51% - Sold February 2013£307,500
Flat leasehold, £317 per square foot
+ 42% - Sold July 2002£216,000
Flat leasehold, £223 per square foot
House Price Comparison
Comparison of local and national house prices
House Prices in Black Cut start at £289,000 for the cheapest property on the street, rising to £463,000 for the most expensive.
3 The Old Works Black Cut is worth 24% more than the £373,000 average property on Black Cut and 56% more than the £296,000 UK average home.
Compare Average Flat Prices in England and Wales
Energy Efficiency
Energy usage and efficiency compared to the average flat in England and Wales. Figures from a 2009 survey
Valuation details
Property valuation details and commonly asked questions
- Is the 3 The Old Works Black Cut valuation rising or falling?
- Can I afford to buy 3 The Old Works Black Cut?
- How is the 3 The Old Works Black Cut investment score calculated?
- How does the size of 3 The Old Works Black Cut compare?
- How is the 3 The Old Works Black Cut valuation estimated?
- Where are the figures sourced?
- What if the details are incorrect?
Is the 3 The Old Works Black Cut valuation rising or falling?
The 3 The Old Works Black Cut valuation estimate has fallen in the past year, decreasing by 2% or £8,054.
Can I afford to buy 3 The Old Works Black Cut?
What property you can afford will depend on your financial situation and estimates of how much you can afford to borrow for a mortgage. Mortgage lenders use different rules to calculate how much you can borrow and what interest you will pay.
For example, if a mortgage lender allowed you to borrow 4.5x income and you could afford a 30% deposit of £138,900, then your annual income would need to be at least £72,022 to meet 3 The Old Works Black Cut's current valuation of £463,000.
How is the 3 The Old Works Black Cut investment score calculated?
The investment score measures historic short-term and long-term house price trends.
Properties with high long-term and short-term returns will have the highest scores. Equally, properties with negative returns will have a lower score.
Past performance, however, does not guarantee future returns, and price rises may have been due to extensions or other improvements to the property.
How does the size of 3 The Old Works Black Cut compare?
The flat has 970 sq ft of internal floor area, which is 2% larger than the 950-square-foot average UK home.
How is the 3 The Old Works Black Cut valuation estimated?
A house or flat valuation is estimated using sold prices and house price trends of similar properties in the area.
Each valuation uses our Repeat Sales House Price Index, which tracks price trends in large areas such as cities or towns. We use the index and local price trends (e.g. price increases in a street or postcode) to estimate property value.
The value estimates are most accurate when a property has sold recently and when there are similar properties nearby.
A valuation can, in some cases, be inaccurate. For example, if there have been significant changes to a property since it was last sold (e.g. an extension).
We try to make the valuations as accurate as possible, but they are estimates. When buying or selling property, you should speak to a qualified professional.
Where are the figures sourced?
Sold house prices and property types/tenures are from HM Land Registry.
There is a time delay in property sales appearing in HM Land Registry, which can be up to three months.
[1] Other property details, such as energy efficiency, are estimates from a 2009 property survey.
What if the details are incorrect?
We generate all our property valuations programmatically. They cannot be manually edited based on new information, such as evidence of redevelopment.
If sold property prices or property types are incorrect, you should verify them with HM Land Registry. You can notify HM Land Registry of any errors.
If any other property details are incorrect or out-of-date, they will update automatically when next surveyed.
You can verify property details related to energy efficiency.