THE CEDARS, THE DRIVE, WATFORD, WD17 4JU - £775,000

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

THE CEDARS is a midsized detached house of 145m², built sometime from 2007 onwards. It was last sold for £775,000 in May 2021, which was around 11% below the average May 2021 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 B.

THE CEDARS Sold Prices

Land registry data shows three sales for THE CEDARS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Watford local authority area for the corresponding sale date. The three THE CEDARS sales were a mix of below the average price, roughly equal to the average price, and 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
2021 19 MAY	£775,000	£868,280	11% below HPI
2011 10 AUG	£500,000	£497,645	Close to HPI
2007 24 OCT	£499,950	£493,499	1% above HPI

THE CEDARS 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 three THE CEDARS sales between October 2007 and May 2021 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 2011 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the May 2021 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is THE CEDARS?

THE CEDARS is 145m² according to the EPC inspection conducted in April 2018. This puts it in the largest 50% of detached houses in Watford, based on EPC data. The below chart shows the distribution of detached houses by size in Watford, and where THE CEDARS lies on this distribution: 57% of detached houses are smaller than THE CEDARS, and 42% of houses are larger. Note that EPC data is not available for all properties in Watford.

THE CEDARS: Plot and Title Map

THE CEDARS sits on a plot of roughly 0.111 of an acre, or 451m². The below map shows the location of THE CEDARS, 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 THE CEDARS). 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 THE CEDARS?

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