Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources
FLAT 1 7 TOLPITS LANE is a very small flat of 48m², built sometime between 2003 and 2006. It was last sold for £222,000 in July 2024, which was around 76% below the average July 2024 detached price in the Watford local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was D.
Land registry data shows three sales for FLAT 1 7 TOLPITS LANE since 1st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Watford local authority area for the corresponding sale date. All of the three FLAT 1 7 TOLPITS LANE 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 |
---|---|---|---|
2024 26 JUL | £222,000 | £919,348 | 76% below HPI |
2013 29 OCT | £21,000 | £531,170 | 96% below HPI |
2012 23 MAR | £151,000 | £501,662 | 70% below HPI |
The below graph shows the average detached house price in the Watford local authority area over time, sourced from the HPI. The three FLAT 1 7 TOLPITS LANE sales between March 2012 and July 2024 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 2013 sale was for 96% below the HPI. So the extrapolation line tracks at 96% below the HPI over time, until the July 2024 sale, where it rises to 76% below the HPI. The line then continues to track at 76% below the HPI.
FLAT 1 7 TOLPITS LANE is 48m² according to the EPC inspection conducted in September 2019. This puts it in the smallest 10% of detached houses in Watford, based on EPC data. The below chart shows the distribution of detached houses by size in Watford, and where FLAT 1 7 TOLPITS LANE lies on this distribution: Less than 1% of detached houses are smaller than FLAT 1 7 TOLPITS LANE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Watford.
FLAT 1 7 TOLPITS LANE sits on a plot of roughly 0.095 of an acre, or 383m². The below map shows the location of FLAT 1 7 TOLPITS LANE, 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 FLAT 1 7 TOLPITS LANE). 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.
FLAT 1, 7 TOLPITS LANE is located in WATFORD, in the WD18 postcode district. The below map shows the position of No. 7 on TOLPITS LANE.