# House prices in AL2 2 (Park Street)

This article reveals price per square metre data and various charts to help you understand current housing market in Park Street, London Colney (AL2 2).

## Defining 'AL2 2'

This analysis is limited to properties whose postcode starts with "AL2 2", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Park Street.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## Price per square metre

Knowing the average house price in Park Street is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area
E.g. 1, Broomfield, Park Street, London Colney, sold for £530,000 on Mar-2024. Given the internal area of 93 square metres, the price per sqm is £5,698.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £5,700-£6,000, £6,000-£6,300, £6,300-£6,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 100 sales in Park Street (AL2 2) that took place in the last two years.

##### Distribution of £ per sqm for Park Street, London Colney
Distribution of £ per sqm house prices in Park Street

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Park Street (AL2 2). Of the 100 transactions, half were sold for between £5,300 and £6,760 per square metre. The median, or 'middle', price per square metre in 'AL2 2' is £6,010. Notably, only 25% of properties that sold recently were valued at more than £6,760 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Park Street, London Colney

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring London Colney. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Park Street, London Colney

## Comparison with neighbouring postcode sectors

The table below shows how 'AL2 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
AL2 3 Bricket Wood £5,150 sqm £6,070 sqm £7,060 sqm
AL2 2 Park Street £5,300 sqm £6,010 sqm £6,760 sqm
AL2 1 London Colney £4,510 sqm £5,150 sqm £6,020 sqm

## Will London Colney house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for AL2 2 (Park Street) compared with both the wider area AL2 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Park Street,London Colney
House price trends for Park Street

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent AL2 2 sales
Recent trends for Park Street

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for London Colney to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about London Colney and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

## Street level data

Street Avg size Avg £sqm Recent sales
Mayflower Road, Park Street, AL2 2Q 130 sqm £6,861 16
Mount Drive, Park Street, AL2 2N 122 sqm £5,503 14
Spooners Drive, Park Street, AL2 2H 123 sqm £5,910 11
Park Street, Park Street, AL2 2P 77 sqm £5,550 10
Orchard Drive, Park Street, AL2 2Q 108 sqm £5,814 10
Ringway Road, Park Street, AL2 2R 97 sqm £5,907 10
Watling Street, Park Street, AL2 2P 113 sqm £5,288 9
Branch Road, Park Street, AL2 2L 73 sqm £5,781 9

## Raw data

Our analysis of Park Street is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.