SPRING LODGE, THE PATHWAY, RADLETT, WD7 8JB - £1,900,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

SPRING LODGE is a large extended detached house of 300m², built sometime between 1967 and 1975. It was last sold for £1,900,000 in July 2022, which was around 73% above the average July 2022 detached price in the Hertsmere local authority area. The most recent EPC inspection was March 2022, where the current energy rating was E, and the potential energy rating was C.

SPRING LODGE Sold Prices

Land registry data shows three sales for SPRING LODGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Hertsmere local authority area for the corresponding sale date. All of the three SPRING 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
2022 15 JUL	£1,900,000	£1,100,109	73% above HPI
2007 26 JUL	£1,265,000	£565,698	124% above HPI
2005 16 JUN	£935,000	£502,907	86% above HPI

SPRING LODGE 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 three SPRING LODGE sales between June 2005 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 July 2007 sale was for 124% above the HPI. So the extrapolation line tracks at 124% above the HPI over time, until the July 2022 sale, where it falls to 73% above the HPI. The line then continues to track at 73% above the HPI.

How Large is SPRING LODGE?

SPRING LODGE is 300m², which includes two extensions, according to the EPC inspection conducted in March 2022. This puts it in the largest 30% of detached houses in Radlett, based on EPC data. The below chart shows the distribution of detached houses by size in Radlett, and where SPRING LODGE lies on this distribution: 73% of detached houses are smaller than SPRING LODGE, and 27% of houses are larger. Note that EPC data is not available for all properties in Radlett.

SPRING LODGE: Plot and Title Map

SPRING LODGE sits on a plot of roughly 0.233 of an acre, or 942m². The below map shows the location of SPRING 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 SPRING 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 SPRING LODGE?

SPRING LODGE is located on THE PATHWAY in RADLETT, in the WD7 postcode district. The below map shows the position of SPRING LODGE on THE PATHWAY.