62, PARKWAY, WELWYN GARDEN CITY, AL8 6HH - £475,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

62 PARKWAY is a very small extended semi-detached house of 71m², built sometime between 1900 and 1929, which could now be worth an estimated £866,692. It was last sold for £475,000 in January 2011, which was around 65% above the average January 2011 semi-detached price in the Welwyn Hatfield local authority area. The most recent EPC inspection was October 2010, where the current energy rating was C, and the potential energy rating was C.

62 PARKWAY Sold Prices

Land registry data shows two sales for 62 PARKWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Welwyn Hatfield local authority area for the corresponding sale date. Both of the two 62 PARKWAY 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
2011 25 JAN	£475,000	£287,082	65% above HPI
2009 17 DEC	£325,000	£275,031	18% above HPI

62 PARKWAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Welwyn Hatfield local authority area over time, sourced from the HPI. The two 62 PARKWAY sales from December 2009 and January 2011 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 December 2009 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the January 2011 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

What might 62 PARKWAY be worth now?

62 PARKWAY might now be worth an estimated £866,692.

This is based on house price inflation of 82.5%, between January 2011 and March 2025, for semi-detached houses, in the Welwyn Hatfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 82.5% inflationary increase is applied to the most recent sale price for 62 PARKWAY of £475,000 on 25th January 2011. For the value to have increased from £475,000 to £866,692 over the thirteen years and ten months to March 2025, the following assumptions must hold true:

• The value of 62 PARKWAY has moved in line with the HPI for semi-detached houses in the Welwyn Hatfield local authority area.
• The January 2011 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 62 PARKWAY has not materially changed since January 2011.

How Large is 62 PARKWAY?

62 PARKWAY is 71m², which includes one extension, according to the EPC inspection conducted in October 2010. This puts it in the smallest 10% of semi-detached houses houses in Welwyn Garden City, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Welwyn Garden City, and where 62 PARKWAY lies on this distribution: 3% of semi-detached houses houses are smaller than 62 PARKWAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Welwyn Garden City.

62 PARKWAY: Plot and Title Map

62 PARKWAY sits on a plot of roughly 0.572 of an acre, or 2,313m². The below map shows the location of 62 PARKWAY, 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 62 PARKWAY). 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 62 PARKWAY?

62 PARKWAY is located in WELWYN GARDEN CITY, in the AL8 postcode district. The below map shows the position of No. 62 on PARKWAY.