15, THE PADDOCK, HITCHIN, SG4 9EF - £700,000

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

15 THE PADDOCK is a large extended detached house of 140m², built sometime between 1996 and 2002. It was last sold for £700,000 in January 2024, which was around 6% below the average January 2024 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was November 2017, where the current energy rating was C, and the potential energy rating was C.

15 THE PADDOCK Sold Prices

Land registry data shows three sales for 15 THE PADDOCK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Hertfordshire local authority area for the corresponding sale date. Two of the three 15 THE PADDOCK sales were for below the average price, whilst one was 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
2024 4 JAN	£700,000	£743,575	6% below HPI
2019 19 JUL	£575,000	£664,596	13% below HPI
1999 25 MAY	£189,000	£173,643	9% above HPI

15 THE PADDOCK 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 three 15 THE PADDOCK sales between May 1999 and January 2024 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 July 2019 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the January 2024 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 15 THE PADDOCK be worth now?

15 THE PADDOCK might now be worth an estimated £745,695.

This is based on house price inflation of 6.5%, between January 2024 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 6.5% inflationary increase is applied to the most recent sale price for 15 THE PADDOCK of £700,000 on 4th January 2024. For the value to have increased from £700,000 to £745,695 over the one month to December 2024, the following assumptions must hold true:

• The value of 15 THE PADDOCK has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The January 2024 sale price of £700,000 represented a fair market value for the property.
• The size, condition, and specification of 15 THE PADDOCK has not materially changed since January 2024.

How Large is 15 THE PADDOCK?

15 THE PADDOCK is 140m², which includes two extensions, according to the EPC inspection conducted in November 2017. This puts it in the largest 40% 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 15 THE PADDOCK lies on this distribution: 64% of detached houses houses are smaller than 15 THE PADDOCK, and 36% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

15 THE PADDOCK: Plot and Title Map

15 THE PADDOCK sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of 15 THE PADDOCK, 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 15 THE PADDOCK). 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 15 THE PADDOCK?

15 THE PADDOCK is located in HITCHIN, in the SG4 postcode district. The below map shows the position of No. 15 on THE PADDOCK.