7, MAY GARDENS, ELSTREE, BOREHAMWOOD, WD6 3RZ - £1,506,400

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 MAY GARDENS is a large detached house of 306m², built sometime between 1983 and 1990, which could now be worth an estimated £1,596,132. It was last sold for £1,506,400 in August 2020, which was around 39% above the average August 2020 detached price in the Hertsmere local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

7 MAY GARDENS Sold Prices

Land registry data shows three sales for 7 MAY GARDENS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Hertsmere local authority area for the corresponding sale date. All of the three 7 MAY GARDENS 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
2020 14 AUG	£1,506,400	£1,083,310	39% above HPI
2002 29 NOV	£1,000,000	£517,164	93% above HPI
1998 17 APR	£525,000	£255,396	106% above HPI

7 MAY GARDENS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hertsmere local authority area over time, sourced from the HPI. The three 7 MAY GARDENS sales between April 1998 and August 2020 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 November 2002 sale was for 93% above the HPI. So the extrapolation line tracks at 93% above the HPI over time, until the August 2020 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 7 MAY GARDENS be worth now?

7 MAY GARDENS might now be worth an estimated £1,596,132.

This is based on house price inflation of 6%, between August 2020 and December 2024, for detached houses, in the Hertsmere local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6% inflationary increase is applied to the most recent sale price for 7 MAY GARDENS of £1,506,400 on 14th August 2020. For the value to have increased from £1,506,400 to £1,596,132 over the three years and eight months to December 2024, the following assumptions must hold true:

• The value of 7 MAY GARDENS has moved in line with the HPI for detached houses in the Hertsmere local authority area.
• The August 2020 sale price of £1,506,400 represented a fair market value for the property.
• The size, condition, and specification of 7 MAY GARDENS has not materially changed since August 2020.

How Large is 7 MAY GARDENS?

7 MAY GARDENS is 306m² according to the EPC inspection conducted in July 2020. This puts it in the largest 30% of detached houses houses in Elstree, based on EPC data. The below chart shows the distribution of detached houses houses by size in Elstree, and where 7 MAY GARDENS lies on this distribution: 74% of detached houses houses are smaller than 7 MAY GARDENS, and 26% of houses are larger. Note that EPC data is not available for all properties in Elstree.

7 MAY GARDENS: Plot and Title Map

7 MAY GARDENS sits on a plot of roughly 0.178 of an acre, or 719m². The below map shows the location of 7 MAY GARDENS, 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 MAY GARDENS). 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 MAY GARDENS?

7 MAY GARDENS is located in ELSTREE, in the WD6 postcode district. The below map shows the position of No. 7 on MAY GARDENS.