8, SCHOOLGATE DRIVE, MORDEN, SM4 5BF - £370,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 SCHOOLGATE DRIVE is a very small detached house of 72m². It was last sold for £370,000 in April 2017, which was around 74% below the average April 2017 detached price in the Merton local authority area. The most recent EPC inspection was February 2013, where the current energy rating was C, and the potential energy rating was C.

8 SCHOOLGATE DRIVE Sold Prices

Land registry data shows two sales for 8 SCHOOLGATE DRIVE 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 8 SCHOOLGATE 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
2017 7 APR	£370,000	£1,437,580	74% below HPI
2013 28 FEB	£240,000	£963,679	75% below HPI

8 SCHOOLGATE DRIVE 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 8 SCHOOLGATE DRIVE sales from February 2013 and April 2017 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 February 2013 sale was for 75% below the HPI. So the extrapolation line tracks at 75% below the HPI over time, until the April 2017 sale, where it rises to 74% below the HPI. The line then continues to track at 74% below the HPI.

How Large is 8 SCHOOLGATE DRIVE?

8 SCHOOLGATE DRIVE is 72m² according to the EPC inspection conducted in February 2013. This puts it in the smallest 10% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 8 SCHOOLGATE DRIVE lies on this distribution: 4% of detached houses are smaller than 8 SCHOOLGATE DRIVE, and 95% of houses are larger. Note that EPC data is not available for all properties in London.

8 SCHOOLGATE DRIVE: Plot and Title Map

8 SCHOOLGATE DRIVE sits on a plot of roughly 0.018 of an acre, or 74m². The below map shows the location of 8 SCHOOLGATE 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 SCHOOLGATE 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 SCHOOLGATE DRIVE?

8 SCHOOLGATE DRIVE is located in MORDEN, in the SM4 postcode district. The below map shows the position of No. 8 on SCHOOLGATE DRIVE.