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Flat features, location, and investment performance
2 Vernon's Close is a leasehold flat.
The property was a good investment for its previous owner, who made a £15,000 profit between December 2014 and November 2015.
2, Vernon's Close, St Albans, Hertfordshire AL1 1PB
Timeline of sold property prices
Since 2 Vernon's Close's first recorded sale in 2010, the flat's price has risen by £119,000 or 5% per year.
During the same period, the price of an average home on Vernon's Close increased by £138,000 or 5% per year, and the average UK home increased by 5% per year.
- Current valuation£289,000
Flat leasehold+ 9%
- Sold November 2015£265,000
Flat leasehold+ 6%
- Sold December 2014£250,000
Flat leasehold+ 47%
- Sold July 2010£170,000
Comparison of local and national property prices
House Prices in Vernon's Close start at £233,000 for the cheapest property on the street, rising to £838,000 for the most expensive.
2 Vernon's Close is worth 17% less than the £350,000 average property on Vernon's Close and 4% less than the £300,000 average home in England.
Property valuation details and commonly asked questions
- How is the property valuation estimated?
- Where are the figures sourced?
- What should I do if the details are incorrect?
How is the property valuation estimated?
Every month, our Automated Valuation Model (AVM) determines property values.
Our AVM collects data from reputable sources, like HM Land Registry, and uses the data to estimate what each property is worth.
In our tests, we have found that the sale price of a property falls within our AVM's confidence range in most cases. However, there are scenarios where the valuations are not accurate. For example, if significant alterations have been made to a property recently or if a property is unique with few comparables.
For more details on the workings of our AVM, including its strengths, limitations, and how it measures up to traditional valuation methods, please refer to our guide 'How We Value Property'.
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 property prices, and data on property types/tenures, are sourced from the HM Land Registry.
There is a time delay in property sales appearing in HM Land Registry, which can be up to three months.
What should I do 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.
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