18, OLDEN MEAD, LETCHWORTH GARDEN CITY, SG6 2SP - £427,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

18 OLDEN MEAD is a very small extended detached house of 73m², built sometime between 1967 and 1975, which could now be worth an estimated £504,092. It was last sold for £427,500 in May 2019, which was around 35% below the average May 2019 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

18 OLDEN MEAD Sold Prices

Land registry data shows two sales for 18 OLDEN MEAD 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 18 OLDEN MEAD 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
2019 22 MAY	£427,500	£658,233	35% below HPI
2004 30 JAN	£239,000	£342,553	30% below HPI

18 OLDEN MEAD 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 18 OLDEN MEAD sales from January 2004 and May 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 January 2004 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the May 2019 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 18 OLDEN MEAD be worth now?

18 OLDEN MEAD might now be worth an estimated £504,092.

This is based on house price inflation of 17.9%, between May 2019 and February 2025, 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 17.9% inflationary increase is applied to the most recent sale price for 18 OLDEN MEAD of £427,500 on 22nd May 2019. For the value to have increased from £427,500 to £504,092 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 18 OLDEN MEAD has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The May 2019 sale price of £427,500 represented a fair market value for the property.
• The size, condition, and specification of 18 OLDEN MEAD has not materially changed since May 2019.

How Large is 18 OLDEN MEAD?

18 OLDEN MEAD is 73m², which includes two extensions, according to the EPC inspection conducted in March 2018. This puts it in the smallest 10% of detached houses houses in Letchworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Letchworth, and where 18 OLDEN MEAD lies on this distribution: 5% of detached houses houses are smaller than 18 OLDEN MEAD, and 94% of houses are larger. Note that EPC data is not available for all properties in Letchworth.

18 OLDEN MEAD: Plot and Title Map

18 OLDEN MEAD sits on a plot of roughly 0.204 of an acre, or 827m². The below map shows the location of 18 OLDEN MEAD, 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 OLDEN MEAD). 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 OLDEN MEAD?

18 OLDEN MEAD is located in LETCHWORTH GARDEN CITY, in the SG6 postcode district. The below map shows the position of No. 18 on OLDEN MEAD.