54, LUCAS LANE, HITCHIN, SG5 2LT - £425,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). 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 13% 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	£485,812	13% below HPI
2006 31 JUL	£294,500	£366,303	20% below HPI
1995 24 FEB	£92,000	£119,200	23% 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 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the November 2014 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

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 in Hitchin, based on EPC data. The below chart shows the distribution of detached houses by size in Hitchin, and where 54 LUCAS LANE lies on this distribution: 26% of detached houses are smaller than 54 LUCAS LANE, and 73% 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.