22, MILL LANE, GOSMORE, HITCHIN, SG4 7RL - £1,155,000

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.

22 MILL LANE is a very large extended detached house of 271m², built sometime between 1976 and 1982, which could now be worth an estimated £1,354,890. It was last sold for £1,155,000 in April 2020, which was around 75% above the average April 2020 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was October 2019, where the current energy rating was C, and the potential energy rating was C.

22 MILL LANE Sold Prices

Land registry data shows two sales for 22 MILL LANE 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 22 MILL 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
2020 28 APR	£1,155,000	£661,654	75% above HPI
2013 30 MAY	£775,000	£436,080	78% above HPI

22 MILL 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 two 22 MILL LANE sales from May 2013 and April 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 May 2013 sale was for 78% above the HPI. So the extrapolation line tracks at 78% above the HPI over time, until the April 2020 sale, where it falls to 75% above the HPI. The line then continues to track at 75% above the HPI.

What might 22 MILL LANE be worth now?

22 MILL LANE might now be worth an estimated £1,354,890.

This is based on house price inflation of 17.3%, between April 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 17.3% inflationary increase is applied to the most recent sale price for 22 MILL LANE of £1,155,000 on 28th April 2020. For the value to have increased from £1,155,000 to £1,354,890 over the five years and two months to February 2025, the following assumptions must hold true:

• The value of 22 MILL LANE has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The April 2020 sale price of £1,155,000 represented a fair market value for the property.
• The size, condition, and specification of 22 MILL LANE has not materially changed since April 2020.

How Large is 22 MILL LANE?

22 MILL LANE is 271m², which includes two extensions, according to the EPC inspection conducted in October 2019. This puts it in the largest 20% of detached houses houses in Gosmore, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gosmore, and where 22 MILL LANE lies on this distribution: 87% of detached houses houses are smaller than 22 MILL LANE, and 13% of houses are larger. Note that EPC data is not available for all properties in Gosmore.

22 MILL LANE: Plot and Title Map

22 MILL LANE sits on a plot of roughly 0.320 of an acre, or 1,296m². The below map shows the location of 22 MILL 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 22 MILL 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 22 MILL LANE?

22 MILL LANE is located in GOSMORE, in the SG4 postcode district. The below map shows the position of No. 22 on MILL LANE.