40, REDDINGS, WELWYN GARDEN CITY, AL8 7LA - £685,000

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

40 REDDINGS is a very small extended detached house of 94m², built sometime between 1950 and 1966. It was last sold for £685,000 in March 2016, which was around 6% below the average March 2016 detached price in the Welwyn Hatfield local authority area. The most recent EPC inspection was June 2016, where the current energy rating was E, and the potential energy rating was A.

40 REDDINGS Sold Prices

Land registry data shows three sales for 40 REDDINGS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Welwyn Hatfield local authority area for the corresponding sale date. All of the three 40 REDDINGS 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
2016 17 MAR	£685,000	£726,074	6% below HPI
2011 22 NOV	£450,000	£533,633	16% below HPI
2007 22 JUN	£413,500	£490,536	16% below HPI

40 REDDINGS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Welwyn Hatfield local authority area over time, sourced from the HPI. The three 40 REDDINGS sales between June 2007 and March 2016 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 November 2011 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the March 2016 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 40 REDDINGS?

40 REDDINGS is 94m², which includes one extension, according to the EPC inspection conducted in June 2016. This puts it in the smallest 20% of detached houses in Welwyn Garden City, based on EPC data. The below chart shows the distribution of detached houses by size in Welwyn Garden City, and where 40 REDDINGS lies on this distribution: 17% of detached houses are smaller than 40 REDDINGS, and 82% of houses are larger. Note that EPC data is not available for all properties in Welwyn Garden City.

40 REDDINGS: Plot and Title Map

40 REDDINGS sits on a plot of roughly 0.226 of an acre, or 916m². The below map shows the location of 40 REDDINGS, 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 40 REDDINGS). 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 40 REDDINGS?

40 REDDINGS is located in WELWYN GARDEN CITY, in the AL8 postcode district. The below map shows the position of No. 40 on REDDINGS.