15, THE MEAD, WATFORD, WD19 5BX - £445,000

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 THE MEAD is a very small extended detached house of 64m², built sometime between 1950 and 1966. It was last sold for £445,000 in July 2017, which was around 58% below the average July 2017 detached price in the Three Rivers local authority area. The most recent EPC inspection was January 2017, where the current energy rating was D, and the potential energy rating was B.

15 THE MEAD Sold Prices

Land registry data shows two sales for 15 THE MEAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Three Rivers local authority area for the corresponding sale date. Both of the two 15 THE MEAD 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
2017 31 JUL	£445,000	£1,055,020	58% below HPI
2007 19 MAR	£275,000	£595,086	54% below HPI

15 THE MEAD 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 two 15 THE MEAD sales from March 2007 and July 2017 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 March 2007 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the July 2017 sale, where it falls to 58% below the HPI. The line then continues to track at 58% below the HPI.

What might 15 THE MEAD be worth now?

15 THE MEAD might now be worth an estimated £483,839.

This is based on house price inflation of 8.7%, between July 2017 and December 2024, for detached houses, in the Three Rivers local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.7% inflationary increase is applied to the most recent sale price for 15 THE MEAD of £445,000 on 31st July 2017. For the value to have increased from £445,000 to £483,839 over the six years and seven months to December 2024, the following assumptions must hold true:

• The value of 15 THE MEAD has moved in line with the HPI for detached houses in the Three Rivers local authority area.
• The July 2017 sale price of £445,000 represented a fair market value for the property.
• The size, condition, and specification of 15 THE MEAD has not materially changed since July 2017.

How Large is 15 THE MEAD?

15 THE MEAD is 64m², which includes one extension, according to the EPC inspection conducted in January 2017. This puts it in the smallest 10% 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 THE MEAD lies on this distribution: 2% of detached houses houses are smaller than 15 THE MEAD, and 98% of houses are larger. Note that EPC data is not available for all properties in Watford.

15 THE MEAD: Plot and Title Map

15 THE MEAD sits on a plot of roughly 0.104 of an acre, or 419m². The below map shows the location of 15 THE MEAD, 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 THE MEAD). 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 THE MEAD?

15 THE MEAD is located in WATFORD, in the WD19 postcode district. The below map shows the position of No. 15 on THE MEAD.