5, THE PADDOCK, HITCHIN, SG4 9EF - £425,000

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 THE PADDOCK is a very small detached house of 91m², built sometime between 1967 and 1975. It was last sold for £425,000 in August 2020, which was around 38% below the average August 2020 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was December 2012, where the current energy rating was C, and the potential energy rating was B.

5 THE PADDOCK Sold Prices

Land registry data shows two sales for 5 THE PADDOCK 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 THE PADDOCK 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
2020 28 AUG	£425,000	£682,729	38% below HPI
2013 14 MAR	£292,000	£444,267	34% below HPI

5 THE PADDOCK 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 THE PADDOCK sales from March 2013 and August 2020 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 March 2013 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the August 2020 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 5 THE PADDOCK be worth now?

5 THE PADDOCK might now be worth an estimated £493,092.

This is based on house price inflation of 16%, between August 2020 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 16% inflationary increase is applied to the most recent sale price for 5 THE PADDOCK of £425,000 on 28th August 2020. For the value to have increased from £425,000 to £493,092 over the three years and eight months to December 2024, the following assumptions must hold true:

• The value of 5 THE PADDOCK has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The August 2020 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 5 THE PADDOCK has not materially changed since August 2020.

How Large is 5 THE PADDOCK?

5 THE PADDOCK is 91m² according to the EPC inspection conducted in December 2012. 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 THE PADDOCK lies on this distribution: 16% of detached houses houses are smaller than 5 THE PADDOCK, and 83% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

5 THE PADDOCK: Plot and Title Map

5 THE PADDOCK sits on a plot of roughly 0.052 of an acre, or 212m². The below map shows the location of 5 THE PADDOCK, 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 THE PADDOCK). 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 THE PADDOCK?

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