2, THE DRIVE, RADLETT, WD7 7DA - £2,806,800

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

2 THE DRIVE is a very large detached house of 364m², built sometime between 1930 and 1949, which could now be worth an estimated £2,911,748. It was last sold for £2,806,800 in July 2024, which was around 148% above the average July 2024 detached price in the Hertsmere local authority area. The most recent EPC inspection was January 2024, where the current energy rating was F, and the potential energy rating was C.

2 THE DRIVE Sold Prices

Land registry data shows two sales for 2 THE 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 Hertsmere local authority area for the corresponding sale date. Both of the two 2 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
2024 26 JUL	£2,806,800	£1,130,770	148% above HPI
1998 19 JUN	£749,550	£254,393	195% above HPI

2 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 two 2 THE DRIVE sales from June 1998 and July 2024 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 June 1998 sale was for 195% above the HPI. So the extrapolation line tracks at 195% above the HPI over time, until the July 2024 sale, where it falls to 148% above the HPI. The line then continues to track at 148% above the HPI.

What might 2 THE DRIVE be worth now?

2 THE DRIVE might now be worth an estimated £2,911,748.

This is based on house price inflation of 3.7%, between July 2024 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 3.7% inflationary increase is applied to the most recent sale price for 2 THE DRIVE of £2,806,800 on 26th July 2024. For the value to have increased from £2,806,800 to £2,911,748 over the one year and five months to February 2025, the following assumptions must hold true:

• The value of 2 THE DRIVE has moved in line with the HPI for detached houses in the Hertsmere local authority area.
• The July 2024 sale price of £2,806,800 represented a fair market value for the property.
• The size, condition, and specification of 2 THE DRIVE has not materially changed since July 2024.

How Large is 2 THE DRIVE?

2 THE DRIVE is 364m² according to the EPC inspection conducted in January 2024. 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 2 THE DRIVE lies on this distribution: 82% of detached houses houses are smaller than 2 THE DRIVE, and 18% of houses are larger. Note that EPC data is not available for all properties in Radlett.

2 THE DRIVE: Plot and Title Map

2 THE DRIVE sits on a plot of roughly 0.453 of an acre, or 1,834m². The below map shows the location of 2 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 2 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 2 THE DRIVE?

2 THE DRIVE is located in RADLETT, in the WD7 postcode district. The below map shows the position of No. 2 on THE DRIVE.