3, WATERMILL LANE, HERTFORD, SG14 3LB - £940,000

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 WATERMILL LANE is a very large extended detached house of 189m², built sometime between 1983 and 1990. It was last sold for £940,000 in March 2018, which was around 30% above the average March 2018 detached price in the East Hertfordshire local authority area. The most recent EPC inspection was August 2017, where the current energy rating was C, and the potential energy rating was B.

3 WATERMILL LANE Sold Prices

Land registry data shows two sales for 3 WATERMILL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Hertfordshire local authority area for the corresponding sale date. Both of the two 3 WATERMILL 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
2018 22 MAR	£940,000	£723,483	30% above HPI
2006 16 AUG	£441,500	£416,754	6% above HPI

3 WATERMILL LANE 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 two 3 WATERMILL LANE sales from August 2006 and March 2018 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 August 2006 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the March 2018 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is 3 WATERMILL LANE?

3 WATERMILL LANE is 189m², which includes two extensions, according to the EPC inspection conducted in August 2017. This puts it in the largest 20% of detached houses in Hertford, based on EPC data. The below chart shows the distribution of detached houses by size in Hertford, and where 3 WATERMILL LANE lies on this distribution: 80% of detached houses are smaller than 3 WATERMILL LANE, and 20% of houses are larger. Note that EPC data is not available for all properties in Hertford.

3 WATERMILL LANE: Plot and Title Map

3 WATERMILL LANE sits on a plot of roughly 0.214 of an acre, or 864m². The below map shows the location of 3 WATERMILL 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 WATERMILL 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 WATERMILL LANE?

3 WATERMILL LANE is located in HERTFORD, in the SG14 postcode district. The below map shows the position of No. 3 on WATERMILL LANE.