8, OLVEGA DRIVE, BUNTINGFORD, SG9 9FJ - £320,000

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 OLVEGA DRIVE is a midsized semi-detached house of 117m², built sometime between 2007 and 2011, which could now be worth an estimated £575,995. It was last sold for £320,000 in December 2011, which was around 14% above the average December 2011 semi-detached price in the East Hertfordshire local authority area. The most recent EPC inspection was January 2021, where the current energy rating was C, and the potential energy rating was B.

8 OLVEGA DRIVE Sold Prices

Land registry data shows two sales for 8 OLVEGA DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the East Hertfordshire local authority area for the corresponding sale date. Both of the two 8 OLVEGA DRIVE 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
2011 9 DEC	£320,000	£279,586	14% above HPI
2010 16 DEC	£320,000	£273,283	17% above HPI

8 OLVEGA DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Hertfordshire local authority area over time, sourced from the HPI. The two 8 OLVEGA DRIVE sales from December 2010 and December 2011 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 2010 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the December 2011 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 8 OLVEGA DRIVE be worth now?

8 OLVEGA DRIVE might now be worth an estimated £575,995.

This is based on house price inflation of 80%, between December 2011 and February 2025, for semi-detached houses, in the East Hertfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 80% inflationary increase is applied to the most recent sale price for 8 OLVEGA DRIVE of £320,000 on 9th December 2011. For the value to have increased from £320,000 to £575,995 over the fourteen years and ten months to February 2025, the following assumptions must hold true:

• The value of 8 OLVEGA DRIVE has moved in line with the HPI for semi-detached houses in the East Hertfordshire local authority area.
• The December 2011 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 8 OLVEGA DRIVE has not materially changed since December 2011.

How Large is 8 OLVEGA DRIVE?

8 OLVEGA DRIVE is 117m² according to the EPC inspection conducted in January 2021. This puts it in the smallest 50% of semi-detached houses houses in Buntingford, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Buntingford, and where 8 OLVEGA DRIVE lies on this distribution: 40% of semi-detached houses houses are smaller than 8 OLVEGA DRIVE, and 59% of houses are larger. Note that EPC data is not available for all properties in Buntingford.

8 OLVEGA DRIVE: Plot and Title Map

8 OLVEGA DRIVE sits on a plot of roughly 0.044 of an acre, or 178m². The below map shows the location of 8 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 8 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 8 OLVEGA DRIVE?

8 OLVEGA DRIVE is located in BUNTINGFORD, in the SG9 postcode district. The below map shows the position of No. 8 on OLVEGA DRIVE.