2, MILLER CLOSE, REDBOURN, ST ALBANS, AL3 7BG - £500,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 MILLER CLOSE is a midsized terraced house of 140m², built sometime between 2003 and 2006, which could now be worth an estimated £922,393. It was last sold for £500,000 in December 2011, which was around 62% above the average December 2011 terraced price in the St Albans local authority area. The most recent EPC inspection was April 2011, where the current energy rating was C, and the potential energy rating was C.

2 MILLER CLOSE Sold Prices

Land registry data shows two sales for 2 MILLER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the St Albans local authority area for the corresponding sale date. Both of the two 2 MILLER CLOSE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2011 2 DEC	£500,000	£308,465	62% above HPI
2005 30 NOV	£457,000	£249,229	83% above HPI

2 MILLER CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the St Albans local authority area over time, sourced from the HPI. The two 2 MILLER CLOSE sales from November 2005 and December 2011 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the November 2005 sale was for 83% above the HPI. So the extrapolation line tracks at 83% above the HPI over time, until the December 2011 sale, where it falls to 62% above the HPI. The line then continues to track at 62% above the HPI.

What might 2 MILLER CLOSE be worth now?

2 MILLER CLOSE might now be worth an estimated £922,393.

This is based on house price inflation of 84.5%, between December 2011 and May 2026, for terraced houses, in the St Albans local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 84.5% inflationary increase is applied to the most recent sale price for 2 MILLER CLOSE of £500,000 on 2nd December 2011. For the value to have increased from £500,000 to £922,393 over the fifteen years and seven months to May 2026, the following assumptions must hold true:

• The value of 2 MILLER CLOSE has moved in line with the HPI for terraced houses in the St Albans local authority area.
• The December 2011 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MILLER CLOSE has not materially changed since December 2011.

How Large is 2 MILLER CLOSE?

2 MILLER CLOSE is 140m² according to the EPC inspection conducted in April 2011. This puts it in the largest 50% of terraced houses houses in Redbourn, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Redbourn, and where 2 MILLER CLOSE lies on this distribution: 53% of terraced houses houses are smaller than 2 MILLER CLOSE, and 45% of houses are larger. Note that EPC data is not available for all properties in Redbourn.

2 MILLER CLOSE: Plot and Title Map

2 MILLER CLOSE sits on a plot of roughly 0.047 of an acre, or 189m². The below map shows the location of 2 MILLER CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 MILLER CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 MILLER CLOSE?

2 MILLER CLOSE is located in REDBOURN, in the AL3 postcode district. The below map shows the position of No. 2 on MILLER CLOSE.