34, OLD SCHOOL CLOSE, CODICOTE, HITCHIN, SG4 8YJ - £478,500

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.

34 OLD SCHOOL CLOSE is a large extended detached house of 143m², built sometime between 1983 and 1990, which could now be worth an estimated £750,142. It was last sold for £478,500 in July 2014, which was around 3% below the average July 2014 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was October 2013, where the current energy rating was C, and the potential energy rating was B.

34 OLD SCHOOL CLOSE Sold Prices

Land registry data shows two sales for 34 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 34 OLD SCHOOL CLOSE 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
2014 9 JUL	£478,500	£495,098	3% below HPI
2003 17 OCT	£315,000	£338,263	7% below HPI

34 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 34 OLD SCHOOL CLOSE sales from October 2003 and July 2014 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 2003 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the July 2014 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 34 OLD SCHOOL CLOSE be worth now?

34 OLD SCHOOL CLOSE might now be worth an estimated £750,142.

This is based on house price inflation of 56.8%, between July 2014 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 56.8% inflationary increase is applied to the most recent sale price for 34 OLD SCHOOL CLOSE of £478,500 on 9th July 2014. For the value to have increased from £478,500 to £750,142 over the eleven years and five months to February 2025, the following assumptions must hold true:

• The value of 34 OLD SCHOOL CLOSE has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The July 2014 sale price of £478,500 represented a fair market value for the property.
• The size, condition, and specification of 34 OLD SCHOOL CLOSE has not materially changed since July 2014.

How Large is 34 OLD SCHOOL CLOSE?

34 OLD SCHOOL CLOSE is 143m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the largest 30% 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 34 OLD SCHOOL CLOSE lies on this distribution: 69% of detached houses houses are smaller than 34 OLD SCHOOL CLOSE, and 29% of houses are larger. Note that EPC data is not available for all properties in Codicote.

34 OLD SCHOOL CLOSE: Plot and Title Map

34 OLD SCHOOL CLOSE sits on a plot of roughly 0.103 of an acre, or 415m². The below map shows the location of 34 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 34 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 34 OLD SCHOOL CLOSE?

34 OLD SCHOOL CLOSE is located in CODICOTE, in the SG4 postcode district. The below map shows the position of No. 34 on OLD SCHOOL CLOSE.