2, FIELD LANE, LETCHWORTH GARDEN CITY, SG6 3LE - £825,000

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

2 FIELD LANE is a large extended detached house of 136m², built sometime before 1900. It was last sold for £825,000 in March 2021, which was around 30% above the average March 2021 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was February 2012, where the current energy rating was E, and the potential energy rating was D.

2 FIELD LANE Sold Prices

Land registry data shows four sales for 2 FIELD LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Hertfordshire local authority area for the corresponding sale date. All of the four 2 FIELD 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
2021 15 MAR	£825,000	£636,751	30% above HPI
2014 21 MAR	£525,000	£440,662	19% above HPI
2007 10 AUG	£515,000	£393,152	31% above HPI
1996 15 MAR	£130,000	£114,257	14% above HPI

2 FIELD 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 four 2 FIELD LANE sales between March 1996 and March 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 March 2014 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the March 2021 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is 2 FIELD LANE?

2 FIELD LANE is 136m², which includes two extensions, according to the EPC inspection conducted in February 2012. This puts it in the largest 40% of detached houses in Letchworth, based on EPC data. The below chart shows the distribution of detached houses by size in Letchworth, and where 2 FIELD LANE lies on this distribution: 61% of detached houses are smaller than 2 FIELD LANE, and 39% of houses are larger. Note that EPC data is not available for all properties in Letchworth.

2 FIELD LANE: Plot and Title Map

2 FIELD LANE sits on a plot of roughly 0.158 of an acre, or 640m². The below map shows the location of 2 FIELD 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 2 FIELD 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 2 FIELD LANE?

2 FIELD LANE is located in LETCHWORTH GARDEN CITY, in the SG6 postcode district. The below map shows the position of No. 2 on FIELD LANE.