Radlett

Area Guide For Radlett

Radlett is a large affluent village in the county of Hertfordshire between St Albans and Borehamwood on Watling Street with a population of approximately 8,000. It is located in the council district of Hertsmere and is covered by two wards, Aldenham East and Aldenham West. It is located inside the M25 motorway. Radlett lies in the valley of Tykes Water, a stream that runs north from Aldenham Reservoir to the River Colne. Now entirely surrounded by the Metropolitan Green Belt, it is seeing significant 'infill' development and pressure to relax the Green Belt restrictions. Radlett is one of the most prosperous places in Britain. The town contains many substantial detached houses with large gardens. In the older centre there are also a few streets with Victorian semi detached and terraced houses. Over the past few years, the combination of its proximity to London and good transport links have meant that Radlett has become a property hotspot with majority of roads with an average price of over £1,000,000. Watling Street, which is the main road through Radlett, has a wide variety of local shops and restaurants, as well as some national chain stores, a Post Office, and the Radlett

 
 

Radlett Map

Estimated Price: £843,860
Average Asking Price: £1,981,542
Price change in last one year: £135,578
Average Price Paid: £652,771
Average Rent Rates: £2,329

 
 

Property Prices Breakdown in Radlett

Average Price for property in Radlett is around £843,860 which varies based on type of property you are interested in and ranges from £1,215,654 for detached house to around £548,729 for semi-detached. Similarly terraced house is around £472,980 and a flat is worth £407,613. Values have been changing and have risen £14,433 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £38,627 in last 6 months, £135,578 in last 1 year, £145,520 in last 2 years, £137,515 in last 3 years, £157,710 in last 4 years and £195,372 in last 5 years.

Currently average asking price of a property in Radlett is around £1,981,542 based on approximately 181 properties for sale. Same is the case with rental options based on 27 properties up for rent, average asking rent is around £2,329 per month.

Estimated property value in Radlett is £843,860. Average asking price is £1,981,542 while average price paid is £765,252 which is up by £135,578 and Avg. asking rent £2,329.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Radlett area. In last 1 year alone average price buyer paid is around £765,252 based on approximately 181 sales in Radlett area alone. If you compare it to last 3 years sales of 562 properties where buyers paid around £672,473. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £652,771 for 925 and average amount paid for purchase of approx. 1,174 properties sold in last 7 years comes to about £626,455 per sale.

 
 

Properties For Sale in Radlett

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £704,167, £565,562 for a 3 bedroom house, £1,329,158 for a 4 bedroom house and £1,961,997 for a 5 bedroom house. For a flat similarly the prices varies from £380,000 for a single bedroom to £549,975 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £569,950. To sum up the asking prices for properties in Radlett it comes to around average £380,000 for 1 bedroom property, £642,490 for 2 bedroom, £566,024 for 3 bedroom, £1,329,158 for 4 bedroom and £1,961,997 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £1,400 for 2 bedroom to £2,185 for 3 bedroom, £2,611 for 4 bedroom and £4,336 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £651. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,219. You should be generally be expecting around average £651 rent per month for single bedroom property, £1,255 for 2 bedroom, £2,185 for 3 bedroom, £2,611 for 4 bedroom and approximately £4,336 for a 5 bedroom property in Radlett area.

Popular Houses in Radlett

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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