37, BESSEMER CLOSE, HITCHIN, SG5 1AG - £700,000

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

37 BESSEMER CLOSE is a midsized extended detached house of 122m², built sometime between 1991 and 1995. It was last sold for £700,000 in August 2023, which was around 8% below the average August 2023 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

37 BESSEMER CLOSE Sold Prices

Land registry data shows four sales for 37 BESSEMER CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Hertfordshire local authority area for the corresponding sale date. All of the four 37 BESSEMER 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
2023 24 AUG	£700,000	£757,823	8% below HPI
2014 20 NOV	£450,000	£524,522	14% below HPI
2007 1 MAR	£310,000	£413,426	25% below HPI
1998 30 MAR	£135,000	£161,928	17% below HPI

37 BESSEMER 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 four 37 BESSEMER CLOSE sales between March 1998 and August 2023 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 November 2014 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the August 2023 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 37 BESSEMER CLOSE be worth now?

37 BESSEMER CLOSE might now be worth an estimated £731,675.

This is based on house price inflation of 4.5%, between August 2023 and December 2024, 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 4.5% inflationary increase is applied to the most recent sale price for 37 BESSEMER CLOSE of £700,000 on 24th August 2023. For the value to have increased from £700,000 to £731,675 over the eight months to December 2024, the following assumptions must hold true:

• The value of 37 BESSEMER CLOSE has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The August 2023 sale price of £700,000 represented a fair market value for the property.
• The size, condition, and specification of 37 BESSEMER CLOSE has not materially changed since August 2023.

How Large is 37 BESSEMER CLOSE?

37 BESSEMER CLOSE is 122m², which includes one extension, according to the EPC inspection conducted in April 2023. This puts it in the smallest 50% of detached houses houses in Hitchin, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hitchin, and where 37 BESSEMER CLOSE lies on this distribution: 48% of detached houses houses are smaller than 37 BESSEMER CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

37 BESSEMER CLOSE: Plot and Title Map

37 BESSEMER CLOSE sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of 37 BESSEMER 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 37 BESSEMER 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 37 BESSEMER CLOSE?

37 BESSEMER CLOSE is located in HITCHIN, in the SG5 postcode district. The below map shows the position of No. 37 on BESSEMER CLOSE.