25, THE DRIVE, MORDEN, SM4 6DH - £232,500

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

25 THE DRIVE is a small extended detached house of 82m², built sometime between 1930 and 1949. It was last sold for £232,500 in February 2004, which was around 61% below the average February 2004 detached price in the Merton local authority area. The most recent EPC inspection was December 2017, where the current energy rating was D, and the potential energy rating was B.

25 THE DRIVE Sold Prices

Land registry data shows two sales for 25 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 Merton local authority area for the corresponding sale date. Both of the two 25 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
2004 19 FEB	£232,500	£598,915	61% below HPI
2000 21 JUL	£145,000	£449,759	68% below HPI

25 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 two 25 THE DRIVE sales from July 2000 and February 2004 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 July 2000 sale was for 68% below the HPI. So the extrapolation line tracks at 68% below the HPI over time, until the February 2004 sale, where it rises to 61% below the HPI. The line then continues to track at 61% below the HPI.

How Large is 25 THE DRIVE?

25 THE DRIVE is 82m², which includes one extension, according to the EPC inspection conducted in December 2017. This puts it in the smallest 30% of detached houses in Morden, based on EPC data. The below chart shows the distribution of detached houses by size in Morden, and where 25 THE DRIVE lies on this distribution: 23% of detached houses are smaller than 25 THE DRIVE, and 77% of houses are larger. Note that EPC data is not available for all properties in Morden.

25 THE DRIVE: Plot and Title Map

25 THE DRIVE sits on a plot of roughly 0.082 of an acre, or 332m². The below map shows the location of 25 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 25 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 25 THE DRIVE?

25 THE DRIVE is located in MORDEN, in the SM4 postcode district. The below map shows the position of No. 25 on THE DRIVE.