RED ROOF COTTAGE, BARNET LANE, ELSTREE, BOREHAMWOOD, WD6 3QZ - £1,725,000

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.

RED ROOF COTTAGE is a very large extended detached house of 262m², built sometime between 1950 and 1966, which could now be worth an estimated £1,675,092. It was last sold for £1,725,000 in July 2022, which was around 43% above the average July 2022 detached price in the Hertsmere local authority area. The most recent EPC inspection was May 2021, where the current energy rating was E, and the potential energy rating was C.

RED ROOF COTTAGE Sold Prices

Land registry data shows two sales for RED ROOF COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Hertsmere local authority area for the corresponding sale date. Both of the two RED ROOF COTTAGE 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
2022 29 JUL	£1,725,000	£1,208,000	43% above HPI
2009 24 AUG	£720,000	£580,548	24% above HPI

RED ROOF COTTAGE 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 two RED ROOF COTTAGE sales from August 2009 and July 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 August 2009 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the July 2022 sale, where it rises to 43% above the HPI. The line then continues to track at 43% above the HPI.

What might RED ROOF COTTAGE be worth now?

RED ROOF COTTAGE might now be worth an estimated £1,675,092.

This is based on house price deflation of 2.9%, between July 2022 and February 2025, for detached houses, in the Hertsmere local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.9% deflationary decrease is applied to the most recent sale price for RED ROOF COTTAGE of £1,725,000 on 29th July 2022. For the value to have decreased from £1,725,000 to £1,675,092 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of RED ROOF COTTAGE has moved in line with the HPI for detached houses in the Hertsmere local authority area.
• The July 2022 sale price of £1,725,000 represented a fair market value for the property.
• The size, condition, and specification of RED ROOF COTTAGE has not materially changed since July 2022.

How Large is RED ROOF COTTAGE?

RED ROOF COTTAGE is 262m², which includes one extension, according to the EPC inspection conducted in May 2021. This puts it in the largest 20% of detached houses houses in Borehamwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Borehamwood, and where RED ROOF COTTAGE lies on this distribution: 85% of detached houses houses are smaller than RED ROOF COTTAGE, and 14% of houses are larger. Note that EPC data is not available for all properties in Borehamwood.

RED ROOF COTTAGE: Plot and Title Map

RED ROOF COTTAGE sits on a plot of roughly 0.151 of an acre, or 611m². The below map shows the location of RED ROOF COTTAGE, 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 RED ROOF COTTAGE). 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 RED ROOF COTTAGE?

RED ROOF COTTAGE is located on BARNET LANE in ELSTREE, in the WD6 postcode district. The below map shows the position of RED ROOF COTTAGE on BARNET LANE.