38, NEEDHAM TERRACE, LONDON, NW2 6QL - £585,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

38 NEEDHAM TERRACE is a very small detached house of 73m², built sometime between 1950 and 1966. It was last sold for £585,000 in May 2017, which was around 53% below the average May 2017 detached price in the Barnet local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

38 NEEDHAM TERRACE Sold Prices

Land registry data shows four sales for 38 NEEDHAM TERRACE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Barnet local authority area for the corresponding sale date. All of the four 38 NEEDHAM TERRACE 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
2017 23 MAY	£585,000	£1,240,247	53% below HPI
2012 17 AUG	£403,000	£845,823	52% below HPI
2004 14 MAY	£282,000	£583,339	52% below HPI
1999 3 AUG	£170,000	£339,467	50% below HPI

38 NEEDHAM TERRACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Barnet local authority area over time, sourced from the HPI. The four 38 NEEDHAM TERRACE sales between August 1999 and May 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 August 2012 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the May 2017 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 38 NEEDHAM TERRACE?

38 NEEDHAM TERRACE is 73m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 10% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 38 NEEDHAM TERRACE lies on this distribution: 5% of detached houses are smaller than 38 NEEDHAM TERRACE, and 95% of houses are larger. Note that EPC data is not available for all properties in London.

38 NEEDHAM TERRACE: Plot and Title Map

38 NEEDHAM TERRACE sits on a plot of roughly 0.017 of an acre, or 70m². The below map shows the location of 38 NEEDHAM TERRACE, 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 38 NEEDHAM TERRACE). 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 38 NEEDHAM TERRACE?

38 NEEDHAM TERRACE is located in LONDON, in the NW2 postcode district. The below map shows the position of No. 38 on NEEDHAM TERRACE.