3, WATER LANE, HITCHIN, SG5 1TX - £490,000

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 WATER LANE is a very small extended terraced house of 85m², built sometime before 1900, which could now be worth an estimated £481,888. It was last sold for £490,000 in September 2024, which was around 34% above the average September 2024 terraced price in the North Hertfordshire local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

3 WATER LANE Sold Prices

Land registry data shows four sales for 3 WATER LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the North Hertfordshire local authority area for the corresponding sale date. All of the four 3 WATER LANE 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
2024 10 SEP	£490,000	£365,752	34% above HPI
2021 15 JAN	£465,000	£325,790	43% above HPI
2012 17 DEC	£245,000	£204,001	20% above HPI
1999 13 DEC	£87,500	£83,898	4% above HPI

3 WATER LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the North Hertfordshire local authority area over time, sourced from the HPI. The four 3 WATER LANE sales between December 1999 and September 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 January 2021 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the September 2024 sale, where it falls to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might 3 WATER LANE be worth now?

3 WATER LANE might now be worth an estimated £481,888.

This is based on house price deflation of 1.7%, between September 2024 and July 2025, for terraced 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 1.7% deflationary decrease is applied to the most recent sale price for 3 WATER LANE of £490,000 on 10th September 2024. For the value to have decreased from £490,000 to £481,888 over the one year and two months to July 2025, the following assumptions must hold true:

• The value of 3 WATER LANE has moved in line with the HPI for terraced houses in the North Hertfordshire local authority area.
• The September 2024 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of 3 WATER LANE has not materially changed since September 2024.

How Large is 3 WATER LANE?

3 WATER LANE is 85m², which includes one extension, according to the EPC inspection conducted in February 2020. This puts it in the smallest 20% of terraced houses houses in Hitchin, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Hitchin, and where 3 WATER LANE lies on this distribution: 11% of terraced houses houses are smaller than 3 WATER LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

3 WATER LANE: Plot and Title Map

3 WATER LANE sits on a plot of roughly 0.031 of an acre, or 127m². The below map shows the location of 3 WATER LANE, 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 WATER LANE). 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 WATER LANE?

3 WATER LANE is located in HITCHIN, in the SG5 postcode district. The below map shows the position of No. 3 on WATER LANE.