5, ASPEN WAY, WELWYN GARDEN CITY, AL7 1HR - £685,000

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.

5 ASPEN WAY is a small detached house of 114m², built sometime between 1996 and 2002, which could now be worth an estimated £653,121. It was last sold for £685,000 in August 2022, which was around 30% below the average August 2022 detached price in the Welwyn Hatfield local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

5 ASPEN WAY Sold Prices

Land registry data shows four sales for 5 ASPEN WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Welwyn Hatfield local authority area for the corresponding sale date. All of the four 5 ASPEN WAY 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 11 AUG	£685,000	£983,743	30% below HPI
2011 14 NOV	£372,500	£552,075	33% below HPI
2004 3 DEC	£349,000	£462,497	25% below HPI
1998 8 JUN	£189,950	£229,325	17% below HPI

5 ASPEN WAY 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 four 5 ASPEN WAY sales between June 1998 and August 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 November 2011 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the August 2022 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 5 ASPEN WAY be worth now?

5 ASPEN WAY might now be worth an estimated £653,121.

This is based on house price deflation of 4.7%, between August 2022 and February 2025, for detached houses, in the Welwyn Hatfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.7% deflationary decrease is applied to the most recent sale price for 5 ASPEN WAY of £685,000 on 11th August 2022. For the value to have decreased from £685,000 to £653,121 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 5 ASPEN WAY has moved in line with the HPI for detached houses in the Welwyn Hatfield local authority area.
• The August 2022 sale price of £685,000 represented a fair market value for the property.
• The size, condition, and specification of 5 ASPEN WAY has not materially changed since August 2022.

How Large is 5 ASPEN WAY?

5 ASPEN WAY is 114m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 40% of detached houses houses in Welwyn Garden City, based on EPC data. The below chart shows the distribution of detached houses houses by size in Welwyn Garden City, and where 5 ASPEN WAY lies on this distribution: 38% of detached houses houses are smaller than 5 ASPEN WAY, and 61% of houses are larger. Note that EPC data is not available for all properties in Welwyn Garden City.

5 ASPEN WAY: Plot and Title Map

5 ASPEN WAY sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 5 ASPEN WAY, 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 5 ASPEN WAY). 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 5 ASPEN WAY?

5 ASPEN WAY is located in WELWYN GARDEN CITY, in the AL7 postcode district. The below map shows the position of No. 5 on ASPEN WAY.