48, PARK ROAD, WATFORD, WD17 4QN - £922,000

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.

48 PARK ROAD is a very large detached house of 211m², built sometime between 1991 and 1995, which could now be worth an estimated £1,061,668. It was last sold for £922,000 in May 2019, which was around 19% above the average May 2019 detached price in the Watford local authority area. The most recent EPC inspection was February 2011, where the current energy rating was D, and the potential energy rating was C.

48 PARK ROAD Sold Prices

Land registry data shows two sales for 48 PARK 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. One of the two 48 PARK ROAD sales was for above the average price, whilst the other was 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
2019 13 MAY	£922,000	£775,517	19% above HPI
1999 14 SEP	£179,633	£218,150	18% below HPI

48 PARK 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 48 PARK ROAD sales from September 1999 and May 2019 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 September 1999 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the May 2019 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 48 PARK ROAD be worth now?

48 PARK ROAD might now be worth an estimated £1,061,668.

This is based on house price inflation of 15.1%, between May 2019 and February 2025, 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 15.1% inflationary increase is applied to the most recent sale price for 48 PARK ROAD of £922,000 on 13th May 2019. For the value to have increased from £922,000 to £1,061,668 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 48 PARK ROAD has moved in line with the HPI for detached houses in the Watford local authority area.
• The May 2019 sale price of £922,000 represented a fair market value for the property.
• The size, condition, and specification of 48 PARK ROAD has not materially changed since May 2019.

How Large is 48 PARK ROAD?

48 PARK ROAD is 211m² according to the EPC inspection conducted in February 2011. This puts it in the largest 20% 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 48 PARK ROAD lies on this distribution: 88% of detached houses houses are smaller than 48 PARK ROAD, and 12% of houses are larger. Note that EPC data is not available for all properties in Watford.

48 PARK ROAD: Plot and Title Map

48 PARK ROAD sits on a plot of roughly 0.235 of an acre, or 951m². The below map shows the location of 48 PARK 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 48 PARK 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 48 PARK ROAD?

48 PARK ROAD is located in WATFORD, in the WD17 postcode district. The below map shows the position of No. 48 on PARK ROAD.