Being local to the area, I will watch these with interest. It could be the sharp end of the house price crash for St Albans, which many have felt might be immune due to it’s highly regarded status (excellent commuter links, roman city etc. etc.). However the lack of availability of credit will take no prisoners so there is no logical reason why St Albans would be any different to London for example.
http://elliottauctions.co.uk/Catalogue%20FEB%2009.pdf
Lot 3: 8 St. Leonards Crescent, Sandridge, Nr St. Albans, Herts, AL4 9EH Guide:
£230,000+
[Similar Semi sold in July 2008 for £365,000]
Lot 4: 1 Watsons Walk, St. Albans, Herts, AL1 1PA Guide:
£195,000+
[Terraces in that road have been selling for around £300,000 in 2008]
Lot 20: 39 Brewhouse Hill, Wheathampstead, St. Albans, Herts AL4 8AN Guide:
£175,000+
[Recent recorded prices in 07/08 suggest £250,000 peak value]
