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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

40 WATERMILL LANE is a very large extended detached house of 315m², built sometime between 1991 and 1995, which could now be worth an estimated £1,421,369. It was last sold for £1,275,000 in June 2018, which was around 66% 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	£766,162	66% above HPI
2010 24 FEB	£907,500	£482,474	88% above HPI
1999 21 MAY	£420,000	£209,423	101% 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 88% above the HPI. So the extrapolation line tracks at 88% above the HPI over time, until the June 2018 sale, where it falls to 66% above the HPI. The line then continues to track at 66% above the HPI.

What might 40 WATERMILL LANE be worth now?

40 WATERMILL LANE might now be worth an estimated £1,421,369.

This is based on house price inflation of 11.5%, between June 2018 and February 2025, for detached houses, in the East Hertfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 11.5% inflationary increase is applied to the most recent sale price for 40 WATERMILL LANE of £1,275,000 on 15th June 2018. For the value to have increased from £1,275,000 to £1,421,369 over the seven years and four months to February 2025, the following assumptions must hold true:

• The value of 40 WATERMILL LANE has moved in line with the HPI for detached houses in the East Hertfordshire local authority area.
• The June 2018 sale price of £1,275,000 represented a fair market value for the property.
• The size, condition, and specification of 40 WATERMILL LANE has not materially changed since June 2018.

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 houses in Hertford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hertford, and where 40 WATERMILL LANE lies on this distribution: 97% of detached houses 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.