31, GROVEWOOD CLOSE, CHORLEYWOOD, RICKMANSWORTH, WD3 5PX - £1,390,000

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.

31 GROVEWOOD CLOSE is a midsized extended detached house of 209m², built sometime between 1900 and 1929, which could now be worth an estimated £1,447,943. It was last sold for £1,390,000 in October 2017, which was around 29% above the average October 2017 detached price in the Three Rivers local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was D.

31 GROVEWOOD CLOSE Sold Prices

Land registry data shows three sales for 31 GROVEWOOD 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 Three Rivers local authority area for the corresponding sale date. All of the three 31 GROVEWOOD CLOSE sales were for above 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
2017 27 OCT	£1,390,000	£1,080,940	29% above HPI
2012 13 SEP	£1,000,000	£688,075	45% above HPI
2007 30 AUG	£735,000	£657,671	12% above HPI

31 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 three 31 GROVEWOOD CLOSE sales between August 2007 and October 2017 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 2012 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the October 2017 sale, where it falls to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 31 GROVEWOOD CLOSE be worth now?

31 GROVEWOOD CLOSE might now be worth an estimated £1,447,943.

This is based on house price inflation of 4.2%, between October 2017 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 4.2% inflationary increase is applied to the most recent sale price for 31 GROVEWOOD CLOSE of £1,390,000 on 27th October 2017. For the value to have increased from £1,390,000 to £1,447,943 over the eight years and eight months to February 2025, the following assumptions must hold true:

• The value of 31 GROVEWOOD CLOSE has moved in line with the HPI for detached houses in the Three Rivers local authority area.
• The October 2017 sale price of £1,390,000 represented a fair market value for the property.
• The size, condition, and specification of 31 GROVEWOOD CLOSE has not materially changed since October 2017.

How Large is 31 GROVEWOOD CLOSE?

31 GROVEWOOD CLOSE is 209m², which includes four extensions, according to the EPC inspection conducted in March 2012. This puts it in the largest 50% 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 31 GROVEWOOD CLOSE lies on this distribution: 60% of detached houses houses are smaller than 31 GROVEWOOD CLOSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Chorleywood.

31 GROVEWOOD CLOSE: Plot and Title Map

31 GROVEWOOD CLOSE sits on a plot of roughly 0.233 of an acre, or 943m². The below map shows the location of 31 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 31 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 31 GROVEWOOD CLOSE?

31 GROVEWOOD CLOSE is located in CHORLEYWOOD, in the WD3 postcode district. The below map shows the position of No. 31 on GROVEWOOD CLOSE.