10, Lectern Lane, St Albans, Hertfordshire, AL1 2LZ See map
10 Lectern Lane is a 740-square-foot [1] flat with an estimated price today of £232,000.
Since the property was last sold in August 2004 for £139,000, its value has risen by £93,000 or 67%.
House Price Trends
Sold house prices and house price trends over time
Property Details
Flat features, location, and investment performance
10 Lectern Lane is a flat with a leasehold tenure. A 2017 survey recorded the property as having 740 square feet of floor space and an expected layout of 2 bedrooms and 1 reception room. The property was built in 1976-1982.
The property has been a good investment for its owners. Since its first recorded sale, the flat's price has risen 13% per year on average, and in the last year, it has fallen 2%.
10, Lectern Lane, St Albans, Hertfordshire AL1 2LZ
Sold House Prices
Timeline of sold house prices and cost per square foot
Since 10 Lectern Lane's first recorded sale in 1995, the flat's price has risen by £183,000 or 13% per year.
During the same period, the price of an average home on Lectern Lane increased by £263,000 or 16% per year, and the average UK home increased by 15% per year.
- Current valuation£232,000
Flat leasehold, £314 per square foot
+ 67% - Sold August 2004£139,000
Flat leasehold, £188 per square foot
+ 90% - Sold November 1999£73,000
Flat leasehold, £99 per square foot
+ 25% - Sold September 1997£58,500
Flat leasehold, £79 per square foot
+ 19% - Sold July 1995£49,000
Flat leasehold, £66 per square foot
House Price Comparison
Comparison of local and national house prices
House Prices in Lectern Lane start at £232,000 for the cheapest property on the street, rising to £489,000 for the most expensive.
10 Lectern Lane is worth 28% less than the £322,000 average property on Lectern Lane and 22% less 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 2017 survey
Valuation details
Property valuation details and commonly asked questions
- Is the 10 Lectern Lane valuation rising or falling?
- Can I afford to buy 10 Lectern Lane?
- How is the 10 Lectern Lane investment score calculated?
- How does the size of 10 Lectern Lane compare?
- How is the 10 Lectern Lane valuation estimated?
- Where are the figures sourced?
- What if the details are incorrect?
Is the 10 Lectern Lane valuation rising or falling?
The 10 Lectern Lane valuation estimate has fallen in the past year, decreasing by 2% or £3,995.
Can I afford to buy 10 Lectern Lane?
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 £69,600, then your annual income would need to be at least £36,089 to meet 10 Lectern Lane's current valuation of £232,000.
How is the 10 Lectern Lane 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 10 Lectern Lane compare?
The flat has 740 sq ft of internal floor area, which is 22% smaller than the 950-square-foot average UK home.
How is the 10 Lectern Lane 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 2017 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.