7, OLVEGA DRIVE, BUNTINGFORD, SG9 9FJ - £420,000

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

7 OLVEGA DRIVE is a very small detached house of 82m², built sometime between 2007 and 2011. It was last sold for £420,000 in November 2016, which was around 40% below the average November 2016 detached price in the East Hertfordshire local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

7 OLVEGA DRIVE Sold Prices

Land registry data shows two sales for 7 OLVEGA 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 East Hertfordshire local authority area for the corresponding sale date. Both of the two 7 OLVEGA 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
2016 23 NOV	£420,000	£702,286	40% below HPI
2011 19 JUL	£299,950	£472,336	36% below HPI

7 OLVEGA DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Hertfordshire local authority area over time, sourced from the HPI. The two 7 OLVEGA DRIVE sales from July 2011 and November 2016 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 2011 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the November 2016 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 7 OLVEGA DRIVE?

7 OLVEGA DRIVE is 82m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 10% of detached houses in Buntingford, based on EPC data. The below chart shows the distribution of detached houses by size in Buntingford, and where 7 OLVEGA DRIVE lies on this distribution: 7% of detached houses are smaller than 7 OLVEGA DRIVE, and 93% of houses are larger. Note that EPC data is not available for all properties in Buntingford.

7 OLVEGA DRIVE: Plot and Title Map

7 OLVEGA DRIVE sits on a plot of roughly 0.046 of an acre, or 185m². The below map shows the location of 7 OLVEGA 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 OLVEGA 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 OLVEGA DRIVE?

7 OLVEGA DRIVE is located in BUNTINGFORD, in the SG9 postcode district. The below map shows the position of No. 7 on OLVEGA DRIVE.