1A, GREEN LANE, HITCHIN, SG4 0BU - £481,250

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.

1A GREEN LANE is a very small detached house of 92m², which could now be worth an estimated £521,130. It was last sold for £481,250 in December 2020, which was around 33% below the average December 2020 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was July 2020, where the current energy rating was B, and the potential energy rating was A.

1A GREEN LANE Sold Prices

Land registry data shows three sales for 1A GREEN 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 1A GREEN 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
2020 17 DEC	£481,250	£716,767	33% below HPI
2019 10 JUL	£185,000	£664,596	72% below HPI
2006 27 JAN	£155,000	£373,858	59% below HPI

1A GREEN 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 1A GREEN LANE sales between January 2006 and December 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 2019 sale was for 72% below the HPI. So the extrapolation line tracks at 72% below the HPI over time, until the December 2020 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 1A GREEN LANE be worth now?

1A GREEN LANE might now be worth an estimated £521,130.

This is based on house price inflation of 8.3%, between December 2020 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 8.3% inflationary increase is applied to the most recent sale price for 1A GREEN LANE of £481,250 on 17th December 2020. For the value to have increased from £481,250 to £521,130 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 1A GREEN LANE has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The December 2020 sale price of £481,250 represented a fair market value for the property.
• The size, condition, and specification of 1A GREEN LANE has not materially changed since December 2020.

How Large is 1A GREEN LANE?

1A GREEN LANE is 92m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 20% 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 1A GREEN LANE lies on this distribution: 17% of detached houses houses are smaller than 1A GREEN LANE, and 83% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

1A GREEN LANE: Plot and Title Map

1A GREEN LANE sits on a plot of roughly 0.046 of an acre, or 187m². The below map shows the location of 1A GREEN 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 1A GREEN 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 1A GREEN LANE?

1A GREEN LANE is located in HITCHIN, in the SG4 postcode district. The below map shows the position of No. 1A on GREEN LANE.