61, GRAYS LANE, HITCHIN, SG5 2HJ - £870,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

61 GRAYS LANE is a midsized extended detached house of 122m², built sometime between 1950 and 1966. It was last sold for £870,000 in September 2021, which was around 31% above the average September 2021 detached price in the North Hertfordshire local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was C.

61 GRAYS LANE Sold Prices

Land registry data shows four sales for 61 GRAYS LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Hertfordshire local authority area for the corresponding sale date. All of the four 61 GRAYS LANE sales were for above 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
2021 30 SEP	£870,000	£662,203	31% above HPI
2010 23 JUL	£475,000	£400,452	19% above HPI
2004 29 APR	£332,000	£325,579	2% above HPI
1997 5 SEP	£146,500	£141,899	3% above HPI

61 GRAYS 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 four 61 GRAYS LANE sales between September 1997 and September 2021 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 2010 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the September 2021 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is 61 GRAYS LANE?

61 GRAYS LANE is 122m², which includes two extensions, according to the EPC inspection conducted in February 2020. This puts it in the smallest 50% of detached houses in Hitchin, based on EPC data. The below chart shows the distribution of detached houses by size in Hitchin, and where 61 GRAYS LANE lies on this distribution: 48% of detached houses are smaller than 61 GRAYS LANE, and 51% of houses are larger. Note that EPC data is not available for all properties in Hitchin.

61 GRAYS LANE: Plot and Title Map

61 GRAYS LANE sits on a plot of roughly 0.111 of an acre, or 448m². The below map shows the location of 61 GRAYS 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 61 GRAYS 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 61 GRAYS LANE?

61 GRAYS LANE is located in HITCHIN, in the SG5 postcode district. The below map shows the position of No. 61 on GRAYS LANE.