8, MEDWAY CLOSE, WATFORD, WD25 0DP - £465,000

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.

8 MEDWAY CLOSE is a very small extended semi-detached house of 65m², built sometime between 1950 and 1966, which could now be worth an estimated £457,331. It was last sold for £465,000 in April 2023, which was around 11% below the average April 2023 semi-detached price in the Watford local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was B.

8 MEDWAY CLOSE Sold Prices

Land registry data shows three sales for 8 MEDWAY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Watford local authority area for the corresponding sale date. One of the three 8 MEDWAY CLOSE sales was for below the average price, whilst two 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
2023 24 APR	£465,000	£523,930	11% below HPI
2001 2 NOV	£165,000	£155,337	6% above HPI
1998 3 JUL	£117,500	£100,152	17% above HPI

8 MEDWAY CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Watford local authority area over time, sourced from the HPI. The three 8 MEDWAY CLOSE sales between July 1998 and April 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 November 2001 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the April 2023 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 8 MEDWAY CLOSE be worth now?

8 MEDWAY CLOSE might now be worth an estimated £457,331.

This is based on house price deflation of 1.6%, between April 2023 and February 2025, for semi-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 1.6% deflationary decrease is applied to the most recent sale price for 8 MEDWAY CLOSE of £465,000 on 24th April 2023. For the value to have decreased from £465,000 to £457,331 over the two years and two months to February 2025, the following assumptions must hold true:

• The value of 8 MEDWAY CLOSE has moved in line with the HPI for semi-detached houses in the Watford local authority area.
• The April 2023 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MEDWAY CLOSE has not materially changed since April 2023.

How Large is 8 MEDWAY CLOSE?

8 MEDWAY CLOSE is 65m², which includes one extension, according to the EPC inspection conducted in September 2022. This puts it in the smallest 10% of semi-detached houses houses in Watford, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Watford, and where 8 MEDWAY CLOSE lies on this distribution: 2% of semi-detached houses houses are smaller than 8 MEDWAY CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Watford.

8 MEDWAY CLOSE: Plot and Title Map

8 MEDWAY CLOSE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 8 MEDWAY CLOSE, 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 MEDWAY CLOSE). 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 MEDWAY CLOSE?

8 MEDWAY CLOSE is located in WATFORD, in the WD25 postcode district. The below map shows the position of No. 8 on MEDWAY CLOSE.