23, DENEWOOD CLOSE, WATFORD, WD17 4SZ - £500,000

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

23 DENEWOOD CLOSE is a midsized extended detached house of 134m², built sometime between 1983 and 1990. It was last sold for £500,000 in January 2010, which was around 16% above the average January 2010 detached price in the Watford local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

23 DENEWOOD CLOSE Sold Prices

Land registry data shows two sales for 23 DENEWOOD CLOSE 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. Both of the two 23 DENEWOOD CLOSE 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
2010 8 JAN	£500,000	£430,963	16% above HPI
2007 5 JAN	£658,000	£444,085	48% above HPI

23 DENEWOOD CLOSE 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 23 DENEWOOD CLOSE sales from January 2007 and January 2010 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 January 2007 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the January 2010 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 23 DENEWOOD CLOSE be worth now?

23 DENEWOOD CLOSE might now be worth an estimated £1,029,255.

This is based on house price inflation of 105.9%, between January 2010 and December 2024, for detached houses, in the Watford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 105.9% inflationary increase is applied to the most recent sale price for 23 DENEWOOD CLOSE of £500,000 on 8th January 2010. For the value to have increased from £500,000 to £1,029,255 over the thirteen years and one month to December 2024, the following assumptions must hold true:

• The value of 23 DENEWOOD CLOSE has moved in line with the HPI for detached houses in the Watford local authority area.
• The January 2010 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 23 DENEWOOD CLOSE has not materially changed since January 2010.

How Large is 23 DENEWOOD CLOSE?

23 DENEWOOD CLOSE is 134m², which includes two extensions, according to the EPC inspection conducted in August 2020. This puts it in the smallest 50% 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 23 DENEWOOD CLOSE lies on this distribution: 48% of detached houses houses are smaller than 23 DENEWOOD CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Watford.

23 DENEWOOD CLOSE: Plot and Title Map

23 DENEWOOD CLOSE sits on a plot of roughly 0.137 of an acre, or 556m². The below map shows the location of 23 DENEWOOD CLOSE, 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 23 DENEWOOD CLOSE). 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 23 DENEWOOD CLOSE?

23 DENEWOOD CLOSE is located in WATFORD, in the WD17 postcode district. The below map shows the position of No. 23 on DENEWOOD CLOSE.