17, Vernon's Close, St Albans, Hertfordshire, AL1 1PB See map
17 Vernon's Close is a flat with an estimated price today of £241,000.
Since the property was last sold in May 2013 for £162,720, its value has risen by £78,280 or 48%.
House Price Trends
Sold house prices and house price trends over time
Flat features, location, and investment performance
17 Vernon's Close is a flat with a leasehold tenure.
The property has generated positive returns for its owners. Since its first recorded sale, the flat's price has risen 5% per year on average, and in the last year, it has fallen 2%.
17, Vernon's Close, St Albans, Hertfordshire AL1 1PB
Sold House Prices
Timeline of sold house prices
Since 17 Vernon's Close's first recorded sale in 2013, the flat's price has risen by £78,280 or 5% per year.
During the same period, the price of an average home on Vernon's Close increased by £133,000 or 6% per year, and the average UK home increased by 8% per year.
- Current valuation£241,000
Flat leasehold+ 48%
- Sold May 2013£162,720
House Price Comparison
Comparison of local and national house prices
House Prices in Vernon's Close start at £241,000 for the cheapest property on the street, rising to £837,000 for the most expensive.
17 Vernon's Close is worth 33% less than the £358,000 average property on Vernon's Close and 19% less than the £296,000 UK average home.
Compare Average Flat Prices in England and Wales
Property valuation details and commonly asked questions
- Is the 17 Vernon's Close valuation rising or falling?
- Can I afford to buy 17 Vernon's Close?
- How is the 17 Vernon's Close investment score calculated?
- How is the 17 Vernon's Close valuation estimated?
- Where are the figures sourced?
- What if the details are incorrect?
Is the 17 Vernon's Close valuation rising or falling?
The 17 Vernon's Close valuation estimate has fallen in the past year, decreasing by 2% or £4,201.
Can I afford to buy 17 Vernon's Close?
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 £72,300, then your annual income would need to be at least £37,489 to meet 17 Vernon's Close's current valuation of £241,000.
How is the 17 Vernon's Close 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 17 Vernon's Close compare?
The flat has 0 sq ft of internal floor area, which is 100% smaller than the 950-square-foot average UK home.
How is the 17 Vernon's Close 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.
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.