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
51 DRAX AVENUE is a very large extended detached house of 328m², built sometime between 1900 and 1929. It was last sold for £3,300,000 in November 2021, which was around 100% above the average November 2021 detached price in the Merton local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was C.
Land registry data shows four sales for 51 DRAX AVENUE since 1st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Merton local authority area for the corresponding sale date. All of the four 51 DRAX 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 |
---|---|---|---|
2021 30 NOV | £3,300,000 | £1,652,360 | 100% above HPI |
2007 30 APR | £1,863,553 | £743,085 | 151% above HPI |
2001 5 JUL | £1,370,000 | £475,234 | 188% above HPI |
1997 21 MAY | £625,000 | £259,768 | 141% above HPI |
The below graph shows the average detached house price in the Merton local authority area over time, sourced from the HPI. The four 51 DRAX AVENUE sales between May 1997 and November 2021 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 April 2007 sale was for 151% above the HPI. So the extrapolation line tracks at 151% above the HPI over time, until the November 2021 sale, where it falls to 100% above the HPI. The line then continues to track at 100% above the HPI.
51 DRAX AVENUE is 328m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the largest 10% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 51 DRAX AVENUE lies on this distribution: 93% of detached houses are smaller than 51 DRAX AVENUE, and 7% of houses are larger. Note that EPC data is not available for all properties in London.
51 DRAX AVENUE sits on a plot of roughly 0.152 of an acre, or 616m². The below map shows the location of 51 DRAX 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 51 DRAX 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.
51 DRAX AVENUE is located in LONDON, in the SW20 postcode district. The below map shows the position of No. 51 on DRAX AVENUE.