56, THE DRIVE, MORDEN, SM4 6DN - £400,000

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

56 THE DRIVE is a very small detached house of 74m², built sometime between 1930 and 1949. It was last sold for £400,000 in October 2015, which was around 71% below the average October 2015 detached price in the Merton local authority area. The most recent EPC inspection was October 2014, where the current energy rating was E, and the potential energy rating was C.

56 THE DRIVE Sold Prices

Land registry data shows two sales for 56 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 Merton local authority area for the corresponding sale date. Both of the two 56 THE 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
2015 1 OCT	£400,000	£1,362,847	71% below HPI
1999 5 JUL	£135,000	£344,015	61% below HPI

56 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Merton local authority area over time, sourced from the HPI. The two 56 THE DRIVE sales from July 1999 and October 2015 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 1999 sale was for 61% below the HPI. So the extrapolation line tracks at 61% below the HPI over time, until the October 2015 sale, where it falls to 71% below the HPI. The line then continues to track at 71% below the HPI.

How Large is 56 THE DRIVE?

56 THE DRIVE is 74m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 20% of detached houses in Morden, based on EPC data. The below chart shows the distribution of detached houses by size in Morden, and where 56 THE DRIVE lies on this distribution: 16% of detached houses are smaller than 56 THE DRIVE, and 83% of houses are larger. Note that EPC data is not available for all properties in Morden.

56 THE DRIVE: Plot and Title Map

56 THE DRIVE sits on a plot of roughly 0.051 of an acre, or 205m². The below map shows the location of 56 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 56 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 56 THE DRIVE?

56 THE DRIVE is located in MORDEN, in the SM4 postcode district. The below map shows the position of No. 56 on THE DRIVE.