St. Albans Area Guide UK

Area Guide For St. Albans

St Albans is a city in southern Hertfordshire, England, around 22 miles (35 km) north of central London, which forms the main urban area of the City and District of St Albans. It is a historic market town, and is now a sought-after dormitory town within the London commuter belt. Property prices are notoriously high within the district, which is one of the most expensive in the UK. St Albans has two official demonyms: Verulamian and Old Albanian. St Albans was a settlement of pre-Roman origin named Verlamion (or Verulam) by the Ancient British, Catuvellauni tribe. It became the first major town on the old Roman road of Watling Street for travellers heading north and became the Roman city of Verulamium. Saint Alban, the first British Christian martyr, was beheaded in AD 308 by Maximian on the orders of Emperor Diocletian, who denounced the Christian faith and had ordered the deaths of all subjects and allies of the Roman Empire who refused to give up the faith. Saint Alban consequently gave the town its modern name. The St Albans area has a long history of settlement. The Celtic Catuvellauni tribe had a settlement at Prae Hill a mile or so to the west. The Roman city

Property Prices Breakdown in St. Albans

Average Price for property in St. Albans is around £453,327 which varies based on type of property you are interested in and ranges from £718,817 for detached house to around £467,886 for semi-detached. Similarly terraced house is around £367,551 and a flat is worth £244,636. Values have been changing and have risen £8,193 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £18,746 in last 6 months, £33,979 in last 1 year, £36,275 in last 2 years, £48,625 in last 3 years, £44,551 in last 4 years and £74,121 in last 5 years.

Currently average asking price of a property in St. Albans is around £562,638 based on approximately 1,830 properties for sale. Same is the case with rental options based on 338 properties up for rent, average asking rent is around £1,617 per month.

Estimated property value in St. Albans is £453,327. Average asking price is £562,638 while average price paid is £394,013 which is up by £33,979 and Avg. asking rent £1,617.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 St. Albans area. In last 1 year alone average price buyer paid is around £394,013 based on approximately 1,830 sales in St. Albans area alone. If you compare it to last 3 years sales of 5,497 properties where buyers paid around £384,410. 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 £373,780 for 8,953 and average amount paid for purchase of approx. 1,830 properties sold in last 7 years comes to about £394,013 per sale.