Continuing the theme of interesting local data, take a look at this list of the top 5 roads where people move most often in St Albans. It's quite revealing to see that on these roads people tend to make a quick stop before moving on, and very few residents remain for long periods.
The prices are the average current values at the time of writing and sourcing the data, and the last column are the number of Sales that have taken place on that road since 1995 according to Land Registry data.
The top moving street, London Road has had an average of just under 19 Sales per annum since 1995. This will have a great deal to do with the fact that London Road is in excess of 1.5 miles in length and accommodates over 600 residential properties.
Park View Close on the other hand, with just 128 addresses noted and 289 Sales (an average of just under 15 Sales per annum since 1995) the density is much higher.
These seem to be the roads that are the 'stepping stones' for first time buyers, or have been quick investment vehicles with the turnaround suggesting they are equity-hungry and could be a good investment.
Data sourced from Mouseprice.co.uk
Want to know if any of the properties on the market in these roads really is a good investment for you? Well, I think I've demonstrated my pedigree! I can help you crunch the numbers and work out what's going to work best for you. Come and have a chat at my Hawk & Chadwick offices in Harpenden or call me on 01727 226 253 or 01582 346 111.
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