124, PARKWAY, WELWYN GARDEN CITY, AL8 6HN - £1,040,000

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

124 PARKWAY is a very large extended detached house of 241m², built sometime between 1930 and 1949, which could now be worth an estimated £1,101,640. It was last sold for £1,040,000 in November 2019, which was around 22% above the average November 2019 detached price in the Welwyn Hatfield local authority area. The most recent EPC inspection was July 2024, where the current energy rating was C, and the potential energy rating was B.

124 PARKWAY Sold Prices

Land registry data shows two sales for 124 PARKWAY 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 124 PARKWAY sales were for above 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
2019 14 NOV	£1,040,000	£853,732	22% above HPI
2015 17 DEC	£1,000,000	£734,458	36% above HPI

124 PARKWAY 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 124 PARKWAY sales from December 2015 and November 2019 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 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the November 2019 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 124 PARKWAY be worth now?

124 PARKWAY might now be worth an estimated £1,101,640.

This is based on house price inflation of 5.9%, between November 2019 and December 2024, for detached houses, in the Welwyn Hatfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.9% inflationary increase is applied to the most recent sale price for 124 PARKWAY of £1,040,000 on 14th November 2019. For the value to have increased from £1,040,000 to £1,101,640 over the four years and eleven months to December 2024, the following assumptions must hold true:

• The value of 124 PARKWAY has moved in line with the HPI for detached houses in the Welwyn Hatfield local authority area.
• The November 2019 sale price of £1,040,000 represented a fair market value for the property.
• The size, condition, and specification of 124 PARKWAY has not materially changed since November 2019.

How Large is 124 PARKWAY?

124 PARKWAY is 241m², which includes one extension, according to the EPC inspection conducted in July 2024. This puts it in the largest 10% of detached houses houses in Welwyn Garden City, based on EPC data. The below chart shows the distribution of detached houses houses by size in Welwyn Garden City, and where 124 PARKWAY lies on this distribution: 94% of detached houses houses are smaller than 124 PARKWAY, and 6% of houses are larger. Note that EPC data is not available for all properties in Welwyn Garden City.

124 PARKWAY: Plot and Title Map

124 PARKWAY sits on a plot of roughly 1.8 acres, or 7,280m². The below map shows the location of 124 PARKWAY, 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 124 PARKWAY). 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 124 PARKWAY?

124 PARKWAY is located in WELWYN GARDEN CITY, in the AL8 postcode district. The below map shows the position of No. 124 on PARKWAY.