8, THE DRIVE, RADLETT, WD7 7DA - £1,140,000

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 THE DRIVE is a small extended detached house of 156m², built sometime between 1950 and 1966. It was last sold for £1,140,000 in November 2020, which was around 13% above the average November 2020 detached price in the Hertsmere local authority area. The most recent EPC inspection was March 2016, where the current energy rating was C, and the potential energy rating was B.

8 THE DRIVE Sold Prices

Land registry data shows two sales for 8 THE 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 Hertsmere local authority area for the corresponding sale date. Both of the two 8 THE 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
2020 30 NOV	£1,140,000	£1,013,103	13% above HPI
2006 14 NOV	£775,000	£521,713	49% above HPI

8 THE DRIVE 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 two 8 THE DRIVE sales from November 2006 and November 2020 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 2006 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the November 2020 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is 8 THE DRIVE?

8 THE DRIVE is 156m², which includes one extension, according to the EPC inspection conducted in March 2016. This puts it in the smallest 30% of detached houses in Radlett, based on EPC data. The below chart shows the distribution of detached houses by size in Radlett, and where 8 THE DRIVE lies on this distribution: 23% of detached houses are smaller than 8 THE DRIVE, and 76% of houses are larger. Note that EPC data is not available for all properties in Radlett.

8 THE DRIVE: Plot and Title Map

8 THE DRIVE sits on a plot of roughly 0.224 of an acre, or 907m². The below map shows the location of 8 THE 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 THE 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 THE DRIVE?

8 THE DRIVE is located in RADLETT, in the WD7 postcode district. The below map shows the position of No. 8 on THE DRIVE.