48, THE DRIVE, POTTERS BAR, EN6 2AR - £545,000

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

48 THE DRIVE is a small extended detached house of 103m², built sometime between 1930 and 1949. It was last sold for £545,000 in January 2020, which was around 43% below the average January 2020 detached price in the Hertsmere local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was B.

48 THE DRIVE Sold Prices

Land registry data shows two sales for 48 THE DRIVE 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 48 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
2020 15 JAN	£545,000	£949,471	43% below HPI
1999 27 OCT	£214,000	£277,656	23% below HPI

48 THE DRIVE 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 48 THE DRIVE sales from October 1999 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 October 1999 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the January 2020 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 48 THE DRIVE?

48 THE DRIVE is 103m², which includes one extension, according to the EPC inspection conducted in June 2019. This puts it in the smallest 40% of detached houses in Potters Bar, based on EPC data. The below chart shows the distribution of detached houses by size in Potters Bar, and where 48 THE DRIVE lies on this distribution: 32% of detached houses are smaller than 48 THE DRIVE, and 68% of houses are larger. Note that EPC data is not available for all properties in Potters Bar.

48 THE DRIVE: Plot and Title Map

48 THE DRIVE sits on a plot of roughly 0.109 of an acre, or 439m². The below map shows the location of 48 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 48 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 48 THE DRIVE?

48 THE DRIVE is located in POTTERS BAR, in the EN6 postcode district. The below map shows the position of No. 48 on THE DRIVE.