28, GROVEWOOD CLOSE, CHORLEYWOOD, RICKMANSWORTH, WD3 5PX - £1,460,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

28 GROVEWOOD CLOSE is a large detached house of 235m², built sometime between 2007 and 2011, which could now be worth an estimated £1,401,166. It was last sold for £1,460,000 in October 2023, which was around 24% above the average October 2023 detached price in the Three Rivers local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was B.

28 GROVEWOOD CLOSE Sold Prices

Land registry data shows two sales for 28 GROVEWOOD 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 Three Rivers local authority area for the corresponding sale date. One of the two 28 GROVEWOOD CLOSE sales was for above the average price, whilst the other was 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
2023 27 OCT	£1,460,000	£1,173,280	24% above HPI
2005 22 MAR	£488,000	£545,710	11% below HPI

28 GROVEWOOD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Three Rivers local authority area over time, sourced from the HPI. The two 28 GROVEWOOD CLOSE sales from March 2005 and October 2023 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 2005 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the October 2023 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 28 GROVEWOOD CLOSE be worth now?

28 GROVEWOOD CLOSE might now be worth an estimated £1,401,166.

This is based on house price deflation of 4%, between October 2023 and February 2025, for detached houses, in the Three Rivers local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4% deflationary decrease is applied to the most recent sale price for 28 GROVEWOOD CLOSE of £1,460,000 on 27th October 2023. For the value to have decreased from £1,460,000 to £1,401,166 over the two years and eight months to February 2025, the following assumptions must hold true:

• The value of 28 GROVEWOOD CLOSE has moved in line with the HPI for detached houses in the Three Rivers local authority area.
• The October 2023 sale price of £1,460,000 represented a fair market value for the property.
• The size, condition, and specification of 28 GROVEWOOD CLOSE has not materially changed since October 2023.

How Large is 28 GROVEWOOD CLOSE?

28 GROVEWOOD CLOSE is 235m² according to the EPC inspection conducted in February 2023. This puts it in the largest 30% of detached houses houses in Chorleywood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chorleywood, and where 28 GROVEWOOD CLOSE lies on this distribution: 70% of detached houses houses are smaller than 28 GROVEWOOD CLOSE, and 30% of houses are larger. Note that EPC data is not available for all properties in Chorleywood.

28 GROVEWOOD CLOSE: Plot and Title Map

28 GROVEWOOD CLOSE sits on a plot of roughly 0.227 of an acre, or 917m². The below map shows the location of 28 GROVEWOOD 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 28 GROVEWOOD 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 28 GROVEWOOD CLOSE?

28 GROVEWOOD CLOSE is located in CHORLEYWOOD, in the WD3 postcode district. The below map shows the position of No. 28 on GROVEWOOD CLOSE.