38, NEW ROAD, SHENLEY, RADLETT, WD7 9EA - £597,000

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

38 NEW ROAD is a large extended detached house of 138m², built sometime between 1900 and 1929. It was last sold for £597,000 in September 2014, which was around 23% below the average September 2014 detached price in the Hertsmere local authority area. The most recent EPC inspection was June 2014, where the current energy rating was E, and the potential energy rating was C.

38 NEW ROAD Sold Prices

Land registry data shows four sales for 38 NEW ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Hertsmere local authority area for the corresponding sale date. All of the four 38 NEW 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
2014 29 SEP	£597,000	£774,389	23% below HPI
2006 8 SEP	£430,000	£510,705	16% below HPI
1998 10 JUN	£226,500	£231,673	2% below HPI
1997 1 MAY	£20,000	£202,569	90% below HPI

38 NEW 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 four 38 NEW ROAD sales between May 1997 and September 2014 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 2006 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the September 2014 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 38 NEW ROAD?

38 NEW ROAD is 138m², which includes two extensions, according to the EPC inspection conducted in June 2014. This puts it in the largest 40% of detached houses in Shenley, based on EPC data. The below chart shows the distribution of detached houses by size in Shenley, and where 38 NEW ROAD lies on this distribution: 68% of detached houses are smaller than 38 NEW ROAD, and 32% of houses are larger. Note that EPC data is not available for all properties in Shenley.

38 NEW ROAD: Plot and Title Map

38 NEW ROAD sits on a plot of roughly 0.053 of an acre, or 214m². The below map shows the location of 38 NEW 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 38 NEW 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 38 NEW ROAD?

38 NEW ROAD is located in SHENLEY, in the WD7 postcode district. The below map shows the position of No. 38 on NEW ROAD.