4, THE GROTTO, WARE, SG12 9JH - £500,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

4 THE GROTTO is a small detached house of 100m², built sometime between 1950 and 1966. It was last sold for £500,000 in March 2014, which was around 5% below the average March 2014 detached price in the East Hertfordshire local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was C.

4 THE GROTTO Sold Prices

Land registry data shows two sales for 4 THE GROTTO since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Hertfordshire local authority area for the corresponding sale date. Both of the two 4 THE GROTTO 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
2014 7 MAR	£500,000	£523,924	5% below HPI
2005 26 MAY	£300,000	£377,673	21% below HPI

4 THE GROTTO 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 two 4 THE GROTTO sales from May 2005 and March 2014 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 May 2005 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the March 2014 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 4 THE GROTTO?

4 THE GROTTO is 100m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 30% of detached houses in Ware, based on EPC data. The below chart shows the distribution of detached houses by size in Ware, and where 4 THE GROTTO lies on this distribution: 23% of detached houses are smaller than 4 THE GROTTO, and 76% of houses are larger. Note that EPC data is not available for all properties in Ware.

4 THE GROTTO: Plot and Title Map

4 THE GROTTO sits on a plot of roughly 0.117 of an acre, or 474m². The below map shows the location of 4 THE GROTTO, 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 THE GROTTO). 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 THE GROTTO?

4 THE GROTTO is located in WARE, in the SG12 postcode district. The below map shows the position of No. 4 on THE GROTTO.