3, FARRINGFORD CLOSE, ST ALBANS, AL2 3HS - £640,000

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.

3 FARRINGFORD CLOSE is a small detached house of 111m², built sometime between 1950 and 1966, which could now be worth an estimated £754,711. It was last sold for £640,000 in February 2020, which was around 38% below the average February 2020 detached price in the St Albans local authority area. The most recent EPC inspection was November 2012, where the current energy rating was D, and the potential energy rating was C.

3 FARRINGFORD CLOSE Sold Prices

Land registry data shows two sales for 3 FARRINGFORD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the St Albans local authority area for the corresponding sale date. Both of the two 3 FARRINGFORD CLOSE sales were for below 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
2020 14 FEB	£640,000	£1,037,910	38% below HPI
2009 16 JAN	£405,000	£581,588	30% below HPI

3 FARRINGFORD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the St Albans local authority area over time, sourced from the HPI. The two 3 FARRINGFORD CLOSE sales from January 2009 and February 2020 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 January 2009 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the February 2020 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 3 FARRINGFORD CLOSE be worth now?

3 FARRINGFORD CLOSE might now be worth an estimated £754,711.

This is based on house price inflation of 17.9%, between February 2020 and May 2026, for detached 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 17.9% inflationary increase is applied to the most recent sale price for 3 FARRINGFORD CLOSE of £640,000 on 14th February 2020. For the value to have increased from £640,000 to £754,711 over the five years and nine months to May 2026, the following assumptions must hold true:

• The value of 3 FARRINGFORD CLOSE has moved in line with the HPI for detached houses in the St Albans local authority area.
• The February 2020 sale price of £640,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FARRINGFORD CLOSE has not materially changed since February 2020.

How Large is 3 FARRINGFORD CLOSE?

3 FARRINGFORD CLOSE is 111m² according to the EPC inspection conducted in November 2012. This puts it in the smallest 30% of detached houses houses in Chiswell Green, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chiswell Green, and where 3 FARRINGFORD CLOSE lies on this distribution: 26% of detached houses houses are smaller than 3 FARRINGFORD CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Chiswell Green.

3 FARRINGFORD CLOSE: Plot and Title Map

3 FARRINGFORD CLOSE sits on a plot of roughly 0.119 of an acre, or 481m². The below map shows the location of 3 FARRINGFORD 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 3 FARRINGFORD 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 3 FARRINGFORD CLOSE?

3 FARRINGFORD CLOSE is located in ST ALBANS, in the AL2 postcode district. The below map shows the position of No. 3 on FARRINGFORD CLOSE.