3, CHERRY TREE RISE, WALKERN, STEVENAGE, SG2 7JL - £342,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 CHERRY TREE RISE is a very small detached house of 88m², built sometime between 1983 and 1990. It was last sold for £342,000 in April 2020, which was around 52% below the average April 2020 detached price in the East Hertfordshire local authority area. The most recent EPC inspection was October 2013, where the current energy rating was C, and the potential energy rating was B.

3 CHERRY TREE RISE Sold Prices

Land registry data shows five sales for 3 CHERRY TREE RISE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Hertfordshire local authority area for the corresponding sale date. All of the five 3 CHERRY TREE RISE 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
2020 8 APR	£342,000	£717,057	52% below HPI
2019 20 DEC	£350,000	£710,622	51% below HPI
2014 10 JAN	£280,000	£510,797	45% below HPI
2013 20 DEC	£275,000	£504,533	45% below HPI
2001 20 DEC	£160,000	£292,054	45% below HPI

3 CHERRY TREE RISE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Hertfordshire local authority area over time, sourced from the HPI. The five 3 CHERRY TREE RISE sales between December 2001 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 December 2019 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the April 2020 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

How Large is 3 CHERRY TREE RISE?

3 CHERRY TREE RISE is 88m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 10% of detached houses in Walkern, based on EPC data. The below chart shows the distribution of detached houses by size in Walkern, and where 3 CHERRY TREE RISE lies on this distribution: 3% of detached houses are smaller than 3 CHERRY TREE RISE, and 95% of houses are larger. Note that EPC data is not available for all properties in Walkern.

3 CHERRY TREE RISE: Plot and Title Map

3 CHERRY TREE RISE sits on a plot of roughly 0.046 of an acre, or 188m². The below map shows the location of 3 CHERRY TREE RISE, 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 CHERRY TREE RISE). 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 CHERRY TREE RISE?

3 CHERRY TREE RISE is located in WALKERN, in the SG2 postcode district. The below map shows the position of No. 3 on CHERRY TREE RISE.