3, GRASMERE, STEVENAGE, SG1 6AT - £385,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 GRASMERE is a small extended detached house of 96m², built sometime between 1996 and 2002. It was last sold for £385,000 in January 2024, which was around 44% below the average January 2024 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was October 2023, where the current energy rating was C, and the potential energy rating was B.

3 GRASMERE Sold Prices

Land registry data shows four sales for 3 GRASMERE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Hertfordshire local authority area for the corresponding sale date. All of the four 3 GRASMERE 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
2024 19 JAN	£385,000	£681,888	44% below HPI
2015 17 JUL	£310,000	£514,073	40% below HPI
2010 30 APR	£205,000	£395,678	48% below HPI
2000 19 DEC	£143,000	£209,061	32% below HPI

3 GRASMERE 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 four 3 GRASMERE sales between December 2000 and January 2024 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 July 2015 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the January 2024 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 3 GRASMERE?

3 GRASMERE is 96m², which includes one extension, according to the EPC inspection conducted in October 2023. This puts it in the smallest 30% of detached houses in Stevenage, based on EPC data. The below chart shows the distribution of detached houses by size in Stevenage, and where 3 GRASMERE lies on this distribution: 21% of detached houses are smaller than 3 GRASMERE, and 77% of houses are larger. Note that EPC data is not available for all properties in Stevenage.

3 GRASMERE: Plot and Title Map

3 GRASMERE sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 3 GRASMERE, 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 GRASMERE). 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 GRASMERE?

3 GRASMERE is located in STEVENAGE, in the SG1 postcode district. The below map shows the position of No. 3 on GRASMERE.