3, REDHEATH CLOSE, WATFORD, WD25 7AH - £470,000

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

3 REDHEATH CLOSE is a very small extended detached house of 73m², built sometime between 1950 and 1966. It was last sold for £470,000 in April 2021, which was around 45% below the average April 2021 detached price in the Watford local authority area. The most recent EPC inspection was December 2020, where the current energy rating was D, and the potential energy rating was B.

3 REDHEATH CLOSE Sold Prices

Land registry data shows two sales for 3 REDHEATH 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 Watford local authority area for the corresponding sale date. Both of the two 3 REDHEATH 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
2021 1 APR	£470,000	£852,430	45% below HPI
2000 20 APR	£165,000	£267,362	38% below HPI

3 REDHEATH CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Watford local authority area over time, sourced from the HPI. The two 3 REDHEATH CLOSE sales from April 2000 and April 2021 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 April 2000 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the April 2021 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 3 REDHEATH CLOSE?

3 REDHEATH CLOSE is 73m², which includes one extension, according to the EPC inspection conducted in December 2020. This puts it in the smallest 10% of detached houses in Watford, based on EPC data. The below chart shows the distribution of detached houses by size in Watford, and where 3 REDHEATH CLOSE lies on this distribution: 5% of detached houses are smaller than 3 REDHEATH CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Watford.

3 REDHEATH CLOSE: Plot and Title Map

3 REDHEATH CLOSE sits on a plot of roughly 0.088 of an acre, or 357m². The below map shows the location of 3 REDHEATH 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 REDHEATH 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 REDHEATH CLOSE?

3 REDHEATH CLOSE is located in WATFORD, in the WD25 postcode district. The below map shows the position of No. 3 on REDHEATH CLOSE.