123, THE DRIVE, RICKMANSWORTH, WD3 4DR - £2,375,000

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

123 THE DRIVE is a very large extended detached house of 334m², built sometime between 1967 and 1975. It was last sold for £2,375,000 in January 2023, which was around 115% above the average January 2023 detached price in the Three Rivers local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

123 THE DRIVE Sold Prices

Land registry data shows three sales for 123 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 Three Rivers local authority area for the corresponding sale date. All of the three 123 THE DRIVE sales were for above 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
2023 31 JAN	£2,375,000	£1,105,376	115% above HPI
2020 3 APR	£1,250,000	£964,715	30% above HPI
2016 3 OCT	£1,275,000	£960,635	33% above HPI

123 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Three Rivers local authority area over time, sourced from the HPI. The three 123 THE DRIVE sales between October 2016 and January 2023 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 April 2020 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the January 2023 sale, where it rises to 115% above the HPI. The line then continues to track at 115% above the HPI.

How Large is 123 THE DRIVE?

123 THE DRIVE is 334m², which includes two extensions, according to the EPC inspection conducted in June 2022. This puts it in the largest 20% of detached houses in Chorleywood, based on EPC data. The below chart shows the distribution of detached houses by size in Chorleywood, and where 123 THE DRIVE lies on this distribution: 89% of detached houses are smaller than 123 THE DRIVE, and 11% of houses are larger. Note that EPC data is not available for all properties in Chorleywood.

123 THE DRIVE: Plot and Title Map

123 THE DRIVE sits on a plot of roughly 0.235 of an acre, or 952m². The below map shows the location of 123 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 123 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 123 THE DRIVE?

123 THE DRIVE is located in RICKMANSWORTH, in the WD3 postcode district. The below map shows the position of No. 123 on THE DRIVE.