15, MEDWAY CLOSE, WATFORD, WD25 0DP - £650,000

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

15 MEDWAY CLOSE is a midsized detached house of 143m², built sometime between 1950 and 1966, which could now be worth an estimated £696,790. It was last sold for £650,000 in December 2020, which was around 22% below the average December 2020 detached price in the Watford local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was B.

15 MEDWAY CLOSE Sold Prices

Land registry data shows two sales for 15 MEDWAY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Watford local authority area for the corresponding sale date. Both of the two 15 MEDWAY CLOSE 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
2020 21 DEC	£650,000	£833,030	22% below HPI
2013 7 JUN	£465,000	£517,052	10% below HPI

15 MEDWAY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Watford local authority area over time, sourced from the HPI. The two 15 MEDWAY CLOSE sales from June 2013 and December 2020 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 June 2013 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the December 2020 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 15 MEDWAY CLOSE be worth now?

15 MEDWAY CLOSE might now be worth an estimated £696,790.

This is based on house price inflation of 7.2%, between December 2020 and February 2025, for detached houses, in the Watford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.2% inflationary increase is applied to the most recent sale price for 15 MEDWAY CLOSE of £650,000 on 21st December 2020. For the value to have increased from £650,000 to £696,790 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 15 MEDWAY CLOSE has moved in line with the HPI for detached houses in the Watford local authority area.
• The December 2020 sale price of £650,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MEDWAY CLOSE has not materially changed since December 2020.

How Large is 15 MEDWAY CLOSE?

15 MEDWAY CLOSE is 143m² according to the EPC inspection conducted in February 2013. This puts it in the largest 50% of detached houses houses in Watford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Watford, and where 15 MEDWAY CLOSE lies on this distribution: 55% of detached houses houses are smaller than 15 MEDWAY CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Watford.

15 MEDWAY CLOSE: Plot and Title Map

15 MEDWAY CLOSE sits on a plot of roughly 0.172 of an acre, or 698m². The below map shows the location of 15 MEDWAY CLOSE, 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 15 MEDWAY CLOSE). 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 15 MEDWAY CLOSE?

15 MEDWAY CLOSE is located in WATFORD, in the WD25 postcode district. The below map shows the position of No. 15 on MEDWAY CLOSE.