1, OLVEGA DRIVE, BUNTINGFORD, SG9 9FJ - £605,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 OLVEGA DRIVE is a midsized detached house of 131m², built sometime from 2007 onwards, which could now be worth an estimated £687,575. It was last sold for £605,000 in September 2019, which was around 21% below the average September 2019 detached price in the East Hertfordshire local authority area. The most recent EPC inspection was May 2012, where the current energy rating was C, and the potential energy rating was B.

1 OLVEGA DRIVE Sold Prices

Land registry data shows two sales for 1 OLVEGA DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Hertfordshire local authority area for the corresponding sale date. Both of the two 1 OLVEGA DRIVE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 12 SEP	£605,000	£763,674	21% below HPI
2011 11 JAN	£474,000	£489,394	3% below HPI

1 OLVEGA DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Hertfordshire local authority area over time, sourced from the HPI. The two 1 OLVEGA DRIVE sales from January 2011 and September 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the January 2011 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the September 2019 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 1 OLVEGA DRIVE be worth now?

1 OLVEGA DRIVE might now be worth an estimated £687,575.

This is based on house price inflation of 13.6%, between September 2019 and December 2024, for detached houses, in the East Hertfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.6% inflationary increase is applied to the most recent sale price for 1 OLVEGA DRIVE of £605,000 on 12th September 2019. For the value to have increased from £605,000 to £687,575 over the four years and nine months to December 2024, the following assumptions must hold true:

• The value of 1 OLVEGA DRIVE has moved in line with the HPI for detached houses in the East Hertfordshire local authority area.
• The September 2019 sale price of £605,000 represented a fair market value for the property.
• The size, condition, and specification of 1 OLVEGA DRIVE has not materially changed since September 2019.

How Large is 1 OLVEGA DRIVE?

1 OLVEGA DRIVE is 131m² according to the EPC inspection conducted in May 2012. This puts it in the largest 50% of detached houses houses in Buntingford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Buntingford, and where 1 OLVEGA DRIVE lies on this distribution: 57% of detached houses houses are smaller than 1 OLVEGA DRIVE, and 41% of houses are larger. Note that EPC data is not available for all properties in Buntingford.

1 OLVEGA DRIVE: Plot and Title Map

1 OLVEGA DRIVE sits on a plot of roughly 0.153 of an acre, or 621m². The below map shows the location of 1 OLVEGA DRIVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 OLVEGA DRIVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 OLVEGA DRIVE?

1 OLVEGA DRIVE is located in BUNTINGFORD, in the SG9 postcode district. The below map shows the position of No. 1 on OLVEGA DRIVE.