3, THE RUNWAY, HATFIELD, AL10 9GL - £232,500

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

3 THE RUNWAY is a very small extended detached house of 85m², built sometime between 2003 and 2006, which could now be worth an estimated £468,276. It was last sold for £232,500 in January 2004, which was around 48% below the average January 2004 detached price in the Welwyn Hatfield local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

3 THE RUNWAY Sold Prices

Land registry data shows two sales for 3 THE RUNWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Welwyn Hatfield local authority area for the corresponding sale date. Both of the two 3 THE RUNWAY 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
2004 9 JAN	£232,500	£449,003	48% below HPI
2003 30 APR	£235,000	£428,458	45% below HPI

3 THE RUNWAY 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 two 3 THE RUNWAY sales from April 2003 and January 2004 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 2003 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the January 2004 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

What might 3 THE RUNWAY be worth now?

3 THE RUNWAY might now be worth an estimated £468,276.

This is based on house price inflation of 101.4%, between January 2004 and December 2024, 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 101.4% inflationary increase is applied to the most recent sale price for 3 THE RUNWAY of £232,500 on 9th January 2004. For the value to have increased from £232,500 to £468,276 over the nineteen years and one month to December 2024, the following assumptions must hold true:

• The value of 3 THE RUNWAY has moved in line with the HPI for detached houses in the Welwyn Hatfield local authority area.
• The January 2004 sale price of £232,500 represented a fair market value for the property.
• The size, condition, and specification of 3 THE RUNWAY has not materially changed since January 2004.

How Large is 3 THE RUNWAY?

3 THE RUNWAY is 85m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the smallest 10% of detached houses houses in Hatfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hatfield, and where 3 THE RUNWAY lies on this distribution: 8% of detached houses houses are smaller than 3 THE RUNWAY, and 91% of houses are larger. Note that EPC data is not available for all properties in Hatfield.

3 THE RUNWAY: Plot and Title Map

3 THE RUNWAY sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 3 THE RUNWAY, 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 THE RUNWAY). 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 THE RUNWAY?

3 THE RUNWAY is located in HATFIELD, in the AL10 postcode district. The below map shows the position of No. 3 on THE RUNWAY.