THE GROVE, HILL GREEN, CLAVERING, SAFFRON WALDEN, CB11 4QS - £520,000

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.

THE GROVE is a very large detached house of 311m², built in 2021, which could now be worth an estimated £582,629. It was last sold for £520,000 in February 2021, which was around 20% below the average February 2021 detached price in the Uttlesford local authority area. The most recent EPC inspection was July 2021, where the current energy rating was B, and the potential energy rating was B.

THE GROVE Sold Prices

Land registry data shows three sales for THE GROVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Uttlesford local authority area for the corresponding sale date. All of the three THE GROVE 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
2021 26 FEB	£520,000	£651,539	20% below HPI
2020 5 MAY	£360,000	£643,931	44% below HPI
2018 14 MAY	£372,050	£620,841	40% below HPI

THE GROVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Uttlesford local authority area over time, sourced from the HPI. The three THE GROVE sales between May 2018 and February 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 May 2020 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the February 2021 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might THE GROVE be worth now?

THE GROVE might now be worth an estimated £582,629.

This is based on house price inflation of 12%, between February 2021 and February 2025, for detached houses, in the Uttlesford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12% inflationary increase is applied to the most recent sale price for THE GROVE of £520,000 on 26th February 2021. For the value to have increased from £520,000 to £582,629 over the four years to February 2025, the following assumptions must hold true:

• The value of THE GROVE has moved in line with the HPI for detached houses in the Uttlesford local authority area.
• The February 2021 sale price of £520,000 represented a fair market value for the property.
• The size, condition, and specification of THE GROVE has not materially changed since February 2021.

How Large is THE GROVE?

THE GROVE is 311m² according to the EPC inspection conducted in July 2021. This puts it in the largest 10% of detached houses houses in Clavering, based on EPC data. The below chart shows the distribution of detached houses houses by size in Clavering, and where THE GROVE lies on this distribution: 93% of detached houses houses are smaller than THE GROVE, and 7% of houses are larger. Note that EPC data is not available for all properties in Clavering.

THE GROVE: Plot and Title Map

THE GROVE sits on a plot of roughly 0.277 of an acre, or 1,123m². The below map shows the location of THE GROVE, 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 GROVE). 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 GROVE?

THE GROVE is located on HILL GREEN in CLAVERING, in the CB11 postcode district. The below map shows the position of THE GROVE on HILL GREEN.