31, OLD SCHOOL CLOSE, CODICOTE, HITCHIN, SG4 8YJ - £337,500

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.

31 OLD SCHOOL CLOSE is a midsized extended detached house of 122m², built sometime between 1983 and 1990, which could now be worth an estimated £992,055. It was last sold for £337,500 in April 2002, which was around 28% above the average April 2002 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was January 2025, where the current energy rating was C, and the potential energy rating was B.

31 OLD SCHOOL CLOSE Sold Prices

Land registry data shows two sales for 31 OLD SCHOOL CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Hertfordshire local authority area for the corresponding sale date. Both of the two 31 OLD SCHOOL CLOSE 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
2002 26 APR	£337,500	£264,053	28% above HPI
1997 31 OCT	£199,950	£155,944	28% above HPI

31 OLD SCHOOL CLOSE 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 two 31 OLD SCHOOL CLOSE sales from October 1997 and April 2002 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 October 1997 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the April 2002 sale, which was also at 28% above the HPI.

What might 31 OLD SCHOOL CLOSE be worth now?

31 OLD SCHOOL CLOSE might now be worth an estimated £992,055.

This is based on house price inflation of 193.9%, between April 2002 and February 2025, for detached 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 193.9% inflationary increase is applied to the most recent sale price for 31 OLD SCHOOL CLOSE of £337,500 on 26th April 2002. For the value to have increased from £337,500 to £992,055 over the 23 years and two months to February 2025, the following assumptions must hold true:

• The value of 31 OLD SCHOOL CLOSE has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The April 2002 sale price of £337,500 represented a fair market value for the property.
• The size, condition, and specification of 31 OLD SCHOOL CLOSE has not materially changed since April 2002.

How Large is 31 OLD SCHOOL CLOSE?

31 OLD SCHOOL CLOSE is 122m², which includes one extension, according to the EPC inspection conducted in January 2025. This puts it in the smallest 50% of detached houses houses in Codicote, based on EPC data. The below chart shows the distribution of detached houses houses by size in Codicote, and where 31 OLD SCHOOL CLOSE lies on this distribution: 48% of detached houses houses are smaller than 31 OLD SCHOOL CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Codicote.

31 OLD SCHOOL CLOSE: Plot and Title Map

31 OLD SCHOOL CLOSE sits on a plot of roughly 0.146 of an acre, or 592m². The below map shows the location of 31 OLD SCHOOL CLOSE, 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 31 OLD SCHOOL CLOSE). 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 31 OLD SCHOOL CLOSE?

31 OLD SCHOOL CLOSE is located in CODICOTE, in the SG4 postcode district. The below map shows the position of No. 31 on OLD SCHOOL CLOSE.