50, THE DRIVE, LONDON, E18 2BJ - £1,500,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

50 THE DRIVE is a very large extended detached house of 267m², built sometime between 1930 and 1949, which could now be worth an estimated £1,789,590. It was last sold for £1,500,000 in February 2018, which was around 62% above the average February 2018 detached price in the Redbridge local authority area. The most recent EPC inspection was August 2016, where the current energy rating was E, and the potential energy rating was B.

50 THE DRIVE Sold Prices

Land registry data shows two sales for 50 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 Redbridge local authority area for the corresponding sale date. Both of the two 50 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
2018 9 FEB	£1,500,000	£924,614	62% above HPI
1999 26 OCT	£395,000	£251,330	57% above HPI

50 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Redbridge local authority area over time, sourced from the HPI. The two 50 THE DRIVE sales from October 1999 and February 2018 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 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the February 2018 sale, where it rises to 62% above the HPI. The line then continues to track at 62% above the HPI.

What might 50 THE DRIVE be worth now?

50 THE DRIVE might now be worth an estimated £1,789,590.

This is based on house price inflation of 19.3%, between February 2018 and February 2025, for detached houses, in the Redbridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.3% inflationary increase is applied to the most recent sale price for 50 THE DRIVE of £1,500,000 on 9th February 2018. For the value to have increased from £1,500,000 to £1,789,590 over the seven years to February 2025, the following assumptions must hold true:

• The value of 50 THE DRIVE has moved in line with the HPI for detached houses in the Redbridge local authority area.
• The February 2018 sale price of £1,500,000 represented a fair market value for the property.
• The size, condition, and specification of 50 THE DRIVE has not materially changed since February 2018.

How Large is 50 THE DRIVE?

50 THE DRIVE is 267m², which includes one extension, according to the EPC inspection conducted in August 2016. This puts it in the largest 10% of detached houses houses in Woodford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Woodford, and where 50 THE DRIVE lies on this distribution: 90% of detached houses houses are smaller than 50 THE DRIVE, and 10% of houses are larger. Note that EPC data is not available for all properties in Woodford.

50 THE DRIVE: Plot and Title Map

50 THE DRIVE sits on a plot of roughly 0.225 of an acre, or 912m². The below map shows the location of 50 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 50 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 50 THE DRIVE?

50 THE DRIVE is located in LONDON, in the E18 postcode district. The below map shows the position of No. 50 on THE DRIVE.