8, Novello Way
8, Novello Way
Description & Estimates
8, Novello Way, Borehamwood is recorded publicly as a modern freehold house across 645 ft2 of internal area, sitting on a 92.9 m2 plot.
Locally, houses of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 8, Novello Way, Borehamwood is £416,619 and its rental estimate is £2,112 per month, given the available information and assuming reasonable condition.
Novello Way, Borehamwood, WD6 falls within the WD6 postal district, in the borough of Hertsmere.
Our Data Sources
8, Novello Way, Borehamwood has a single entry in the Land Registry from September 2021 and a single entry in the EPC database dated April 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 8, Novello Way, Borehamwood, we estimate a market value of £437,450 and a rental value of £2,217 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £387,456 and £1,964 per month respectively.
Recent Market Change
Over the last year, 8, Novello Way, Borehamwood has seen its estimated sale value drop by £2,496 (0.6%) and its estimated rental value rise by £69 per month (3.3%). This results in an estimated gross rental yield of 6.1%.
Plot Size
HM Land Registry records the plot of land for 8, Novello Way, Borehamwood as measuring 93 m2.
That makes it the 39th largest plot in the postcode, where all 39 other houses have recorded plot data.
Energy Efficiency
8, Novello Way, Borehamwood has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Apr 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 8, Novello Way, Borehamwood completed on 17th September 2021 at £410,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 6.2% over the period since September 2021.
- Sold Sep 2021£410,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 8, Novello Way, Borehamwood have sold within a radius of 770 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 28th August 2024, was 19, Milland Court, Borehamwood, WD6 5RX, a freehold house which sold for £427,500.
Read more about house prices in WD6.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Similar Properties Let Nearby
Over the past 2 years our Estate Agent network has recorded 1 let of a property comparable to 8, Novello Way, Borehamwood, all within 770 metres.
The latest, in July 2024, was 18, Bray Close, Borehamwood, WD6 5NH, a freehold house let by Robert Lewis Property.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Location Comparison
Of the 39 addresses on Novello Way, Borehamwood, WD6, 8, Novello Way, Borehamwood comes out as the 33rd largest and the 32nd most expensive in our analysis of the public data.
It is also £195k less expensive than the average property across the WD6 district.
More reading links
Schools Nearby
- 1.0kmWoodlands Primary School
- 1.1kmCowley Hill School
- 1.1kmSt Teresa Catholic Primary School
- 600mHertswood Academy
- 700mElstree Screen Arts Academy
- 1.5kmYavneh College
More reading links
Public Transport Nearby
From 8, Novello Way, Borehamwood, the nearest station is Elstree & Borehamwood, 2.1 kilometres away.
- 2.1kmElstree & Borehamwood
- 4.6kmRadlett
- 4.7kmHigh Barnet
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
