72, THE DRIVE, LONDON, E18 2BJ - £540,000

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.

72 THE DRIVE is a very small terraced house of 90m², built sometime between 1967 and 1975, which could now be worth an estimated £687,032. It was last sold for £540,000 in July 2020, which was around 23% above the average July 2020 terraced price in the Redbridge local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was B.

72 THE DRIVE Sold Prices

Land registry data shows two sales for 72 THE 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 Redbridge local authority area for the corresponding sale date. Both of the two 72 THE DRIVE sales were 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
2020 9 JUL	£540,000	£437,902	23% above HPI
1995 23 OCT	£93,000	£72,951	27% above HPI

72 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Redbridge local authority area over time, sourced from the HPI. The two 72 THE DRIVE sales from October 1995 and July 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 1995 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the July 2020 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 72 THE DRIVE be worth now?

72 THE DRIVE might now be worth an estimated £687,032.

This is based on house price inflation of 27.2%, between July 2020 and April 2026, for terraced 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 27.2% inflationary increase is applied to the most recent sale price for 72 THE DRIVE of £540,000 on 9th July 2020. For the value to have increased from £540,000 to £687,032 over the six years and three months to April 2026, the following assumptions must hold true:

• The value of 72 THE DRIVE has moved in line with the HPI for terraced houses in the Redbridge local authority area.
• The July 2020 sale price of £540,000 represented a fair market value for the property.
• The size, condition, and specification of 72 THE DRIVE has not materially changed since July 2020.

How Large is 72 THE DRIVE?

72 THE DRIVE is 90m² according to the EPC inspection conducted in April 2019. This puts it in the smallest 10% of terraced houses houses in Woodford, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Woodford, and where 72 THE DRIVE lies on this distribution: 7% of terraced houses houses are smaller than 72 THE DRIVE, and 93% of houses are larger. Note that EPC data is not available for all properties in Woodford.

72 THE DRIVE: Plot and Title Map

72 THE DRIVE sits on a plot of roughly 0.034 of an acre, or 136m². The below map shows the location of 72 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 72 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 72 THE DRIVE?

72 THE DRIVE is located in LONDON, in the E18 postcode district. The below map shows the position of No. 72 on THE DRIVE.