GROVE LODGE, OLD SHIRE LANE, CHORLEYWOOD, RICKMANSWORTH, WD3 5PW - £1,300,000

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.

GROVE LODGE is a very large detached house of 335m², built in 2020, which could now be worth an estimated £1,433,763. It was last sold for £1,300,000 in August 2019, which was around 27% above the average August 2019 detached price in the Three Rivers local authority area. The most recent EPC inspection was October 2022, where the current energy rating was B, and the potential energy rating was B.

GROVE LODGE Sold Prices

Land registry data shows two sales for GROVE LODGE 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. Both of the two GROVE LODGE 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
2019 16 AUG	£1,300,000	£1,020,950	27% above HPI
1999 26 MAR	£405,000	£282,512	43% above HPI

GROVE LODGE 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 GROVE LODGE sales from March 1999 and August 2019 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 March 1999 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the August 2019 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might GROVE LODGE be worth now?

GROVE LODGE might now be worth an estimated £1,433,763.

This is based on house price inflation of 10.3%, between August 2019 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 10.3% inflationary increase is applied to the most recent sale price for GROVE LODGE of £1,300,000 on 16th August 2019. For the value to have increased from £1,300,000 to £1,433,763 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of GROVE LODGE has moved in line with the HPI for detached houses in the Three Rivers local authority area.
• The August 2019 sale price of £1,300,000 represented a fair market value for the property.
• The size, condition, and specification of GROVE LODGE has not materially changed since August 2019.

How Large is GROVE LODGE?

GROVE LODGE is 335m² according to the EPC inspection conducted in October 2022. This puts it in the largest 20% 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 GROVE LODGE lies on this distribution: 89% of detached houses houses are smaller than GROVE LODGE, and 11% of houses are larger. Note that EPC data is not available for all properties in Chorleywood.

GROVE LODGE: Plot and Title Map

GROVE LODGE sits on a plot of roughly 0.441 of an acre, or 1,786m². The below map shows the location of GROVE LODGE, 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 GROVE LODGE). 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 GROVE LODGE?

GROVE LODGE is located on OLD SHIRE LANE in CHORLEYWOOD, in the WD3 postcode district. The below map shows the position of GROVE LODGE on OLD SHIRE LANE.