1A, THE DRIVE, RADLETT, WD7 7DA - £1,450,000

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

1A THE DRIVE is a very large extended detached house of 359m², built sometime between 1996 and 2002, which could now be worth an estimated £1,421,605. It was last sold for £1,450,000 in September 2021, which was around 21% above the average September 2021 detached price in the Hertsmere local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was B.

1A THE DRIVE Sold Prices

Land registry data shows four sales for 1A THE DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Hertsmere local authority area for the corresponding sale date. Most of the four 1A 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
2021 30 SEP	£1,450,000	£1,196,480	21% above HPI
2015 20 NOV	£1,425,000	£946,159	51% above HPI
2006 9 MAY	£565,000	£538,138	5% above HPI
2001 20 APR	£375,000	£390,809	4% below HPI

1A THE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hertsmere local authority area over time, sourced from the HPI. The four 1A THE DRIVE sales between April 2001 and September 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 November 2015 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the September 2021 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 1A THE DRIVE be worth now?

1A THE DRIVE might now be worth an estimated £1,421,605.

This is based on house price deflation of 2%, between September 2021 and February 2025, for detached houses, in the Hertsmere local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2% deflationary decrease is applied to the most recent sale price for 1A THE DRIVE of £1,450,000 on 30th September 2021. For the value to have decreased from £1,450,000 to £1,421,605 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 1A THE DRIVE has moved in line with the HPI for detached houses in the Hertsmere local authority area.
• The September 2021 sale price of £1,450,000 represented a fair market value for the property.
• The size, condition, and specification of 1A THE DRIVE has not materially changed since September 2021.

How Large is 1A THE DRIVE?

1A THE DRIVE is 359m², which includes three extensions, according to the EPC inspection conducted in September 2023. This puts it in the largest 20% of detached houses houses in Radlett, based on EPC data. The below chart shows the distribution of detached houses houses by size in Radlett, and where 1A THE DRIVE lies on this distribution: 81% of detached houses houses are smaller than 1A THE DRIVE, and 19% of houses are larger. Note that EPC data is not available for all properties in Radlett.

1A THE DRIVE: Plot and Title Map

1A THE DRIVE sits on a plot of roughly 0.236 of an acre, or 954m². The below map shows the location of 1A 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 1A 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 1A THE DRIVE?

1A THE DRIVE is located in RADLETT, in the WD7 postcode district. The below map shows the position of No. 1A on THE DRIVE.