8, RAPHAEL CLOSE, SHENLEY, RADLETT, WD7 9JG - £710,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 RAPHAEL CLOSE is a small detached house of 106m², built sometime between 1991 and 1995. It was last sold for £710,000 in March 2024, which was around 31% below the average March 2024 detached price in the Hertsmere local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

8 RAPHAEL CLOSE Sold Prices

Land registry data shows four sales for 8 RAPHAEL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Hertsmere local authority area for the corresponding sale date. All of the four 8 RAPHAEL CLOSE 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
2024 20 MAR	£710,000	£1,032,813	31% below HPI
2018 24 JUL	£645,000	£963,871	33% below HPI
2014 19 AUG	£542,000	£758,823	29% below HPI
2004 30 JUL	£390,000	£484,455	19% below HPI

8 RAPHAEL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hertsmere local authority area over time, sourced from the HPI. The four 8 RAPHAEL CLOSE sales between July 2004 and March 2024 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 2018 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the March 2024 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 8 RAPHAEL CLOSE?

8 RAPHAEL CLOSE is 106m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 40% of detached houses in Shenley, based on EPC data. The below chart shows the distribution of detached houses by size in Shenley, and where 8 RAPHAEL CLOSE lies on this distribution: 35% of detached houses are smaller than 8 RAPHAEL CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Shenley.

8 RAPHAEL CLOSE: Plot and Title Map

8 RAPHAEL CLOSE sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of 8 RAPHAEL 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 RAPHAEL 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 RAPHAEL CLOSE?

8 RAPHAEL CLOSE is located in SHENLEY, in the WD7 postcode district. The below map shows the position of No. 8 on RAPHAEL CLOSE.