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Flat features, location, and investment performance
1 Gonnerston is a freehold flat, built in 1950-1966. A 2020 survey recorded the property as having 1,020 square feet of floor space.
The property was a reasonable investment for its previous owner, who made a £415,000 profit between June 2002 and May 2021.
1, Gonnerston, St Albans, Hertfordshire AL3 4SZ
Timeline of sold property prices and cost per square foot
Since 1 Gonnerston's first recorded sale in 1996, the flat's price has risen by £577,000 or 20% per year.
During the same period, the price of an average home on Gonnerston increased by £645,000 or 20% per year, and the average UK home increased by 15% per year.
- Current valuation£683,000
Flat freehold, £670 per square foot- 1%
- Sold May 2021£690,000
Flat freehold, £676 per square foot+ 151%
- Sold June 2002£275,000
Flat freehold, £270 per square foot+ 159%
- Sold March 1996£106,000
Flat freehold, £104 per square foot
Comparison of local and national property prices
House Prices in Gonnerston start at £640,000 for the cheapest property on the street, rising to £896,000 for the most expensive.
1 Gonnerston is worth 11% less than the £763,000 average property on Gonnerston and 128% more than the £300,000 average home in England.
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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?
What condition is the property in?
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.
Other property details, such as energy efficiency, are estimates from a 2020 property survey.
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.
If any other property details are incorrect or out-of-date, they will update automatically when next surveyed.
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