4, LODGE FARM, HEATH LANE, CODICOTE, HITCHIN, SG4 8WP - £775,000

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

4 LODGE FARM is a very large extended detached house of 163m², built sometime between 1996 and 2002, which could now be worth an estimated £913,335. It was last sold for £775,000 in August 2017, which was around 18% above the average August 2017 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was B.

4 LODGE FARM Sold Prices

Land registry data shows two sales for 4 LODGE FARM 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 4 LODGE FARM 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
2017 29 AUG	£775,000	£658,604	18% above HPI
2001 6 APR	£418,500	£235,101	78% above HPI

4 LODGE FARM 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 4 LODGE FARM sales from April 2001 and August 2017 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 April 2001 sale was for 78% above the HPI. So the extrapolation line tracks at 78% above the HPI over time, until the August 2017 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 4 LODGE FARM be worth now?

4 LODGE FARM might now be worth an estimated £913,335.

This is based on house price inflation of 17.8%, between August 2017 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 17.8% inflationary increase is applied to the most recent sale price for 4 LODGE FARM of £775,000 on 29th August 2017. For the value to have increased from £775,000 to £913,335 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of 4 LODGE FARM has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The August 2017 sale price of £775,000 represented a fair market value for the property.
• The size, condition, and specification of 4 LODGE FARM has not materially changed since August 2017.

How Large is 4 LODGE FARM?

4 LODGE FARM is 163m², which includes one extension, according to the EPC inspection conducted in August 2016. This puts it in the largest 20% 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 4 LODGE FARM lies on this distribution: 83% of detached houses houses are smaller than 4 LODGE FARM, and 17% of houses are larger. Note that EPC data is not available for all properties in Codicote.

4 LODGE FARM: Plot and Title Map

4 LODGE FARM sits on a plot of roughly 0.118 of an acre, or 477m². The below map shows the location of 4 LODGE FARM, 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 4 LODGE FARM). 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 4 LODGE FARM?

4 LODGE FARM is located on HEATH LANE in CODICOTE, in the SG4 postcode district. The below map shows the position of 4 LODGE FARM on HEATH LANE.