THE MILLSTONE, WATERSIDE, LONDON COLNEY, ST ALBANS, AL2 1RB - £470,000

THE MILLSTONE is a very small detached house of 102m², built sometime between 1983 and 1990. It was last sold for £470,000 in February 2012, which was around 27% below the average February 2012 detached price in the St Albans local authority area. The most recent EPC inspection was November 2011, where the current energy rating was D, and the potential energy rating was C.

THE MILLSTONE Sold Prices

Land registry data shows three sales for THE MILLSTONE 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 THE MILLSTONE 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
2012 24 FEB	£470,000	£645,074	27% below HPI
2006 30 JUN	£410,000	£521,881	21% below HPI
2002 12 FEB	£250,000	£395,933	37% below HPI

THE MILLSTONE 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 THE MILLSTONE sales between February 2002 and February 2012 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 June 2006 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the February 2012 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is THE MILLSTONE?

THE MILLSTONE is 102m² according to the EPC inspection conducted in November 2011. This puts it in the smallest 20% of detached houses in London Colney, based on EPC data. The below chart shows the distribution of detached houses by size in London Colney, and where THE MILLSTONE lies on this distribution: 20% of detached houses are smaller than THE MILLSTONE, and 80% of houses are larger. Note that EPC data is not available for all properties in London Colney.

THE MILLSTONE: Plot and Title Map

THE MILLSTONE sits on a plot of roughly 0.100 of an acre, or 405m². The below map shows the location of THE MILLSTONE, 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 THE MILLSTONE). 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 THE MILLSTONE?

THE MILLSTONE is located on WATERSIDE in LONDON COLNEY, in the AL2 postcode district. The below map shows the position of THE MILLSTONE on WATERSIDE.