2, BESSEMER CLOSE, HITCHIN, SG5 1AG - £182,000

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

2 BESSEMER CLOSE is a very large extended detached house of 177m², built sometime between 1991 and 1995. It was last sold for £182,000 in August 1999, which was around 4% below the average August 1999 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was July 2016, where the current energy rating was E, and the potential energy rating was C.

2 BESSEMER CLOSE Sold Prices

Land registry data shows two sales for 2 BESSEMER CLOSE 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 2 BESSEMER CLOSE 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
1999 6 AUG	£182,000	£188,663	4% below HPI
1997 7 APR	£125,000	£134,062	7% below HPI

2 BESSEMER CLOSE 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 2 BESSEMER CLOSE sales from April 1997 and August 1999 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 April 1997 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the August 1999 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 2 BESSEMER CLOSE be worth now?

2 BESSEMER CLOSE might now be worth an estimated £764,139.

This is based on house price inflation of 319.9%, between August 1999 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 319.9% inflationary increase is applied to the most recent sale price for 2 BESSEMER CLOSE of £182,000 on 6th August 1999. For the value to have increased from £182,000 to £764,139 over the 24 years and eight months to December 2024, the following assumptions must hold true:

• The value of 2 BESSEMER CLOSE has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The August 1999 sale price of £182,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BESSEMER CLOSE has not materially changed since August 1999.

How Large is 2 BESSEMER CLOSE?

2 BESSEMER CLOSE is 177m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the largest 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 2 BESSEMER CLOSE lies on this distribution: 84% of detached houses houses are smaller than 2 BESSEMER CLOSE, and 16% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

2 BESSEMER CLOSE: Plot and Title Map

2 BESSEMER CLOSE sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 2 BESSEMER CLOSE, 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 2 BESSEMER CLOSE). 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 2 BESSEMER CLOSE?

2 BESSEMER CLOSE is located in HITCHIN, in the SG5 postcode district. The below map shows the position of No. 2 on BESSEMER CLOSE.