48, THE DRIVE, RICKMANSWORTH, WD3 4EB - £1,775,000

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

48 THE DRIVE is a very large extended detached house of 298m², built sometime between 1983 and 1990, which could now be worth an estimated £1,968,904. It was last sold for £1,775,000 in October 2019, which was around 72% above the average October 2019 detached price in the Three Rivers local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was C.

48 THE DRIVE Sold Prices

Land registry data shows three sales for 48 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 Three Rivers local authority area for the corresponding sale date. All of the three 48 THE DRIVE sales were for above 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 4 OCT	£1,775,000	£1,034,130	72% above HPI
2006 5 JUL	£1,085,000	£579,213	87% above HPI
2003 2 DEC	£985,000	£503,198	96% above HPI

48 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Three Rivers local authority area over time, sourced from the HPI. The three 48 THE DRIVE sales between December 2003 and October 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 July 2006 sale was for 87% above the HPI. So the extrapolation line tracks at 87% above the HPI over time, until the October 2019 sale, where it falls to 72% above the HPI. The line then continues to track at 72% above the HPI.

What might 48 THE DRIVE be worth now?

48 THE DRIVE might now be worth an estimated £1,968,904.

This is based on house price inflation of 10.9%, between October 2019 and December 2024, for detached houses, in the Three Rivers local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.9% inflationary increase is applied to the most recent sale price for 48 THE DRIVE of £1,775,000 on 4th October 2019. For the value to have increased from £1,775,000 to £1,968,904 over the four years and ten months to December 2024, the following assumptions must hold true:

• The value of 48 THE DRIVE has moved in line with the HPI for detached houses in the Three Rivers local authority area.
• The October 2019 sale price of £1,775,000 represented a fair market value for the property.
• The size, condition, and specification of 48 THE DRIVE has not materially changed since October 2019.

How Large is 48 THE DRIVE?

48 THE DRIVE is 298m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the largest 20% of detached houses houses in Chorleywood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chorleywood, and where 48 THE DRIVE lies on this distribution: 85% of detached houses houses are smaller than 48 THE DRIVE, and 15% of houses are larger. Note that EPC data is not available for all properties in Chorleywood.

48 THE DRIVE: Plot and Title Map

48 THE DRIVE sits on a plot of roughly 0.283 of an acre, or 1,146m². 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 RICKMANSWORTH, in the WD3 postcode district. The below map shows the position of No. 48 on THE DRIVE.