MIDWAY, LEMONFIELD DRIVE, WATFORD, WD25 9TR - £607,500

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

MIDWAY is a small extended detached house of 111m², built sometime between 1983 and 1990. It was last sold for £607,500 in October 2020, which was around 38% below the average October 2020 detached price in the Three Rivers local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was B.

MIDWAY Sold Prices

Land registry data shows three sales for MIDWAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Three Rivers local authority area for the corresponding sale date. All of the three MIDWAY sales 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
2020 26 OCT	£607,500	£981,186	38% below HPI
2014 26 JUN	£425,000	£728,849	42% below HPI
1998 5 AUG	£169,000	£258,075	35% below HPI

MIDWAY 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 three MIDWAY sales between August 1998 and October 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 June 2014 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the October 2020 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is MIDWAY?

MIDWAY is 111m², which includes two extensions, according to the EPC inspection conducted in September 2013. This puts it in the smallest 30% of detached houses in Watford, based on EPC data. The below chart shows the distribution of detached houses by size in Watford, and where MIDWAY lies on this distribution: 27% of detached houses are smaller than MIDWAY, and 72% of houses are larger. Note that EPC data is not available for all properties in Watford.

MIDWAY: Plot and Title Map

MIDWAY sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of MIDWAY, 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 MIDWAY). 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 MIDWAY?

MIDWAY is located on LEMONFIELD DRIVE in WATFORD, in the WD25 postcode district. The below map shows the position of MIDWAY on LEMONFIELD DRIVE.