38, WATERMILL LANE, HERTFORD, SG14 3LB - £990,000

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 WATERMILL LANE is a large detached house of 174m², built sometime between 1991 and 1995, which could now be worth an estimated £1,135,846. It was last sold for £990,000 in August 2019, which was around 31% above the average August 2019 detached price in the East Hertfordshire local authority area. The most recent EPC inspection was March 2015, where the current energy rating was C, and the potential energy rating was B.

38 WATERMILL LANE Sold Prices

Land registry data shows three sales for 38 WATERMILL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Hertfordshire local authority area for the corresponding sale date. All of the three 38 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
2019 9 AUG	£990,000	£756,464	31% above HPI
2015 19 JUN	£850,000	£628,445	35% above HPI
2001 21 AUG	£530,000	£308,625	72% above HPI

38 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 three 38 WATERMILL LANE sales between August 2001 and August 2019 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 June 2015 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the August 2019 sale, where it falls to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might 38 WATERMILL LANE be worth now?

38 WATERMILL LANE might now be worth an estimated £1,135,846.

This is based on house price inflation of 14.7%, between August 2019 and December 2024, for detached houses, in the East Hertfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.7% inflationary increase is applied to the most recent sale price for 38 WATERMILL LANE of £990,000 on 9th August 2019. For the value to have increased from £990,000 to £1,135,846 over the four years and eight months to December 2024, the following assumptions must hold true:

• The value of 38 WATERMILL LANE has moved in line with the HPI for detached houses in the East Hertfordshire local authority area.
• The August 2019 sale price of £990,000 represented a fair market value for the property.
• The size, condition, and specification of 38 WATERMILL LANE has not materially changed since August 2019.

How Large is 38 WATERMILL LANE?

38 WATERMILL LANE is 174m² according to the EPC inspection conducted in March 2015. This puts it in the largest 30% of detached houses houses in Hertford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hertford, and where 38 WATERMILL LANE lies on this distribution: 75% of detached houses houses are smaller than 38 WATERMILL LANE, and 25% of houses are larger. Note that EPC data is not available for all properties in Hertford.

38 WATERMILL LANE: Plot and Title Map

38 WATERMILL LANE sits on a plot of roughly 0.229 of an acre, or 928m². The below map shows the location of 38 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 38 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 38 WATERMILL LANE?

38 WATERMILL LANE is located in HERTFORD, in the SG14 postcode district. The below map shows the position of No. 38 on WATERMILL LANE.