17, MURRELL LANE, STOTFOLD, HITCHIN, SG5 4PP - £390,000

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

17 MURRELL LANE is a very small detached house of 94m², built sometime between 1983 and 1990. It was last sold for £390,000 in February 2021, which was around 22% below the average February 2021 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was C.

17 MURRELL LANE Sold Prices

Land registry data shows three sales for 17 MURRELL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Central Bedfordshire local authority area for the corresponding sale date. All of the three 17 MURRELL LANE 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 3 FEB	£390,000	£497,370	22% below HPI
2018 9 JUL	£375,000	£503,472	26% below HPI
2003 4 JUL	£220,000	£269,033	18% below HPI

17 MURRELL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The three 17 MURRELL LANE sales between July 2003 and February 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 July 2018 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the February 2021 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 17 MURRELL LANE?

17 MURRELL LANE is 94m² according to the EPC inspection conducted in February 2018. This puts it in the smallest 20% of detached houses in Stotfold, based on EPC data. The below chart shows the distribution of detached houses by size in Stotfold, and where 17 MURRELL LANE lies on this distribution: 18% of detached houses are smaller than 17 MURRELL LANE, and 82% of houses are larger. Note that EPC data is not available for all properties in Stotfold.

17 MURRELL LANE: Plot and Title Map

17 MURRELL LANE sits on a plot of roughly 0.046 of an acre, or 186m². The below map shows the location of 17 MURRELL LANE, 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 17 MURRELL LANE). 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 17 MURRELL LANE?

17 MURRELL LANE is located in STOTFOLD, in the SG5 postcode district. The below map shows the position of No. 17 on MURRELL LANE.