1, GROVELAND WAY, STOTFOLD, HITCHIN, SG5 4PH - £500,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 GROVELAND WAY is a large extended detached house of 158m², built sometime between 1976 and 1982. It was last sold for £500,000 in March 2024, which was around 13% below the average March 2024 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

1 GROVELAND WAY Sold Prices

Land registry data shows two sales for 1 GROVELAND WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Central Bedfordshire local authority area for the corresponding sale date. Both of the two 1 GROVELAND WAY 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 22 MAR	£500,000	£575,258	13% below HPI
2020 30 OCT	£470,000	£506,484	7% below HPI

1 GROVELAND WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The two 1 GROVELAND WAY sales from October 2020 and March 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 2020 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the March 2024 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 1 GROVELAND WAY?

1 GROVELAND WAY is 158m², which includes two extensions, according to the EPC inspection conducted in July 2020. This puts it in the largest 30% of detached houses in Stotfold, based on EPC data. The below chart shows the distribution of detached houses by size in Stotfold, and where 1 GROVELAND WAY lies on this distribution: 77% of detached houses are smaller than 1 GROVELAND WAY, and 23% of houses are larger. Note that EPC data is not available for all properties in Stotfold.

1 GROVELAND WAY: Plot and Title Map

1 GROVELAND WAY sits on a plot of roughly 0.082 of an acre, or 331m². The below map shows the location of 1 GROVELAND WAY, 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 1 GROVELAND WAY). 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 1 GROVELAND WAY?

1 GROVELAND WAY is located in STOTFOLD, in the SG5 postcode district. The below map shows the position of No. 1 on GROVELAND WAY.