18, MILL LANE, GOSMORE, HITCHIN, SG4 7RL - £940,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

18 MILL LANE is a small extended detached house of 148m², built sometime between 1950 and 1966. It was last sold for £940,000 in June 2020, which was around 51% above the average June 2020 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

18 MILL LANE Sold Prices

Land registry data shows three sales for 18 MILL 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 North Hertfordshire local authority area for the corresponding sale date. All of the three 18 MILL LANE 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
2020 25 JUN	£940,000	£621,742	51% above HPI
2006 28 JUL	£625,000	£366,303	71% above HPI
2001 31 AUG	£285,000	£236,579	20% above HPI

18 MILL LANE 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 18 MILL LANE sales between August 2001 and June 2020 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 2006 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the June 2020 sale, where it falls to 51% above the HPI. The line then continues to track at 51% above the HPI.

How Large is 18 MILL LANE?

18 MILL LANE is 148m², which includes three extensions, according to the EPC inspection conducted in July 2018. This puts it in the smallest 30% of detached houses in Gosmore, based on EPC data. The below chart shows the distribution of detached houses by size in Gosmore, and where 18 MILL LANE lies on this distribution: 21% of detached houses are smaller than 18 MILL LANE, and 79% of houses are larger. Note that EPC data is not available for all properties in Gosmore.

18 MILL LANE: Plot and Title Map

18 MILL LANE sits on a plot of roughly 0.274 of an acre, or 1,107m². The below map shows the location of 18 MILL 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 18 MILL 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 18 MILL LANE?

18 MILL LANE is located in GOSMORE, in the SG4 postcode district. The below map shows the position of No. 18 on MILL LANE.