12, SCHOOLFIELDS, LETCHWORTH GARDEN CITY, SG6 2TZ - £525,000

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 SCHOOLFIELDS is a small extended detached house of 101m², built sometime between 1991 and 1995. It was last sold for £525,000 in May 2021, which was around 17% below the average May 2021 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was February 2021, where the current energy rating was D, and the potential energy rating was C.

12 SCHOOLFIELDS Sold Prices

Land registry data shows two sales for 12 SCHOOLFIELDS 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 12 SCHOOLFIELDS 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
2021 17 MAY	£525,000	£634,681	17% below HPI
2017 7 APR	£437,500	£579,972	25% below HPI

12 SCHOOLFIELDS 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 12 SCHOOLFIELDS sales from April 2017 and May 2021 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 2017 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the May 2021 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 12 SCHOOLFIELDS?

12 SCHOOLFIELDS is 101m², which includes one extension, according to the EPC inspection conducted in February 2021. This puts it in the smallest 30% 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 SCHOOLFIELDS lies on this distribution: 25% of detached houses are smaller than 12 SCHOOLFIELDS, and 74% of houses are larger. Note that EPC data is not available for all properties in Letchworth.

12 SCHOOLFIELDS: Plot and Title Map

12 SCHOOLFIELDS sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 12 SCHOOLFIELDS, 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 SCHOOLFIELDS). 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 SCHOOLFIELDS?

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