5, SWIFT CLOSE, LETCHWORTH GARDEN CITY, SG6 4LJ - £405,000

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 SWIFT CLOSE is a very small detached house of 89m², built sometime between 1983 and 1990, which could now be worth an estimated £453,403. It was last sold for £405,000 in June 2021, which was around 42% below the average June 2021 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

5 SWIFT CLOSE Sold Prices

Land registry data shows three sales for 5 SWIFT CLOSE 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 SWIFT CLOSE 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
2021 17 JUN	£405,000	£693,304	42% below HPI
2020 7 DEC	£390,000	£716,767	46% below HPI
2006 3 MAR	£216,950	£375,424	42% below HPI

5 SWIFT CLOSE 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 SWIFT CLOSE sales between March 2006 and June 2021 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 December 2020 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the June 2021 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 5 SWIFT CLOSE be worth now?

5 SWIFT CLOSE might now be worth an estimated £453,403.

This is based on house price inflation of 12%, between June 2021 and February 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 12% inflationary increase is applied to the most recent sale price for 5 SWIFT CLOSE of £405,000 on 17th June 2021. For the value to have increased from £405,000 to £453,403 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 5 SWIFT CLOSE has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The June 2021 sale price of £405,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SWIFT CLOSE has not materially changed since June 2021.

How Large is 5 SWIFT CLOSE?

5 SWIFT CLOSE is 89m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 20% 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 SWIFT CLOSE lies on this distribution: 15% of detached houses houses are smaller than 5 SWIFT CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Letchworth.

5 SWIFT CLOSE: Plot and Title Map

5 SWIFT CLOSE sits on a plot of roughly 0.086 of an acre, or 347m². The below map shows the location of 5 SWIFT CLOSE, 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 SWIFT CLOSE). 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 SWIFT CLOSE?

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