3, MILLWAY, LONDON, NW7 3QR - £770,000

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 MILLWAY is a very small extended semi-detached house of 96m², built sometime between 1930 and 1949. It was last sold for £770,000 in January 2022, which was around 9% below the average January 2022 semi-detached price in the Barnet local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was B.

3 MILLWAY Sold Prices

Land registry data shows four sales for 3 MILLWAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Barnet local authority area for the corresponding sale date. All of the four 3 MILLWAY 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 12 JAN	£770,000	£845,644	9% below HPI
2012 30 NOV	£425,000	£503,780	16% below HPI
2006 17 NOV	£375,000	£396,649	5% below HPI
2006 14 AUG	£300,500	£390,091	23% below HPI

3 MILLWAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Barnet local authority area over time, sourced from the HPI. The four 3 MILLWAY sales between August 2006 and January 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 November 2012 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the January 2022 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 3 MILLWAY be worth now?

3 MILLWAY might now be worth an estimated £760,679.

This is based on house price deflation of 1.2%, between January 2022 and December 2024, for semi-detached houses, in the Barnet local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.2% deflationary decrease is applied to the most recent sale price for 3 MILLWAY of £770,000 on 12th January 2022. For the value to have decreased from £770,000 to £760,679 over the one year and one month to December 2024, the following assumptions must hold true:

• The value of 3 MILLWAY has moved in line with the HPI for semi-detached houses in the Barnet local authority area.
• The January 2022 sale price of £770,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MILLWAY has not materially changed since January 2022.

How Large is 3 MILLWAY?

3 MILLWAY is 96m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the smallest 20% of semi-detached houses houses in London, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in London, and where 3 MILLWAY lies on this distribution: 17% of semi-detached houses houses are smaller than 3 MILLWAY, and 83% of houses are larger. Note that EPC data is not available for all properties in London.

3 MILLWAY: Plot and Title Map

3 MILLWAY sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 3 MILLWAY, 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 MILLWAY). 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 MILLWAY?

3 MILLWAY is located in LONDON, in the NW7 postcode district. The below map shows the position of No. 3 on MILLWAY.