8, SHEREDES DRIVE, HODDESDON, EN11 8LJ - £723,500

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 SHEREDES DRIVE is a midsized detached house of 136m², built sometime between 1967 and 1975, which could now be worth an estimated £809,069. It was last sold for £723,500 in June 2021, which was around 9% below the average June 2021 detached price in the Broxbourne local authority area. The most recent EPC inspection was August 2017, where the current energy rating was E, and the potential energy rating was D.

8 SHEREDES DRIVE Sold Prices

Land registry data shows two sales for 8 SHEREDES 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 Broxbourne local authority area for the corresponding sale date. Both of the two 8 SHEREDES 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
2021 18 JUN	£723,500	£794,927	9% below HPI
2020 4 FEB	£560,000	£757,108	26% below HPI

8 SHEREDES DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broxbourne local authority area over time, sourced from the HPI. The two 8 SHEREDES DRIVE sales from February 2020 and June 2021 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 2020 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the June 2021 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 8 SHEREDES DRIVE be worth now?

8 SHEREDES DRIVE might now be worth an estimated £809,069.

This is based on house price inflation of 11.8%, between June 2021 and February 2025, for detached houses, in the Broxbourne local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 11.8% inflationary increase is applied to the most recent sale price for 8 SHEREDES DRIVE of £723,500 on 18th June 2021. For the value to have increased from £723,500 to £809,069 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 8 SHEREDES DRIVE has moved in line with the HPI for detached houses in the Broxbourne local authority area.
• The June 2021 sale price of £723,500 represented a fair market value for the property.
• The size, condition, and specification of 8 SHEREDES DRIVE has not materially changed since June 2021.

How Large is 8 SHEREDES DRIVE?

8 SHEREDES DRIVE is 136m² according to the EPC inspection conducted in August 2017. This puts it in the smallest 50% of detached houses houses in Hoddesdon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hoddesdon, and where 8 SHEREDES DRIVE lies on this distribution: 46% of detached houses houses are smaller than 8 SHEREDES DRIVE, and 53% of houses are larger. Note that EPC data is not available for all properties in Hoddesdon.

8 SHEREDES DRIVE: Plot and Title Map

8 SHEREDES DRIVE sits on a plot of roughly 0.098 of an acre, or 397m². The below map shows the location of 8 SHEREDES 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 SHEREDES 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 SHEREDES DRIVE?

8 SHEREDES DRIVE is located in HODDESDON, in the EN11 postcode district. The below map shows the position of No. 8 on SHEREDES DRIVE.