2, RICHMOND DRIVE, WATFORD, WD17 3BG - £1,010,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 RICHMOND DRIVE is a midsized detached house of 127m², built sometime between 1930 and 1949. It was last sold for £1,010,000 in August 2022, which was around 4% above the average August 2022 detached price in the Watford local authority area. The most recent EPC inspection was April 2018, where the current energy rating was E, and the potential energy rating was C.

2 RICHMOND DRIVE Sold Prices

Land registry data shows two sales for 2 RICHMOND 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 Watford local authority area for the corresponding sale date. One of the two 2 RICHMOND DRIVE sales was for above the average price, whilst the other was roughly equal to 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
2022 5 AUG	£1,010,000	£970,262	4% above HPI
2018 23 NOV	£820,000	£821,526	Close to HPI

2 RICHMOND DRIVE 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 2 RICHMOND DRIVE sales from November 2018 and August 2022 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 2018 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the August 2022 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is 2 RICHMOND DRIVE?

2 RICHMOND DRIVE is 127m² according to the EPC inspection conducted in April 2018. This puts it in the smallest 50% of detached houses in Watford, based on EPC data. The below chart shows the distribution of detached houses by size in Watford, and where 2 RICHMOND DRIVE lies on this distribution: 41% of detached houses are smaller than 2 RICHMOND DRIVE, and 58% of houses are larger. Note that EPC data is not available for all properties in Watford.

2 RICHMOND DRIVE: Plot and Title Map

2 RICHMOND DRIVE sits on a plot of roughly 0.124 of an acre, or 502m². The below map shows the location of 2 RICHMOND 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 2 RICHMOND 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 2 RICHMOND DRIVE?

2 RICHMOND DRIVE is located in WATFORD, in the WD17 postcode district. The below map shows the position of No. 2 on RICHMOND DRIVE.