According to the public record, 7, Abbey Mill Lane, St. Albans is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 570 ft2 of internal area and a garden.
Houses of this size in this area normally have 2 bedrooms.
Abbey Mill Lane, St. Albans, AL3 is located in the borough of St. Albans within the AL3 postal district.
7, Abbey Mill Lane, St. Albans has 31 entries in the Land Registry database, most recently in January 2006 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 7 Abbey Mill Lane St. Albans as £522,442 and the rental value as £1,839 per month giving an expected gross yield of 4.2%.
Over the last 12 months the sale value of 7 Abbey Mill Lane St. Albans has increased by £2,690 (0.5%) and its rental value has increased by £122 per month (6.6%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 7, Abbey Mill Lane, St. Albans is in very good condition we estimate a sale value of £548,564 and rental value of £1,931 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £485,871 and a rental value of £1,710 per month.
If you were able to purchase this property for the estimated value of £522,442, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,568 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 7, Abbey Mill Lane, St. Albans was last sold on 06 Jan 2006 for £249,995 and was recorded as a freehold house.
The property has had 3 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Abbey Mill Lane, St. Albans within a radius of 570 metres over the last 2 years.
The most recent example is 12, Orchard Street, St. Albans, AL3 4HL, a Freehold house which sold for £565,000 in Aug 2023.
Read more about house prices in AL3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 3 lets within a 570 metres radius of 7, Abbey Mill Lane, St. Albans over the last 2 years.
Most recently 109, Holywell Hill, St. Albans, AL1 2DN, a Leasehold flat let by Collinson Hall in Jun 2024.
Abbey Mill Lane, St. Albans, AL3 has a total of 60 addresses. According to our analysis of all the public data, 7, Abbey Mill Lane, St. Albans is the 56th largest and the 35th most expensive property on the street.
When compared to the postcode district it is £122k less expensive than the average property in AL3.
The closest station to 7, Abbey Mill Lane, St. Albans is St Albans Abbey station which is 600 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Abbey Mill Lane, St. Albans, 54.9% of property is privately rented and 24.2% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 7, Abbey Mill Lane, St. Albans, 9.9% of residents are recorded as possessing school level qualifications and 66.5% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 7, Abbey Mill Lane, St. Albans, the average age was 44.3 and the most common age was 42.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 7, Abbey Mill Lane, St. Albans, 3.8% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 7, Abbey Mill Lane, St. Albans, there are an average of 1.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.