2, BEEHIVE CLOSE, ELSTREE, BOREHAMWOOD, WD6 3HP - £470,000

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.

2 BEEHIVE CLOSE is a very small extended terraced house of 78m², built sometime between 1983 and 1990, which could now be worth an estimated £485,776. It was last sold for £470,000 in September 2023, which was around 3% below the average September 2023 terraced price in the Hertsmere local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was B.

2 BEEHIVE CLOSE Sold Prices

Land registry data shows three sales for 2 BEEHIVE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Hertsmere local authority area for the corresponding sale date. Two of the three 2 BEEHIVE CLOSE sales were for below the average price, whilst one was 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
2023 1 SEP	£470,000	£482,588	3% below HPI
2017 12 DEC	£425,000	£428,386	1% below HPI
1997 21 OCT	£101,500	£90,109	13% above HPI

2 BEEHIVE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Hertsmere local authority area over time, sourced from the HPI. The three 2 BEEHIVE CLOSE sales between October 1997 and September 2023 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 December 2017 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the September 2023 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 2 BEEHIVE CLOSE be worth now?

2 BEEHIVE CLOSE might now be worth an estimated £485,776.

This is based on house price inflation of 3.4%, between September 2023 and May 2026, for terraced 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 3.4% inflationary increase is applied to the most recent sale price for 2 BEEHIVE CLOSE of £470,000 on 1st September 2023. For the value to have increased from £470,000 to £485,776 over the three years and four months to May 2026, the following assumptions must hold true:

• The value of 2 BEEHIVE CLOSE has moved in line with the HPI for terraced houses in the Hertsmere local authority area.
• The September 2023 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BEEHIVE CLOSE has not materially changed since September 2023.

How Large is 2 BEEHIVE CLOSE?

2 BEEHIVE CLOSE is 78m², which includes one extension, according to the EPC inspection conducted in July 2017. This puts it in the smallest 10% of terraced houses houses in Elstree, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Elstree, and where 2 BEEHIVE CLOSE lies on this distribution: 3% of terraced houses houses are smaller than 2 BEEHIVE CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Elstree.

2 BEEHIVE CLOSE: Plot and Title Map

2 BEEHIVE CLOSE sits on a plot of roughly 0.028 of an acre, or 115m². The below map shows the location of 2 BEEHIVE CLOSE, 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 2 BEEHIVE CLOSE). 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 2 BEEHIVE CLOSE?

2 BEEHIVE CLOSE is located in ELSTREE, in the WD6 postcode district. The below map shows the position of No. 2 on BEEHIVE CLOSE.