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
24 WESSEX AVENUE is a midsized extended detached house of 162m², built sometime between 1930 and 1949. It was last sold for £1,100,000 in April 2024, which was around 32% below the average April 2024 detached price in the Merton local authority area. The most recent EPC inspection was July 2023, where the current energy rating was D, and the potential energy rating was B.
Land registry data shows four sales for 24 WESSEX AVENUE since 1st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Merton local authority area for the corresponding sale date. All of the four 24 WESSEX AVENUE 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 |
---|---|---|---|
2024 18 APR | £1,100,000 | £1,616,852 | 32% below HPI |
2001 30 MAR | £312,000 | £463,613 | 33% below HPI |
1999 15 OCT | £275,000 | £374,935 | 27% below HPI |
1999 19 APR | £160,000 | £329,905 | 52% below HPI |
The below graph shows the average detached house price in the Merton local authority area over time, sourced from the HPI. The four 24 WESSEX AVENUE sales between April 1999 and April 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 March 2001 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the April 2024 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.
24 WESSEX AVENUE is 162m², which includes two extensions, according to the EPC inspection conducted in July 2023. This puts it in the largest 40% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 24 WESSEX AVENUE lies on this distribution: 60% of detached houses are smaller than 24 WESSEX AVENUE, and 40% of houses are larger. Note that EPC data is not available for all properties in London.
24 WESSEX AVENUE sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 24 WESSEX AVENUE, 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 24 WESSEX AVENUE). 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.
24 WESSEX AVENUE is located in LONDON, in the SW19 postcode district. The below map shows the position of No. 24 on WESSEX AVENUE.