5, WATER LANE, HITCHIN, SG5 1TX - £250,000

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 WATER LANE is a very small extended detached house of 83m², built sometime between 1983 and 1990. It was last sold for £250,000 in May 2012, which was around 43% below the average May 2012 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was July 2024, where the current energy rating was C, and the potential energy rating was B.

5 WATER LANE Sold Prices

Land registry data shows two sales for 5 WATER LANE 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 WATER LANE 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
2012 11 MAY	£250,000	£437,189	43% below HPI
2002 12 JUL	£155,000	£284,410	46% below HPI

5 WATER LANE 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 WATER LANE sales from July 2002 and May 2012 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 July 2002 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the May 2012 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 5 WATER LANE be worth now?

5 WATER LANE might now be worth an estimated £452,959.

This is based on house price inflation of 81.2%, between May 2012 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 81.2% inflationary increase is applied to the most recent sale price for 5 WATER LANE of £250,000 on 11th May 2012. For the value to have increased from £250,000 to £452,959 over the eleven years and five months to December 2024, the following assumptions must hold true:

• The value of 5 WATER LANE has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The May 2012 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 5 WATER LANE has not materially changed since May 2012.

How Large is 5 WATER LANE?

5 WATER LANE is 83m², which includes one extension, according to the EPC inspection conducted in July 2024. 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 WATER LANE lies on this distribution: 10% of detached houses houses are smaller than 5 WATER LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

5 WATER LANE: Plot and Title Map

5 WATER LANE sits on a plot of roughly 0.043 of an acre, or 174m². The below map shows the location of 5 WATER LANE, 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 WATER LANE). 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 WATER LANE?

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