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2, Wesley Place, Markyate, St Albans, Hertfordshire, AL3 8HY See map
2 Wesley Place is a 460 square foot flat with a valuation of £189,000.
Since the property was last sold in July 2018 for £190,000, its value has fallen by £1,000.
Valuation Trends
Sold property prices and home valuation trends over time
Learn about how we value property
Property Summary
Flat features, location, and investment performance
2 Wesley Place is a leasehold flat, built in 1900-1929. A 2018 survey recorded the property as having 460 square feet of floor space and space for 2 bedrooms.
The property was a reasonable investment for its previous owner, who made a £40,050 profit between May 2011 and July 2018.
Investment
2, Wesley Place, Markyate, St Albans, Hertfordshire AL3 8HY
Sold Prices
Timeline of sold property prices and cost per square foot
Since 2 Wesley Place's first recorded sale in 1997, the flat's price has risen by £164,000 or 25% per year.
During the same period, the price of an average home on Wesley Place increased by £160,000 or 17% per year, and the average UK home increased by 14% per year.
- Current valuation£189,000
Flat leasehold, £411 per square foot
- 1% - Sold July 2018£190,000
Flat leasehold, £413 per square foot
+ 27% - Sold May 2011£149,950
Flat leasehold, £326 per square foot
- 3% - Sold September 2008£155,000
Flat leasehold, £337 per square foot
+ 9% - Sold June 2006£142,500
Flat leasehold, £310 per square foot
+ 97% - Sold September 1999£72,500
Flat leasehold, £158 per square foot
+ 190% - Sold April 1997£25,000
Flat leasehold, £54 per square foot
Valuation Comparison
Comparison of local and national property prices
House Prices in Wesley Place start at £143,000 for the cheapest property on the street, rising to £256,000 for the most expensive.
2 Wesley Place is worth 3% less than the £196,000 average property on Wesley Place and 37% less than the £300,000 average home in England.
Recently sold nearby
View allEnergy Efficiency
Energy usage and efficiency compared to the average flat in England and Wales. Figures from a 2018 survey
PROPERTY
Average flat
EPC Rating
Energy efficiency
D
C
Energy consumption
kWh per year
14,000
12,000
CO₂ emissions
Tonnes per year
2.5
2.1
Learn about Energy Performance Certificates (EPCs)
Valuation details
Property valuation details and commonly asked questions
In this section
- 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 2018 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 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.
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