Values have been changing and have risen £1,424 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,309 in last 6 months, £29,368 in last 1 year, £44,451 in last 2 years, £57,378 in last 3 years, £51,220 in last 4 years and £57,184 in last 5 years.
Currently average asking price of a property in Shenley Lane, London Colney, St. Albans, AL2 is around £511,046 based on approximately 10 properties for sale. Same is the case with rental options based on 35 properties up for rent, average asking rent is around £2,180 per month.
Estimated property value in Shenley Lane, London Colney, St. Albans, AL2 is £316,798. Average asking price is £511,046 while average price paid is £240,245 which is up by £29,368 and Avg. asking rent £2,180.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 Shenley Lane, London Colney, St. Albans, AL2 area. In last 1 year alone average price buyer paid is around £240,245 based on approximately 10 sales in Shenley Lane, London Colney, St. Albans, AL2 area alone. If you compare it to last 3 years sales of 16 properties where buyers paid around £249,837. 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 £263,167 for 23 and average amount paid for purchase of approx. 26 properties sold in last 7 years comes to about £270,686 per sale.