7, HAY DRIVE, MITCHAM, CR4 3GS - £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

7 HAY DRIVE is a very small detached house of 66m², which could now be worth an estimated £440,375. It was last sold for £475,000 in November 2022, which was around 79% below the average November 2022 detached price in the Merton local authority area. The most recent EPC inspection was June 2014, where the current energy rating was B, and the potential energy rating was B.

7 HAY DRIVE Sold Prices

Land registry data shows three sales for 7 HAY 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 Merton local authority area for the corresponding sale date. All of the three 7 HAY 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
2022 25 NOV	£475,000	£2,264,900	79% below HPI
2016 21 DEC	£390,000	£1,797,320	78% below HPI
2014 26 JUN	£335,000	£1,598,640	79% below HPI

7 HAY 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 three 7 HAY DRIVE sales between June 2014 and November 2022 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 December 2016 sale was for 78% below the HPI. So the extrapolation line tracks at 78% below the HPI over time, until the November 2022 sale, where it falls to 79% below the HPI. The line then continues to track at 79% below the HPI.

What might 7 HAY DRIVE be worth now?

7 HAY DRIVE might now be worth an estimated £440,375.

This is based on house price deflation of 7.3%, between November 2022 and December 2024, for detached houses, in the Merton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.3% deflationary decrease is applied to the most recent sale price for 7 HAY DRIVE of £475,000 on 25th November 2022. For the value to have decreased from £475,000 to £440,375 over the one year and eleven months to December 2024, the following assumptions must hold true:

• The value of 7 HAY DRIVE has moved in line with the HPI for detached houses in the Merton local authority area.
• The November 2022 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 7 HAY DRIVE has not materially changed since November 2022.

How Large is 7 HAY DRIVE?

7 HAY DRIVE is 66m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 10% of detached houses houses in London, based on EPC data. The below chart shows the distribution of detached houses houses by size in London, and where 7 HAY DRIVE lies on this distribution: 3% of detached houses houses are smaller than 7 HAY DRIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in London.

7 HAY DRIVE: Plot and Title Map

7 HAY DRIVE sits on a plot of roughly 3.3 acres, or 13,266m². The below map shows the location of 7 HAY 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 7 HAY 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 7 HAY DRIVE?

7 HAY DRIVE is located in MITCHAM, in the CR4 postcode district. The below map shows the position of No. 7 on HAY DRIVE.