4, PARK DRIVE, VERWOOD, BH31 7PE - £423,135

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.

4 PARK DRIVE is a large extended detached house of 119m², built sometime between 1950 and 1966, which could now be worth an estimated £508,256. It was last sold for £423,135 in September 2020, which was around 4% below the average September 2020 detached price in the Dorset local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was B.

4 PARK DRIVE Sold Prices

Land registry data shows two sales for 4 PARK DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. One of the two 4 PARK DRIVE sales was for below the average price, whilst the other was 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
2020 22 SEP	£423,135	£440,766	4% below HPI
2002 22 NOV	£276,000	£244,040	13% above HPI

4 PARK DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dorset local authority area over time, sourced from the HPI. The two 4 PARK DRIVE sales from November 2002 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 November 2002 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the September 2020 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 4 PARK DRIVE be worth now?

4 PARK DRIVE might now be worth an estimated £508,256.

This is based on house price inflation of 20.1%, between September 2020 and March 2025, for detached houses, in the Dorset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.1% inflationary increase is applied to the most recent sale price for 4 PARK DRIVE of £423,135 on 22nd September 2020. For the value to have increased from £423,135 to £508,256 over the five years and six months to March 2025, the following assumptions must hold true:

• The value of 4 PARK DRIVE has moved in line with the HPI for detached houses in the Dorset local authority area.
• The September 2020 sale price of £423,135 represented a fair market value for the property.
• The size, condition, and specification of 4 PARK DRIVE has not materially changed since September 2020.

How Large is 4 PARK DRIVE?

4 PARK DRIVE is 119m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the largest 40% of detached houses houses in Verwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Verwood, and where 4 PARK DRIVE lies on this distribution: 60% of detached houses houses are smaller than 4 PARK DRIVE, and 39% of houses are larger. Note that EPC data is not available for all properties in Verwood.

4 PARK DRIVE: Plot and Title Map

4 PARK DRIVE sits on a plot of roughly 0.237 of an acre, or 960m². The below map shows the location of 4 PARK DRIVE, 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 4 PARK DRIVE). 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 4 PARK DRIVE?

4 PARK DRIVE is located in VERWOOD, in the BH31 postcode district. The below map shows the position of No. 4 on PARK DRIVE.