14, THE RIDGEWAY, HITCHIN, SG5 2BT - £505,000

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

14 THE RIDGEWAY is a midsized extended detached house of 129m², built sometime between 1950 and 1966. It was last sold for £505,000 in May 2015, which was around 6% below the average May 2015 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

14 THE RIDGEWAY Sold Prices

Land registry data shows two sales for 14 THE RIDGEWAY 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 14 THE RIDGEWAY 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
2015 15 MAY	£505,000	£537,519	6% below HPI
2014 5 SEP	£478,250	£504,778	5% below HPI

14 THE RIDGEWAY 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 14 THE RIDGEWAY sales from September 2014 and May 2015 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 September 2014 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the May 2015 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 14 THE RIDGEWAY be worth now?

14 THE RIDGEWAY might now be worth an estimated £744,192.

This is based on house price inflation of 47.4%, between May 2015 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 47.4% inflationary increase is applied to the most recent sale price for 14 THE RIDGEWAY of £505,000 on 15th May 2015. For the value to have increased from £505,000 to £744,192 over the eight years and five months to December 2024, the following assumptions must hold true:

• The value of 14 THE RIDGEWAY has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The May 2015 sale price of £505,000 represented a fair market value for the property.
• The size, condition, and specification of 14 THE RIDGEWAY has not materially changed since May 2015.

How Large is 14 THE RIDGEWAY?

14 THE RIDGEWAY is 129m², which includes one extension, according to the EPC inspection conducted in May 2014. 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 14 THE RIDGEWAY lies on this distribution: 54% of detached houses houses are smaller than 14 THE RIDGEWAY, and 45% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

14 THE RIDGEWAY: Plot and Title Map

14 THE RIDGEWAY sits on a plot of roughly 0.245 of an acre, or 990m². The below map shows the location of 14 THE RIDGEWAY, 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 14 THE RIDGEWAY). 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 14 THE RIDGEWAY?

14 THE RIDGEWAY is located in HITCHIN, in the SG5 postcode district. The below map shows the position of No. 14 on THE RIDGEWAY.