# House prices in AL3 4 (St Albans)

This article reveals price per square metre data and various charts to help you understand current housing market in 'AL3 4' (St Albans) - statistics were last calculated on 31 July 2024.

## Defining 'AL3 4'

This analysis is limited to properties whose postcode starts with "AL3 4", 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 St Albans.

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 St Albans 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. 4, Havercroft Close, St Albans, sold for £350,000 on May-2024. Given the internal area of 82 square metres, the price per sqm is £4,268.

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. £7,500-£8,000, £8,000-£8,500, £8,500-£9,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 125 sales in St Albans (AL3 4) that took place in the last two years.

##### Distribution of £ per sqm for St Albans
Distribution of £ per sqm house prices in St Albans

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 St Albans (AL3 4). Of the 125 transactions, half were sold for between £6,160 and £8,950 per square metre. The median, or 'middle', price per square metre in 'AL3 4' is £7,340. Notably, only 25% of properties that sold recently were valued at more than £8,950 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 St Albans

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 St Albans. 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 St Albans

## Comparison with neighbouring postcode sectors

The table below shows how 'AL3 4' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
AL3 5 St Albans £6,300 sqm £7,450 sqm £8,130 sqm
AL3 8 Markyate £4,490 sqm £4,940 sqm £5,500 sqm
AL3 6 St Albans £5,410 sqm £5,970 sqm £6,900 sqm
AL3 7 Redbourn £5,020 sqm £5,820 sqm £6,760 sqm
AL3 4 St Albans £6,160 sqm £7,340 sqm £8,950 sqm

## Will St Albans 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 AL3 4 (St Albans) compared with both the wider area AL3 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 St Albans,St Albans
House price trends for St Albans

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 AL3 4 sales
Recent trends for St Albans

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 St Albans 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 St Albans 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
Portland Street, St Albans, AL3 4R 65 sqm £8,909 18
Lower Dagnall Street, St Albans, AL3 4P 76 sqm £8,192 18
Mortimer Crescent, St Albans, AL3 4G 143 sqm £6,140 18
King Harry Lane, St Albans, AL3 4A 126 sqm £5,482 15
Kings Road, St Albans, AL3 4T 92 sqm £8,049 14
Verulam Road, St Albans, AL3 4D 110 sqm £7,350 13
Bowes Lyon Mews, St Albans, AL3 4P 95 sqm £6,185 10
Fishpool Street, St Albans, AL3 4R 97 sqm £7,971 9

## Raw data

Our analysis of St Albans 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.