7, PROSPECT PLACE, LONDON, SW20 0JP - £3,300,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 PROSPECT PLACE is a very large extended detached house of 266m², built sometime between 1996 and 2002, which could now be worth an estimated £3,997,474. It was last sold for £3,300,000 in January 2016, which was around 82% above the average January 2016 detached price in the Merton local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was C.

7 PROSPECT PLACE Sold Prices

Land registry data shows two sales for 7 PROSPECT PLACE 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 7 PROSPECT PLACE 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
2016 15 JAN	£3,300,000	£1,814,430	82% above HPI
1998 21 DEC	£1,250,000	£399,647	213% above HPI

7 PROSPECT PLACE 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 7 PROSPECT PLACE sales from December 1998 and January 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 December 1998 sale was for 213% above the HPI. So the extrapolation line tracks at 213% above the HPI over time, until the January 2016 sale, where it falls to 82% above the HPI. The line then continues to track at 82% above the HPI.

What might 7 PROSPECT PLACE be worth now?

7 PROSPECT PLACE might now be worth an estimated £3,997,474.

This is based on house price inflation of 21.1%, between January 2016 and March 2025, 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 21.1% inflationary increase is applied to the most recent sale price for 7 PROSPECT PLACE of £3,300,000 on 15th January 2016. For the value to have increased from £3,300,000 to £3,997,474 over the eight years and ten months to March 2025, the following assumptions must hold true:

• The value of 7 PROSPECT PLACE has moved in line with the HPI for detached houses in the Merton local authority area.
• The January 2016 sale price of £3,300,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PROSPECT PLACE has not materially changed since January 2016.

How Large is 7 PROSPECT PLACE?

7 PROSPECT PLACE is 266m², which includes one extension, according to the EPC inspection conducted in October 2008. This puts it in the largest 20% 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 PROSPECT PLACE lies on this distribution: 88% of detached houses houses are smaller than 7 PROSPECT PLACE, and 12% of houses are larger. Note that EPC data is not available for all properties in London.

7 PROSPECT PLACE: Plot and Title Map

7 PROSPECT PLACE sits on a plot of roughly 0.260 of an acre, or 1,052m². The below map shows the location of 7 PROSPECT PLACE, 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 PROSPECT PLACE). 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 PROSPECT PLACE?

7 PROSPECT PLACE is located in LONDON, in the SW20 postcode district. The below map shows the position of No. 7 on PROSPECT PLACE.