4A, THE DRIVE, WELWYN, AL6 0TR - £450,000

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

4A THE DRIVE is a very small detached house of 80m², built sometime between 1967 and 1975. It was last sold for £450,000 in April 2012, which was around 15% below the average April 2012 detached price in the Welwyn Hatfield local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

4A THE DRIVE Sold Prices

Land registry data shows three sales for 4A 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 Welwyn Hatfield local authority area for the corresponding sale date. All of the three 4A 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
2012 25 APR	£450,000	£529,572	15% below HPI
2000 11 MAY	£180,000	£285,060	37% below HPI
1995 29 SEP	£157,950	£162,389	3% below HPI

4A THE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Welwyn Hatfield local authority area over time, sourced from the HPI. The three 4A THE DRIVE sales between September 1995 and April 2012 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 May 2000 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the April 2012 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 4A THE DRIVE?

4A THE DRIVE is 80m² according to the EPC inspection conducted in March 2011. This puts it in the smallest 10% of detached houses in Oaklands, based on EPC data. The below chart shows the distribution of detached houses by size in Oaklands, and where 4A THE DRIVE lies on this distribution: 3% of detached houses are smaller than 4A THE DRIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Oaklands.

4A THE DRIVE: Plot and Title Map

4A THE DRIVE sits on a plot of roughly 0.186 of an acre, or 752m². The below map shows the location of 4A 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 4A 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 4A THE DRIVE?

4A THE DRIVE is located in WELWYN, in the AL6 postcode district. The below map shows the position of No. 4A on THE DRIVE.