8, THE DRIVE, WELWYN, AL6 0TR - £763,000

8 THE DRIVE is a large extended detached house of 181m², built sometime between 1900 and 1929. It was last sold for £763,000 in October 2017, which was around 5% below the average October 2017 detached price in the Welwyn Hatfield local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was C.

8 THE DRIVE Sold Prices

Land registry data shows three sales for 8 THE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Welwyn Hatfield local authority area for the corresponding sale date. Two of the three 8 THE DRIVE 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
2017 18 OCT	£763,000	£802,270	5% below HPI
2006 19 JUN	£542,000	£449,594	21% above HPI
1996 31 JUL	£130,500	£167,624	22% below HPI

8 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Welwyn Hatfield local authority area over time, sourced from the HPI. The three 8 THE DRIVE sales between July 1996 and October 2017 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 June 2006 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the October 2017 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 8 THE DRIVE?

8 THE DRIVE is 181m², which includes two extensions, according to the EPC inspection conducted in May 2012. This puts it in the largest 40% of detached houses in Oaklands, based on EPC data. The below chart shows the distribution of detached houses by size in Oaklands, and where 8 THE DRIVE lies on this distribution: 65% of detached houses are smaller than 8 THE DRIVE, and 34% of houses are larger. Note that EPC data is not available for all properties in Oaklands.

8 THE DRIVE: Plot and Title Map

8 THE DRIVE sits on a plot of roughly 0.232 of an acre, or 939m². The below map shows the location of 8 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 8 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 8 THE DRIVE?

8 THE DRIVE is located in WELWYN, in the AL6 postcode district. The below map shows the position of No. 8 on THE DRIVE.