54, LUCAS LANE, HITCHIN, SG5 2LT - £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

54 LUCAS LANE is a small detached house of 102m², built sometime between 1967 and 1975. It was last sold for £425,000 in November 2014, which was around 19% below the average November 2014 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was August 2010, where the current energy rating was D, and the potential energy rating was C.

54 LUCAS LANE Sold Prices

Land registry data shows three sales for 54 LUCAS LANE 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 54 LUCAS 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
2014 26 NOV	£425,000	£524,522	19% below HPI
2006 31 JUL	£294,500	£395,490	26% below HPI
1995 24 FEB	£92,000	£128,698	29% below HPI

54 LUCAS 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 three 54 LUCAS LANE sales between February 1995 and November 2014 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 2006 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the November 2014 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 54 LUCAS LANE be worth now?

54 LUCAS LANE might now be worth an estimated £641,820.

This is based on house price inflation of 51%, between November 2014 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 51% inflationary increase is applied to the most recent sale price for 54 LUCAS LANE of £425,000 on 26th November 2014. For the value to have increased from £425,000 to £641,820 over the nine years and eleven months to December 2024, the following assumptions must hold true:

• The value of 54 LUCAS LANE has moved in line with the HPI for detached houses in the North Hertfordshire local authority area.
• The November 2014 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 54 LUCAS LANE has not materially changed since November 2014.

How Large is 54 LUCAS LANE?

54 LUCAS LANE is 102m² according to the EPC inspection conducted in August 2010. This puts it in the smallest 30% 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 54 LUCAS LANE lies on this distribution: 26% of detached houses houses are smaller than 54 LUCAS LANE, and 74% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

54 LUCAS LANE: Plot and Title Map

54 LUCAS LANE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 54 LUCAS 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 54 LUCAS 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 54 LUCAS LANE?

54 LUCAS LANE is located in HITCHIN, in the SG5 postcode district. The below map shows the position of No. 54 on LUCAS LANE.