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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1A THE DRIVE is a very large extended detached house of 359m², built sometime between 1996 and 2002. It was last sold for £1,450,000 in September 2021, which was around 33% 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. All 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	£1,089,625	33% above HPI
2015 20 NOV	£1,425,000	£861,657	65% above HPI
2006 9 MAY	£565,000	£490,076	15% above HPI
2001 20 APR	£375,000	£355,905	5% above 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 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the September 2021 sale, where it falls to 33% above the HPI. The line then continues to track at 33% above the HPI.

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 in Radlett, based on EPC data. The below chart shows the distribution of detached houses by size in Radlett, and where 1A THE DRIVE lies on this distribution: 82% of detached houses are smaller than 1A THE DRIVE, and 18% 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.