12, MILNE CLOSE, LETCHWORTH GARDEN CITY, SG6 2TA - £553,000

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

12 MILNE CLOSE is a very small detached house of 94m², built sometime between 1967 and 1975. It was last sold for £553,000 in October 2020, which was around 15% below the average October 2020 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was December 2012, where the current energy rating was D, and the potential energy rating was B.

12 MILNE CLOSE Sold Prices

Land registry data shows four sales for 12 MILNE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Hertfordshire local authority area for the corresponding sale date. All of the four 12 MILNE CLOSE 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
2020 23 OCT	£553,000	£654,070	15% below HPI
2016 29 APR	£484,995	£567,120	14% below HPI
2013 26 JUL	£357,000	£406,175	12% below HPI
2012 20 SEP	£225,000	£412,735	45% below HPI

12 MILNE CLOSE 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 four 12 MILNE CLOSE sales between September 2012 and October 2020 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 April 2016 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the October 2020 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 12 MILNE CLOSE?

12 MILNE CLOSE is 94m² according to the EPC inspection conducted in December 2012. This puts it in the smallest 20% of detached houses in Letchworth, based on EPC data. The below chart shows the distribution of detached houses by size in Letchworth, and where 12 MILNE CLOSE lies on this distribution: 18% of detached houses are smaller than 12 MILNE CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Letchworth.

12 MILNE CLOSE: Plot and Title Map

12 MILNE CLOSE sits on a plot of roughly 0.714 of an acre, or 2,888m². The below map shows the location of 12 MILNE CLOSE, 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 12 MILNE CLOSE). 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 12 MILNE CLOSE?

12 MILNE CLOSE is located in LETCHWORTH GARDEN CITY, in the SG6 postcode district. The below map shows the position of No. 12 on MILNE CLOSE.