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
40 FORTY LANE is a large extended detached house of 189m², built sometime between 1930 and 1949. It was last sold for £870,000 in January 2020, which was around 8% below the average January 2020 detached price in the Brent local authority area. The most recent EPC inspection was August 2012, where the current energy rating was E, and the potential energy rating was C.
Land registry data shows two sales for 40 FORTY LANE since 1st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Brent local authority area for the corresponding sale date. One of the two 40 FORTY LANE 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 10 JAN | £870,000 | £940,814 | 8% below HPI |
2013 23 AUG | £830,000 | £741,383 | 12% above HPI |
The below graph shows the average detached house price in the Brent local authority area over time, sourced from the HPI. The two 40 FORTY LANE sales from August 2013 and January 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 August 2013 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the January 2020 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.
40 FORTY LANE is 189m², which includes two extensions, according to the EPC inspection conducted in August 2012. This puts it in the largest 30% of detached houses in Wembley, based on EPC data. The below chart shows the distribution of detached houses by size in Wembley, and where 40 FORTY LANE lies on this distribution: 79% of detached houses are smaller than 40 FORTY LANE, and 20% of houses are larger. Note that EPC data is not available for all properties in Wembley.
40 FORTY LANE sits on a plot of roughly 0.189 of an acre, or 763m². The below map shows the location of 40 FORTY LANE, 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 40 FORTY LANE). 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.
40 FORTY LANE is located in WEMBLEY, in the HA9 postcode district. The below map shows the position of No. 40 on FORTY LANE.