5, CEDAR GARDENS, LETCHWORTH GARDEN CITY, SG6 1GQ - £515,000

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 CEDAR GARDENS is a small detached house of 113m², which could now be worth an estimated £551,193. It was last sold for £515,000 in September 2018, which was around 26% below the average September 2018 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was May 2016, where the current energy rating was B, and the potential energy rating was B.

5 CEDAR GARDENS Sold Prices

Land registry data shows two sales for 5 CEDAR GARDENS 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 5 CEDAR GARDENS 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
2018 24 SEP	£515,000	£698,260	26% below HPI
2016 29 JUN	£459,950	£627,871	27% below HPI

5 CEDAR GARDENS 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 5 CEDAR GARDENS sales from June 2016 and September 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 June 2016 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the September 2018 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 5 CEDAR GARDENS be worth now?

5 CEDAR GARDENS might now be worth an estimated £551,193.

This is based on house price inflation of 7%, between September 2018 and June 2025, for detached houses, in the North Hertfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7% inflationary increase is applied to the most recent sale price for 5 CEDAR GARDENS of £515,000 on 24th September 2018. For the value to have increased from £515,000 to £551,193 over the seven years and three months to June 2025, the following assumptions must hold true:

• The value of 5 CEDAR GARDENS has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The September 2018 sale price of £515,000 represented a fair market value for the property.
• The size, condition, and specification of 5 CEDAR GARDENS has not materially changed since September 2018.

How Large is 5 CEDAR GARDENS?

5 CEDAR GARDENS is 113m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 40% of detached houses houses in Letchworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Letchworth, and where 5 CEDAR GARDENS lies on this distribution: 38% of detached houses houses are smaller than 5 CEDAR GARDENS, and 61% of houses are larger. Note that EPC data is not available for all properties in Letchworth.

5 CEDAR GARDENS: Plot and Title Map

5 CEDAR GARDENS sits on a plot of roughly 12.1 acres, or 48,955m². The below map shows the location of 5 CEDAR GARDENS, 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 CEDAR GARDENS). 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 CEDAR GARDENS?

5 CEDAR GARDENS is located in LETCHWORTH GARDEN CITY, in the SG6 postcode district. The below map shows the position of No. 5 on CEDAR GARDENS.