5, PARK STREET, HITCHIN, SG4 9AH - £670,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 PARK STREET is a very small extended detached house of 94m², built sometime between 1967 and 1975. It was last sold for £670,000 in October 2022, which was around 13% below the average October 2022 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was C.

5 PARK STREET Sold Prices

Land registry data shows three sales for 5 PARK STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Hertfordshire local authority area for the corresponding sale date. All of the three 5 PARK STREET 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 17 OCT	£670,000	£769,364	13% below HPI
2016 7 APR	£535,000	£612,308	13% below HPI
1999 27 AUG	£185,000	£188,663	2% below HPI

5 PARK STREET 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 three 5 PARK STREET sales between August 1999 and October 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 April 2016 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the October 2022 sale, which was also at 13% below the HPI.

What might 5 PARK STREET be worth now?

5 PARK STREET might now be worth an estimated £689,812.

This is based on house price inflation of 3%, between October 2022 and December 2024, 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 3% inflationary increase is applied to the most recent sale price for 5 PARK STREET of £670,000 on 17th October 2022. For the value to have increased from £670,000 to £689,812 over the one year and ten months to December 2024, the following assumptions must hold true:

• The value of 5 PARK STREET has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The October 2022 sale price of £670,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PARK STREET has not materially changed since October 2022.

How Large is 5 PARK STREET?

5 PARK STREET is 94m², which includes one extension, according to the EPC inspection conducted in August 2015. This puts it in the smallest 20% of detached houses houses in Hitchin, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hitchin, and where 5 PARK STREET lies on this distribution: 18% of detached houses houses are smaller than 5 PARK STREET, and 81% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

5 PARK STREET: Plot and Title Map

5 PARK STREET sits on a plot of roughly 0.148 of an acre, or 597m². The below map shows the location of 5 PARK STREET, 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 PARK STREET). 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 PARK STREET?

5 PARK STREET is located in HITCHIN, in the SG4 postcode district. The below map shows the position of No. 5 on PARK STREET.