53, RICHMOND DRIVE, WATFORD, WD17 3BQ - £475,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

53 RICHMOND DRIVE is a very small detached house of 70m², built sometime between 1950 and 1966. It was last sold for £475,000 in October 2011, which was around 3% below the average October 2011 detached price in the Watford local authority area. The most recent EPC inspection was January 2011, where the current energy rating was D, and the potential energy rating was C.

53 RICHMOND DRIVE Sold Prices

Land registry data shows three sales for 53 RICHMOND 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 Watford local authority area for the corresponding sale date. All of the three 53 RICHMOND 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
2011 18 OCT	£475,000	£491,311	3% below HPI
1998 30 OCT	£145,000	£195,546	26% below HPI
1997 3 JAN	£129,950	£144,427	10% below HPI

53 RICHMOND DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Watford local authority area over time, sourced from the HPI. The three 53 RICHMOND DRIVE sales between January 1997 and October 2011 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 1998 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the October 2011 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 53 RICHMOND DRIVE be worth now?

53 RICHMOND DRIVE might now be worth an estimated £857,690.

This is based on house price inflation of 80.6%, between October 2011 and December 2024, for detached houses, in the Watford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 80.6% inflationary increase is applied to the most recent sale price for 53 RICHMOND DRIVE of £475,000 on 18th October 2011. For the value to have increased from £475,000 to £857,690 over the twelve years and ten months to December 2024, the following assumptions must hold true:

• The value of 53 RICHMOND DRIVE has moved in line with the HPI for detached houses in the Watford local authority area.
• The October 2011 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 53 RICHMOND DRIVE has not materially changed since October 2011.

How Large is 53 RICHMOND DRIVE?

53 RICHMOND DRIVE is 70m² according to the EPC inspection conducted in January 2011. This puts it in the smallest 10% of detached houses houses in Watford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Watford, and where 53 RICHMOND DRIVE lies on this distribution: 4% of detached houses houses are smaller than 53 RICHMOND DRIVE, and 96% of houses are larger. Note that EPC data is not available for all properties in Watford.

53 RICHMOND DRIVE: Plot and Title Map

53 RICHMOND DRIVE sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of 53 RICHMOND 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 53 RICHMOND 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 53 RICHMOND DRIVE?

53 RICHMOND DRIVE is located in WATFORD, in the WD17 postcode district. The below map shows the position of No. 53 on RICHMOND DRIVE.