47A, MELBOURNE ROAD, BUSHEY, WD23 3LT - £417,500

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

47A MELBOURNE ROAD is a very small semi-detached house of 82m², built sometime from 2012 onwards. It was last sold for £417,500 in January 2014, which was around 39% below the average January 2014 detached price in the Hertsmere local authority area. The most recent EPC inspection was January 2024, where the current energy rating was C, and the potential energy rating was B.

47A MELBOURNE ROAD Sold Prices

Land registry data shows two sales for 47A MELBOURNE 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 Hertsmere local authority area for the corresponding sale date. Both of the two 47A MELBOURNE 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 17 JAN	£417,500	£680,807	39% below HPI
2007 10 AUG	£355,000	£578,052	39% below HPI

47A MELBOURNE 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 two 47A MELBOURNE ROAD sales from August 2007 and January 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 August 2007 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the January 2014 sale, which was also at 39% below the HPI.

How Large is 47A MELBOURNE ROAD?

47A MELBOURNE ROAD is 82m² according to the EPC inspection conducted in January 2024. This puts it in the smallest 10% of detached houses in Bushey, based on EPC data. The below chart shows the distribution of detached houses by size in Bushey, and where 47A MELBOURNE ROAD lies on this distribution: 3% of detached houses are smaller than 47A MELBOURNE ROAD, and 96% of houses are larger. Note that EPC data is not available for all properties in Bushey.

47A MELBOURNE ROAD: Plot and Title Map

47A MELBOURNE ROAD sits on a plot of roughly 0.052 of an acre, or 211m². The below map shows the location of 47A MELBOURNE 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 47A MELBOURNE 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 47A MELBOURNE ROAD?

47A MELBOURNE ROAD is located in BUSHEY, in the WD23 postcode district. The below map shows the position of No. 47A on MELBOURNE ROAD.