43, DERBY ROAD, WATFORD, WD17 2LZ - £550,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

43 DERBY ROAD is a small detached house of 109m², built sometime between 1930 and 1949. It was last sold for £550,000 in December 2021, which was around 39% below the average December 2021 detached price in the Watford local authority area. The most recent EPC inspection was June 2020, where the current energy rating was E, and the potential energy rating was C.

43 DERBY ROAD Sold Prices

Land registry data shows two sales for 43 DERBY ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Watford local authority area for the corresponding sale date. Both of the two 43 DERBY 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
2021 7 DEC	£550,000	£901,028	39% below HPI
2002 12 JUL	£215,000	£319,467	33% below HPI

43 DERBY ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Watford local authority area over time, sourced from the HPI. The two 43 DERBY ROAD sales from July 2002 and December 2021 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 2002 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the December 2021 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 43 DERBY ROAD be worth now?

43 DERBY ROAD might now be worth an estimated £541,524.

This is based on house price deflation of 1.5%, between December 2021 and December 2024, for detached houses, in the Watford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.5% deflationary decrease is applied to the most recent sale price for 43 DERBY ROAD of £550,000 on 7th December 2021. For the value to have decreased from £550,000 to £541,524 over the three years to December 2024, the following assumptions must hold true:

• The value of 43 DERBY ROAD has moved in line with the HPI for detached houses in the Watford local authority area.
• The December 2021 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 43 DERBY ROAD has not materially changed since December 2021.

How Large is 43 DERBY ROAD?

43 DERBY ROAD is 109m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 30% of detached houses houses in Watford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Watford, and where 43 DERBY ROAD lies on this distribution: 25% of detached houses houses are smaller than 43 DERBY ROAD, and 74% of houses are larger. Note that EPC data is not available for all properties in Watford.

43 DERBY ROAD: Plot and Title Map

43 DERBY ROAD sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of 43 DERBY 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 43 DERBY 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 43 DERBY ROAD?

43 DERBY ROAD is located in WATFORD, in the WD17 postcode district. The below map shows the position of No. 43 on DERBY ROAD.