1, NEW TOWN, CODICOTE, HITCHIN, SG4 8UG - £325,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 NEW TOWN is a midsized extended detached house of 120m², built sometime before 1900, which could now be worth an estimated £574,451. It was last sold for £325,000 in December 2012, which was around 26% below the average December 2012 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was November 2008, where the current energy rating was E, and the potential energy rating was D.

1 NEW TOWN Sold Prices

Land registry data shows two sales for 1 NEW TOWN since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Hertfordshire local authority area for the corresponding sale date. Both of the two 1 NEW TOWN 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
2012 20 DEC	£325,000	£439,120	26% below HPI
2003 27 AUG	£325,000	£338,136	4% below HPI

1 NEW TOWN Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Hertfordshire local authority area over time, sourced from the HPI. The two 1 NEW TOWN sales from August 2003 and December 2012 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 August 2003 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the December 2012 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 1 NEW TOWN be worth now?

1 NEW TOWN might now be worth an estimated £574,451.

This is based on house price inflation of 76.8%, between December 2012 and February 2025, for detached houses, in the North Hertfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 76.8% inflationary increase is applied to the most recent sale price for 1 NEW TOWN of £325,000 on 20th December 2012. For the value to have increased from £325,000 to £574,451 over the thirteen years and ten months to February 2025, the following assumptions must hold true:

• The value of 1 NEW TOWN has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The December 2012 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 1 NEW TOWN has not materially changed since December 2012.

How Large is 1 NEW TOWN?

1 NEW TOWN is 120m², which includes one extension, according to the EPC inspection conducted in November 2008. This puts it in the smallest 50% of detached houses houses in Codicote, based on EPC data. The below chart shows the distribution of detached houses houses by size in Codicote, and where 1 NEW TOWN lies on this distribution: 47% of detached houses houses are smaller than 1 NEW TOWN, and 53% of houses are larger. Note that EPC data is not available for all properties in Codicote.

1 NEW TOWN: Plot and Title Map

1 NEW TOWN sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 1 NEW TOWN, 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 NEW TOWN). 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 NEW TOWN?

1 NEW TOWN is located in CODICOTE, in the SG4 postcode district. The below map shows the position of No. 1 on NEW TOWN.