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Borehamwood House Prices Borehamwood House Prices

The average house price in Borehamwood is £524,400 using HM Land Registry data.

The average property price increased by £211,861 (49.59%) over the last 5 years and increased by £42,343 (7.1%) over the last 12 months.

Over the last year, there were 267 residential property sales – a decrease of 105 transactions (-39.33%) relative to the previous year. The majority of house sales (79) were in the £390,000 - £500,000 range. Then came properties in the £280,000 - £390,000 range, where 52 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 67 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-25,098 (-2%).

In April 2024, there were 81 new estate agency instructions, 39 agreed home sales and 38 property price reductions.

Postcodes Covered: EN5, NW7, WD6, WD7

5-Year Average Property Prices in Borehamwood

49.59%

Property prices in Borehamwood increased by 49.59% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Borehamwood Over the Last Year

7.1%

Property prices in Borehamwood increased by 7.1% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Borehamwood - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Borehamwood

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Borehamwood

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Borehamwood

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Borehamwood since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Borehamwood area since 1995.

Recent Property Sales in Borehamwood

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
12 Clare Close, Elstree, Borehamwood, Hertfordshire, WD6 3NJ£1,150,000£1,075,000-£75,00011 Dec 202313 Mar 202493 Days
12 Lexington Close, Borehamwood, Hertfordshire, WD6 1UT£225,000£200,000-£25,00008 Jan 202429 Feb 202452 Days
50 Milton Drive, Borehamwood, Hertfordshire, WD6 2BB£425,000£412,000-£13,00025 Sep 202319 Feb 2024147 Days
61 Whitehouse Avenue, Borehamwood, Hertfordshire, WD6 1HA£699,950£650,000-£49,95002 Sep 202326 Jan 2024146 Days
85 Stratfield Road, Borehamwood, Hertfordshire, WD6 1UQ£375,000£375,000£0024 Jun 201908 Dec 20231628 Days
8 Carlton Close, Borehamwood, Hertfordshire, WD6 2QR£400,000£385,000-£15,00001 Aug 202308 Dec 2023129 Days
1 Green Street, Borehamwood, Hertfordshire, WD6 5NE£525,000£505,000-£20,00008 Aug 202308 Dec 2023122 Days
13 Knowl Park, Elstree, Borehamwood, Hertfordshire, WD6 3NQ£399,999£388,800-£11,19930 Oct 202307 Dec 202338 Days
7 Bennington Drive, Borehamwood, Hertfordshire, WD6 4QN£575,000£530,000-£45,00030 Jun 202305 Dec 2023158 Days
76 Deacons Hill Road, Elstree, Borehamwood, Hertfordshire, WD6 3JG£2,250,000£2,125,000-£125,00003 May 202301 Dec 2023212 Days
30 Carrington Avenue, Borehamwood, Hertfordshire, WD6 2HA£895,000£825,000-£70,00012 May 202301 Dec 2023203 Days
323 Shenley Road, Borehamwood, Hertfordshire, WD6 1TH£525,000£507,000-£18,00027 Jun 202324 Nov 2023150 Days
68 Manor Way, Borehamwood, Hertfordshire, WD6 1QY£439,950£425,000-£14,95010 Jul 202317 Nov 2023130 Days
Flat 2, Sommerville Court, Alconbury Close, Borehamwood, Hertfordshire, WD6 4QH£300,000£290,000-£10,00010 Aug 202317 Nov 202399 Days
35 Cavendish Crescent, Elstree, Borehamwood, Hertfordshire, WD6 3JW£650,000£650,000£0024 Jul 202310 Nov 2023109 Days
136 Theobald Street, Borehamwood, Hertfordshire, WD6 4PA£480,000£445,000-£35,00031 Oct 202203 Nov 2023368 Days
89 Wordsworth Gardens, Borehamwood, Hertfordshire, WD6 2AB£615,000£590,000-£25,00003 Oct 202330 Oct 202327 Days
29 Cromwell Road, Borehamwood, Hertfordshire, WD6 4LW£459,950£442,000-£17,95010 May 202327 Oct 2023170 Days
4 Audley Close, Borehamwood, Hertfordshire, WD6 1UF£499,950£498,000-£1,95019 May 202327 Oct 2023161 Days
53 Coleridge Way, Borehamwood, Hertfordshire, WD6 2AE£625,000£595,000-£30,00012 Apr 202326 Oct 2023197 Days

Most Expensive Streets in Borehamwood

PostcodeStreetAreaAverageNo. of Sales
WD6 3FRThe StablesElstree£2,090,0003
WD6 3PWBarham AvenueElstree£1,907,5006
WD6 3PNBarham AvenueElstree£1,891,6666
WD6 3QZBarnet LaneElstree£1,835,0005
WD6 3PDBlattner CloseElstree£1,618,7504
WD6 3JGDeacons Hill RoadElstree£1,489,5005
WD6 3PSLinks DriveElstree£1,453,7504
WD6 3LHDeacons Hill RoadElstree£1,417,5004
WD6 3HZDeacons Hill RoadElstree£1,398,7504
WD6 3NDLodge AvenueElstree£1,362,0005

Least Expensive Streets in Borehamwood

PostcodeStreetAreaAverageNo. of Sales
WD6 5NJLion CourtBorehamwood£205,3336
WD6 2SPHunter WalkBorehamwood£206,5004
WD6 2DQFairbanks LodgeFurzehill Road£208,91612
WD6 1LZCorfe CloseBorehamwood£221,6663
WD6 5BLAyot PathBorehamwood£230,0003
WD6 1FRFoster HouseMaxwell Road£235,2005
WD6 1TFBaker CourtShenley Road£250,6005
WD6 1PPEldon AvenueBorehamwood£256,0354
WD6 1AGShenley RoadBorehamwood£261,6666
WD6 1FSFoster HouseMaxwell Road£269,1663

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