40, WATERMILL LANE, HERTFORD, SG14 3LB - £1,275,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

40 WATERMILL LANE is a very large extended detached house of 315m², built sometime between 1991 and 1995. It was last sold for £1,275,000 in June 2018, which was around 78% above the average June 2018 detached price in the East Hertfordshire local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was C.

40 WATERMILL LANE Sold Prices

Land registry data shows three sales for 40 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 40 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
2018 15 JUN	£1,275,000	£716,616	78% above HPI
2010 24 FEB	£907,500	£451,273	101% above HPI
1999 21 MAY	£420,000	£195,880	114% above HPI

40 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 40 WATERMILL LANE sales between May 1999 and June 2018 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 February 2010 sale was for 101% above the HPI. So the extrapolation line tracks at 101% above the HPI over time, until the June 2018 sale, where it falls to 78% above the HPI. The line then continues to track at 78% above the HPI.

How Large is 40 WATERMILL LANE?

40 WATERMILL LANE is 315m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the largest 10% of detached houses in Hertford, based on EPC data. The below chart shows the distribution of detached houses by size in Hertford, and where 40 WATERMILL LANE lies on this distribution: 97% of detached houses are smaller than 40 WATERMILL LANE, and 3% of houses are larger. Note that EPC data is not available for all properties in Hertford.

40 WATERMILL LANE: Plot and Title Map

40 WATERMILL LANE sits on a plot of roughly 0.258 of an acre, or 1,044m². The below map shows the location of 40 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 40 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 40 WATERMILL LANE?

40 WATERMILL LANE is located in HERTFORD, in the SG14 postcode district. The below map shows the position of No. 40 on WATERMILL LANE.