42, THE DRIVE, MORDEN, SM4 6DJ - £365,000

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

42 THE DRIVE is a large extended detached house of 106m², built sometime between 1930 and 1949. It was last sold for £365,000 in July 2009, which was around 47% below the average July 2009 detached price in the Merton local authority area. The most recent EPC inspection was March 2009, where the current energy rating was E, and the potential energy rating was D.

42 THE DRIVE Sold Prices

Land registry data shows three sales for 42 THE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Merton local authority area for the corresponding sale date. All of the three 42 THE DRIVE 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
2009 17 JUL	£365,000	£693,913	47% below HPI
2007 19 JUL	£415,000	£778,731	47% below HPI
1996 12 FEB	£90,000	£218,049	59% below HPI

42 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Merton local authority area over time, sourced from the HPI. The three 42 THE DRIVE sales between February 1996 and July 2009 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 July 2007 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the July 2009 sale, which was also at 47% below the HPI.

How Large is 42 THE DRIVE?

42 THE DRIVE is 106m², which includes one extension, according to the EPC inspection conducted in March 2009. This puts it in the largest 40% of detached houses in Morden, based on EPC data. The below chart shows the distribution of detached houses by size in Morden, and where 42 THE DRIVE lies on this distribution: 66% of detached houses are smaller than 42 THE DRIVE, and 34% of houses are larger. Note that EPC data is not available for all properties in Morden.

42 THE DRIVE: Plot and Title Map

42 THE DRIVE sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 42 THE 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 42 THE 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 42 THE DRIVE?

42 THE DRIVE is located in MORDEN, in the SM4 postcode district. The below map shows the position of No. 42 on THE DRIVE.