4, MILL CLOSE, STOTFOLD, HITCHIN, SG5 4AB - £498,500

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 MILL CLOSE is a very small extended detached house of 98m², built sometime between 1991 and 1995, which could now be worth an estimated £547,523. It was last sold for £498,500 in December 2023, which was around 12% below the average December 2023 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was B.

4 MILL CLOSE Sold Prices

Land registry data shows two sales for 4 MILL 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 Central Bedfordshire local authority area for the corresponding sale date. One of the two 4 MILL CLOSE sales was for below the average price, whilst the other was 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
2023 12 DEC	£498,500	£567,739	12% below HPI
1996 30 OCT	£110,000	£107,106	3% above HPI

4 MILL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The two 4 MILL CLOSE sales from October 1996 and December 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 October 1996 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the December 2023 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 4 MILL CLOSE be worth now?

4 MILL CLOSE might now be worth an estimated £547,523.

This is based on house price inflation of 9.8%, between December 2023 and February 2025, for detached houses, in the Central Bedfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.8% inflationary increase is applied to the most recent sale price for 4 MILL CLOSE of £498,500 on 12th December 2023. For the value to have increased from £498,500 to £547,523 over the two years and ten months to February 2025, the following assumptions must hold true:

• The value of 4 MILL CLOSE has moved in line with the HPI for detached houses in the Central Bedfordshire local authority area.
• The December 2023 sale price of £498,500 represented a fair market value for the property.
• The size, condition, and specification of 4 MILL CLOSE has not materially changed since December 2023.

How Large is 4 MILL CLOSE?

4 MILL CLOSE is 98m², which includes two extensions, according to the EPC inspection conducted in June 2022. This puts it in the smallest 20% of detached houses houses in Stotfold, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stotfold, and where 4 MILL CLOSE lies on this distribution: 19% of detached houses houses are smaller than 4 MILL CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Stotfold.

4 MILL CLOSE: Plot and Title Map

4 MILL CLOSE sits on a plot of roughly 0.104 of an acre, or 420m². The below map shows the location of 4 MILL 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 4 MILL 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 4 MILL CLOSE?

4 MILL CLOSE is located in STOTFOLD, in the SG5 postcode district. The below map shows the position of No. 4 on MILL CLOSE.