5, MAGNOLIA CLOSE, PARK STREET, ST ALBANS, AL2 2PP - £587,500

5 MAGNOLIA CLOSE is a midsized detached house of 127m², built sometime between 1991 and 1995. It was last sold for £587,500 in August 2018, which was around 40% below the average August 2018 detached price in the St Albans local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was C.

5 MAGNOLIA CLOSE Sold Prices

Land registry data shows three sales for 5 MAGNOLIA CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the St Albans local authority area for the corresponding sale date. All of the three 5 MAGNOLIA 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
2018 24 AUG	£587,500	£985,980	40% below HPI
2002 19 APR	£268,000	£405,987	34% below HPI
1999 21 JUL	£202,000	£276,584	27% below HPI

5 MAGNOLIA 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 three 5 MAGNOLIA CLOSE sales between July 1999 and August 2018 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 April 2002 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the August 2018 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 5 MAGNOLIA CLOSE?

5 MAGNOLIA CLOSE is 127m² according to the EPC inspection conducted in March 2012. This puts it in the largest 50% of detached houses in Park Street, based on EPC data. The below chart shows the distribution of detached houses by size in Park Street, and where 5 MAGNOLIA CLOSE lies on this distribution: 58% of detached houses are smaller than 5 MAGNOLIA CLOSE, and 42% of houses are larger. Note that EPC data is not available for all properties in Park Street.

5 MAGNOLIA CLOSE: Plot and Title Map

5 MAGNOLIA CLOSE sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 5 MAGNOLIA 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 5 MAGNOLIA 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 5 MAGNOLIA CLOSE?

5 MAGNOLIA CLOSE is located in PARK STREET, in the AL2 postcode district. The below map shows the position of No. 5 on MAGNOLIA CLOSE.