AL8 7EF is a residential postcode situated on Monkswood, Welwyn Garden City, AL8 with 30 addresses.
It ranks as the 343rd largest and 164th most expensive of the 385 postcodes in the AL8 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 30 properties: 30 houses.
AL8 7EF is a residential postcode situated on Monkswood, Welwyn Garden City, AL8 with 30 addresses.
It ranks as the 343rd largest and 164th most expensive of the 385 postcodes in the AL8 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 30 properties: 30 houses.
Sale prices range from £296,412 for 2 bedroom freehold houses with a garden (419 ft2) to £955,782 for 4 bedroom freehold houses with a garden (1,506 ft2) .
Monthly rental prices range from £1,421 pcm for 2 bed houses to £2,860 pcm for 4 bed houses.
The gross rental yield is between 3.6% and 5.8%.
The average value per square foot is £505.
The last sale in AL8 7EF sold for £400,000 on 31st October 2024. Since then prices are up an average of 18.0%.
The current average value in the postcode is £483,989.
The AL8 7EF Sales Market has increased by 18.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -0.8% | £483,989 |
| May 2025 | 3.3% | £487,777 |
| May 2024 | -4% | £472,096 |
| May 2023 | 1.2% | £491,799 |
| May 2022 | 8.7% | £485,896 |
| May 2021 | 5.5% | £446,981 |
| May 2020 | 3.3% | £423,527 |
| May 2019 | -3.5% | £410,020 |
| May 2018 | 1.1% | £424,982 |
| May 2017 | 2.5% | £420,489 |
| May 2016 | 13.8% | £410,307 |
| May 2015 | 9.8% | £360,504 |
| May 2014 | 11.2% | £328,235 |
| May 2013 | 4.3% | £295,112 |
| May 2012 | 0.9% | £282,945 |
| May 2011 | 2.1% | £280,290 |
| May 2010 | 13.9% | £274,631 |
| May 2009 | -13.5% | £241,076 |
| May 2008 | 4.6% | £278,592 |
| May 2007 | 0% | £266,405 |
The current average rental value in the postcode is £2,134.
The AL8 7EF Rental Market has increased by 54.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 3.7% | £2,134pcm |
| May 2025 | 4.9% | £2,058pcm |
| May 2024 | 7.9% | £1,962pcm |
| May 2023 | 9.4% | £1,818pcm |
| May 2022 | 9.3% | £1,661pcm |
| May 2021 | 5.5% | £1,519pcm |
| May 2020 | 1.2% | £1,441pcm |
| May 2019 | 1.5% | £1,423pcm |
| May 2018 | 1.2% | £1,402pcm |
| May 2017 | 0.5% | £1,385pcm |
| May 2016 | 5.6% | £1,379pcm |
| May 2015 | 5.6% | £1,305pcm |
| May 2014 | 6.5% | £1,236pcm |
| May 2013 | 0.7% | £1,161pcm |
| May 2012 | 3.3% | £1,153pcm |
| May 2011 | 1.7% | £1,116pcm |
| May 2010 | 8.5% | £1,097pcm |
| May 2009 | -6.3% | £1,011pcm |
| May 2008 | 4.8% | £1,079pcm |
| May 2007 | 0% | £1,030pcm |
The last sale was on 31st October 2024 for £400,000 and since then the market in the area has increased by 18.0%. The postcode has had a total of 20 sales since 1995.
AL8 7EF has seen 1 sale in the last three years and no sales in the last twelve months.
AL8 7EF is the 343rd largest and the 164th most expensive postcode out of the 385 postcodes in the AL8 area.
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The recent census recorded whether a resident owned or rented their home.
In the area around AL8 7EF, 34.8% of property is privately owned outright and 34.8% is privately owned with a mortgage.
The graph below shows how this compares to East of England and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around AL8 7EF, 26.5% of residents are recorded as possessing school level qualifications and 37.9% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around AL8 7EF, the average age was 41.4 and the most common age was 57.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around AL8 7EF, 1.4% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around AL8 7EF, there are an average of 1.3 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.