58, THE DRIVE, LONDON, E18 2BJ - £580,000

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.

58 THE DRIVE is a very small extended detached house of 101m², built sometime between 1967 and 1975, which could now be worth an estimated £700,611. It was last sold for £580,000 in October 2018, which was around 39% below the average October 2018 detached price in the Redbridge local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

58 THE DRIVE Sold Prices

Land registry data shows two sales for 58 THE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Redbridge local authority area for the corresponding sale date. Both of the two 58 THE DRIVE 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
2018 19 OCT	£580,000	£944,236	39% below HPI
2012 4 MAY	£345,000	£578,188	40% below HPI

58 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Redbridge local authority area over time, sourced from the HPI. The two 58 THE DRIVE sales from May 2012 and October 2018 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 2012 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the October 2018 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 58 THE DRIVE be worth now?

58 THE DRIVE might now be worth an estimated £700,611.

This is based on house price inflation of 20.8%, between October 2018 and April 2026, for detached houses, in the Redbridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.8% inflationary increase is applied to the most recent sale price for 58 THE DRIVE of £580,000 on 19th October 2018. For the value to have increased from £580,000 to £700,611 over the eight years and six months to April 2026, the following assumptions must hold true:

• The value of 58 THE DRIVE has moved in line with the HPI for detached houses in the Redbridge local authority area.
• The October 2018 sale price of £580,000 represented a fair market value for the property.
• The size, condition, and specification of 58 THE DRIVE has not materially changed since October 2018.

How Large is 58 THE DRIVE?

58 THE DRIVE is 101m², which includes one extension, according to the EPC inspection conducted in July 2018. This puts it in the smallest 20% of detached houses houses in Woodford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Woodford, and where 58 THE DRIVE lies on this distribution: 12% of detached houses houses are smaller than 58 THE DRIVE, and 88% of houses are larger. Note that EPC data is not available for all properties in Woodford.

58 THE DRIVE: Plot and Title Map

58 THE DRIVE sits on a plot of roughly 0.036 of an acre, or 144m². The below map shows the location of 58 THE DRIVE, 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 58 THE DRIVE). 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 58 THE DRIVE?

58 THE DRIVE is located in LONDON, in the E18 postcode district. The below map shows the position of No. 58 on THE DRIVE.