FOURWAYS, UPPER STATION ROAD, RADLETT, WD7 8BY - £1,129,000

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

FOURWAYS is a small extended detached house of 167m², built sometime between 1950 and 1966. It was last sold for £1,129,000 in November 2021, which was around 2% above the average November 2021 detached price in the Hertsmere local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was C.

FOURWAYS Sold Prices

Land registry data shows three sales for FOURWAYS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Hertsmere local authority area for the corresponding sale date. One of the three FOURWAYS sales was for above the average price, whilst two 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 5 NOV	£1,129,000	£1,103,100	2% above HPI
2015 3 JUL	£790,000	£808,766	2% below HPI
2002 25 JAN	£335,000	£399,659	16% below HPI

FOURWAYS 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 three FOURWAYS sales between January 2002 and November 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 July 2015 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the November 2021 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is FOURWAYS?

FOURWAYS is 167m², which includes one extension, according to the EPC inspection conducted in August 2018. 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 FOURWAYS lies on this distribution: 28% of detached houses are smaller than FOURWAYS, and 71% of houses are larger. Note that EPC data is not available for all properties in Radlett.

FOURWAYS: Plot and Title Map

FOURWAYS sits on a plot of roughly 0.104 of an acre, or 423m². The below map shows the location of FOURWAYS, 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 FOURWAYS). 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 FOURWAYS?

FOURWAYS is located on UPPER STATION ROAD in RADLETT, in the WD7 postcode district. The below map shows the position of FOURWAYS on UPPER STATION ROAD.