12, THE REEDS, WELWYN GARDEN CITY, AL7 3BN - £715,000

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 THE REEDS is a midsized extended detached house of 128m², built sometime between 1991 and 1995. It was last sold for £715,000 in March 2023, which was around 22% below the average March 2023 detached price in the Welwyn Hatfield local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was B.

12 THE REEDS Sold Prices

Land registry data shows two sales for 12 THE REEDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Welwyn Hatfield local authority area for the corresponding sale date. Both of the two 12 THE REEDS 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
2023 8 MAR	£715,000	£922,380	22% below HPI
1995 30 JUN	£128,500	£154,614	17% below HPI

12 THE REEDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Welwyn Hatfield local authority area over time, sourced from the HPI. The two 12 THE REEDS sales from June 1995 and March 2023 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 June 1995 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the March 2023 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 12 THE REEDS?

12 THE REEDS is 128m², which includes two extensions, according to the EPC inspection conducted in September 2021. This puts it in the largest 50% of detached houses in Welwyn Garden City, based on EPC data. The below chart shows the distribution of detached houses by size in Welwyn Garden City, and where 12 THE REEDS lies on this distribution: 51% of detached houses are smaller than 12 THE REEDS, and 48% of houses are larger. Note that EPC data is not available for all properties in Welwyn Garden City.

12 THE REEDS: Plot and Title Map

12 THE REEDS sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of 12 THE REEDS, 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 THE REEDS). 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 THE REEDS?

12 THE REEDS is located in WELWYN GARDEN CITY, in the AL7 postcode district. The below map shows the position of No. 12 on THE REEDS.