24, GIBSON CLOSE, HITCHIN, SG4 0RS - £171,000

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

24 GIBSON CLOSE is a small detached house of 101m², built sometime between 1991 and 1995. It was last sold for £171,000 in September 1999, which was around 11% below the average September 1999 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was December 2014, where the current energy rating was D, and the potential energy rating was B.

24 GIBSON CLOSE Sold Prices

Land registry data shows two sales for 24 GIBSON 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 24 GIBSON 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 3 SEP	£171,000	£193,206	11% below HPI
1996 17 APR	£101,500	£124,280	18% below HPI

24 GIBSON 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 24 GIBSON CLOSE sales from April 1996 and September 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 1996 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 1999 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 24 GIBSON CLOSE be worth now?

24 GIBSON CLOSE might now be worth an estimated £701,073.

This is based on house price inflation of 310%, between September 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 310% inflationary increase is applied to the most recent sale price for 24 GIBSON CLOSE of £171,000 on 3rd September 1999. For the value to have increased from £171,000 to £701,073 over the 24 years and nine months to December 2024, the following assumptions must hold true:

• The value of 24 GIBSON CLOSE has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The September 1999 sale price of £171,000 represented a fair market value for the property.
• The size, condition, and specification of 24 GIBSON CLOSE has not materially changed since September 1999.

How Large is 24 GIBSON CLOSE?

24 GIBSON CLOSE is 101m² according to the EPC inspection conducted in December 2014. This puts it in the smallest 30% 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 24 GIBSON CLOSE lies on this distribution: 25% of detached houses houses are smaller than 24 GIBSON CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

24 GIBSON CLOSE: Plot and Title Map

24 GIBSON CLOSE sits on a plot of roughly 0.075 of an acre, or 304m². The below map shows the location of 24 GIBSON 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 24 GIBSON 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 24 GIBSON CLOSE?

24 GIBSON CLOSE is located in HITCHIN, in the SG4 postcode district. The below map shows the position of No. 24 on GIBSON CLOSE.