5, FORTY LANE, WEMBLEY, HA9 9EA - £425,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 FORTY LANE is a small detached house of 111m², built sometime between 1930 and 1949. It was last sold for £425,000 in October 2020, which was around 64% below the average October 2020 detached price in the Brent local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was B.

5 FORTY LANE Sold Prices

Land registry data shows two sales for 5 FORTY LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Brent local authority area for the corresponding sale date. Both of the two 5 FORTY LANE 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 5 OCT	£425,000	£1,170,249	64% below HPI
1998 22 JUN	£145,000	£221,421	35% below HPI

5 FORTY LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Brent local authority area over time, sourced from the HPI. The two 5 FORTY LANE sales from June 1998 and October 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 June 1998 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the October 2020 sale, where it falls to 64% below the HPI. The line then continues to track at 64% below the HPI.

How Large is 5 FORTY LANE?

5 FORTY LANE is 111m² according to the EPC inspection conducted in July 2019. This puts it in the smallest 30% of detached houses in Wembley, based on EPC data. The below chart shows the distribution of detached houses by size in Wembley, and where 5 FORTY LANE lies on this distribution: 23% of detached houses are smaller than 5 FORTY LANE, and 76% of houses are larger. Note that EPC data is not available for all properties in Wembley.

5 FORTY LANE: Plot and Title Map

5 FORTY LANE sits on a plot of roughly 0.120 of an acre, or 487m². The below map shows the location of 5 FORTY LANE, 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 5 FORTY LANE). 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 5 FORTY LANE?

5 FORTY LANE is located in WEMBLEY, in the HA9 postcode district. The below map shows the position of No. 5 on FORTY LANE.