OAKRIDGE, BELLMOUNT WOOD AVENUE, WATFORD, WD17 3BN - £1,000,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

OAKRIDGE is a midsized detached house of 143m², built sometime between 1950 and 1966. It was last sold for £1,000,000 in March 2022, which was around 10% above the average March 2022 detached price in the Watford local authority area. The most recent EPC inspection was August 2023, where the current energy rating was D, and the potential energy rating was B.

OAKRIDGE Sold Prices

Land registry data shows two sales for OAKRIDGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Watford local authority area for the corresponding sale date. One of the two OAKRIDGE 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
2022 25 MAR	£1,000,000	£907,112	10% above HPI
2021 19 OCT	£720,000	£898,271	20% below HPI

OAKRIDGE 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 two OAKRIDGE sales from October 2021 and March 2022 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 October 2021 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the March 2022 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might OAKRIDGE be worth now?

OAKRIDGE might now be worth an estimated £977,985.

This is based on house price deflation of 2.2%, between March 2022 and December 2024, for detached houses, in the Watford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.2% deflationary decrease is applied to the most recent sale price for OAKRIDGE of £1,000,000 on 25th March 2022. For the value to have decreased from £1,000,000 to £977,985 over the one year and three months to December 2024, the following assumptions must hold true:

• The value of OAKRIDGE has moved in line with the HPI for detached houses in the Watford local authority area.
• The March 2022 sale price of £1,000,000 represented a fair market value for the property.
• The size, condition, and specification of OAKRIDGE has not materially changed since March 2022.

How Large is OAKRIDGE?

OAKRIDGE is 143m² according to the EPC inspection conducted in August 2023. This puts it in the largest 50% of detached houses houses in Watford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Watford, and where OAKRIDGE lies on this distribution: 55% of detached houses houses are smaller than OAKRIDGE, and 44% of houses are larger. Note that EPC data is not available for all properties in Watford.

OAKRIDGE: Plot and Title Map

OAKRIDGE sits on a plot of roughly 0.259 of an acre, or 1,048m². The below map shows the location of OAKRIDGE, 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 OAKRIDGE). 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 OAKRIDGE?

OAKRIDGE is located on BELLMOUNT WOOD AVENUE in WATFORD, in the WD17 postcode district. The below map shows the position of OAKRIDGE on BELLMOUNT WOOD AVENUE.