5, THE RIDGEWAY, HITCHIN, SG5 2BT - £675,000

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 RIDGEWAY is a small extended detached house of 111m², built sometime between 1950 and 1966. It was last sold for £675,000 in September 2017, which was around 1% above the average September 2017 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was C.

5 THE RIDGEWAY Sold Prices

Land registry data shows two sales for 5 THE RIDGEWAY 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. One of the two 5 THE RIDGEWAY sales was for above the average price, whilst the other was 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
2017 20 SEP	£675,000	£665,201	1% above HPI
2003 10 OCT	£315,000	£338,263	7% below HPI

5 THE RIDGEWAY 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 RIDGEWAY sales from October 2003 and September 2017 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 October 2003 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the September 2017 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 5 THE RIDGEWAY be worth now?

5 THE RIDGEWAY might now be worth an estimated £803,783.

This is based on house price inflation of 19.1%, between September 2017 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 19.1% inflationary increase is applied to the most recent sale price for 5 THE RIDGEWAY of £675,000 on 20th September 2017. For the value to have increased from £675,000 to £803,783 over the six years and nine months to December 2024, the following assumptions must hold true:

• The value of 5 THE RIDGEWAY has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The September 2017 sale price of £675,000 represented a fair market value for the property.
• The size, condition, and specification of 5 THE RIDGEWAY has not materially changed since September 2017.

How Large is 5 THE RIDGEWAY?

5 THE RIDGEWAY is 111m², which includes one extension, according to the EPC inspection conducted in April 2017. This puts it in the smallest 40% 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 RIDGEWAY lies on this distribution: 35% of detached houses houses are smaller than 5 THE RIDGEWAY, and 64% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

5 THE RIDGEWAY: Plot and Title Map

5 THE RIDGEWAY sits on a plot of roughly 0.169 of an acre, or 682m². The below map shows the location of 5 THE RIDGEWAY, 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 RIDGEWAY). 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 RIDGEWAY?

5 THE RIDGEWAY is located in HITCHIN, in the SG5 postcode district. The below map shows the position of No. 5 on THE RIDGEWAY.