31, MELBOURNE ROAD, BUSHEY, WD23 3LL - £815,000

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

31 MELBOURNE ROAD is a large detached house of 188m², built sometime between 1950 and 1966. It was last sold for £815,000 in September 2020, which was around 17% below the average September 2020 detached price in the Hertsmere local authority area. The most recent EPC inspection was July 2018, where the current energy rating was E, and the potential energy rating was C.

31 MELBOURNE ROAD Sold Prices

Land registry data shows two sales for 31 MELBOURNE ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Hertsmere local authority area for the corresponding sale date. Both of the two 31 MELBOURNE ROAD 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
2020 25 SEP	£815,000	£977,028	17% below HPI
1997 8 APR	£159,000	£198,817	20% below HPI

31 MELBOURNE ROAD 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 two 31 MELBOURNE ROAD sales from April 1997 and September 2020 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 1997 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the September 2020 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 31 MELBOURNE ROAD?

31 MELBOURNE ROAD is 188m² according to the EPC inspection conducted in July 2018. This puts it in the largest 30% of detached houses in Bushey, based on EPC data. The below chart shows the distribution of detached houses by size in Bushey, and where 31 MELBOURNE ROAD lies on this distribution: 72% of detached houses are smaller than 31 MELBOURNE ROAD, and 28% of houses are larger. Note that EPC data is not available for all properties in Bushey.

31 MELBOURNE ROAD: Plot and Title Map

31 MELBOURNE ROAD sits on a plot of roughly 0.257 of an acre, or 1,042m². The below map shows the location of 31 MELBOURNE ROAD, 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 MELBOURNE ROAD). 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 MELBOURNE ROAD?

31 MELBOURNE ROAD is located in BUSHEY, in the WD23 postcode district. The below map shows the position of No. 31 on MELBOURNE ROAD.