23, THE DRIVE, MORDEN, SM4 6DH - £550,000

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

23 THE DRIVE is a very small detached house of 63m², built sometime between 1950 and 1966. It was last sold for £550,000 in February 2022, which was around 66% below the average February 2022 detached price in the Merton local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was B.

23 THE DRIVE Sold Prices

Land registry data shows three sales for 23 THE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Merton local authority area for the corresponding sale date. All of the three 23 THE DRIVE sales were for below 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 22 FEB	£550,000	£1,628,721	66% below HPI
2004 1 OCT	£265,000	£630,864	58% below HPI
1998 29 SEP	£95,000	£313,468	70% below HPI

23 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Merton local authority area over time, sourced from the HPI. The three 23 THE DRIVE sales between September 1998 and February 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 October 2004 sale was for 58% below the HPI. So the extrapolation line tracks at 58% below the HPI over time, until the February 2022 sale, where it falls to 66% below the HPI. The line then continues to track at 66% below the HPI.

How Large is 23 THE DRIVE?

23 THE DRIVE is 63m² according to the EPC inspection conducted in February 2017. This puts it in the smallest 10% of detached houses in Morden, based on EPC data. The below chart shows the distribution of detached houses by size in Morden, and where 23 THE DRIVE lies on this distribution: 3% of detached houses are smaller than 23 THE DRIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Morden.

23 THE DRIVE: Plot and Title Map

23 THE DRIVE sits on a plot of roughly 0.078 of an acre, or 315m². The below map shows the location of 23 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 23 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 23 THE DRIVE?

23 THE DRIVE is located in MORDEN, in the SM4 postcode district. The below map shows the position of No. 23 on THE DRIVE.