48, FARTHING DRIVE, LETCHWORTH GARDEN CITY, SG6 2TR - £505,000

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

48 FARTHING DRIVE is a midsized extended detached house of 132m², built sometime between 1976 and 1982. It was last sold for £505,000 in May 2022, which was around 27% below the average May 2022 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was August 2018, where the current energy rating was C, and the potential energy rating was B.

48 FARTHING DRIVE Sold Prices

Land registry data shows two sales for 48 FARTHING DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Hertfordshire local authority area for the corresponding sale date. Both of the two 48 FARTHING DRIVE 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
2022 6 MAY	£505,000	£687,298	27% below HPI
2003 26 AUG	£250,000	£313,182	20% below HPI

48 FARTHING DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Hertfordshire local authority area over time, sourced from the HPI. The two 48 FARTHING DRIVE sales from August 2003 and May 2022 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 August 2003 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2022 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 48 FARTHING DRIVE?

48 FARTHING DRIVE is 132m², which includes one extension, according to the EPC inspection conducted in August 2018. This puts it in the largest 50% of detached houses in Letchworth, based on EPC data. The below chart shows the distribution of detached houses by size in Letchworth, and where 48 FARTHING DRIVE lies on this distribution: 58% of detached houses are smaller than 48 FARTHING DRIVE, and 42% of houses are larger. Note that EPC data is not available for all properties in Letchworth.

48 FARTHING DRIVE: Plot and Title Map

48 FARTHING DRIVE sits on a plot of roughly 1.1 acres, or 4,416m². The below map shows the location of 48 FARTHING DRIVE, 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 48 FARTHING DRIVE). 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 48 FARTHING DRIVE?

48 FARTHING DRIVE is located in LETCHWORTH GARDEN CITY, in the SG6 postcode district. The below map shows the position of No. 48 on FARTHING DRIVE.