THE SHEARING, SHEPHERDS LANE, CHORLEYWOOD, RICKMANSWORTH, WD3 5HA - £850,000

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 SHEARING is a very small extended detached house of 114m², built sometime between 1950 and 1966, which could now be worth an estimated £907,591. It was last sold for £850,000 in October 2020, which was around 19% below the average October 2020 detached price in the Three Rivers local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was C.

THE SHEARING Sold Prices

Land registry data shows two sales for THE SHEARING since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Three Rivers local authority area for the corresponding sale date. Both of the two THE SHEARING 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
2020 15 OCT	£850,000	£1,054,550	19% below HPI
2007 11 OCT	£640,000	£673,736	5% below HPI

THE SHEARING Price Paid vs. HPI Average

The below graph shows the average detached house price in the Three Rivers local authority area over time, sourced from the HPI. The two THE SHEARING sales from October 2007 and October 2020 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 2007 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the October 2020 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might THE SHEARING be worth now?

THE SHEARING might now be worth an estimated £907,591.

This is based on house price inflation of 6.8%, between October 2020 and February 2025, for detached houses, in the Three Rivers local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.8% inflationary increase is applied to the most recent sale price for THE SHEARING of £850,000 on 15th October 2020. For the value to have increased from £850,000 to £907,591 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of THE SHEARING has moved in line with the HPI for detached houses in the Three Rivers local authority area.
• The October 2020 sale price of £850,000 represented a fair market value for the property.
• The size, condition, and specification of THE SHEARING has not materially changed since October 2020.

How Large is THE SHEARING?

THE SHEARING is 114m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the smallest 20% of detached houses houses in Chorleywood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chorleywood, and where THE SHEARING lies on this distribution: 13% of detached houses houses are smaller than THE SHEARING, and 87% of houses are larger. Note that EPC data is not available for all properties in Chorleywood.

THE SHEARING: Plot and Title Map

THE SHEARING sits on a plot of roughly 0.255 of an acre, or 1,032m². The below map shows the location of THE SHEARING, 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 SHEARING). 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 SHEARING?

THE SHEARING is located on SHEPHERDS LANE in CHORLEYWOOD, in the WD3 postcode district. The below map shows the position of THE SHEARING on SHEPHERDS LANE.