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House Prices in WD7

The average house price in WD7 (Radlett) is £721,943 using HM Land Registry data.

The average property price increased by £231,966 (14.41%) over the last 5 years and increased by £46,479 (2.36%) over the last 12 months.

Over the last year, there were 123 residential property sales – a decrease of 68 transactions (-55.28%) relative to the previous year. The majority of house sales (46) were in the £400,000 - £690,000 range. Then came properties in the £690,000 - £980,000 range, where 23 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 110 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-26,650 (-2%).

In Oct 24, there were 28 new estate agency instructions, 14 agreed home sales and 15 property price reductions.

5-Year Average Property Prices in WD7 (Radlett)

14.41%

Property prices in Radlett increased by 14.41% 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 WD7 (Radlett) Over the Last Year

2.36%

Property prices in Radlett increased by 2.36% 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.

Property Market Heat Gauge for WD7 (Radlett) - Oct 24

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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 WD7 (Radlett)

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 WD7 (Radlett)

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 WD7 (Radlett)

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 WD7 (Radlett) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the WD7 postcode area since 1995.

Recent Sales in WD7 (Radlett)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
12 Halliday Close, Shenley, Radlett, Hertfordshire, WD7 9JZ	£435,000	£416,000	-£19,000	18 Jan 2024	16 Aug 2024	211 Days
36 Hamblings Close, Shenley, Radlett, Hertfordshire, WD7 9JJ	£450,000	£440,000	-£10,000	22 Mar 2024	24 Jul 2024	124 Days
Hillside, Gills Hill Lane, Radlett, Hertfordshire, WD7 8DB	£1,650,000	£1,540,000	-£110,000	04 Dec 2023	28 Jun 2024	207 Days
13 Raphael Close, Shenley, Radlett, Hertfordshire, WD7 9JG	£499,950	£475,000	-£24,950	04 Jan 2024	18 Jun 2024	166 Days
7 The Close, Radlett, Hertfordshire, WD7 8HA	£1,250,000	£1,228,000	-£22,000	27 Feb 2024	14 Jun 2024	108 Days
40 Craigmount, Radlett, Hertfordshire, WD7 7LW	£350,000	£320,000	-£30,000	19 Apr 2024	14 Jun 2024	56 Days
17 Rendlesham Avenue, Radlett, Hertfordshire, WD7 8PF	£849,950	£835,000	-£14,950	12 Mar 2024	12 Jun 2024	92 Days
2 Barn Close, Radlett, Hertfordshire, WD7 8LN	£1,595,000	£1,540,000	-£55,000	16 Oct 2023	30 May 2024	227 Days
67 Gills Hill Lane, Radlett, Hertfordshire, WD7 8PD	£775,000	£743,000	-£32,000	21 Dec 2023	24 May 2024	155 Days
8 Hadleigh Close, Shenley, Radlett, Hertfordshire, WD7 9LT	£625,000	£625,000	£00	05 Feb 2024	21 May 2024	106 Days
23 Sherland Court, Radlett, Hertfordshire, WD7 8JG	£350,000	£320,000	-£30,000	27 Nov 2023	15 May 2024	170 Days
5 Fielders Way, Shenley, Radlett, Hertfordshire, WD7 9EY	£600,000	£575,000	-£25,000	03 Oct 2023	22 Apr 2024	202 Days
Station House, Shenley Hill, Radlett, Hertfordshire, WD7 7AR	£950,000	£910,000	-£40,000	21 Sep 2023	19 Apr 2024	211 Days
6 Gills Hill, Radlett, Hertfordshire, WD7 8BZ	£895,000	£890,000	-£5,000	04 Jan 2024	19 Apr 2024	106 Days
4 Homefield Road, Radlett, Hertfordshire, WD7 8PY	£1,500,000	£1,440,000	-£60,000	14 Sep 2023	28 Mar 2024	196 Days
26 Nell Gwynn Close, Shenley, Radlett, Hertfordshire, WD7 9JA	£500,000	£485,000	-£15,000	27 Sep 2023	28 Mar 2024	183 Days
21 Newberries Avenue, Radlett, Hertfordshire, WD7 7EJ	£2,600,000	£2,530,000	-£70,000	11 Oct 2023	01 Mar 2024	142 Days
51 Phillimore Place, Radlett, Hertfordshire, WD7 8NH	£700,000	£690,000	-£10,000	18 Oct 2023	28 Feb 2024	133 Days
4 Cobden Hill, Radlett, Hertfordshire, WD7 7JP	£900,000	£810,000	-£90,000	20 Apr 2022	23 Feb 2024	674 Days
16 Rendlesham Avenue, Radlett, Hertfordshire, WD7 8PF	£835,000	£820,000	-£15,000	02 Oct 2023	22 Feb 2024	143 Days

Most Expensive Streets in WD7 (Radlett)

Postcode	Street	Area	Average	No. of Sales
WD7 8EH	Newlands Avenue	Radlett	£4,670,000	5
WD7 8PR	The Ridgeway	Radlett	£3,683,333	3
WD7 8NX	Loom Lane	Radlett	£3,335,000	4
WD7 8EL	Newlands Avenue	Radlett	£3,010,000	10
WD7 8JB	The Pathway	Radlett	£2,807,833	3
WD7 8LT	Abbey View	Radlett	£2,672,500	3
WD7 8PZ	The Ridgeway	Radlett	£2,573,000	5
WD7 8HY	Aldenham Avenue	Radlett	£2,418,333	3
WD7 7DS	The Warren	Radlett	£2,132,000	5
WD7 8JA	Aldenham Avenue	Radlett	£2,088,750	4

Least Expensive Streets in WD7 (Radlett)

Postcode	Street	Area	Average	No. of Sales
WD7 9EE	Hawksmoor, Shenley	Radlett	£234,000	4
WD7 8JT	Scrubbitts Square	Radlett	£249,500	3
WD7 7AQ	Watling Street	Radlett	£287,000	6
WD7 7JA	Brook Court	Radlett	£310,000	7
WD7 7JG	Oakbank, Watling Street, Radlett	Radlett	£331,250	4
WD7 8JG	Sherland Court	Radlett	£333,583	3
WD7 7LW	Craigmount	Radlett	£349,605	12
WD7 7NQ	Watling Street	Radlett	£362,250	5
WD7 9ET	Birchwood, Newcome Road	Radlett	£366,500	5
WD7 9JZ	Halliday Close, Shenley	Radlett	£385,363	11