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Flat features and location
12 Market Place is a leasehold flat. If the property has typical features for the street, its size would be expected to be between 200 and 240 sq ft, based on the £419 to £488 average cost per sq ft for flats on Market Place.
12, Market Place, St Albans, Hertfordshire AL3 5DG
Timeline of sold property prices
Since 12 Market Place's first recorded sale in 1997, the flat's price has risen by £73,000 or 11% per year.
During the same period, the price of an average home on Market Place increased by £352,000 or 14% per year, and the average UK home increased by 13% per year.
- Current valuation£98,000
Flat leasehold+ 292%
- Sold December 1997£25,000
Comparison of local and national property prices
House Prices in Market Place start at £98,000 for the cheapest property on the street, rising to £1,200,000 for the most expensive.
12 Market Place is worth 78% less than the £453,000 average property on Market Place and 67% less than the £300,000 average home in England.
Recently sold nearbyView all
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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