24, THE RIDGEWAY, CODICOTE, HITCHIN, SG4 8YP - £295,000

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 THE RIDGEWAY is a small extended semi-detached house of 115m², built sometime between 1967 and 1975, which could now be worth an estimated £549,096. It was last sold for £295,000 in July 2007, which was around 19% above the average July 2007 semi-detached price in the North Hertfordshire local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was C.

24 THE RIDGEWAY Sold Prices

Land registry data shows two sales for 24 THE RIDGEWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the North Hertfordshire local authority area for the corresponding sale date. Both of the two 24 THE RIDGEWAY 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
2007 3 JUL	£295,000	£247,964	19% above HPI
1998 29 MAY	£133,000	£91,314	46% above HPI

24 THE RIDGEWAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North Hertfordshire local authority area over time, sourced from the HPI. The two 24 THE RIDGEWAY sales from May 1998 and July 2007 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 1998 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the July 2007 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 24 THE RIDGEWAY be worth now?

24 THE RIDGEWAY might now be worth an estimated £549,096.

This is based on house price inflation of 86.1%, between July 2007 and February 2025, for semi-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 86.1% inflationary increase is applied to the most recent sale price for 24 THE RIDGEWAY of £295,000 on 3rd July 2007. For the value to have increased from £295,000 to £549,096 over the eighteen years and five months to February 2025, the following assumptions must hold true:

• The value of 24 THE RIDGEWAY has moved in line with the HPI for semi-detached houses in the North Hertfordshire local authority area.
• The July 2007 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 24 THE RIDGEWAY has not materially changed since July 2007.

How Large is 24 THE RIDGEWAY?

24 THE RIDGEWAY is 115m², which includes two extensions, according to the EPC inspection conducted in May 2011. This puts it in the smallest 40% of semi-detached houses houses in Codicote, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Codicote, and where 24 THE RIDGEWAY lies on this distribution: 39% of semi-detached houses houses are smaller than 24 THE RIDGEWAY, and 61% of houses are larger. Note that EPC data is not available for all properties in Codicote.

24 THE RIDGEWAY: Plot and Title Map

24 THE RIDGEWAY sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 24 THE RIDGEWAY, 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 THE RIDGEWAY). 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 THE RIDGEWAY?

24 THE RIDGEWAY is located in CODICOTE, in the SG4 postcode district. The below map shows the position of No. 24 on THE RIDGEWAY.