3, ASPEN WAY, WELWYN GARDEN CITY, AL7 1HR - £500,000

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.

3 ASPEN WAY is a small detached house of 112m², built sometime between 1996 and 2002, which could now be worth an estimated £717,053. It was last sold for £500,000 in March 2015, which was around 24% below the average March 2015 detached price in the Welwyn Hatfield local authority area. The most recent EPC inspection was November 2014, where the current energy rating was C, and the potential energy rating was B.

3 ASPEN WAY Sold Prices

Land registry data shows three sales for 3 ASPEN WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Welwyn Hatfield local authority area for the corresponding sale date. All of the three 3 ASPEN WAY 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
2015 4 MAR	£500,000	£654,039	24% below HPI
2004 27 FEB	£337,500	£444,348	24% below HPI
1998 24 AUG	£189,000	£232,387	19% below HPI

3 ASPEN 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 three 3 ASPEN WAY sales between August 1998 and March 2015 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 February 2004 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the March 2015 sale, which was also at 24% below the HPI.

What might 3 ASPEN WAY be worth now?

3 ASPEN WAY might now be worth an estimated £717,053.

This is based on house price inflation of 43.4%, between March 2015 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 43.4% inflationary increase is applied to the most recent sale price for 3 ASPEN WAY of £500,000 on 4th March 2015. For the value to have increased from £500,000 to £717,053 over the ten years and one month to February 2025, the following assumptions must hold true:

• The value of 3 ASPEN WAY has moved in line with the HPI for detached houses in the Welwyn Hatfield local authority area.
• The March 2015 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 3 ASPEN WAY has not materially changed since March 2015.

How Large is 3 ASPEN WAY?

3 ASPEN WAY is 112m² according to the EPC inspection conducted in November 2014. This puts it in the smallest 40% of detached houses houses in Welwyn Garden City, based on EPC data. The below chart shows the distribution of detached houses houses by size in Welwyn Garden City, and where 3 ASPEN WAY lies on this distribution: 37% of detached houses houses are smaller than 3 ASPEN WAY, and 62% of houses are larger. Note that EPC data is not available for all properties in Welwyn Garden City.

3 ASPEN WAY: Plot and Title Map

3 ASPEN WAY sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of 3 ASPEN 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 3 ASPEN 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 3 ASPEN WAY?

3 ASPEN WAY is located in WELWYN GARDEN CITY, in the AL7 postcode district. The below map shows the position of No. 3 on ASPEN WAY.