CLEVELAND, LOUDWATER DRIVE, LOUDWATER, RICKMANSWORTH, WD3 4HJ - £1,107,500

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.

CLEVELAND is a large extended detached house of 212m², built sometime between 1950 and 1966, which could now be worth an estimated £1,182,000. It was last sold for £1,107,500 in August 2018, which was around 5% above the average August 2018 detached price in the Three Rivers local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was C.

CLEVELAND Sold Prices

Land registry data shows two sales for CLEVELAND since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Three Rivers local authority area for the corresponding sale date. One of the two CLEVELAND sales was for above the average price, whilst the other was 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
2018 21 AUG	£1,107,500	£1,055,030	5% above HPI
2009 17 APR	£495,000	£565,660	12% below HPI

CLEVELAND Price Paid vs. HPI Average

The below graph shows the average detached house price in the Three Rivers local authority area over time, sourced from the HPI. The two CLEVELAND sales from April 2009 and August 2018 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 April 2009 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the August 2018 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might CLEVELAND be worth now?

CLEVELAND might now be worth an estimated £1,182,000.

This is based on house price inflation of 6.7%, between August 2018 and February 2025, for detached houses, in the Three Rivers local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.7% inflationary increase is applied to the most recent sale price for CLEVELAND of £1,107,500 on 21st August 2018. For the value to have increased from £1,107,500 to £1,182,000 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of CLEVELAND has moved in line with the HPI for detached houses in the Three Rivers local authority area.
• The August 2018 sale price of £1,107,500 represented a fair market value for the property.
• The size, condition, and specification of CLEVELAND has not materially changed since August 2018.

How Large is CLEVELAND?

CLEVELAND is 212m², which includes two extensions, according to the EPC inspection conducted in June 2017. This puts it in the largest 40% of detached houses houses in Chorleywood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chorleywood, and where CLEVELAND lies on this distribution: 60% of detached houses houses are smaller than CLEVELAND, and 39% of houses are larger. Note that EPC data is not available for all properties in Chorleywood.

CLEVELAND: Plot and Title Map

CLEVELAND sits on a plot of roughly 0.218 of an acre, or 883m². The below map shows the location of CLEVELAND, 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 CLEVELAND). 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 CLEVELAND?

CLEVELAND is located on LOUDWATER DRIVE in LOUDWATER, in the WD3 postcode district. The below map shows the position of CLEVELAND on LOUDWATER DRIVE.