1, THE DRIVE, WEMBLEY, HA9 9EF - £420,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 THE DRIVE is a small extended property of 111m², built sometime between 1930 and 1949. It was last sold for £420,000 in October 2022, which was around 67% below the average October 2022 detached price in the Brent local authority area. The most recent EPC inspection was February 2013, where the current energy rating was F, and the potential energy rating was D.

1 THE DRIVE Sold Prices

Land registry data shows three sales for 1 THE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Brent local authority area for the corresponding sale date. All of the three 1 THE 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
2022 17 OCT	£420,000	£1,256,070	67% below HPI
2018 25 SEP	£700,000	£1,109,980	37% below HPI
2014 14 MAR	£500,000	£787,938	37% below HPI

1 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Brent local authority area over time, sourced from the HPI. The three 1 THE DRIVE sales between March 2014 and October 2022 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 September 2018 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the October 2022 sale, where it falls to 67% below the HPI. The line then continues to track at 67% below the HPI.

How Large is 1 THE DRIVE?

1 THE DRIVE is 111m², which includes one extension, according to the EPC inspection conducted in February 2013. This puts it in the smallest 30% of detached houses in Wembley, based on EPC data. The below chart shows the distribution of detached houses by size in Wembley, and where 1 THE DRIVE lies on this distribution: 23% of detached houses are smaller than 1 THE DRIVE, and 76% of houses are larger. Note that EPC data is not available for all properties in Wembley.

1 THE DRIVE: Plot and Title Map

1 THE DRIVE sits on a plot of roughly 0.183 of an acre, or 742m². The below map shows the location of 1 THE 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 THE 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 THE DRIVE?

1 THE DRIVE is located in WEMBLEY, in the HA9 postcode district. The below map shows the position of No. 1 on THE DRIVE.