11, THE DRIVE, WELWYN, AL6 0TW - £700,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

11 THE DRIVE is a small extended detached house of 120m², built sometime between 1930 and 1949. It was last sold for £700,000 in March 2021, which was around 15% below the average March 2021 detached price in the Welwyn Hatfield local authority area. The most recent EPC inspection was February 2011, where the current energy rating was E, and the potential energy rating was D.

11 THE DRIVE Sold Prices

Land registry data shows two sales for 11 THE 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 Welwyn Hatfield local authority area for the corresponding sale date. Both of the two 11 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
2021 5 MAR	£700,000	£824,860	15% below HPI
2011 27 SEP	£475,000	£519,807	9% below HPI

11 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Welwyn Hatfield local authority area over time, sourced from the HPI. The two 11 THE DRIVE sales from September 2011 and March 2021 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 2011 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the March 2021 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 11 THE DRIVE?

11 THE DRIVE is 120m², which includes one extension, according to the EPC inspection conducted in February 2011. This puts it in the smallest 30% of detached houses in Oaklands, based on EPC data. The below chart shows the distribution of detached houses by size in Oaklands, and where 11 THE DRIVE lies on this distribution: 20% of detached houses are smaller than 11 THE DRIVE, and 80% of houses are larger. Note that EPC data is not available for all properties in Oaklands.

11 THE DRIVE: Plot and Title Map

11 THE DRIVE sits on a plot of roughly 0.240 of an acre, or 971m². The below map shows the location of 11 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 11 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 11 THE DRIVE?

11 THE DRIVE is located in WELWYN, in the AL6 postcode district. The below map shows the position of No. 11 on THE DRIVE.