3, MALVERN CLOSE, BUSHEY, WD23 4PU - £875,000

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

3 MALVERN CLOSE is a midsized extended detached house of 144m², built sometime between 1996 and 2002, which could now be worth an estimated £813,372. It was last sold for £875,000 in January 2023, which was around 29% below the average January 2023 detached price in the Hertsmere local authority area. The most recent EPC inspection was October 2021, where the current energy rating was C, and the potential energy rating was B.

3 MALVERN CLOSE Sold Prices

Land registry data shows three sales for 3 MALVERN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Hertsmere local authority area for the corresponding sale date. All of the three 3 MALVERN CLOSE 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
2023 4 JAN	£875,000	£1,234,810	29% below HPI
2004 30 SEP	£383,000	£548,922	30% below HPI
1997 28 FEB	£185,000	£206,706	11% below HPI

3 MALVERN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hertsmere local authority area over time, sourced from the HPI. The three 3 MALVERN CLOSE sales between February 1997 and January 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 September 2004 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the January 2023 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 3 MALVERN CLOSE be worth now?

3 MALVERN CLOSE might now be worth an estimated £813,372.

This is based on house price deflation of 7%, between January 2023 and December 2024, for detached houses, in the Hertsmere local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7% deflationary decrease is applied to the most recent sale price for 3 MALVERN CLOSE of £875,000 on 4th January 2023. For the value to have decreased from £875,000 to £813,372 over the one month to December 2024, the following assumptions must hold true:

• The value of 3 MALVERN CLOSE has moved in line with the HPI for detached houses in the Hertsmere local authority area.
• The January 2023 sale price of £875,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MALVERN CLOSE has not materially changed since January 2023.

How Large is 3 MALVERN CLOSE?

3 MALVERN CLOSE is 144m², which includes two extensions, according to the EPC inspection conducted in October 2021. This puts it in the smallest 50% of detached houses houses in Bushey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bushey, and where 3 MALVERN CLOSE lies on this distribution: 44% of detached houses houses are smaller than 3 MALVERN CLOSE, and 55% of houses are larger. Note that EPC data is not available for all properties in Bushey.

3 MALVERN CLOSE: Plot and Title Map

3 MALVERN CLOSE sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 3 MALVERN 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 3 MALVERN 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 3 MALVERN CLOSE?

3 MALVERN CLOSE is located in BUSHEY, in the WD23 postcode district. The below map shows the position of No. 3 on MALVERN CLOSE.