5, PARK AVENUE, RADLETT, WD7 7EA - £1,625,000

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 PARK AVENUE is a small extended detached house of 186m², built sometime between 1967 and 1975. It was last sold for £1,625,000 in June 2023, which was around 47% above the average June 2023 detached price in the Hertsmere local authority area. The most recent EPC inspection was July 2022, where the current energy rating was E, and the potential energy rating was C.

5 PARK AVENUE Sold Prices

Land registry data shows two sales for 5 PARK AVENUE 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 5 PARK AVENUE 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
2023 30 JUN	£1,625,000	£1,101,700	47% above HPI
2016 29 JUL	£1,250,000	£951,020	31% above HPI

5 PARK AVENUE 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 5 PARK AVENUE sales from July 2016 and June 2023 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 2016 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the June 2023 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

How Large is 5 PARK AVENUE?

5 PARK AVENUE is 186m², which includes two extensions, according to the EPC inspection conducted in July 2022. This puts it in the smallest 40% of detached houses in Radlett, based on EPC data. The below chart shows the distribution of detached houses by size in Radlett, and where 5 PARK AVENUE lies on this distribution: 38% of detached houses are smaller than 5 PARK AVENUE, and 61% of houses are larger. Note that EPC data is not available for all properties in Radlett.

5 PARK AVENUE: Plot and Title Map

5 PARK AVENUE sits on a plot of roughly 0.311 of an acre, or 1,257m². The below map shows the location of 5 PARK AVENUE, 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 PARK AVENUE). 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 PARK AVENUE?

5 PARK AVENUE is located in RADLETT, in the WD7 postcode district. The below map shows the position of No. 5 on PARK AVENUE.