15, REDWOOD DRIVE, WING, LEIGHTON BUZZARD, LU7 0TA - £470,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

15 REDWOOD DRIVE is a small detached house of 114m², built sometime between 1950 and 1966, which could now be worth an estimated £552,217. It was last sold for £470,000 in November 2016, which was around 35% below the average November 2016 detached price in the Buckinghamshire local authority area. The most recent EPC inspection was June 2013, where the current energy rating was E, and the potential energy rating was C.

15 REDWOOD DRIVE Sold Prices

Land registry data shows two sales for 15 REDWOOD 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 Buckinghamshire local authority area for the corresponding sale date. Both of the two 15 REDWOOD 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
2016 21 NOV	£470,000	£720,206	35% below HPI
2014 3 FEB	£355,000	£542,550	35% below HPI

15 REDWOOD DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Buckinghamshire local authority area over time, sourced from the HPI. The two 15 REDWOOD DRIVE sales from February 2014 and November 2016 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 February 2014 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the November 2016 sale, which was also at 35% below the HPI.

What might 15 REDWOOD DRIVE be worth now?

15 REDWOOD DRIVE might now be worth an estimated £552,217.

This is based on house price inflation of 17.5%, between November 2016 and February 2025, for detached houses, in the Buckinghamshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.5% inflationary increase is applied to the most recent sale price for 15 REDWOOD DRIVE of £470,000 on 21st November 2016. For the value to have increased from £470,000 to £552,217 over the nine years and nine months to February 2025, the following assumptions must hold true:

• The value of 15 REDWOOD DRIVE has moved in line with the HPI for detached houses in the Buckinghamshire local authority area.
• The November 2016 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of 15 REDWOOD DRIVE has not materially changed since November 2016.

How Large is 15 REDWOOD DRIVE?

15 REDWOOD DRIVE is 114m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 40% of detached houses houses in Wing, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wing, and where 15 REDWOOD DRIVE lies on this distribution: 38% of detached houses houses are smaller than 15 REDWOOD DRIVE, and 61% of houses are larger. Note that EPC data is not available for all properties in Wing.

15 REDWOOD DRIVE: Plot and Title Map

15 REDWOOD DRIVE sits on a plot of roughly 0.143 of an acre, or 579m². The below map shows the location of 15 REDWOOD 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 15 REDWOOD 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 15 REDWOOD DRIVE?

15 REDWOOD DRIVE is located in WING, in the LU7 postcode district. The below map shows the position of No. 15 on REDWOOD DRIVE.