8, ASPEN PARK DRIVE, WATFORD, WD25 0RS - £575,000

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

8 ASPEN PARK DRIVE is a very small detached house of 86m², built sometime between 1983 and 1990. It was last sold for £575,000 in January 2023, which was around 40% below the average January 2023 detached price in the Watford local authority area. The most recent EPC inspection was August 2015, where the current energy rating was C, and the potential energy rating was B.

8 ASPEN PARK DRIVE Sold Prices

Land registry data shows five sales for 8 ASPEN PARK DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Watford local authority area for the corresponding sale date. All of the five 8 ASPEN PARK 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
2023 13 JAN	£575,000	£951,722	40% below HPI
2017 19 SEP	£480,000	£796,422	40% below HPI
2015 12 NOV	£435,000	£719,524	40% below HPI
2006 8 SEP	£294,000	£434,400	32% below HPI
1999 14 MAY	£157,500	£200,807	22% below HPI

8 ASPEN PARK DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Watford local authority area over time, sourced from the HPI. The five 8 ASPEN PARK DRIVE sales between May 1999 and January 2023 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 September 2017 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the January 2023 sale, which was also at 40% below the HPI.

What might 8 ASPEN PARK DRIVE be worth now?

8 ASPEN PARK DRIVE might now be worth an estimated £535,983.

This is based on house price deflation of 6.8%, between January 2023 and December 2024, for detached houses, in the Watford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.8% deflationary decrease is applied to the most recent sale price for 8 ASPEN PARK DRIVE of £575,000 on 13th January 2023. For the value to have decreased from £575,000 to £535,983 over the one month to December 2024, the following assumptions must hold true:

• The value of 8 ASPEN PARK DRIVE has moved in line with the HPI for detached houses in the Watford local authority area.
• The January 2023 sale price of £575,000 represented a fair market value for the property.
• The size, condition, and specification of 8 ASPEN PARK DRIVE has not materially changed since January 2023.

How Large is 8 ASPEN PARK DRIVE?

8 ASPEN PARK DRIVE is 86m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 20% of detached houses houses in Watford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Watford, and where 8 ASPEN PARK DRIVE lies on this distribution: 10% of detached houses houses are smaller than 8 ASPEN PARK DRIVE, and 89% of houses are larger. Note that EPC data is not available for all properties in Watford.

8 ASPEN PARK DRIVE: Plot and Title Map

8 ASPEN PARK DRIVE sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 8 ASPEN PARK 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 8 ASPEN PARK 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 8 ASPEN PARK DRIVE?

8 ASPEN PARK DRIVE is located in WATFORD, in the WD25 postcode district. The below map shows the position of No. 8 on ASPEN PARK DRIVE.