38, LANCASTER AVENUE, HITCHIN, SG5 1PB - £1,425,000

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

38 LANCASTER AVENUE is a very large extended detached house of 193m², built sometime between 1930 and 1949. It was last sold for £1,425,000 in September 2023, which was around 88% above the average September 2023 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was B.

38 LANCASTER AVENUE Sold Prices

Land registry data shows three sales for 38 LANCASTER AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Hertfordshire local authority area for the corresponding sale date. One of the three 38 LANCASTER AVENUE sales was for above the average price, whilst two 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 5 SEP	£1,425,000	£759,371	88% above HPI
2009 19 FEB	£375,000	£391,477	4% below HPI
1999 26 NOV	£175,000	£194,461	10% below HPI

38 LANCASTER AVENUE 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 three 38 LANCASTER AVENUE sales between November 1999 and September 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 February 2009 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the September 2023 sale, where it rises to 88% above the HPI. The line then continues to track at 88% above the HPI.

What might 38 LANCASTER AVENUE be worth now?

38 LANCASTER AVENUE might now be worth an estimated £1,486,444.

This is based on house price inflation of 4.3%, between September 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 4.3% inflationary increase is applied to the most recent sale price for 38 LANCASTER AVENUE of £1,425,000 on 5th September 2023. For the value to have increased from £1,425,000 to £1,486,444 over the nine months to December 2024, the following assumptions must hold true:

• The value of 38 LANCASTER AVENUE has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The September 2023 sale price of £1,425,000 represented a fair market value for the property.
• The size, condition, and specification of 38 LANCASTER AVENUE has not materially changed since September 2023.

How Large is 38 LANCASTER AVENUE?

38 LANCASTER AVENUE is 193m², which includes one extension, according to the EPC inspection conducted in May 2023. This puts it in the largest 20% 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 38 LANCASTER AVENUE lies on this distribution: 88% of detached houses houses are smaller than 38 LANCASTER AVENUE, and 12% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

38 LANCASTER AVENUE: Plot and Title Map

38 LANCASTER AVENUE sits on a plot of roughly 0.187 of an acre, or 756m². The below map shows the location of 38 LANCASTER AVENUE, 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 38 LANCASTER AVENUE). 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 38 LANCASTER AVENUE?

38 LANCASTER AVENUE is located in HITCHIN, in the SG5 postcode district. The below map shows the position of No. 38 on LANCASTER AVENUE.