1, THE ASPENS, HITCHIN, SG4 9NB - £735,000

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 THE ASPENS is a midsized extended detached house of 130m², built sometime between 1967 and 1975. It was last sold for £735,000 in September 2022, which was around 4% below the average September 2022 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

1 THE ASPENS Sold Prices

Land registry data shows three sales for 1 THE ASPENS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Hertfordshire local authority area for the corresponding sale date. All of the three 1 THE ASPENS 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
2022 16 SEP	£735,000	£765,758	4% below HPI
2015 1 DEC	£575,000	£602,111	5% below HPI
2015 25 JUN	£450,000	£546,451	18% below HPI

1 THE ASPENS 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 three 1 THE ASPENS sales between June 2015 and September 2022 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 December 2015 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the September 2022 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 1 THE ASPENS be worth now?

1 THE ASPENS might now be worth an estimated £760,297.

This is based on house price inflation of 3.4%, between September 2022 and December 2024, 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 3.4% inflationary increase is applied to the most recent sale price for 1 THE ASPENS of £735,000 on 16th September 2022. For the value to have increased from £735,000 to £760,297 over the one year and nine months to December 2024, the following assumptions must hold true:

• The value of 1 THE ASPENS has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The September 2022 sale price of £735,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE ASPENS has not materially changed since September 2022.

How Large is 1 THE ASPENS?

1 THE ASPENS is 130m², which includes three extensions, according to the EPC inspection conducted in March 2022. This puts it in the largest 50% of detached houses houses in Hitchin, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hitchin, and where 1 THE ASPENS lies on this distribution: 55% of detached houses houses are smaller than 1 THE ASPENS, and 44% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

1 THE ASPENS: Plot and Title Map

1 THE ASPENS sits on a plot of roughly 0.079 of an acre, or 320m². The below map shows the location of 1 THE ASPENS, 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 THE ASPENS). 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 THE ASPENS?

1 THE ASPENS is located in HITCHIN, in the SG4 postcode district. The below map shows the position of No. 1 on THE ASPENS.