2, NEWLANDS WAY, POTTERS BAR, EN6 1SG - £1,275,000

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.

2 NEWLANDS WAY is a very large extended detached house of 254m², built sometime between 1967 and 1975, which could now be worth an estimated £1,400,791. It was last sold for £1,275,000 in November 2019, which was around 49% above the average November 2019 detached price in the Welwyn Hatfield local authority area. The most recent EPC inspection was March 2016, where the current energy rating was C, and the potential energy rating was B.

2 NEWLANDS WAY Sold Prices

Land registry data shows two sales for 2 NEWLANDS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Welwyn Hatfield local authority area for the corresponding sale date. Both of the two 2 NEWLANDS WAY 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
2019 13 NOV	£1,275,000	£853,732	49% above HPI
2003 28 JUL	£700,000	£427,619	64% above HPI

2 NEWLANDS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Welwyn Hatfield local authority area over time, sourced from the HPI. The two 2 NEWLANDS WAY sales from July 2003 and November 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 July 2003 sale was for 64% above the HPI. So the extrapolation line tracks at 64% above the HPI over time, until the November 2019 sale, where it falls to 49% above the HPI. The line then continues to track at 49% above the HPI.

What might 2 NEWLANDS WAY be worth now?

2 NEWLANDS WAY might now be worth an estimated £1,400,791.

This is based on house price inflation of 9.9%, between November 2019 and February 2025, for detached houses, in the Welwyn Hatfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.9% inflationary increase is applied to the most recent sale price for 2 NEWLANDS WAY of £1,275,000 on 13th November 2019. For the value to have increased from £1,275,000 to £1,400,791 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 NEWLANDS WAY has moved in line with the HPI for detached houses in the Welwyn Hatfield local authority area.
• The November 2019 sale price of £1,275,000 represented a fair market value for the property.
• The size, condition, and specification of 2 NEWLANDS WAY has not materially changed since November 2019.

How Large is 2 NEWLANDS WAY?

2 NEWLANDS WAY is 254m², which includes two extensions, according to the EPC inspection conducted in March 2016. This puts it in the largest 10% of detached houses houses in Potters Bar, based on EPC data. The below chart shows the distribution of detached houses houses by size in Potters Bar, and where 2 NEWLANDS WAY lies on this distribution: 95% of detached houses houses are smaller than 2 NEWLANDS WAY, and 5% of houses are larger. Note that EPC data is not available for all properties in Potters Bar.

2 NEWLANDS WAY: Plot and Title Map

2 NEWLANDS WAY sits on a plot of roughly 0.297 of an acre, or 1,200m². The below map shows the location of 2 NEWLANDS WAY, 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 NEWLANDS WAY). 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 NEWLANDS WAY?

2 NEWLANDS WAY is located in POTTERS BAR, in the EN6 postcode district. The below map shows the position of No. 2 on NEWLANDS WAY.