7, CRANEFIELD DRIVE, WATFORD, WD25 9TX - £420,000

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.

7 CRANEFIELD DRIVE is a very small extended terraced house of 76m², built sometime between 1967 and 1975, which could now be worth an estimated £432,659. It was last sold for £420,000 in May 2023, which was around 4% below the average May 2023 terraced price in the Three Rivers local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was B.

7 CRANEFIELD DRIVE Sold Prices

Land registry data shows two sales for 7 CRANEFIELD DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Three Rivers local authority area for the corresponding sale date. Both of the two 7 CRANEFIELD 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
2023 26 MAY	£420,000	£437,251	4% below HPI
2007 7 AUG	£225,000	£257,667	13% below HPI

7 CRANEFIELD DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Three Rivers local authority area over time, sourced from the HPI. The two 7 CRANEFIELD DRIVE sales from August 2007 and May 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 August 2007 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the May 2023 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 7 CRANEFIELD DRIVE be worth now?

7 CRANEFIELD DRIVE might now be worth an estimated £432,659.

This is based on house price inflation of 3%, between May 2023 and May 2026, for terraced 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 3% inflationary increase is applied to the most recent sale price for 7 CRANEFIELD DRIVE of £420,000 on 26th May 2023. For the value to have increased from £420,000 to £432,659 over the three years to May 2026, the following assumptions must hold true:

• The value of 7 CRANEFIELD DRIVE has moved in line with the HPI for terraced houses in the Three Rivers local authority area.
• The May 2023 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CRANEFIELD DRIVE has not materially changed since May 2023.

How Large is 7 CRANEFIELD DRIVE?

7 CRANEFIELD DRIVE is 76m², which includes one extension, according to the EPC inspection conducted in February 2023. This puts it in the smallest 10% of terraced houses houses in Watford, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Watford, and where 7 CRANEFIELD DRIVE lies on this distribution: 5% of terraced houses houses are smaller than 7 CRANEFIELD DRIVE, and 95% of houses are larger. Note that EPC data is not available for all properties in Watford.

7 CRANEFIELD DRIVE: Plot and Title Map

7 CRANEFIELD DRIVE sits on a plot of roughly 0.031 of an acre, or 127m². The below map shows the location of 7 CRANEFIELD 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 7 CRANEFIELD 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 7 CRANEFIELD DRIVE?

7 CRANEFIELD DRIVE is located in WATFORD, in the WD25 postcode district. The below map shows the position of No. 7 on CRANEFIELD DRIVE.