GROVECROFT HOUSE, THE DRIVE, WATFORD, WD17 4JU - £798,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

GROVECROFT HOUSE is a very large extended detached house of 193m², built sometime between 1930 and 1949. It was last sold for £798,000 in August 2018, which was around 1% below the average August 2018 detached price in the Watford local authority area. The most recent EPC inspection was April 2018, where the current energy rating was C, and the potential energy rating was C.

GROVECROFT HOUSE Sold Prices

Land registry data shows four sales for GROVECROFT HOUSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Watford local authority area for the corresponding sale date. two of the four GROVECROFT HOUSE sales were for below the average price, and four 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
2018 29 AUG	£798,000	£808,518	1% below HPI
2005 15 JUL	£635,000	£415,825	53% above HPI
2001 21 DEC	£242,000	£300,768	20% below HPI
2001 19 NOV	£483,500	£306,921	58% above HPI

GROVECROFT HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Watford local authority area over time, sourced from the HPI. The four GROVECROFT HOUSE sales between November 2001 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 July 2005 sale was for 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the August 2018 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is GROVECROFT HOUSE?

GROVECROFT HOUSE is 193m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the largest 20% of detached houses in Watford, based on EPC data. The below chart shows the distribution of detached houses by size in Watford, and where GROVECROFT HOUSE lies on this distribution: 82% of detached houses are smaller than GROVECROFT HOUSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Watford.

GROVECROFT HOUSE: Plot and Title Map

GROVECROFT HOUSE sits on a plot of roughly 0.132 of an acre, or 535m². The below map shows the location of GROVECROFT HOUSE, 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 GROVECROFT HOUSE). 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 GROVECROFT HOUSE?

GROVECROFT HOUSE is located on THE DRIVE in WATFORD, in the WD17 postcode district. The below map shows the position of GROVECROFT HOUSE on THE DRIVE.